market growth

Market growth refers to an increase in the size or value of a specific market over time. It indicates that more products or services are being sold, customers are spending more, or both. This growth can result from factors like innovation, expanding demand, improved consumer confidence, or economic development. Tracking market growth helps businesses understand opportunities, forecast future trends, and make strategic decisions. Essentially, it shows that a market is becoming more active and valuable, signaling healthy industry or sector expansion.