01.4 · Capability in Discovery

Market research

Understanding the market around the product: competitors, alternatives, trends and size. It puts a user problem in the context of what already exists.

Map6 skills
01.4.1Competitiveanalysis01.4.2Substitutes andexistingsolutions01.4.3Market structure01.4.4Market trends01.4.5Categoryconventions01.4.6Market sizingUser understandingProblem identification01.4 Market researchOpportunity validationDomain understandingExplore ↗
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  • 01.4.1Competitive analysisStudying competing products to learn what they do well and where they fall short.
  • 01.4.2Substitutes and existing solutionsEverything people use today instead of your product, including spreadsheets and doing nothing.
  • 01.4.3Market structureWho the players are, how value flows, and who holds power in a market.
  • 01.4.4Market trendsShifts in technology, behavior or regulation that open or close opportunities.
  • 01.4.5Category conventionsThe patterns users already expect from products of this kind.
  • 01.4.6Market sizingEstimating how many potential customers exist and what they could be worth.
Mark all 6

Where to start

2 resources

Tools

0 tools

Tools for this topic are being researched.

Also in Discovery

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