Market Lancing is a software tool used by businesses and marketers to identify profitable niches, trends, and opportunities to launch new products or services. It analyzes market data to determine areas of unmet demand that a business can potentially fill.
Market Lancing is a type of market analysis software that helps businesses and marketers identify profitable new product opportunities. It works by analyzing various market data signals to spot consumer trends, underserved niche markets, emerging technologies, shifts in demand, and other actionable insights.
Using techniques like keyword research, consumer sentiment analysis, competitive analysis, and more, Market Lancing uncovers market gaps - areas where consumer demand exceeds supply. This highlights opportunities for businesses to create new products, services or business ideas to meet this unfulfilled demand.
Key features of Market Lancing software may include:
The resulting market intelligence reports generate targeted, data-driven new product concepts that align with customer demand. This allows companies to innovate purposefully, validate demand exists, size the opportunity, and gain first-mover advantage ahead of competition.
Compared to manual market speculation, Market Lancing takes much of the guesswork out of deciding which new products/services to build. It empowers innovation teams to make smart decisions backed by real market data.
Here are some alternatives to Market Lancing:
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