2024 B2B Buying Disconnect

Media Kit for Powerhouse Marketers

Download, share, and customize these at-a-glance tools to spread the word about how today’s enterprise buyers make their technology purchase decisions.

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How to use the media kit
We gathered all the quick-hitting facts, stats, and insights from our 2024 B2B Buying Disconnect Report in one place to make it easier than ever to share with your audience. Access all the charts, social graphics, blogs, and reports right here. Everything in the kit is designed to ensure your peeps get the low-down on today’s tech buying journey.
Charts
Quote cards
Trusted insights
Social media graphics
Social media blurbs

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Brand maturity

What kind of brands do buyers purchase?

 

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Size of buying groups

How have buying groups changed since 2023?

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Purchase cycles

Enterprise buyers tend to have longer purchase processes

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Brand awareness or demand gen?

How vendors balance their discretionary spend

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Top resources buyers consult

Compared to 2023, less buyers are using free demos/trials in 2024

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User reviews 2017-2024

Buyers continue to consult user reviews

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Analyst reports 2017-2024

Use of reports has trended down nearly every year since 2017

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Top factors on review sites

Compared to 2023, buyers are looking more to self-serve information and a product’s score

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Influential resources

Free trials, prior experience, and product demos are key to technology buyers’ purchase decisions

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What kind of demo is used most?

Enterprise buyers lean on live demos and interactive demos

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How are buyers consulting current product users?

Speaking to peers and coworkers were more prevalent than consulting vendors, forums, or search

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How buyers ranked helpfulness of conversations about products

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What do buyers want to change about tech buying?

Transparent pricing, talking to a vendor only when ready, and seeking out current product users topped the list

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Where vendors attribute success

Having a compelling demo and strong customer advocacy topped vendors’ reasons

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Why Vendors think they lost a deal

Vendors mostly attribute losing deals to budget, timing, or losing out to a competitor

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Top reasons for buying a product

Value, trust, and prior relationship topped all buyers’ and enterprise buyers’ lists

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Top vendor marketing tactics

Compared to 2023, vendors are increasing the use of sales reps and decreasing the amount of marketing collateral

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Top GTM challenges for vendors

Ensuring effective sales and marketing efforts and compelling messaging are top of mind for organizations

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Average age of buyers

87% of buyers are Gen X or Millennials

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Size of purchases

83% of tech buyer purchases are less than $50k

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Vendor roles

Breakdown of the 243 vendors we surveyed

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Buying group sizes

Large companies tend to use larger buying committees

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Simon Jones, Destrier

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Kathleen Booth, Pavilion

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Grant McDougall, BlueOcean

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Millie Beetham, ZoomInfo

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Ken Lempit, SaaS Backwards Podcast & Austin Lawrence Group

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Joe Kevens, B2B SaaS Reviews

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Evan Huck, UserEvidence

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Rebecca Stone, Cisco

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Darren Fanton, ScreenSpace

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Trinity Nguyen, UserGems

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Allyson Havener, TrustRadius

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Krysten Connor, ex-Salesforce, Tableau, Outreach

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Top 10 Takeaways from the 2024 B2B Buying Disconnect

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Trusted Insights for tailoring your GTM to brand-led growth (BLG)

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Feel free to customize and share these social posts to spread the insights from our research report and engage with your audience effectively. You can pair with a social graphic, or data asset, or write your own post entirely! We love seeing our data in the wild. Just be sure to tag TrustRadius or mention #B2BDisconnect.

 

Just learned from the latest B2B Buying Disconnect report from @TrustRadius that short lists are shrinking and 78% reported selecting products they had heard of before even starting the research process. Of those, 71% of buyers reported going with their top choice. Brand awareness is mission-critical. What do you think? 📈🤔 Read the full report: https://bit.ly/B2Bdisconnect #B2B #TechBuying #BrandAwareness #YearoftheBrandCrisis 

 

The new B2B Buying Disconnect report from @TrustRadius shows that buying groups are stabilizing—96% have five or fewer members, and 53% include a C-suite executive. Understanding this could really help in tailoring our pitches to the right decision-makers. 👥💼 Read the full report: https://bit.ly/B2Bdisconnect #B2B #TechTrends #BuyingGroups

 

Interesting find from @TrustRadius’ latest B2B Buying Disconnect report: vendors are allocating 38% of their marketing spend to brand awareness but 53% to demand generation. This shift could influence how we prioritize our own marketing efforts. 💡📊 Read the full report: https://bit.ly/B2Bdisconnect #BrandAwareness #DemandGen #YearoftheBrandCrisis

 

Wow, the use of analyst reports in tech buying has hit a historic low of 16%, according to TrustRadius’ 2024 B2B Buying Disconnect report. This trend suggests a significant shift in how buyers research product information. 📉📚Read the full report: https://bit.ly/B2Bdisconnect #TechBuying #MarketTrends

 

According to the latest B2B Buying Disconnect report from @TrustRadius, 47% of enterprise buyers wish the tech buying process made it easier to calculate ROI. This highlights a major opportunity for vendors to not only simplify ROI calculations but to provide them by industry, company size, and use case early in the decision making process. 💼📈 Read the full report: https://bit.ly/B2Bdisconnect #EnterpriseTech #ROI

 

86% of enterprise technology buyers shortlist products they’ve heard of before starting their research, says the new B2B Buying Disconnect report from @TrustRadius. This emphasizes the importance of brand awareness in the early stages of the buying process. 📋🔍Read the full report: https://bit.ly/B2Bdisconnect #B2B #TechBuying #MarketResearch #YearoftheBrandCrisis

 

Just read that 87% of technology buyers complete their purchases within six months. That’s a short amount of time to make an impact on deal cycles! Not to mention when you factor in buying group indecision or deal stall. The latest B2B Buying Disconnect report from @TrustRadius offers great insights into how we can adapt to these quicker timelines and reduce perceived risk amongst the buying group. ⏱️🚀Read the full report: https://bit.ly/B2Bdisconnect #TechBuying #B2BBuyingBehavior #B2BMarketing #B2BSales 

 

Technology buyers are increasingly relying on their own experience, with fewer resources being used overall. The latest B2B Buying Disconnect Report from @TrustRadius has some fascinating details on this trend and what it means for the industry. 🧠📉Read the full report: https://bit.ly/B2Bdisconnect #B2B #TechBuying #MarketTrends

 

Surprised to see in @TrustRadius’ 2024 B2B Buying Disconnect Report that 56% of buyers (71% of enterprise buyers) seek peer conversations in the buying process, but vendors think it’s only 34% of buyers. This discrepancy highlights how critical peer insights are in the decision-making process and how vendors are missing an area of opportunity. Lean into conversations around your brand with great tips from this year’s report. 👥💬Read the full report: https://bit.ly/B2Bdisconnect #PeerReviews #PeerConversations #TechBuying 

 

According to the latest B2B Buying Disconnect Report from @TrustRadius, price is still a priority for technology buyers—66% (58% of enterprise buyers) choose products that offer the best price for their needs. 💰📊Read the full report: https://bit.ly/B2Bdisconnect #TechBuying #B2B

 

Just learned from @TrustRadius’ 2024 B2B Buying Disconnect report that 73% of technology buyers believe that they regularly or sometimes see fake reviews online. This indicates that review sites themselves play a vital role in combating fraud and building buyer trust. 🤔🥷Read the full report: https://bit.ly/B2Bdisconnect #reviewsites #fraudulentreviews #B2BReviews

Methodology

Data for the TrustRadius 2024 B2B Buying Disconnect Report was sourced from the TrustRadius global network via an online survey.

In March 2024, we sent online surveys to professionals who were involved in a software or hardware purchase for their organization in the past year. In April 2024, we sent a separate survey to members of go-to-market teams for technology vendors. We received complete, verified responses from 2,164 technology buyers and 243 technology vendors.

All respondents were offered a nominal incentive ($10 gift card) as a thank-you for their time. We’ve included information below on the demographics of our survey respondents.

For a full list of survey questions and answer choices, or if you have any questions about the data, email us at research@trustradius.com.

About TrustRadius

TrustRadius is a buyer intelligence platform for business technology. We enable buyers to make confident decisions, through comprehensive product information, in-depth customer insights, and peer conversations. We help technology brands capture and activate the authentic voice of customers to improve their products, build confidence with prospects, and engage in-market buyers to improve ROI. Founded by successful entrepreneurs and headquartered in the technology hub of Austin, Texas, TrustRadius is backed by Mayfield Fund, LiveOak Venture Partners, and Next Coast Ventures.

About Pavilion

Unlock your full professional potential—join more than 10,000 of your peers in the world’s largest private community for GTM leaders and their teams.

Achieving success as a GTM executive has never been more challenging. Pavilion provides its members with the skills, tools, and resources needed to advance
in their careers, along with a global community built on the values of kindness and reciprocity. With thousands of members across 450+ cities around the world, you’ll never have to go it alone.

Join Pavilion to gain access to our private Slack community, local chapters and events, 50+ Pavilion University courses and schools, a Knowledge Hub, jobs board, conferences and summits, 1:1 matchmaking, and more. Wherever you are in your B2B SaaS career, Pavilion has the tools to support your path. We’ll partner with you from the beginning and ensure you get what you need to make an impact at every stage of your journey. Pavilion is where transformation happens— personally and professionally.

Contact Us

For media inquiries, to request a quote from a TrustRadius leading research expert, or for special appearances on webinars, podcasts, or at events, please email hello@TrustRadius.com and we will be in touch shortly!