Market Analysis
Market analysis is a systematic process of gathering, analyzing, and interpreting information about a market, including its size, trends, competition, and customer needs. It helps organizations understand the business environment to make informed decisions about product development, marketing strategies, and investment opportunities. This skill involves both qualitative and quantitative research methods to assess market viability and identify growth opportunities.
Developers should learn market analysis to build products that meet real user needs and achieve commercial success, especially in startup or product-focused roles. It's crucial for validating ideas before development, prioritizing features based on market demand, and understanding competitive landscapes to differentiate offerings. This skill is particularly valuable in agile and lean development environments where iterative feedback and market fit are key.