Assessment of market potential and market size
Identifying the target audience and analysing consumer behaviour
Competitive analysis and positioning
An analysis of market trends and the size of the UAE market enables you to assess how many customers you could potentially attract and what market share is within your reach.
The market growth forecast is based on data regarding the sector’s growth rates, investment activity and changes in consumer behaviour, giving you a clear understanding of the market’s potential over a 3–5-year horizon.
Target audience analysis and customer needs analysis enable you to identify demand for your products and services, as well as to segment your customers according to demographic, psychographic and behavioural characteristics. You will find out who your ideal customer is, where they live, how they make purchases and what really matters to them.
Competitor analysis in the UAE involves comparing competitors across three tiers: international giants, major regional players and local niche companies. Continuous monitoring of competitors enables an analysis of their strengths and weaknesses based on the following criteria:
- analysis of competitors’ products;
- analysis of competitors’ prices;
- analysis of competitors’ offerings;
- analysis of competitors’ marketing.
Competitive positioning helps you identify promising niches in Dubai and develop a unique selling proposition that will set you apart from the competition.