understand the market

What Are the Key Components of Market Analysis?

A thorough market analysis typically includes:
- Market Size and Growth: Estimating the overall size of the market and its growth potential.
- Market Trends: Identifying current trends that could impact the market.
- Customer Segmentation: Dividing the market into distinct groups of buyers with different needs or behaviors.
- Competitor Analysis: Understanding who your competitors are, their strengths and weaknesses, and their market positioning.

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