Verticalisation: The Key to Differentiation in a Commoditised Market
Verticalisation is an essential pillar of the Intelligent Workplace.
Developing industry-specific solutions represents a compelling strategy for differentiation and value creation in an increasingly commoditised market.
This approach is already paying dividends for some providers. 8×8, for example, is seeing success with housing authority solutions in the UK, demonstrating how deep industry knowledge translates into effective problem-solving. Rather than offering generic communications tools, these solutions address specific workflows and compliance requirements unique to social housing providers.
Other providers have taken similar steps in other verticals, GoTo, for example, has specialised in car dealerships while Zoom recently announced a communications platform for clinicians.
However, it’s important to have a point and a reason to verticalise – a clear value proposition that resonates with specific industry segments.
For service providers, verticalisation offers a path to combat price pressure of generic communications services. By developing intellectual property and expertise in specific sectors, providers can command premium pricing while building more strategic, longer-term customer relationships.
The practical implementation varies significantly based on provider size and capability. Larger organisations might develop comprehensive solutions for major industry segments like healthcare or financial services. Smaller providers often find success by focusing on niche segments with specific requirements not well-served by mainstream offerings.