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'develop new markets' is correct and usable in written English.
You can use it when referring to a company or organization's efforts to increase its customer base by targeting different markets. For example, "The company has been working hard to develop new markets in the Middle East to increase their international presence."
Exact(36)
But, as in the case of Apple, the CME's main problem is to develop new markets.
"Over time it will look to develop new markets and destinations".
To stay in the game, the industry is trying hard to develop new markets, especially in Asia.
They need to get inside poor people's heads to develop new markets, shaping people's tastes and establishing habits.
The goal of these programs is to maintain and expand existing markets, as well as to develop new markets.
Tobii is also working with console-makers and video-game publishers to develop new markets for its technology.Another use is in e-readers.
Similar(24)
While those clients may be lured to advertise on Yahoo's Yellow Pages listings, Yahoo's bigger advertisers are likely to use the paid search listings to develop new marketing techniques.
ParcelHero argues that internet retailing has moved beyond the written word and that e-tailers who want to communicate with customers and develop new marketing techniques should adopt emojis, however, irritating they are to some parts of the population.
Mrs. Roberts, 34, works at Time Inc. in New York, where she is a special-projects director and develops new markets for People and People en Español magazines.
"We've always had some losses," he said, talking about the process of developing new markets.
Felix was instrumental in launching technology startups and developing new markets.
More suggestions(15)
implement new markets
provide new markets
develop new businesses
developed new markets
creating new markets
develops new markets
develop new export
develop new business
development new markets
developing new markets
development of new markets
develop new capabilities
develop new services
develop their markets
develop new opportunities
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com