Step
Decision phase
Creation of a market study –
Are you and your products competitive
in Germany?
The market study by
connect4automation
will answer the
following questions:
connect4automation
will answer the
following questions:
- Is your product needed in Germany?
- Market development / technological development
- How big is the total market volume in Germany for your product?
- What market segments exist for your product?
- Which market segments should you look to serve?
- How does the competition look?
- What is the correct market price for your product?
The market study done by connect4automation
contains:
contains:
- The results of a SWOT analysis:
- - Strengths
- - Weaknesses
- - Opportunities
- - Threats
- Obstacle analysis:
- - Competitor‘s patents
- - Approvals
- - Standards / norms
- Representative test customers.
After this market research is completed you are better placed to make an informed decision about the likely success of your products on the market.