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The security software prices will increase by 2%-4% during the forecast period and suppliers will have a moderate in this market. McAfee Corp., FireEye Inc., CrowdStrike Holdings Inc., ThreatConnect Inc., and Gigamon Inc. are among the prominent suppliers in security software market.
- Top-line growth
- Scalability of inputs
- Category innovations
- Supply base rationalization
- Demand forecasting and governance
- Minimalization of ad hoc purchases
- Adherence to regulatory nuances
- Cost savings
- Customer retention
- Reduction of TCO
- Minimalization of ad hoc purchases
- Green initiatives
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SpendEdge has identified that in the Security Software Procurement Market, the pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for security software with the wider industry and identify the cost-saving potential.
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