Procurement Market Intelligence Report
Data Mining Consulting Services
Sourcing Guide & Market Intelligence
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Data Mining Consulting Services Global Overview
Definition
Summary
Data mining consultants help businesses structure their data and uncover patterns and systematic relationships between variables in large proprietary data sets (also known as Big Data). The primary goal of these services is to use the uncovered patterns and relationships to build statistical models that can be used to support decision-making, predict market behavior and guide strategy. Key providers of these services include both multiline suppliers like large IT and consulting firms and specialists that focus only on providing data mining consulting services. The typical buyers of these services are government agencies, e-commerce companies, retailers, and financial institutions.
This Report Includes:
- Big Data Analysis
- Information Technology Consulting
Not in this Report:
- Data Mining Software
- Market Research Data Collection & Analysis
Global Data Mining Consulting Services Procurement Trends
Discover the top international trends affecting procurement in the global Data Mining Consulting Services market.
Warning Trends
Public sector demand slumps as the government enters shutdown
- On October 1, the US federal government entered a shutdown after negotiations for a new appropriations bill failed.
- During a government shutdown, essential federal government operations, such as law enforcement, air-traffic control, and social security, persist, while nonessential operations are paused and workers involved in these operations are furloughed. Thus, the current shutdown is expected to result in 750,000 federal workers being furloughed, representing a $400 million reduction in daily expenditure by the federal government.
- This significant reduction in federal spending and operations will affect the entire US economy, weakening aggregate demand and slowing economic growth. For example, the 35-day government shutdown in Q1, 2019, reduced aggregate demand in both the public and private sectors, resulting in a 0.2% reduction in GDP growth that quarter.
- The effects of the shutdown are likely to be most acute in markets where the public sector is a major buyer segment, weakening demand and increasing average vendor risk by destabilizing important revenue streams.
- As negotiations for a new appropriations bill to reopen the government remain ongoing, ProcurementIQ will continue to monitor the situation and update this story with the latest information.
Global Data Mining Consulting Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 1,380 |
| #2 Europe | 1,280 |
| #3 United States | 980 |
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2
Geography Drilldown - US
Average Cost of Data Mining Consulting Services
United States
2026 Market Pricing$50.00 to $XXX.XX
per hourAverage Price
Prices in the Data Mining Consulting Services market range from $50.00 to $XXX.XX, depending on Project Complexity, Location, Supplier Reputation and Hardware Requirements. For example, lower prices are associated with Standard data mining consulting ($115 to $250 per hour), whereas higher prices are associated with Advanced data mining techniques ($300 to $490 per hour).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Data Mining Consulting Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Data Mining Consulting Services market, prices in the US have grown 3.1% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Data Mining Consulting Services
Total cost of ownership is Low in the Data Mining Consulting Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Hidden Fees may raise the total cost of ownership unexpectedly.
Negotiated Before
Other Fees
Billed During
Travel
Support
Training
Unforeseen
Hidden Fees
Scope Changes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.2 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Average Vendor Risk. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Low, which has a positive impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Data Processing & Hosting Service Providers
- Computer & Package Software Wholesalers
- Commercial Lessors
2nd
Tier Suppliers
- IT Consultants
- Computer Manufacturers
- Software Publishers
- Real Estate Sales Agents & Brokers
Biggest Data Mining Consulting Services Suppliers in the US by Revenue
The largest Data Mining Consulting Services vendors by revenue in the US are ThirdEye Data Inc., Teradata Corporation and SAS Institute. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Amazon.Com, Inc. | Global | Seattle | >10,000 | 5-10 | ||||
| Microsoft Corporation | Global | Redmond | >10,000 | 5-10 | ||||
| International Business Machines Corporation | Global | ARMONK | >10,000 | 5-10 | ||||
| Oracle Corporation | Global | AUSTIN, CA | >10,000 | 5-10 | ||||
| Accenture Plc | International | DUBLIN | >10,000 | < 5 | ||||
| Cisco Systems, Inc. | Global | SAN JOSE, CA | >10,000 | < 5 | ||||
| Hewlett Packard Enterprise Co | Global | SPRING | >10,000 | < 5 | ||||
| Teradata Corporation | Global | SAN DIEGO, OH | 1,001-10,000 | < 5 | ||||
| A.T. Kearney Inc. | Global | Chicago, IL | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Data Mining Consulting Services market is 7.7% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Average vendor risk is low for data mining consulting service providers. Top suppliers; such as Amazon, Alphabet, and IBM; operate in profitable markets and have low debt-to-equity ratios, contributing to very low financial risk. Moreover, steady demand trends for market services as more businesses transform digitally will reduce bankruptcy risk for suppliers.
There is a moderate level of market share concentration in the data mining consulting service market, with the top four suppliers representing approximately 30.0% of total market revenue. Moderate market share concentration maintains some price competition within the market, which keeps prices from fluctuating significantly.
Supply chain risk is low for data mining consulting services since there is limited reliance on physical inputs because buyers tend to purchase computers infrequently.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Amazon.Com, Inc.
Amazon.com, Inc. is a global e-commerce company that offers a range of consumer products and services through online and physical stores. It resells merchandise and content and offers products from third-party sellers. It also manufactures and sells electronic devices and develops and distributes media content.... Subscribe to learn more
International Business Machines Corporation
International Business Machines Corporation (IBM) is a global integrated computer technology, hardware, software, and services provider. It organizes its business into four segments: Software segment, which provides software solutions for a hybrid cloud platform, data and artificial intelligence, automation,... Subscribe to learn more
Microsoft Corporation
Microsoft Corporation is a technology company offering digital technology and artificial intelligence (AI) to businesses and individuals worldwide. It develops cloud-based solutions that deliver customers with software, services, platforms, and content and provides solution support and consulting services.... Subscribe to learn more
Oracle Corporation
Oracle Corporation is a global technology company that provides enterprise information technology (IT) products and services. It comprises three businesses: the Cloud and License business, which offers Oracle Applications, Oracle Database, and Oracle Middleware software offerings, among others, deployed using... Subscribe to learn more
A.T. Kearney Inc.
A.T. Kearney Inc. is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include management consulting services and data mining consulting services. Founded in 1926, the company is currently headquartered in Chicago, Illinois, United States... Subscribe to learn more
Accenture Plc
Accenture Plc is a public company operating internationally in the mining, information, professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include mobile enterprise application platforms, claims management software,... Subscribe to learn more
Cisco Systems, Inc.
Cisco Systems, Inc. is a public company operating globally in the manufacturing, information and professional, scientific and technical services sectors. The company's offerings include rail signaling systems, office phones, print servers, computer servers, database management systems. Founded in 1984, the... Subscribe to learn more
Denologix Inc.
Denologix Inc. is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include data mining consulting services. Founded in 2003, the company is currently headquartered in Toronto, Ontario, Canada with an estimated 175 employees. Subscribe to learn more
Fayrix Software Ltd.
Fayrix Software Ltd. is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include data mining consulting services. Founded in 2008, the company is currently headquartered in Herzliya, Herzliya, Israel with an estimated 5500 employees.... Subscribe to learn more
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Procurement Management KPIs for the Data Mining Consulting Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Billable Utilization. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Termination and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Total resolution time Number of resolved tickets |
The average resolution time represents the average amount of time it takes to resolve a support ticket. Firms that quickly respond to queries will be able to assist with time-sensitive, data-driven decision-making. |
| Billable Utilization |
|
Total registered billable hours Total hours available |
Billable utilization measures how much time is spent on project-related activities. Buyers should look for high billable utilization rates since the typical target utilization for consulting firms is 80%. Buyers should be cautious choosing market vendors with very high billable utilization rates as quality may be sacrificed to maintain high rates. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Customer Support
What is your client renewal or repeat business rate? Why do companies renew their contracts with your business?
How do you evaluate customer satisfaction and how frequently? Is this information made available to clients?
Experience and Expertise
Why did the last two clients you lost cancel their contracts with you?
What is your renewal/repeat business rate for businesses in my industry? How does that compare to your overall rates?
Timeliness
What are your primary metrics for internal quality measurement regarding timeliness? Is this information available to clients?
How often do you experience problems with the timeliness of transactions? What is your on-time delivery rate?
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Data Mining Consulting Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should give an overview of their organization, including their industry, products and services offered, location(s), and type of ownership.
Buyers should briefly outline their current information systems structures, including their current data analysis and predictive modeling capabilities.
Statement Of Need
Buyers should lay out the measurable objectives of the project, including requirements regarding security, quality insurance and continuity of operations, when applicable.
Buyers should explain the scope of services they intend to procure, including the types and amount of data in question.
Project Budget
Buyers should state the type of pricing model they prefer to use, whether fixed, monthly, weekly, or hourly.
Buyers should inquire about other possible fees or expenses such as travel, lodging, and materials.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
