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Procurement Market Intelligence Report

Data Privacy Consulting 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 Privacy Consulting Services?

What is the average price of Data Privacy Consulting Services?

This procurement report includes pricing information to help you purchase Data Privacy Consulting 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 Privacy Consulting 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 Privacy Consulting 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 Privacy Consulting 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 Privacy Consulting 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 Privacy Consulting Services?

In 2019, ProcurementIQ estimates that there are about 4,600 firms supplying data privacy consulting services in the United States. Collectively, the top four firms account for less than 30% of the market, indicating that the market has low concentration. Aside from requiring a moderate level of technical skills, data privacy... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Ongoing Staff Training

What training services do you provide your staff to ensure their expertise is relevant to the technologies and regulations affecting my industry today?

How does training affect your cost structure and prices?

How often do you update your staff on IT market trends?

Do you require your staff to obtain any certifications? If so, what are your criteria for determining which certifications they must obtain?

Relationship with Buyer

How long have you had your longest-served client?

What are the strongest incentives that 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 benefit of developing long-term relationships with clients?

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Key elements for every RFP

What should my Data Privacy Consulting Services RFP include?

Project Budget

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

Buyers should specify their budget for data privacy consulting services.

Buyers should inquire about other possible fees or expenses such as travel, lodging and materials.

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 each prospective data privacy consulting 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 each 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 industry.

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

Project Schedule

Buyers should include the date when proposals are due, dates for interviews and when the bid will be awarded.

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 Privacy Consulting Services supply chain?

The supply chain for data privacy consulting services carries moderate risk, which stems primarily from wired telecom providers. Wireless technologies have largely replaced wired communications, thereby driving down demand for wired communications carriers and forcing many vendors to exit the market. This downward demand trend puts wired telecom carriers and... Subscribe to learn more.

HIGH

MEDIUM

LOW