market analysis

Market analysis is the process of evaluating and understanding market conditions, trends, and dynamics. This involves researching customer preferences, competitor activities, and market opportunities to inform business strategies and make data-driven decisions.

What steps do you take to analyze the market feasibility of a POC?

To analyze the market feasibility of a Proof of Concept (POC) in software development, several steps need to be taken. These include conducting market research, defining the target audience, identifying the problem the POC solves, assessing the competitive landscape, evaluating potential risks and challenges, and gathering feedback from stakeholders. By following these steps, a software development company can assess the viability of a POC before investing further resources.

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