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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.It involves sectioning the total addressable market into discrete, smaller groups. This marketing technique is used to group or ‘segment’ buyers with common characteristics to tailor their needs. Each group shares common characteristics that enable the firm or business to create targeted experiences or products for them.dovetail.com/market-research/market-segmentation/Market segmentation in market research focuses on dividing a broader market into smaller segments or groups of audiences or consumers with similar behavior or personas. This helps businesses to experiment and target the audience to which they can cater, leading to more effective and efficient marketing efforts.cleverx.com/blog/market-segmentation-in-market-r…Market segmentation is an extension of market research that seeks to identify targeted groups of consumers to tailor products and branding in a way that is attractive to the group.www.investopedia.com/terms/m/marketsegmentati…Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better understand the target audience. By understanding your market segments, you can leverage this targeting in product, sales, and marketing strategies.www.qualtrics.com/experience-management/brand…Market segmentation is when a business splits potential customers into groups based on shared characteristics. These characteristics include location, age, income, credit rating, usage rates, or buying habits.www.coursera.org/articles/market-segmentation
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