What is Configure Price and Quote (CPQ) Software Market?
CPQ, or Configure Price Quote software, is a sales tool that enables companies to create accurate and highly configured quotes that keep all complex product, price, and business rules centralized, automated, and available in real-time so that sales have everything they need at their fingertips. With CPQ (Configure, Price, Quote) software, companies can automate the quotation and quotation process lifecycle, starting with the moment a customer fulfills their requirements in a company's quotation and ending with sending a detailed quotation to the Customers or prospects. CPQ software is used in sales departments to accelerate the sales process while improving quotation accuracy and customer relationships. These software products enable companies to identify a customer's needs and provide them with customized offers that best suit those specific needs. Products are usually based on an existing CRM software product or can be integrated with one (or more) CRM tools.
The market study is being classified by Type (Cloud-Based CPQ Software and On-Premises CPQ Software), by Application (Small Enterprise and Large Enterprise) and major geographies with country level break-up.
Apttus (United States), Callidus Software (United States), FPX, LLC (United States), SAP (Germany), IBM Corporation (United States), Oracle Corporation (United States), PROS (United States), Salesforce.com (United States), Aspire Technologies (United States), Cincom Systems (United States), ConnectWise, LLC (United States), Infor (United States), Model N (United States) and Vendavo (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Configure Price and Quote (CPQ) Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Configure Price and Quote (CPQ) Software market by Type, Application and Region.
On the basis of geography, the market of Configure Price and Quote (CPQ) Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Need for Higher Productivity
- Rising Disposable Income of People in Developing Economies
- The Rise in Speed of Pricing and Configuring Process of the Products and Services
- Availability of Cloud-Based Configure Price and Quote (CPQ) Software
- Technological Advancements in Software
- Structuring the Quote So That It Can Be Used For Down-Stream Provisioning
- Increasing Awareness among the Small and Medium Enterprises
- Lack of Awareness among the End-User
Key Target AudienceProviders of Configure Price and Quote (CPQ) Software, End-Users, Potential Investors, Market Research Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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