A vertical market is a market in which vendors offer goods and services specific to an industry, trade, profession, or other group of customers with specialized needs. A horizontal market is a market in which a product or service meets a need of a wide range of buyers across different sectors of an economy. Types There are three types of vertical market which encompass successive market stages of production and distribution: corporate, administered and contractual. Corporate vertical markets combine market stages under single ownership. Administered vertical markets are coordinated by one company due its size and power. Contractual vertical markets are created by independent companies that combine market stages through legal agreements. See also Vertical integration Vertical market software Vertical monopoly Supply and demand Product-market fit References Market (economics)