Learn about actual and potential costs
How much should I pay for License Management Software?
What is the average price of License Management Software?
This procurement report includes pricing information to help you purchase License Management 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 License Management 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 License Management 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 License Management 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 License Management 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 ?
The license management software market has a moderate level of market share concentration. The top four vendors (IBM, Oracle, Dell and Broadcom) account for an estimated 39.0% of total market revenue. These vendors are well established in multiple markets and are able to leverage their brand and reputation to attract... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you recruit and retain senior staff?
How do you keep your wage costs under control?
What are the various stages of your hiring process? What specialized skills do you require your employees to possess?
What is the average tenure of your employees? Do you have trouble with turnover?
What improvements are you currently planning? Do you have a calendar of future enhancements?
What new features/functionality have you added in the past year? What improvements do your customers request most frequently?
How often is maintenance performed? Are services disrupted during maintenance and how much notice is given for planned disruptions?
What is the size of your research and development budget?
What new products/solutions have you introduced to address issues brought on by the coronavirus pandemic?
How often are data and content backed up on your servers? What are your continuity processes for business interruptions?
What encryption standards do you use for data storage and transmission? Has your clients' private data ever been compromised? What is your data protection strategy?
Who has access to information and how are changes to solutions securely managed and audited?
What industry standards do you achieve and what third-party certification have you earned for your cloud environment? Has an independent audit been done on your environment?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for the software.
Buyers should request that vendors specify the cost of implementation.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should evaluate potential suppliers based on their ability to meet the functional and technical requirements described in the RFP.
Buyers should evaluate potential suppliers based on their ability to provide a superior level of customer service as evidenced by references.
Buyers should evaluate potential suppliers based on their ability to provide regular enhancements and upgrades.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date when proposals are due and when the award will be announced.
Buyers should include key benchmark dates, such as the date by which implementation of the new software system must occur.
Buyers should outline the terms of the contract and cancellation policy.
Evaluate major factors to mitigate risk
How risky is the supply chain?
License management software vendors experience minimal supply chain risks. The production of this software does not depend on key material inputs, but instead relies on the labor of software engineers. Due to the heavy reliance on labor to produce the software solution, tariffs do not impact the supply or price... Subscribe to learn more.