Content essentials for technology buying teams
Transcription
Content essentials for technology buying teams
Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement Key takeaways Contact us 2013/2014 TechTarget Media Consumption Research Brief Content essentials for technology buying teams worldwide How buyers are dictating content marketing and sales strategies globally APAC Edition A B B A vs . vs . vs . A B Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement Key takeaways Contact us Content essentials for technology buying teams worldwide Identifying the needs and demands of APAC technology decision makers for effective content marketing Just like those in North America, Europe and Latin America, IT departments in APAC are tasked with the responsibility of conducting research, evaluating vendors and selecting the solution that will best satisfy their organization’s needs. While the region has always been seen as a face-to-face culture when it comes to business engagements, technology buying teams have become more reliant on digital content and media, including white papers, case studies and online videos, to effectively compare vendors and gain information on the solutions that best solve their technology problems. As buyers arm themselves with the right tools and information to make more educated decisions, buy cycles are rapidly accelerating across the APAC region, and both local and global marketers need to make sure their content marketing strategy is keeping pace with the needs of these well-informed buyers. About the study Content essentials for technology buying teams worldwide aims to provide marketers with a complete understanding of how technology buying teams from different regions of the world consume content and expect to engage with technology vendors during the research and purchasing process. This research brief features the data and openended responses collected from technology buyers in Australia and New Zealand, Association of Southeast Asia Nations (ASEAN), China, India and Japan. Each highlight from the study includes in-depth and suggested best practices for marketers to leverage in their future strategies. This research brief is the APAC edition of the global report presenting aggregate results for technology buyers in North America, EMEA, APAC and Latin America. Download the global report. Highlights from this study include: • Technology buying teams frequently include a variety of titles and geographically dispersed members. • The project research and decision making process is moving rapidly for both established and emerging markets. • The need for both vendor and third-party content for a complete perspective. • The variety of media types required to move through the buy cycle. • The influence of face-to-face events among APAC technology buyers. • The information that technology buyers and vendors need to know about each other prior to engagement. This research brief does not include every question that was asked in our survey. To receive the full report data, please contact the TechTarget Market Research Team. TechTarget’s Media Consumption Report Published annually since 2008, TechTarget’s Media Consumption Report is recognized as an authoritative resource for examining global content marketing trends and investigating the research and purchase behaviors of technology buyers. Past reports can be found at www.techtarget.com/research. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement Key takeaways Contact us Study demographics ANZ ASEAN China India Japan Regional breakdown Regional breakdown Company size Company size Company size Australia: 78% Singapore: 29% Small: 20% Small: 16% Small: 21% New Zealand: 22% Malaysia: 27% Midsize: 24% Midsize: 40% Midsize: 35% Philippines: 24% Large: 56% Large: 44% Large: 44% Indonesia: 11% Company size Small: 36% Midsize: 25% Company size Large: 29% Small: 18% IT Management: Midsize: 31% Senior IT Management: 20% Senior IT Management: 11% Senior IT Management: 2% Large: 61% Senior Non-IT Management: Senior Non-IT Management: Industries Job titles Job titles IT Staff: 19% IT Management: 21% Job titles Senior IT Management: 7% IT Staff: Senior Non-IT Management: 7% Industries IT Staff: 46% 9% IT Staff: 16% IT Staff: 36% IT Management: 22% IT Management: 23% 4% Industries 28% Financial: 11% Education: 7% Senior IT Management: 10% Manufacturing: 11% Financial: 5% Senior Non-IT Management: Telecommunications: 7% Government: 4% Government: 5% Manufacturing: 3% Total respondents 203 Total respondents 276 IT Management: 5% 10% Education: 10% Industries Government: 9% Financial: 15% Telecommunications: 7% Education: 10% Manufacturing: 10% 168 11% Job titles 18% Financial: Total respondents Job titles Government: 6% Total respondents 133 Industries Manufacturing: 13% Retail/Wholesale: 10% Telecommunications: 4% Publishing/Media: 3% Total respondents 137 Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events APAC technology buying teams expand internationally in most countries The responsibility of researching and comparing technology vendors and solutions that will best satisfy the needs of an organization is not assigned to a single person. Various members of the IT organization consider themselves to be decision-makers, influencers, or implementers and collectively, determine the most appropriate solution for their technology needs. In AsiaPacific countries, most technology buying teams consist of 5 or more members. In ASEAN and India specifically, many teams consist of 10+ members. As buying teams in APAC grow in size, they also are expanding and including members from different geographies. The majority of technology buying teams in Australia/New Zealand, ASEAN, China and India include members from different geographies for many of the organization’s large-scale projects and roll-outs. A major exception is in Japan where buying teams often include more than 8 centrally located members, with few members in other regions. Technology buying teams are expanding beyond Asia-Pacific Other than Japan, the majority of technology purchases in APAC are made by members from different geographies 60 % Vendor engagement Key takeaways Contact us What does this mean for you? The demand for content is coming from all directions, customize it accordingly With more than 5 members of an organization involved in the process of researching and comparing vendors, the need for information is greater than it has ever been before. Similar to the rest of the world, APAC buying teams include members with various titles, roles, and have different preferences when it comes for technologyrelated content. You will need to produce various content assets that speak to each persona and member. Global organizations have global decisionmakers If all of your prospects from a single account are sourced from one location, you may be missing a significant piece of the decisionmaking puzzle. Before passing leads to sales, look closely at the account and see if they have multiple locations. If so, you will want to identify the decision-makers in those locations so you can pass along complete, well-informed decision-making teams for the most effective follow-up. Multi-regional content efforts must include consistent messaging to be effective To maximize influence with multi-regional buying teams, it is key to maintain consistent messaging and themes as you expand content and marketing efforts to different regions. Also, be sure to localize content as needed to better engage in-country buyers. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement 73% of technology buyers in Australia/New Zealand are making their purchase decision in 6 months or less, while 40% of Chinese and 55% of Indian buyers are completing their buy cycles in 3 or less months. In Japan and ASEAN, decisions are made slightly longer than the other regions but still within the accelerated time frames. APAC buyers are accelerating their buy cycles ANZ, Chinese and Indian buyers are making technology purchases in 6 months or less Awareness Consideration Decision ANZ ASEAN China India 70 40+% % off IIndian ndian an and Chinese research processes are 3 months or less Japan 6 months Contact us What does this mean for you? The technology buy cycles in APAC have accelerated and are on pace with those in North American and EMEA In more mature IT markets such as North America and EMEA, the standard amount of time it takes technology buying teams to effectively build a solution landscape, identify the key vendors and build a short-list is 6 months or less from identifying the original technology problem. Because information is more readily available online across APAC for buyers to conduct their research without engaging with vendors, buying teams in this region are now making purchase decisions at the same accelerate pace as EMEA and North American buyers. Key takeaways Guide your prospects with content, not sales reps Increasing their use of online sources of information such as vendor and publisher websites, technology buying teams are able to acquire the insight and details necessary to conduct their research without engaging with sales representatives. The research and purchasing process is fueled by the content that buyers consume to get a better understanding of what solutions best satisfy their needs and will gauge how receptive they are to engaging with vendors. Be sure your follow-up strategy provides multiple content assets and useful information to allow your prospects move through the buy cycle. Nurture APAC prospects at same rate as those in North America and EMEA It is time to stop generally labeling the APAC market as emerging or marketing to technology buyers in this region differently than those in North America and Europe. Buyers in many of the Asia-Pacific markets are conducting their research the same way, and at the same rate, as those in the more established markets. If you are running a worldwide campaign, make sure your nurturing streams are similar. Buyers in every region are leveraging online sources of information and content to guide through the buy cycle quickly; make sure you are keeping pace with every one of them. Content essentials Global study demographics Team-driven research approach Independent research process Content Contence dependence dependence Media type preferences Face-to-face events buyers in APAC consume content that is created by both third-party experts and vendors as each provide the information required to gain a complete perspective of what solutions are currently available to buyers. Third-party content is viewed as a good source when buyers are seeking unbiased opinions on the current solution landscape and vendor content for pricing and implementation details. While there is a strong affinity for vendor content among Japanese buyers, many APAC buying teams are guided by a consumption of third-party and vendor-produced content Third-party content Vendor content Solution landscape vs . A B Technical details Unbiased comparisons Solution features Implementation tutorials 66 % of buyers require 4+ pieces of content to build short-list. Half of those requiring 8+ Key takeaways Contact us What does this mean for you? APAC buyers leverage content from both third-parties and vendors to gain a complete perspective of solutions In order for technology buying teams to effectively identify the right solution and vendor for their organization, each member seeks out multiple pieces of content to conduct their research. For 66% of buying teams in APAC, each member requires 4 or more pieces of content in order to effectively build a vendor short-list for the organization. 28% of buyers in India and 23% of buyers in China require 10 or more pieces of content. While 40% of Japanese buyers prefer to consume vendor-produced content, the majority of technology Vendor engagement Pricing information Create content that fills the gap left by third-party content Third-party content can provide very useful information for APAC buyers to conduct research and evaluate vendors but it does not provide all the information required to make a well-informed decision. Vendor content is very useful for buyers because it can provide technical, implementation, and cost information not featured in third-party content. Be sure to develop content that provides and emphasizes this information as buyers move through the buy cycle. Leverage more vendor content for Japanese buyers Similar to the other regions in APAC, Japanese buyers each consume a minimum of 4 pieces of content to build their shortlists. However, they have a higher preference towards vendor-produced content than any other region. When targeting Japanese buyers, be sure to increase your portfolio and develop a wide variety of content pieces and themes for all members of the buying team. Use third-party content to your advantage Knowing that IT buyers view third-party content to research solutions and evaluate vendors can work to your advantage. Increase your chances of making buyer short-lists and associate your brand with trusted third-party expertise by sponsoring these highly valued content types. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement the process of evaluating vendors. For buyers in ANZ, ASEAN and India, vendor comparisons are considered to be most effective here, where webcasts are preferred among Chinese buyers and trial downloads for buyers in Japan. Infographics are also found effective in the middle stages for Chinese and Indian buying teams. In the final stage, trial downloads are effective for buyers in ANZ, China and Japan to build their shortlist and make a purchase decision. ASEAN and Indian buyers prefer to leverage vendor comparisons during this stage. All APAC buyers consume product literature, white papers, and case studies throughout the buy cycle Some countries have different preferences for media types based on stage Consideration White papers Case studies Product literature Online videos White papers Case studies Product literature Trial downloads Case studies Product literature A . White papers Decision vs Awareness Contact us What does this mean for you? APAC buyers consume a variety of media types in different stages of the buy cycle Similar to the rest of the world, APAC buyers find product literature, white papers, and case studies to be the most effective media types in all stages of the buy cycle. However, there are media types that are found to be most effective in certain stages of the process. In the early stage, when buying teams have just identified a technology problem and are looking to understand the current marketplace, buyers in every region of APAC find online videos to be among the most effective media types. During the middle stages, buying teams have begun Key takeaways B Vendor comparisons Media is only as good as the information it provides While IT buyers have preferences towards specific media types based on their stage of the buy cycle, the type of media is only effective if the information that it features is relevant to their research. Be sure that any media type you use provides the insight and details IT buyers want and require; or they will turn to other vendors that provide it. Leverage streaming media and visual assets to quickly broadcast message Online videos, webcasts, infographics and blogs are effective ways to engage APAC prospects quickly while you are producing detailed content such as white papers and case studies; just be sure to keep them brief and relevant. Most APAC buyers consume webcasts, preferably on-demand, that are 30 minutes or less and online videos under 15 minutes in length. Japanese buyers prefer webcasts be shorter than 20 minutes and videos to be less than 10 minutes. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events is useful in all stages of the buy cycle, but is seen as most effective during the middle stages. For Indian and ANZ buyers, face-to-face events are most effective during the late stages when compared to other sources of information. 63% of Japanese buyers find face-to-face events to be the most effective source of information in early stages of the buy cycle. Face-to-face events are effective across APAC In the different APAC regions, the level of effectiveness and time of use varies Hot Warm Key takeaways Contact us What does this mean for you? Buyers across APAC leverage face-to-face events during different stages of the buy cycle Online information sources such as search engines and IT-related publisher websites; as well as the consumption of media types like webcasts and videos has allowed technology buyers to effectively move through the buy cycle. Even with this growing trend, there continues to be a demand for face-to-face events for buyers across Asia-Pacific. However, the level of effectiveness and the stage in which these topically-aligned events are utilized varies among the different APAC regions. For ASEAN, as well as Chinese buyers, the valuable information provided during a topically-focused event Vendor engagement Cold Stages of the buy cycle ANZ India China ASEAN Japan Late 21% 24% 23% 21% 3% Middle 26% 29% 36% 35% 24% Early 28% 22% 22% 29% 63% Sponsor topically-align events to engage the right prospects in APAC Face-to-face events are a great way to present your brand and message to prospects, as long as it topically relevant. Identify events that are most aligned to your brand, and present your solution to an active, highly-engaged audience of technology buyers and their team members. Understand the buy cycle stage of face-toface event attendees and plan follow-up strategy accordingly Buyers in different regions of APAC attend face-to-face events at different stages of the buy cycle. Therefore, there are different follow-up strategies when contacting the attendees from your sponsored event. For buyers in Japan, they are most likely in the early stage or entering the middle stages of the buy cycles after attending so followup with relevant content and not sales representatives. For Indian and ANZ buyers, attending an event may indicate that the buyer is in the late stage and therefore, may be more receptive to sales follow-up. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events buyers want to know the cost of the product prior to engagement. Just as buyers seek out information on vendors prior their first engagement, they also expect vendors to have information on them as well. ANZ, ASEAN and Japanese buyers believe the most effective discussions occur when the sales reps can provide insight on effective adoption and implementation methods. For Chinese and Indian buyers, the most effective engagements are those that present competitive differentiators. APAC buyers expect vendors to understand their needs and interests prior to engagement A. Competitive differentiation Success stories of adoption methods Benefits of your product Cost of your product Key takeaways Contact us What does this mean for you? APAC buyers demand well-timed engagements with well-informed vendors With the wealth of information readily available online, buyers have the ability to dictate when they would like to discuss their technology needs, as well as the topics of the conversation with vendors. Similar to the rest of the world, buyers in all APAC regions are most receptive to engaging with sales reps from technology vendors once they have obtained some information about the vendor and their solution. While ANZ, ASEAN, Chinese and Indian buyers prefer to understand the benefits that the vendor’s solution brings to all parts of the organization, most Japanese Vendor engagement B. Products that are C. Effective methods of implementation currently installed A B C Develop content with themes that will influence buyers Before engaging with any sales reps, buyers want enough information about you and your solution, so make sure you provide it. Your content, in any format, must nurture prospects with the technical information, implementation insights and comparative information IT buyers prefer to know in preparation for their first engagement with sales. Without providing this information, your sales teams’ engagement attempts will fail and opportunities will be lost. Identify when prospects are ready to engage with sales Monitoring the information your prospects are consuming can alert you to when they are ready for sales engagement. If a prospect has consumed content assets that feature comparative insights, technical details or cost information, they will be most receptive to sales engagement. Equip your sales teams with the information required for effective engagements The first engagement between your sales rep and the buying team must be as productive as possible. Make sure your sales teams have the full profile of the buying team and their specific interests. Information about the other vendors they may be considering and recent success stories will help sales make the most out of the opportunity. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement Key takeaways Contact us Key takeaways Maximizing the impact of content marketing and sales strategies across Asia-Pacific Technology buying trends in APAC are in line with North America and EMEA The issues that technology buyers face, as well as the need to conduct research and evaluate vendors through content that is readily available online, is a global trend. IT organizations in APAC, Latin America, North America, and Europe all rely on the relevant content that is available to them through various online information sources to make a well-informed technology purchase decision. Produce content for all members of large, geographically-dispersed buying teams Across all regions of APAC, technology purchase decisions are being made by multiple members of the IT organization. In ASEAN and India, teams involved in the process of identifying the right vendor to meet their technology needs can exceed 10 members. While buying teams in Japan most often reside in their own country, the majority of APAC buying teams include members located in different geographies. Because of this, marketers must evaluate their prospecting and nurturing strategies to ensure they are influencing the decisions of all members involved in the decisionmaking process and identifying those members that may be conducting research in other territories. Buy cycles in APAC have caught up to those in North America and EMEA For buyers in ANZ, ASEAN, China and India, the amount of time for technology buying teams require to fully understand the nature of their technology problem, research possible solutions and vendors and build their vendor short-lists is 6 months or less. Now APAC buying teams are accelerating through the buy cycle at the same rate of the more established markets. Marketers need to ensure they are continuously influencing these decisions through the use of content as guide for buying teams during the process. Content quality is more important than source or media format for APAC buyers Constantly seeking relevant content to make wellinformed decisions, APAC buyers are not concerned with the source of the content and the media format in which it is presented. Buyers will consume content that is produced by both third-parties and technology vendors as long as the information it provides is relevant and helpful in the research process. APAC buyers are also willing consume a variety of media, from detailed white papers to casual blogs and videos, so marketers must leverage all media types to ensure their message is constantly presented to all buyers as they move through the buy cycle. Face-to-face events are effective information sources for APAC buyers, but the stage varies There continues to be a need to attend face-toface events that are contextually-relevant for buyers across APAC in different stages of the buy cycle. For marketers, be sure to leverage these events as a way to get in front of buyers across the APAC region. In different regions across APAC, attending a face-to-face event gives a different indication in which stage of the buy cycle they are in and what the appropriate followup strategy should be. Identify when prospects are ready to engage and what the focus of the discussion should be With much of their research conducted independently and without many conversations directly with vendors, buyers expect their first engagement—whether it’s by phone, email, or face-to-face—to be as productive as possible. Your sales reps need to research each prospect thoroughly and understand the implementation and adoption methods that they would need to consider if selecting your solution as well as who are the other vendors they are considering to have an effective, successful engagement. Content essentials Global study demographics Team-driven research approach Independent research process Contence dependence Media type preferences Face-to-face events Vendor engagement Key takeaways Contact us Contact Us About TechTarget Resources for marketers We did not include every question and response from our study in this report. For the purposes of this report, we have focused on the most important takeaways. However, we can share the full report data upon request. To read the global report, click here or visit www.techtarget.com/resources. TechTarget is the online intersection of serious technology buyers, targeted technical content and technology providers worldwide. Our extensive network of online and social media, powered by TechTarget’s Activity Intelligence™ platform, redefines how technology marketers view and engage technology buyers based on their active projects, specific technical priorities and business needs. With more than 100 technology-specific websites and a wide selection of custom advertising, branding, and lead generation solutions, TechTarget delivers unparalleled reach and innovative opportunities to drive technology marketing success around the world. A compilation of best practices and white papers, market research reports and ROI driven case studies, TechTarget’s Resources for Marketers provides technology marketers the information and insight they need to enhance their strategies: • Understand international IT buyers and how to enter global markets effectively • Uncover where IT budgets are being allocated year by year • Discover the latest strategies your marketing peers have leveraged to deliver higher-quality leads • And much more For more information about this study and to receive a copy of the full report data, please contact The Market Research Team. TechTarget is based in Boston and has locations in Atlanta, Beijing, Cincinnati, London, Munich, Paris, San Francisco, Singapore, and Sydney. For more information, please visit: www.techtarget.com. Visit www.techtarget.com/resources and understand the IT buying market and how to appropriately engage with IT audiences worldwide for optimal ROI.