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 finance. Companies operating in these markets often develop expertise and solutions that cater specifically to the demands of their target audience.
In contrast to horizontal markets, which serve a broad range of industries, vertical markets concentrate on a narrower scope. This specialization allows businesses to build strong relationships with customers and create targeted marketing strategies, ultimately leading to increased customer loyalty and satisfaction.