In our start-up world you simply cannot predict success on the measuring the size of the market. It's impossible. Think back to 2007 and tell me: What is the size of the market for Fart apps? And it will cost $0.99? My guess? Very, very limited. Huh. Guess I missed the mark on that one. Now, think back to 2005. Tell me, what is the size of the market for people to blog in 140 characters or less? My guess, pretty small. I mean, Facebook can do that. Oops. Missed that one, too. OK, now that Twitter is HUGE what is the size of the market for people willing to pay for it? A ha! Studies show near zero.
So the size of the market willing to pay $0.99 for fart apps is far bigger than that of Twitter. Amazing, eh?
So here's what you do: Go build an MVP, identify some leading influencers who could be interested in it, beta test it out, and gather feedback. That's all you really can do.