Niche Market
A small, specialized market segment focused on a particular product or service, often characterized by a unique demand.
A small, specialized market segment focused on a particular product or service, often characterized by a unique demand.
Areas of unmet demand in a market where opportunities for growth and development exist.
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.
A market space that is already crowded with competition, where companies fight for market share, leading to intense rivalry and lower profitability.
The process of defining how a product is perceived in the minds of consumers, relative to competing products, to create a unique market identity.
Obstacles that make it difficult for new competitors to enter an industry, such as high capital requirements, strong brand loyalty, or regulatory hurdles.
The process of planning, executing, tracking, and analyzing marketing campaigns.
A professional responsible for defining the strategic direction of a product, ensuring it aligns with market needs and business objectives.
A framework for discovering and validating the right market for a product, building the right product features, and validating the business model.