VANCOUVER, British Columbia -
Oct. 27, 2022 -
PRLog -- The task management software market is expected to grow to USD 4.33 billion by 2023. It's a growth of 13.74% for the five years. But despite a good market, PicIt4Me has a few competitors in the same market niche. The startup's strategy is to provide an easy solution to optimize customer data collection, eliminating travelling and receiving real-time updates. The PicIt4Me team believes that a successful marketing strategy and its accurate application will help them target potential customers and identify their needs.
While entering the market, it is essential to take into account the following:
- Power of Suppliers: Suppliers' power in this industry is weak due to the availability of development firms locally and globally. The data-centric quality of the supplier is irrelevant due to the possibility of working with them virtually.
- The threat of new entrants: The strength of entry barriers into this industry depends on the quality of the service offered. Many companies can develop an online IoT Data website, but only a few would provide a sophisticated marketplace that matches our offering.
- Power of competitors: The power of the generic task marketplace is low. There are many customers, and the competition among them is fierce. Their bargaining power is down due to their marketplace user experience, designed as text data entry forms.
There are many small local websites and several regional marketplaces, and they are all competing for the same pool of customers. The competitors in Europe and the US tend to focus on service differentiation, while the remaining Asian competitors rely on heavy price competition.
About PicIt4Me Tech Design Corp.: PicIt4Me is a mobile application for assigning and solving tasks by taking photos of places or objects and crowdsourcing the camera capabilities of registered users' mobile phones through enabled edge detection and AI image recognition technologies. (
https://picit4metech.com/)
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