Learn about actual and potential costs
How much should I pay for Virtual Data Room Software?
What is the average price of Virtual Data Room Software?
This procurement report includes pricing information to help you purchase Virtual Data Room 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 Virtual Data Room 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 Virtual Data Room 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 Virtual Data Room 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 Virtual Data Room 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 market for virtual data room software exhibits a high level of concentration, with the top four vendors accounting for over 50.0% of total market revenue. The market is small with an estimated total of 340 vendors. The high level of market share concentration can be attributed to the fact... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do buyers typically purchase any of your other products and services alongside virtual data rooms?
Do you offer consulting related to financial due diligence?
Is there any efficiency to be gained by using your products together?
How well does your product integrate with related products and services from other companies?
What is your customer retention rate?
What is the most frequent complaint among your clients?
Has your market share expanded or contracted over the past three years?
What steps do you take to maintain market share?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle reduced demand?
How do you hire and maintain quality staff?
How much year-to-year turnover in staff do you experience?
What do you do to lure the more talented software engineers to your team?
At your company, what is the average employee's experience in this field?
“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 budgets for virtual data room software and related products and services.
Buyers should state the payment schedule (e.g. in one lump sum up front upon award of the contract or in installments spread over the contract period).
Buyers should evaluate the experience of the virtual data room software provider based on client references and testimonials.
Buyers should evaluate the vendor’s technical proposal to make sure the virtual data room software meets their requirements.
Buyers should evaluate providers based on the vendor’s cost proposal for the software
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the proposal due date and award information date.
Buyers should include any other relevant dates that providers need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk is moderate in the virtual data room software market, mainly as a result of downstream risk. While the Trump administration has levied tariffs on numerous imported goods, such as data storage hardware and components, these taxes do not significantly affect the virtual data room software market. Virtual... Subscribe to learn more.