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ECE 2799: Electrical and Computer Engineering Design: Market Research

Market Research

Market research is the process of gathering and analyzing data related to industry trends, consumter behavior, competitors, and more. Market research includes gathering information directly from customers (via surveys, focus groups, etc.), as well as finding information published by external sources. For help with surveys, go to the surveys tab of this guide. For help finding existing market data, see the resources below. 

Market Research Resources

Research relevant industries to understand the larger context of your product​: Who are the major players? How much money does the industry make?​

Tips for conducting industry research:

  • You may need to think about your product in a broader context​
    • For example, if you're making dog toys, look at the pet store industry
  • You may need to approach your topic from different angles
    • For example, if you're making a cooking app that integrates with grocery delivery, you could look at:​
      • Smartphone app developers in the US
      • Oline grocery sales in the US

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