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Definitions from the Web

Penetration Rate

Definition: Penetration rate refers to the proportion or percentage of a population or market that has adopted or uses a particular product, service, or technology.

Senses and Usages

Sense 1: Market Penetration Rate

Noun

Definition: The percentage of a specific target market that has purchased or is using a product or service offered by a company.

Example Sentence: The market penetration rate of the new smartphone reached 30% within the first month of its launch.

Sense 2: Internet Penetration Rate

Noun

Definition: The percentage of individuals in a specific area or country who have access to and use the internet.

Example Sentence: The internet penetration rate in the rural areas of the country has significantly increased due to recent government initiatives.

Sense 3: Local Penetration Rate

Noun

Definition: The percentage or level of acceptance or adoption of a product or service within a particular local or regional area.

Example Sentence: The local penetration rate of electric vehicles in the city has been steadily rising, thanks to the availability of charging infrastructure.

Sense 4: Penetration Rate Analysis

Noun

Definition: The process of scrutinizing and evaluating the rate at which a product or service is being accepted, used, or adopted by a specific market or population.

Example Sentence: The company conducted a penetration rate analysis to identify potential areas for growth and increase market share.