Usually means: Existing users of a product.
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We found 5 dictionaries that define the word installed base:

General (3 matching dictionaries)
  1. installed base: Wiktionary
  2. Installed base: Wikipedia, the Free Encyclopedia
  3. installed base: Longman Dictionary of Contemporary English

Business (1 matching dictionary)
  1. Installed-Base: E-Commerce and Marketing Dictionary of Terms

Computing (1 matching dictionary)
  1. installed base: Encyclopedia

Definitions from Wiktionary (installed base)

noun:  (idiomatic, business) The number of units of a system or product that are currently in use.

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