Learn about actual and potential costs
How much should I pay for E-Discovery Software?
What is the average price of E-Discovery Software?
This procurement report includes pricing information to help you purchase E-Discovery 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 E-Discovery 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 E-Discovery 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 E-Discovery 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 E-Discovery 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 E-Discovery Software?
The e-discovery software market displays a low level of concentration, with the four largest vendors accounting for less than 30.0% of total market revenue. ProcurementIQ estimates that in total about 660 suppliers of e-discovery software operate in the domestic market. The e-discovery software market is highly fragmented as a... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you monitor changes in corporate profit? How have these changes affected demand for your software?
How has your company capitalized on the growth of internet traffic? How do you intend to meet demand as this figure grows during the next three years?
How have changes in private investment in computers and software affected your operations in the past three years?
Do you notice changes in demand due to business bankruptcies and initial public offerings? How does the changing business landscape open up more opportunities?
Do you monitor changes in technology and adapt accordingly? Can you give examples?
What sets your e-discovery software apart from the software solutions offered by your competitors?
Has your firm completed any acquisitions in the past three years? If so, how did this expansion affect your business model?
How do you ensure that clients seek renewal of their contracts? What is your client retention rate?
Does the medium of communication affect the software's ability to function?
What quality control processes have you implemented to improve the retrieval of relevant information?
How do you measure overall performance? How does this measure change with the increasing volume of data in use?
What security measures have you developed to protect your clients' data and ensure its preservation?
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Key elements for every RFP
What should my E-Discovery Software RFP include?
Buyers should disclose their budget for purchasing e-discovery software.
Buyers should state their preferred terms regarding invoicing frequency and payment methods.
Buyers should indicate whether they wish to bundle other services with their software purchase to achieve a discount.
Buyers should reference the Benchmark Price section of this report to confirm that they are paying a competitive price for their e-discovery software.
Buyers should evaluate providers based on the technology of their software.
Buyers should take into account providers' experience during the selection process.
Buyers should evaluate the breadth of services providers offer.
Buyers should consider providers' reputations.
Buyers should refer to the Buyer-Decision Scorecard section of this report for additional information about selection criteria.
Buyers should include the date by which vendors must submit their proposals for consideration.
Buyers should indicate they expect the e-discovery software to be implemented in their operations.
Buyers should give the date that vendors will be notified about contract awards.
Buyers should state how long they wish the service contract to last, if applicable.
Evaluate major factors to mitigate risk
How risky is the E-Discovery Software supply chain?
Supply chain risk for the e-discovery software market has been low in the three years to 2018. This level of risk boosts buyer power because it means that providers are unlikely to experience supply chain disruptions that would prompt them to increase the price of their software. Supply chain... Subscribe to learn more.