Configure-Price-Quote (CPQ) Market is valued at USD 254.8 Million in 2018 and is expected to reach USD 872.8 Million by 2025 with a CAGR of 19.23% over the forecast period.
Configure Price Quote (CPQ) Market Overview:
Growing adoption of mobile devices and Smartphone’s, the rising popularity of mobile apps, and the growing need for higher productivity are some of the major factors driving the market growth.
Key Players of Global Configure-Price-Quote (CPQ) Market Report-
Configure-Price-Quote (CPQ) market report covers prominent players like Apttus Corporation, Callidus Software, FPX, LLC, Oracle Corp, PROS, Inc, Salesforce.com, Aspire Technologies, Inc., Cincom Systems, Inc., ConnectWise, Inc., International Business Machines Corporation, Infor, Inc, Model N, Inc., SAP Ag, Vendavo, Inc. and others.
Scope of Configure-Price-Quote (CPQ) Market Report-
Configure, Price, Quote (CPQ) helps the customers in configuring the products from a set of available components, products and services, to produce the desired product. Pricing considers the configuration that is done by the customer and delivers the actual price or the discounted price if applicable to the customer while confirming profit margins based on costs. Configure price and quote (CPQ) software also assists in creating the quote document for presentation to the customer which includes all the details of products and services included. Configure price and quote (CPQ) supports in addressing the contemporary B2B buyers and sellers requirements.
The organizations are liable to invest in configure, price and quote (CPQ) software because it recovers the B2B buying involvement of customers, and also helps in delivering that the customer chosen product at right time in buyers preferred channel. Configure price and quote (CPQ) software helps to reduce the time required to market the new offerings and also reduces seller upgrade time, CPQ software also helps in programming the complex back-office sales processes in the front-office, and helps in dropping the costly pricing errors.
These solutions help in solving the major needs of organizations that manufacture complex, custom engineeredproducts. But in current scenario CPQ software solutions are used across various industries to deliver customizable andmodified products to the clients.
Configure-Price-Quote (CPQ) market report is segmented based on deployment, industry and region & country level. Based upon deployment, configure-price-quote (CPQ) market is classified into cloud and on-premise. Based upon industry, configure-price-quote (CPQ) market is classified into IT and telecom, banking, automobile, retail, gaming, hospitality and others.
Global Configure-Price-Quote (CPQ) Market Dynamic-
Configure price and quote (CPQ) market is mainly driven by growing need for higher productivity. CPQ software reduces the dependability on paperwork and documentation and assists the sales management staff to enhance their productivity. Speed of pricing and configuring process of the products and services also increases which helps the organizations to reduce their overall costs associated with demonstrating the features of products and services physically. Configure price and quote (CPQ) software is also organized to achieve the legacy system integration, overcome management challenges, and remove pricing data variations.
According to Accenture’s study, 83% of sales representatives are currently using CPQ applications today, and 81% are using technology-based tools to identify and take action on sales leads. 80% are using automated CPQ tools to provide prospects with quotes that include their product and service configurations. However, lack of awareness among the end-user is also one of the factor restraining the growth of the configure price and quote (CPQ) market.
Global Configure-Price-Quote (CPQ) Market Segmentation:-
By Deployment:
Cloud
On-Premise
By Industry:
IT and Telecom
Banking
Automobile
Retail
Gaming
Hospitality
Others
Key Benefits for Global Configure-Price-Quote (CPQ) Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Configure-Price-Quote (CPQ) Market Regional Analysis-
North America is expected to dominate the global configure-price-quote (CPQ) market with the potential rate in terms of revenue due to early adoption of new technology in this region. Additionally, factors such as the growth of software companies, increasing use of third-party logistics, and the rising volume of trade and shipments carried by air, sea, railways, and roadways are also expected to foster the market growth in this region.
Europe is considered to hold bright growth prospects throughout the forecast period due to presence of several big players and partnering with other ventures to strengthen its business agility in this region. Asia Pacific is anticipated to grow at the highest CAGR over the forecast period due to rapidly evolving IT infrastructure and rising ongoing research on AI-based CPQ to improve customer relationships.
By Regional & Country Analysis:
North America
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
South America
Brazil
Argentina
Columbia
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
About: Brandessence Market Research Inc.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
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Configure-Price-Quote (CPQ) Market is valued at USD 254.8 Million in 2018 and is expected to reach USD 872.8 Million by 2025 with a CAGR of 19.23% over the forecast period.
Configure Price Quote (CPQ) Market Overview:
Growing adoption of mobile devices and Smartphone’s, the rising popularity of mobile apps, and the growing need for higher productivity are some of the major factors driving the market growth.
Key Players of Global Configure-Price-Quote (CPQ) Market Report-
Configure-Price-Quote (CPQ) market report covers prominent players like Apttus Corporation, Callidus Software, FPX, LLC, Oracle Corp, PROS, Inc, Salesforce.com, Aspire Technologies, Inc., Cincom Systems, Inc., ConnectWise, Inc., International Business Machines Corporation, Infor, Inc, Model N, Inc., SAP Ag, Vendavo, Inc. and others.
Scope of Configure-Price-Quote (CPQ) Market Report-
Configure, Price, Quote (CPQ) helps the customers in configuring the products from a set of available components, products and services, to produce the desired product. Pricing considers the configuration that is done by the customer and delivers the actual price or the discounted price if applicable to the customer while confirming profit margins based on costs. Configure price and quote (CPQ) software also assists in creating the quote document for presentation to the customer which includes all the details of products and services included. Configure price and quote (CPQ) supports in addressing the contemporary B2B buyers and sellers requirements.
The organizations are liable to invest in configure, price and quote (CPQ) software because it recovers the B2B buying involvement of customers, and also helps in delivering that the customer chosen product at right time in buyers preferred channel. Configure price and quote (CPQ) software helps to reduce the time required to market the new offerings and also reduces seller upgrade time, CPQ software also helps in programming the complex back-office sales processes in the front-office, and helps in dropping the costly pricing errors.
These solutions help in solving the major needs of organizations that manufacture complex, custom engineeredproducts. But in current scenario CPQ software solutions are used across various industries to deliver customizable andmodified products to the clients.
Configure-Price-Quote (CPQ) market report is segmented based on deployment, industry and region & country level. Based upon deployment, configure-price-quote (CPQ) market is classified into cloud and on-premise. Based upon industry, configure-price-quote (CPQ) market is classified into IT and telecom, banking, automobile, retail, gaming, hospitality and others.
Global Configure-Price-Quote (CPQ) Market Dynamic-
Configure price and quote (CPQ) market is mainly driven by growing need for higher productivity. CPQ software reduces the dependability on paperwork and documentation and assists the sales management staff to enhance their productivity. Speed of pricing and configuring process of the products and services also increases which helps the organizations to reduce their overall costs associated with demonstrating the features of products and services physically. Configure price and quote (CPQ) software is also organized to achieve the legacy system integration, overcome management challenges, and remove pricing data variations.
According to Accenture’s study, 83% of sales representatives are currently using CPQ applications today, and 81% are using technology-based tools to identify and take action on sales leads. 80% are using automated CPQ tools to provide prospects with quotes that include their product and service configurations. However, lack of awareness among the end-user is also one of the factor restraining the growth of the configure price and quote (CPQ) market.
Global Configure-Price-Quote (CPQ) Market Segmentation:-
By Deployment:
Cloud
On-Premise
By Industry:
IT and Telecom
Banking
Automobile
Retail
Gaming
Hospitality
Others
Key Benefits for Global Configure-Price-Quote (CPQ) Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Configure-Price-Quote (CPQ) Market Regional Analysis-
North America is expected to dominate the global configure-price-quote (CPQ) market with the potential rate in terms of revenue due to early adoption of new technology in this region. Additionally, factors such as the growth of software companies, increasing use of third-party logistics, and the rising volume of trade and shipments carried by air, sea, railways, and roadways are also expected to foster the market growth in this region.
Europe is considered to hold bright growth prospects throughout the forecast period due to presence of several big players and partnering with other ventures to strengthen its business agility in this region. Asia Pacific is anticipated to grow at the highest CAGR over the forecast period due to rapidly evolving IT infrastructure and rising ongoing research on AI-based CPQ to improve customer relationships.
By Regional & Country Analysis:
North America
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
South America
Brazil
Argentina
Columbia
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
About: Brandessence Market Research Inc.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Global Concentrated Solar Power market size is expected to gain market growth in the forecast period of 2021 to 2027, with a CAGR of 16.4% in the forecast period of 2021 to 2027
Global Carbon Black market size is expected to gain market growth in the forecast period of 2021 to 2027
