©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
IT leaders making enterprise-level technology purchases report that their buying cycle has increased by more than 20% in the last three years, according to IDC’s 2012 Buyer Experience study. They are not happy about this fact and were not shy about telling IDC about how vendors can speed things up.
IDC’s 2012 Buyer Experience Study reveals that CIO’s making enterprise-level technology purchases report that their buying cycle is now longer than five months when multiple vendors are competing for their business.
I find several things interesting about this fact.
1. The length of the B2B tech buying cycle continues to increase. In 2009, the buying cycle was about 4.5 months and is now 5.4 months. It has increased more than 20% in three years.