Top 10
Price Monitoring
Tools In 2024

What is a Price Monitoring
tool & how it's used?

A Price Monitoring Tool is a software designed to help businesses track their competitors and analyze prices related to the products or services they sell online.

These tools are commonly used in e-commerce by retailers and brands to keep a close eye on competitor prices, market share and pricing strategies.

The primary goal of a price monitoring tool is to automate the gathering and matching of data, while providing instant reports and charts by analysing fast real-time data. End goal is to perform Dynamic Pricing, meaning to adjust prices automatically based on market, availability & stock changes to gain more margin on sales.

Why is Price Intelligence
important for your business?

Competitive Insights give valuable insights into your competitors strategies, promotions and products that are most important.

Profit Optimization identifies opportunities to maximize profitability of your sales through small pricing adjustments.

Time-Saving automates the process of collecting , matching and analyzing pricing data, saving significant time and resources.

Customer Attraction is improved as price-sensitive customers see your efforts by delivering competitive rates and offers.

Ecoomerce Success is built slowly on your brand or store by sustainable pricing strategies that support long-term growth.

Who are Top 10 Software to use in 2024:

Omnia Retail - Price Monitoring

Omnia Retail offers a software that tracks and collects pricing data on your competitor’s or resellers’ price made up of scraping from comparison shopping engines (CSEs), marketplaces or directly from online stores.

Pros:

- Ability to monitor both marketplaces & direct webshops
- Quality market insights
- Customer Success team to execute your pricing strategy

Cons:

- Advanced platform needs trainning
- Cannot explore data & customize reports

Pricing:

Plans start from €199 - no trial offering

Prisync - Competitor Price Tracking

Prisync gives you a platform to import the products and url’s you where till now manually monitoring so that it’s platform crawls them once per day and update you with latest prices.

Pros:

- Self service& easy to use
- Works great for small shops up to 100 products
- Easy to read reports

Cons:

- You match your products
- Very basic analytics on data
- API access is charged extra

Pricing:

Plans start from $99 - offers 14 day free trial

Price2Spy - Price Comparison Software

Price2Spy is a price monitoring, comparison, and repricing tool, meant to help eCommerce professionals keep an eye on their competitors or retailers.

Pros:

- Self service & many plans to choose
- Works great for small shops up to 1000 products
- Easy platform small learning curve

Cons:

- Data quality varies based on website monitored
- Dashboard is slow and buggy
- Websites dificult to crawl require extra cost (stealth traffic)

Pricing:

Plans start from $26.95 - offers 30 day free trial

Minderest - Competitor Monitor Software

Minderest softeware monitors prices, promotions, and stock daily. You access information from any eCommerce, price comparison sites such as Google Shopping & marketplaces such as Amazon or eBay.

Pros:

- API is easy to link to existing infrastructure
- Good data quality
- Fast support

Cons:

- Data quality varies based on website monitored
- Dashboard is slow and buggy
- Data covergare sometimes less than actual market.

Pricing:

No public information on pricing or trial

PriceShape - Competitive price monitoring

PriceShape collects Brand and e-commerce data from around the world, so you have a overview of your competitors prices and stock. Access data and choose which competitors you want to monitor.

Pros:

- Excellent customer service
- Fast setup of new account
- Works great for customers of aprox ~5.000 products

Cons:

- Data are only crawled from GoogleShopping & Marketplaces
- Data updates are on random cycles
- Lack of correct stock and competitor prices

Pricing:

Plans start from €316 - offers contact form for trial request

Competera - Pricing platform

Competera enables retailers and brands to increase customer trust by setting and maintaining optimal prices in real-time. Helping retailers to rebound 6% of previously lost margin.

Pros:

- AI driven insights
- Customizable pricing rules
- Data driven decisions

Cons:

- Lone learning curve
- Advanced analytics but difficult to adopt
- Higher price point

Pricing:

No public information on pricing or trial

Wiser - Price Optimization

Wiser platform gives visibility into active pricing strategies and the logic behind those strategies. You get an easier, more automated process and can create target segments to set unique prices by audiences, SKUs, and sales periods.

Pros:

- In depth competitive analysis
- Custom developements
- Advanced pricing rules

Cons:

- Data available ony in data feeds
- Few integrations with major ecommerce platforms
- Long setup period

Pricing:

No public information on pricing or trial

Skuuudle -Competitor Price Monitoring

Skuuudle provides pricing data, competitive intelligence, and consulting solutions to clients of all sizes, from blue chip to SME.

Pros:

- In depth competitive analysis
- Custom developements
- Advanced pricing rules

Cons:

- Data available only in pre-agreed customized spreadsheet formats
- Data updates are Weekly
- Long setup period

Pricing:

No public information on pricing or trial

Priceva -Competitor Price Tracking & Monitoring

Priceva is an online software service that provides real-time monitoring of competitor prices for businesses of all sizes.

Pros:

- On-demand monitoring
- Custom developements
- Data driven decisions

Cons:

- Auto- match products is charged extra
- Very basic analytics on data
- Few integrations with major ecommerce platforms

Pricing:

Plans start from $99 - offers free trial

tgndata® -Price Monitoring & Dynamic Pricing

tgndata is the trusted partner of the top Retailers & Brands when it comes to Price Monitoring & Dynamic Pricing. It’s ability to track any direct webshop or marketplace globally along with it’s E-commerce Insights platform makes it a unique tool used by some the best Ecommerce teams in the world.

Pros:

- 99,99% Data quality
- Real-time monitoring
- Highly customized dashboards
- Market insights crafted by actual ecommerce teams
- Monitor any webshop or marketplace in the world.

Cons:

- Promotions & Newsletters monitoring comes at extra cost

Pricing:

FOREVER FREE Account

Best Analytics
& BI tool 2024

Disclamer on reviews

All data were gathered from the official websites of each software without prejudice and with sole purpose to educate. Please contact marketing@tgndata.com if you believe any of the above information is missleading, false or needs to be corrected.

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Top 10 Price Monitoring Tools In 2024

What is a Price Monitoring tool & how it's used?

Why is Price Intelligenceimportant for your business?

Who are Top 10 Software to use in 2024:

Omnia Retail - Price Monitoring

Pros:

Cons:

Pricing:

Prisync - Competitor Price Tracking

Pros:

Cons:

Pricing:

Price2Spy - Price Comparison Software

Pros:

Cons:

Pricing:

Minderest - Competitor Monitor Software

Pros:

Cons:

Pricing:

PriceShape - Competitive price monitoring

Pros:

Cons:

Pricing:

Competera - Pricing platform

Pros:

Cons:

Pricing:

Wiser - Price Optimization

Pros:

Cons:

Pricing:

Skuuudle -Competitor Price Monitoring

Pros:

Cons:

Pricing:

Priceva -Competitor Price Tracking & Monitoring

Pros:

Cons:

Pricing:

tgndata® -Price Monitoring & Dynamic Pricing

Pros:

Cons:

Pricing:

Best Analytics & BI tool 2024

Disclamer on reviews