A product revolves around the market economy throughout its life cycle, when a product is developed implementing the 7 stages of product development positioning it appropriately in the market backed with recent data and observations it is bound to succeed in the optimization and commercialization stage of product development and the last stage is actually to keep optimizing the product and it will commercialize by default with the applaud from masses.

There are 7 stages in the product development cycle Ideation, Filtering Ideas, Concept development and testing, market strategy, product development, Launch, Optimization and commercialization.
The product development cycle starts with an upright ideology with a core idea for the product surrounded by various sub-concepts for the Implementation of the ideas.

The product development process is not a single stage based plan however the speed and success of developing a product will primarily depend on how clear and well developed the ideology is for making the software product if there is a crystal clear purpose of developing it then directing other teams and marketing extemporaneously simplifies hence the time and efforts can be saved, hence the conceptualization and ideation stage is very important in terms of further life and success of the product.

The R&D and the initial DNA construction are the two constituents that will accompany the product throughout its life cycle, in fact the further stages can be outsourced or automated depending on the nature of the product but a good R&D will drive the product's success. Once you have it right from the data and analytics perspective become the consumer and identify the distress points that might turn off potential buyers because of certain discrepancies and make amends as the product evolves this should be a continuous procedure so that the product evolves and sustains in the market.