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Procurement Market Intelligence Report

Data Archiving & Storage Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Data Archiving & Storage Services?

What is the average price of Data Archiving & Storage Services?

This procurement report includes pricing information to help you purchase Data Archiving & Storage Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Data Archiving & Storage Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Data Archiving & Storage Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Data Archiving & Storage Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Data Archiving & Storage Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Data Archiving & Storage Services?

ProcurementIQ estimates that there are about 9,800 firms providing data archiving and storage services in 2018. Suppliers face low geographic barriers, affording them an expansive geographic reach. As a result, buyers have a large number of vendor options, increasing their leverage over suppliers. However, despite the large number of competitors,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Price

What is the reasoning behind the pricing model you plan to apply to my service? Would you consider applying any other pricing models to my project?

Are there any additional charges I should be aware of that are not included in your price that I may incur throughout the duration of your service?

Are there any fees associated with the retrieval of my archived data?

Are there any opportunities for volume discounts?

Relationship with the Buyer

How long have you served your longest serving client?

What are the strongest incentives buyers have for securing long-term, repeated business with your firm?

What is the biggest reason that clients decide not to seek repeat business with your company?

What do you see as the most significant benefits or challenges of developing long-term relationships with clients?

Security

What measures do you take to secure your clients’ data? What encryption methods do you use to protect your clients’ data?

Can you describe the last time the security of your archives was compromised? How long did it take you to realize your security was compromised? What measures did you take to resolve this breach?

How will you ensure our data is secure enough to meet regulatory standards?

Do you compensate your clients for any fines or penalties they may incur if your services do not meet regulatory requirements?

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Key elements for every RFP

What should my Data Archiving & Storage Services RFP include?

Project Budget

Buyers should state the type of pricing model they prefer to use.

Buyers should specify their budget for data archiving and storage services.

Buyers should indicate when payment will occur. For example, buyers should state whether they will pay over the length of the contract or pay up front.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should heavily consider the relevant experience of a supplier.

Buyers should weigh the proposed strategy of each supplier and ensure it fits best with their company goals.

Buyers should evaluate the level of customer service of a supplier, which can be assessed through past client references.

Buyers should consider what other related services a supplier can offer, as this varies widely across the market.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers need to include the date when proposals are due and when the award will be announced.

Buyers should outline the timeline for implementation of services.

Buyers should include the date of the beginning of services, and any options for the renewal of services.

Evaluate major factors to mitigate risk

How risky is the Data Archiving & Storage Services supply chain?

The upstream supply chain risk for data archiving and storage services is low, posing minimal risk to buyers. Strong demand for manufacturers of computers and computer peripherals, as well as for providers of electricity services, has ensured the continuity of key suppliers within the supply chain. Also, saturation within these... Subscribe to learn more.

HIGH

MEDIUM

LOW