Words / T / Business

total addressable market

noun/ˈtəʊtl̩ əˈdrɛsəbl̩ ˈmɑːkɪt/

B1CEFR level
55/100Rarity: uncommon
TechnicalRegister

The total revenue opportunity available if a product achieved 100% market share in its category.

Investors questioned whether the total addressable market was really large enough to build a billion-pound company.

Similar: TAM

Topic: Advanced English in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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