The term "niche" is used in technology to describe a specialized or focused area of technology, product, or service that caters to a specific segment of the market or a particular set of needs. Niche technologies often emerge to address requirements that are not adequately met by mainstream solutions. These technologies can range from highly specialized software applications to hardware components designed for very particular applications. Businesses might adopt a niche technology to gain a competitive advantage, to optimize a specific process, or to serve a very specific customer base.
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