Learn about actual and potential costs
How much should I pay for Load Balancing Software?
What is the average price of Load Balancing Software?
This procurement report includes pricing information to help you purchase Load Balancing 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 Load Balancing 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 Load Balancing 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 Load Balancing 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 Load Balancing 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 ?
ProcurementIQ estimates that there are about 80 load balancing software suppliers in the United States. The top four firms account for a collective estimated 81.4% of the market, indicating a high level of concentration. Until recently, load balancing software could only be run on specialized load balancing hardware due to... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
What are the various stages of your hiring process? What specialized skills do you require your employees to possess?
How do you recruit and retain senior staff?
How do you keep your wage costs under control?
What has your turnover rate been in the past 12 and 24 months? How does your firm mitigate the risks of employee turnover?
How have you changed your service in response to customer complaints and suggestions?
Do you have a step-by-step process to handle client issues or complaints? What does that look like?
Do you offer 24/7 customer account and technical support services?
Do you have a user group and an online forum?
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? Will my service be disrupted during maintenance and how much notice will be given of planned disruptions?
What percentage of your customers use the most current release of your software?
Competition from Open-Source Software
What value does your software provide over open-source software?
Do you offer a free version of your software? What are its limitations?
To what degree is your software customizable?
How have your sales grown or fallen in the past three years?
Load Balancing Hardware
What value does your software provide over load balancing hardware?
Is your software a virtualized version of a load balancing hardware product? If so, what are the differences?
Has your hardware or software product performed better in the past three years?
What improvements are you planning for your hardware product in the near future?
How do you ensure the accuracy/quality of your software? What systems/tools/software do you have in place to minimize the number of errors? How often are these systems checked and updated?
Who normally identifies errors when they occur?
How do you collect feedback from clients?
What quality awards have you won?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for the load balancing software.
Buyers should request detailed information about available software delivery methods and costs.
Buyers can reference the benchmark price and total cost of ownership sections of this report for assistance with creating a budget.
Buyers should evaluate potential vendors based on their ability to meet the functional requirements described in the RFP.
Buyers should evaluate vendors' cost proposals to determine if they are in line with the buyer's budget.
Buyers should evaluate potential vendors based on their ability to provide a superior level of customer service.
Buyers should evaluate potential vendors 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 software demonstration should be booked.
Buyers should outline the terms of the contract and their cancellation policy.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The upstream supply chain poses minimal risk for suppliers of load balancing software. Load balancing software suppliers primarily rely on computer equipment, software and IT, intellectual property licensing services and telecommunications equipment inputs. These markets are largely saturated and, as such, highly competitive. Strong competition within the markets of key... Subscribe to learn more.