Enterprise Cybersecurity Buyer Behavior: Decision Factors and Procurement Patterns
APA Citation
Brennan, K. & Sosa, M. (2024). Enterprise Cybersecurity Buyer Behavior: Decision Factors and Procurement Patterns. *International Journal of Information Management*. https://doi.org/10.1016/j.ijinfomgt.2024.102812
View original paper →What Did This Cybersecurity Research Find?
This cybersecurity market study surveyed 400 enterprise security buyers about their vendor evaluation and procurement processes. Cybersecurity purchase decisions were driven primarily by peer recommendations and proof-of-concept results, with marketing materials ranking last among information sources used during vendor evaluation.
Key Findings
- 1Peer recommendations were the most influential information source for 68% of buyers
- 2Proof-of-concept trials influenced final decisions in 72% of purchases over $100K
- 3Marketing materials ranked last among information sources used during evaluation
- 4Average enterprise cybersecurity purchase cycle was 6.4 months from initial interest to contract
- 5Technical evaluations by the security team determined the vendor shortlist in 81% of cases
How Does This Apply to Cybersecurity Careers?
Sales engineers and account executives in cybersecurity vendors can align their approach with actual buyer behavior. Channel professionals can understand what drives enterprise procurement decisions.
Who Should Read This?
sales · management
Frequently Asked Questions
What did this cybersecurity research find?
This cybersecurity market study surveyed 400 enterprise security buyers about their vendor evaluation and procurement processes. Cybersecurity purchase decisions were driven primarily by peer recommendations and proof-of-concept results, with marketing materials ranking last among information sources used during vendor evaluation.
How is this research relevant to cybersecurity careers?
Sales engineers and account executives in cybersecurity vendors can align their approach with actual buyer behavior. Channel professionals can understand what drives enterprise procurement decisions.
Where was this cybersecurity research published?
This study was published in International Journal of Information Management in 2024. The DOI is 10.1016/j.ijinfomgt.2024.102812. Access the original paper through the publisher link above.
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Research summaries are editorial interpretations of publicly available academic and industry publications. DecipherU is not affiliated with the authors or publishers cited. Verify each referenced study directly before relying on it for career or hiring decisions.
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