TAM Definition, Market Research and Go-to-Market strategy for Asset Software Co

by Anuar Heberlein
A Software Co wanted to assess market appetite for a new Asset Lifecycle Software solution. They turned to StrategiaGTM for help.

650,000

Target New Customer
Locations Identified

$10B+ Increase
in TAM

THE CHALLENGE
For 12 years, Software Co developed a custom-built Asset Lifecycle software solution for a Global Telco Hoping to leverage this experience, Software Co wanted to assess the viability of launching a similar SaaS offering to serve the broader retail market by determining the potential size of the opportunity, defining a Minimum Viable Product (MVP) to Go-to-Market, and creating a rollout strategy for the new product offering.
OUR SOLUTION
To fulfill these objectives, Software Co asked StrategiaGTM to:
1. Define the Total Addressable Market for such a potential solution.
2. Conduct market research to identify competing offerings in the space including products, target audiences, and price points.
3. Leverage Subject Matter Experts (SME) to validate the feasibility of offering a new tool and define the key features required to launch an MV.
CLIENT IMPACT
Large Market Appetite Identification
StrategiaGTM identified over 650,000 new target customer locations implying a Total Addressable Market of tens of billions annually in revenues from Asset Lifecycle Software licensing opportunities.
Product Features, Pricing and Sales Channels Validation
Interviews with SMEs including large retailers like Nike and Starbucks, validated the need for an off-the-shelf solution and identified the most important features to launch an MVP. SMEs gave further insights into how to create an effective Go-to-Market strategy including pricing, the titles of decision makers to be targeted, and the best sales channels to utilize when approaching target customers.
Related Capabilities
GTM Strategy
Market Assessment
Market Sizing
Pricing Strategy
Related Industries
Asset Management

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