Market Share
Type: noun
Pronunciation: /mar-kit-share/
Also spelled or known as: Industry Share
Plural: Market Shares
Related: Music Industry
What does Market Share mean? The percentage of a market controlled by a company or product.
Market Share measures a company’s sales, revenue, streams, customers, or influence relative to competitors.
In music, market share is commonly used to evaluate labels, distributors, publishers, and streaming platforms.
Market Share synonyms: Industry Share, Market Percentage, Competitive Share
Example sentence: “The company increased its market share during the year.”
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