– when an industry or market is described to be ‘worth an estimated x dollars’ what does that actually mean?

Question

– when an industry or market is described to be ‘worth an estimated x dollars’ what does that actually mean?

In: 45

Answer 1

Truth be told, it’s something of an ambiguous statement.

Most often, it is used to describe the total market for something. That is, how much of that something IS sold or COULD BE sold over some time period.

Even within a sophisticated corporation, it’s a good idea to ask precisely what someone is claiming when they describe a total market.