Market development is a growth strategy that identifies and develops new market segments for current products.
[1] A development strategy targets non-buying customers in currently targeted segments.
A market development strategy entails expanding the potential market through new users or new uses.
For discontinuous innovations, which are those that impose a change of behavior, new learning, or a new process on the buyer or end user, a focused market development strategy is needed to bridge the gap between the early market and the mainstream.
A marketing manager is involved in many considerations before implementing a market development strategy, like whether the market is profitable, whether it will require the introduction of new or modified products and whether the customer and marketing channels are well enough researched and understood.