Vertical Market
A vertical market is a specific industry or sector that focuses on a particular niche, offering specialized products or services tailored to that market's unique needs. Examples of vertical markets include healthcare, education, and real estate. Companies operating in these markets often have a deep understanding of their customers and can provide targeted solutions that larger, more generalized businesses may not offer.
In contrast to horizontal markets, which serve a broad range of industries, vertical markets concentrate on a single area. This specialization allows businesses to develop expertise and build strong relationships with clients, ultimately leading to increased customer loyalty and satisfaction.