Usually means: Group of similar consumer characteristics.
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We found 7 dictionaries that define the word market segment:

General (4 matching dictionaries)
  1. market segment: Collins English Dictionary
  2. market segment: Wiktionary
  3. Market segment: Wikipedia, the Free Encyclopedia
  4. market segment: TheFreeDictionary.com

Business (3 matching dictionaries)
  1. MARKET SEGMENT: Accounting Glossary
  2. Market Segment: Management Dictionary
  3. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (market segment)

noun:  (marketing) A group of customers that share at least one characteristic in one homogenous market.

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