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Procurement Market Intelligence Report

Data Recovery 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 Recovery Services?

What is the average price of Data Recovery Services?

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

The top four vendors account for less than 30.0% of market revenue, which indicates a low market share concentration. The market is highly fragmented due to low barriers to entry as well as a high availability of substitutes in the market. Numerous vendors operate privately on a local basis and... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Security

Once the data is recovered, what measures are in place to ensure that it does not get into the wrong hands?

How have you reduced the risk of any sensitive data from a client been stolen during the recovery process?

What type of compensation or insurance do you offer in the case of data theft?

How do you ensure that my data is permanently deleted from your storage devices after a project is completed?

Budget

What cost-saving measures do you employ at your firm?

Who is in charge of maintaining the budget on projects? Is it someone on the key team, or an outside eye?

Have you ever had challenges with costs beyond what was budgeted in your contract?

Do you offer discounts for bundled services, and if so, what are the terms?

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Key elements for every RFP

What should my Data Recovery Services RFP include?

Project Budget

Buyers should describe their payment structure (e.g. daily, hourly, upon completion of terms).

Buyers should request detailed cost breakdowns for various types of services that will be provided.

Buyers should clearly indicate the terms for travel compensation.

Selection Criteria

Buyers should evaluate suppliers based on the viability of their submitted work plan, personnel qualifications and past work experience.

Buyers should request references from current and former clients.

Buyers should also evaluate suppliers based on cost.

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

Project Schedule

Buyers should outline the timeline, tentative schedule and process for the RFP and project.

Buyers should outline when proposals must be submitted.

Buyers should communicate to prospective suppliers when bid awards will be posted.

Buyers should list the expected start date once a supplier is chosen.

Evaluate major factors to mitigate risk

How risky is the Data Recovery Services supply chain?

The supply chain risk for data recovery services is low. Suppliers in this market source their inputs from first and second tier upstream vendors, such as computer and electronics wholesalers and computer manufacturers. Although some risks affect the supply chain, these risks have a minimal effect on service prices or... Subscribe to learn more.

HIGH

MEDIUM

LOW