Usually means: Reduction to interchangeable market goods.
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We found 11 dictionaries that define the word commoditization:

General (6 matching dictionaries)
  1. commoditization: Merriam-Webster
  2. commoditization: Oxford Learner's Dictionaries
  3. Commoditization, commoditization: Wordnik
  4. commoditization: Wiktionary
  5. commoditization: Dictionary.com
  6. Commoditization: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. commoditization: Webster's New World Finance & Investment Dictionary
  2. Electronic Commerce Dictionary (No longer online)
  3. Commoditization: Investopedia
  4. Commoditization: Financial dictionary
  5. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (commoditization)

noun:  The transformation of something into a commodity

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