Learn about actual and potential costs
How much should I pay for Digital Stock Images?
What is the average price of Digital Stock Images?
This procurement report includes pricing information to help you purchase Digital Stock Images. 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 Digital Stock Images 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 Digital Stock Images 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 Digital Stock Images?
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 Digital Stock Images 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 ?
Market share concentration for digital stock images is medium. Of the estimated 26,100 market suppliers, the top four collectively hold between 30.0% and 50.0% of market revenue. In the three years to 2020, market share concentration has been steady, as major vendors have not been able to make significant gains... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Is your company at risk of bankruptcy?
How does your company drive sales when the economy is growing?
What proportion of your revenue comes from digital stock images?
How does your company respond to increases in the price of photography?
Would the bankruptcy or revenue volatility of any of your key clients or suppliers adversely affect your operations?
How do you win and retain business?
How do your stock images differ from those of your competitors?
How long has your company been involved in the market for digital stock images?
For suppliers that are not microstock websites: How is your company responding to increasing competition from low-price microstock websites?
What is the availability of your customer service staff?
Do you offer advice to your customers about which images they should purchase?
Have you had any major complaints from customers in the past? How did you respond?
How do you measure customer satisfaction? How do you use these measures to analyze and improve your processes?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should specify their total budget allotted for digital stock images.
Buyers should quantify how many images they intend to purchase with their budget.
Buyers should evaluate a supplier's level of experience.
Buyers should evaluate whether a supplier has an image portfolio that matches the desired photographic style.
Buyers should assess the project's likely cost.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers need to include the date proposals are due.
Buyers should provide information about any additional steps in the selection process, such as follow up interviews.
Buyers must relay the date they will make their final decision.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Digital stock image suppliers face low supply chain risk, which benefits buyer power by reducing the likelihood buyers will be unable to procure digital stock images. Many upstream suppliers face high competition. High competition hurts upstream suppliers by compelling them to lower their prices in order to remain competitive, making... Subscribe to learn more.