Market Expansion Research

What Does It Mean to Expand Your Business?

Our company will assist you in making the right decision to expand your business through our market sizing services. Since market sizing is essential and probably the most crucial initial brand measure. It can guide you to determine which measures are suitable to add to your company. The goal of our market sizing services is to give entrepreneurs or organizations an edge in estimating how much profit they could potentially earn from a new business, product, or service. You will benefit from our most valuable and reliable data collection from this service to help you decide which form of business activity is best to introduce into your company. Whether introducing a new product, expanding your business offering, or moving into new regions. Making large, expensive decisions necessitates valuable and reliable data in order to accurately evaluate the prospective market size. In this case, our experienced market research specialist will conduct a critical data search to establish the entire potential market size from the ground up, as well as the market share you may be aspiring to grab.

Discover the market’s current potential growth for your company and target new items. Our firm will undertake a market sizing exercise for you based on the three primary types of research listed below.

TAM stands for the total addressable market, which is the whole market demand for a product or service. It’s the highest amount of money a company may make by selling its product or service in a particular market..

The Serviceable Addressable Market (SAM) calculates the total possible income that might be generated by capturing 100% of a certain market constrained to geography, target demographics, or other factors that segment the market for a product or service (SAM).

SOM (also called Share of Market) is a depiction of the percentage of SAM that your company is expected to achieve. If you’re not the only maker of a particular product example school bags, that figure will be lower than the SAM.