Vendor selection
We've curated 6 cybersecurity statistics about Vendor selection to help you understand how businesses are choosing partners effectively to mitigate risks and enhance security posture in 2025.
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32% of successful Canadian software buyers checked encryption standards of vendors before purchase.
Successful Canadian software adopters typically complete vendor selection in about three months, while disappointed buyers take four to five months.
99% of satisfied Canadian software buyers narrowed their choices to five vendors or fewer, compared to 90% of disappointed buyers.
49% of successful Canadian software buyers paid close attention to a vendor’s history of breaches or attacks before purchase.
41% of successful Canadian software buyers considered patching and update practices before purchase.
38% of successful Canadian software buyers evaluated a vendor's reputation for incident response before purchase.