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A technology provider's market success is enhanced by its ability to address complex buying processes that span not only CIOs, but also influential business decision makers. Three consecutive years of further decentralized IT spending confirm the growing value of a vertical go-to-market strategy.
Table of Contents
Hypothesis 1: Proven
Hypotheses 2 and 3: In the Process of Becoming
- Hypothesis 1: Proven
The CIO still oversees and controls the majority of IT spending, but the buying process is more complex, with greater input from the line of business
- There has been a trend away from highly centralized IT buying decisions over the last three years
- Operations controls the greatest amount of IT spending outside of IT
- Business leaders touch IT spending in every industry
Business unit influence is being seen in decision-making structures rather than in an outright shift to the business units
- Business buyers are involved earlier in the relationship
- Business buyers are involved in both vertical-specific and horizontal purchases
Business buyers want providers to deliver measurable business impact
- Cost is still the leading purchase consideration in most industries, but demonstrated industry knowledge features highly
The buyer and the targeted business outcomes vary by industry
- Communications and Media
- State and Local Government
- Federal Government
- Banking and Securities
- Healthcare Providers
- The CIO still oversees and controls the majority of IT spending, but the buying process is more complex, with greater input from the line of business
Pendulums and Black Swans
- Pendulums and Black Swans
Vendors to Watch
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