Meaning of time to market (definition)
Time to Market (TTM) is the period from the initial idea to the market entry of a product. It doesn't just start with development, but often with the initial problem definition, a business case or a customer need. And it doesn't end with internal acceptance, but only when the product actually goes live — i.e. at launch, release or start of sales.
Time to market example: You are developing an app that allows users to book medical appointments digitally. The time to market starts as soon as someone in the company realizes: “Our patients need an easier booking solution.” And it ends when the app is available in the app stores.
Therefore: What does TTM mean? Time to market is not a purely technical value. It is the result of strategic, organizational and operational decisions and can therefore be specifically influenced.
Time to market: speed and timing as success factors
The faster a product comes to market, the more likely it can create real benefits — for users, for your company, for the business results. If you launch earlier, you can learn faster, generate sales earlier, secure market shares or obtain feedback. Especially in digital competition, it often counts: Whoever delivers first has the better cards.
Examples of the value of time to market:
- A feature comes too late: While your team is still working on the “perfect” feature, the competitor has long since released a simplified version — and secured the market.
- A software product is in development for a year — and when it is released, market demand is already different.
- A start-up launches an MVP after just 6 weeks — receives immediate user feedback and makes targeted adjustments.
Slow time to market often means: missed opportunities, high costs, unnecessary development effort. Of course, it is not enough to always be first. Quality and development must also be right.
How is time to market measured?
TTM is usually expressed in calendar days or weeks, from the official project start (often: kick-off, first product backlog item, first project order) to actual market entry. What is important is that it is the real duration of the entire process that counts, not just the development time.
Typical stages of time to market:
- Idea generation/problem definition
- Concept/prototyping
- Development/Testing
- Approval processes
- Go-live/Launch
Difference from related terms:
Lead time: While TTM means the total period until market launch, lead time usually describes shorter, specific sections, such as the time from the creation of a task to its completion by the development team. If a feature is removed from the backlog and is ready for production ten days later, the lead time is ten days, regardless of when the project was started.
Time to Value: This metric doesn't end at launch, but only when the user actually experiences tangible benefits. An app can be live, but it's only really helpful with the third version. Time to Value therefore not only asks: “How quickly do we deliver? ”, but: “When does it really benefit the user? ”
Faster time to market: targeted shortening
It's always faster, but keep an eye on the quality of the following approaches.
- Agile work & MVP approach: Instead of building everything at once, you work iteratively: You bring a minimal but functional product (MVP) quickly enters the market and further develops it based on real feedback.
- Cross-functional teams: When a team combines all necessary competencies (e.g. design, development, testing), there is no need for long coordination processes. Decisions are made directly in the team, which saves time.
- Reuse & modularization: If you can reuse building blocks (e.g. UI components, API modules), you don't have to start from scratch every time. Templates or design systems also help to deliver faster.
- Automated testing & CI/CD: Automated testing and continuous deployment ensure that new versions can be delivered stably and quickly, without manual approvals.
- Clear scope & bold decisions: Many projects lose time when you get involved in detailed discussions. A clear focus on the essentials (What really needs to be included in the first release?) Sometimes saves weeks.
But be careful: If you focus too much on acceleration, you risk technical debt, poor UX or unstable releases. Speed must be balanced with quality and user value.
Reduce your time to market — with Axisbits
Perhaps you yourself are facing a project that brings together a lot: tight deadlines, technical pressure, high expectations for UX and quality. And yet the product should go live not in months, but in weeks.
We help start-ups and SMEs get through this point: We support companies from the initial idea to a successful launch. We work with agile methods, cross-functional teams and the targeted use of no/low code so that we can implement your functional MVP within a few weeks. This allows you to be on the market early on, incorporate market feedback and iteratively improve your product while it's already live.
We'll help you launch faster without losing sight of what's important: The quality. Do you have a project idea on your desk? Get in touch with us!
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