V. Competitive Analysis

Competitor 1
Competitor 1 is a team of designers, developers, and digital strategists. The company was founded in [xx] by [Founder 1] and his team. It is a design and web development studio that designs UI for mobile and web applications. It keeps its users in focus at all times, and therefore its designs come out much stronger. It focuses on creating enjoyable applications. By designing and improving apps with user satisfaction in mind, the company ensures that its client’s applications stay relevant in the market.

Competitor 2
Competitor 2 is known for its trademarked process of product innovation and app design. It works on an intangible idea of its clients and transforms it into a pixel-perfect application in just a matter of weeks. The company is known for creating high-fidelity UI designs. It also performs in-house testing of the prototype and makes iterations and improvements before handing it over to the client. The company is proactive, always responsive, and empathetic. It is a female-driven organization designing delightful and creative experiences. It always makes sure that the client gets the best experience when working with it.

Competitor 3
Competitor 3 is a global creative agency that combines design expertise with technology and intelligence to revolutionize the client’s business. It is a global leader in UX/UI and business solutions that partners with clients to streamline, fortify, and revolutionize their businesses. It creates designs to augment User Experiences. It analyzes human behavioral patterns and blends them with data science and information architecture to design a unique 'blended experience. 

Strengths

• Easily accessible and customizable software
• Competitive Pricing
• An impressive global navigation bar
• Founder’s extensive experience
• Providing user-friendly designs

Weakness

• Being new to the industry could significantly lag in establishing goodwill and trust.

Opportunities

• The user interface service market is expected to generate a market value of $43.24 billion by 2030, growing at a CAGR of 10.6%.
• Projected increasing demand due to changing demographics.
• Emerging new and untapped markets

Threats

• Competitors could look to copy the company’s business model