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Unlocking Market Share Insights in Power BI: A Comprehensive Guide

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Understanding Market Dynamics

In the current data-centric environment, grasping market dynamics is vital for making strategic business choices. Power BI, a robust analytics service by Microsoft, serves as an invaluable asset for extracting insights from data. This article will explore how to calculate market share effectively using Power BI.

Key Highlights:

  • Data-Driven Decisions: Grasping market dynamics is crucial for informed decision-making.
  • Power BI: A multifaceted tool for insightful data visualization and analysis.

Advantages of Utilizing Power BI:

  • Advanced Visualization: Convert raw data into actionable metrics.
  • Analytical Strengths: Uncover opportunities across various market segments.

This guide is tailored for both experienced data analysts and business professionals eager to refine their analytical capabilities. By the end of this article, you will learn how to create a detailed market size table that empowers you to make informed, data-driven decisions.

Target Audience:

  • Data Analysts: Enhance your analytical skills.
  • Business Professionals: Make strategic decisions grounded in data.

In this piece, I will provide a detailed walkthrough for creating a table visual in Power BI, including a dedicated column for market share.

The final outcome will resemble the following table:

Market Share Table Example

Constructing the Market Share Table

To achieve our goal, we will follow these steps:

  1. Understanding the data table utilized
  2. Implementing DAX for Market Size
  3. Creating and styling the market share table

Happy learning!

Steps to Calculate Market Share

1. Understanding the Data Table

We will refer to the following table for calculating market share:

Data Table for Market Share Calculation

Market_Share Table Overview:

  • Product: Lists individual products (e.g., Product1, Product2).
  • Category: Groups products into categories (e.g., A, B, C).
  • Brand: Identifies the brand linked to each product (e.g., Brand1, Brand2).
  • Sales: Displays sales figures for each product.

Key Observations:

  • Category A: Brand1 offers three products with sales of 50, 30, and 18. Brand3 has two products with sales of 54 and 24.
  • Category B: Brand2 features three products with sales of 65, 94, and 20.
  • Category C: Brand4 has a single product with sales totaling 145.

This table is instrumental in visualizing the sales distribution across diverse products, categories, and brands, offering a comprehensive view of market performance.

2. DAX for Market Share

To calculate market share, we use the following DAX formula:

Market Share = DIVIDE(SUM(Market_Share[Sales]), [Market Size])

DAX Formula for Market Share

The DAX formula calculates the market size, which is elaborated in a concise article linked below:

3 easy steps for Calculating Market Size KPI in Power BI

Calculating market size is essential for businesses aiming to understand their potential customer base and revenue…

The only adjustment needed is to remove the Market_Share[Category] = “A” from the DAX for Market Size.

  • SUM(Market_Share[Sales]): This segment of the formula calculates total sales from the Sales column in the Market_Share table, summing all sales values for the current context.
  • [Market Size]: A measure that signifies the total market size, which should be pre-calculated.
  • DIVIDE: This function handles division and manages division by zero elegantly. It divides total sales (the numerator) by market size (the denominator).

Here, SUM(Market_Share[Sales]) acts as the numerator, while [Market Size] serves as the denominator.

For additional information, refer to the following article:

2 easy steps to create Training Completion Rate KPI in Power BI

Power BI is a platform that allows you to connect to various data sources, transform and model your data, and create…

This DAX formula aids in identifying the share of total sales attributed to a specific brand or category, shedding light on its market share.

Market Share Calculation Example

Sample Calculation

For products in Category A, the total sales amount to (98+78) = 176, which represents the market size.

For Brand 1 in Category A, the market share is computed as (98/176)*100 = 55.68%, while for Brand 3, it is (78/176)*100 = 44.32%.

3. Creating and Formatting the Market Share Table

Navigate to Visualizations and select Table under Build visual. Include Brand, Category, Sales, Market Size, and Market Share in the columns.

Table Visual Settings

Next, right-click on Market Share, then select "Show value as" and choose "Percent of grand total."

Market Share Percentage Setting

Proceed to format the visual by turning off the Totals.

Totals Formatting

Expand the column headers, set the font size to 20, and adjust alignment as needed.

Column Header Settings

Choose the style of alternating rows in Style presets.

Style Presets Settings

In the Values section, set the font size to 15 and adjust the colors as follows:

  • Background color: #FFE77B
  • Alternate background color: #D0B641
Values Settings

In the Specific column settings, apply alignment to the center for each column.

Specific Column Settings

And finally, you will have your completed table.

Final Market Share Table

Conclusion

Thank you for your attention! Feel free to follow or subscribe to stay updated with my Power BI articles.

Shashanka Shekhar - Medium

Explore insights from Shashanka Shekhar on Medium. A contributor focused on Microsoft Power BI, passionate about Data Analysis.

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