Parallel to the portfolio mapping, we conducted an extensive external analysis. We identified emerging trends shaping the market, from technological advances to economic shifts and changes in consumer behavior. This analysis included market size, growth rates, legislation and regulations, industry standards, and barriers to entry.
A crucial component was the in-depth industry analysis where we mapped the largest growth opportunities per sector. By analyzing IT spending patterns per industry, we gained insight into which sectors showed the most investment willingness for technology-driven transformations. This data-driven approach revealed not only where the greatest market potential lay but also which industries best aligned with HSO's expertise and ambitions.
Simultaneously, we evaluated HSO's key competitors, analyzed their product offerings, market positioning, and competitive advantages and disadvantages. Crucial market gaps and unmet needs were identified as potential growth opportunities.