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Procurement Market Intelligence Report

Data Mining Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Data Mining Software?

What is the average price of Data Mining Software?

This procurement report includes pricing information to help you purchase Data Mining Software. 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 Mining Software 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 Mining Software 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 Mining Software?

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 Mining Software 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 Mining Software?

The data mining software market is composed of about 80 suppliers, made up of 50 vendors of proprietary software and about 30 different open-source software providers. The market exhibits a high level of market share concentration, with the top four vendors controlling about 56.0% of the estimated $806-million market. The... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How do you compete against open-source software?

Have any of your clients stopped using your product and switched to open-source software?

Has usage of your product increased or decreased in the past three years?

Do you replicate new open-source features in your own products? Why or why not?

Integration

Do you also offer data management or business analytics software?

Do you offer bundle discounts with other data products?

Is your software compatible with other companies' products?

Will running your software disrupt the activities of other programs?

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Key elements for every RFP

What should my Data Mining Software RFP include?

Project Budget

Buyers should specify their budget for the data mining software.

Buyers should request detailed information about available software delivery methods and costs.

Buyers can reference the benchmark price and total cost of ownership sections of this report for assistance with creating a budget.

Selection Criteria

Buyers should evaluate potential vendors based on their ability to meet the functional requirements described in the RFP.

Buyers should evaluate potential vendors based on their ability to provide a superior level of customer service.

Buyers should evaluate potential vendors based on their ability to provide regular enhancements and upgrades.

For a detailed list of key selection criteria, 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 include key benchmark dates, such as the date by which software demonstration should be booked.

Buyers should outline the terms of the contract and their cancellation policy.

Evaluate major factors to mitigate risk

How risky is the Data Mining Software supply chain?

Supply chain risk for data mining software developers is low, meaning that buyers face little risk of sudden input price spikes or service interruptions. Labor as a share of revenue, the main input cost in software development, has been in a steady state of growth due to high competition among... Subscribe to learn more.

HIGH

MEDIUM

LOW