Posts Tagged ‘Procurement’
New Data for Contract Management Software Procurement Category Market Research Report from IBISWorld
New Data for Contract Management Software Procurement Category Market Research Report from IBISWorld
Los Angeles, CA (PRWEB) March 07, 2015
Contract management software has a buyer power score of 4.2 out of 5. This score indicates that buyers are in a favorable position to negotiate price discounts or package deals from providers. Prices for contract management software have been stable during the past three years, and they are anticipated to remain stable in the three years to 2017. “Due to growing business activity and an increasing utilization of software for business processes, demand for contract management software has grown steadily,” according to IBISWorld business research analyst Dale Schmidt. Despite higher demand, competition and the rising prevalence of cloud computing technology in the market have moderated price increases. Competition has increased as more providers have entered the market, putting pressure on providers to lower prices. California is home to Silicon Valley, a highly concentrated area of technology companies and many of the top computer science universities in the world. As a result, many contract management software providers, such as SAP, IBM and Sciquest, have their headquarters in California. The use of cloud computing technology, meanwhile, has lowered the cost of delivery, and suppliers have passed on these cost savings to buyers in the form of lower prices.
Buyers also benefit from low market risk. Contract management software providers are not dependent on any critical inputs that may interrupt the supply chain or create significant price fluctuations. As a result, buyers can expect reliable and steady access to contract management software to manage their contracts. Also, most providers have seen healthy revenue growth in the past three years, although buyers should be aware that smaller providers might not be as financially stable as larger and more established software publishers.
Buyers also benefit from the high availability of substitutes. “Buyers can use document management software or manual, paper-based systems to manage their contracts instead of this market’s software. In addition, buyers can seek price discounts by comparing prices for these substitutes with the price of contract management software. Furthermore, market share concentration and product specialization are low, which benefits buyers because it indicates that there are a large number of providers that can provide contract management software,” Schmidt says. That said, switching costs are medium, creating some risk that buyers may be locked in with their provider. As such, buyers should take their time to evaluate and select the right supplier. For more information, visit IBISWorld’s Contract Management Software procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of contract management software. This software is used to author, store, organize and analyze a buyer’s various contracts to help them structure better deals, remove revenue recognition delays, consolidate contract value, avoid contract penalties and more. This report excludes procurement software and other sourcing software. Contract management software may also be referred to as contract life cycle management software.
Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics
About IBISWorld Inc.
IBISWorld is one of the world’s leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Computer Printers Procurement Research Report Now Available from IBISWorld
Computer Printers Procurement Research Report Now Available from IBISWorld
Los Angeles, CA (PRWEB) November 06, 2013
Computer printers have a buyer power score of 4.0 out of 5.0. The score reflects a beneficial pricing trend for buyers, with a steady decline during the past decade. Price-based competition has led to falling prices and greater purchasing power for buyers as vendors undercut each other’s prices. “Because of suppliers’ low profit margins and high competition from manufacturers overseas, buyers have some leverage when negotiating price; however, due to high market share concentration, buyers have few alternative suppliers to choose from,” IBISWorld procurement analyst Andrew Krabeepetcharat says.
There is no prevailing market price for computer printers because each printer is priced based on variety of factors. “The prices for computer printers are generally determined by quality, speed, variety of functions and reliability,” Krabeepetcharat says. Computer printers within a certain set of specifications have a low level of variability; however, computer printer suppliers offer a wide range of printers with different print qualities, speeds and functions, resulting in a broad price range. The HP Deskjet Printer 1000 can be purchased for $ 35, representing the low end of the price range, but a high-end, consumer-level printer with photo capabilities can cost more than $ 10,000, representing the high end of the price range. Currently, the market’s largest players include Canon Inc., Dell Inc., Hewlett-Packard Company and Samsung.
The price of computer printers has been declining in the past decade. This is mainly because of the falling price of semiconductors and electronic components, which has prompted manufacturers and retailers to lower market prices to undercut competitors. During the three years to 2013, growing private investment in computers and software, and higher corporate profit have increased demand for computer printers, allowing suppliers to maintain prices that otherwise might not be possible. However, as the percentage of services conducted online continues to grow rapidly, computer printers will continue to become less essential for businesses, reducing overall demand and prompting suppliers to lower prices to incentivize buyers.
Due to a steady trend in declining prices, buyers do not need to enter into any long-term contracts. To avoid holding onto outdated equipment, buyers should purchase computer printers when they are needed. Furthermore, switching costs for buyers are low, giving buyers more influential negotiating power. Major vendors will offer competitive prices and customer service in an attempt to keep existing customers. For more information, visit IBISWorld’s Computer printers procurement research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of computer printers. Computer printers are peripheral machines that create an image on paper from an electronic document. Computer printers also often include scanning, faxing and document-copying functions. This report does not include high-capacity commercial printing devices or large-scale photo printing. Suppliers include manufacturers, wholesalers and retailers.
Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Vendor Financial Benchmarks
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics
About IBISWorld Inc.
IBISWorld is one of the world’s leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.