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Procurement Market Intelligence Report

Foreign Language Training Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Foreign Language Training Software?

What is the average price of Foreign Language Training Software?

This procurement report includes pricing information to help you purchase Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training 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 Foreign Language Training Software?

Market share concentration in the foreign language training software market is moderate, with the four largest market providers accounting for about 40.0% of revenue in 2019. About 60 vendors operate in the US market, including specialized providers and multiline providers. The market for foreign language training software is moderately... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Cloud Computing

How do your SaaS offerings compare to your on-premise offerings?

What cost savings does cloud-based software provide compared to solutions that are installed on buyers' computers or other devices?

Where are your servers located?

How often do your clients using the SaaS delivery model experience slowdowns due to connection problems?

Competition

How do you compete with freeware versions of foreign language training software?

How do you compete with alternatives such as language schools?

How do you attract programming talent? How do your programmers set you apart from your competitors?

What is your reputation among suppliers? What is your reputation among buyers?

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Key elements for every RFP

What should my Foreign Language Training Software RFP include?

Project Budget

Buyers should state the expected budget for foreign language training software.

Buyers should describe any preferred terms they have for invoicing and payment.

Buyers should refer to the Benchmark Price section of this report to determine whether they are paying a competitive price for the software.

Selection Criteria

Buyers should evaluate the foreign language training software based on the features it offers.

Buyers should consider how easy it is to use the foreign language training software.

Buyers should evaluate the software based on its accessibility.

Buyers should reference the Buying-Decision Scorecard section of this report for detailed descriptions of additional selection criteria.

Project Schedule

Buyers should state the final submission date for proposals.

Buyers should include the date by which the software must be fully implemented in their operations.

Buyers should include the date that providers will be notified about contract awards.

Buyers should disclose how long they expect the contract to last, if applicable.

Evaluate major factors to mitigate risk

How risky is the Foreign Language Training Software supply chain?

Supply chain risk for the foreign language training software market has been low in the three years to 2019. This level of risk boosts buyer power because it means that providers are less likely to experience upstream disruptions that increase their operating expenses. Consequently, providers are often more willing to... Subscribe to learn more.

HIGH

MEDIUM

LOW