Definition : Disintermediation

Disintermediation refers to the process of eliminating intermediaries or middlemen in a transaction or business relationship. This can occur when a company or individual bypasses traditional distribution channels and directly connects with customers or suppliers. It can also refer to the removal of intermediaries in financial transactions, such as using online platforms instead of traditional banks. Disintermediation aims to streamline processes, reduce costs, and increase efficiency by cutting out unnecessary intermediaries. However, it can also disrupt established industries and relationships, leading to potential challenges and opportunities for all parties involved.

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