Report forecast the global configure price
and quote (CPQ) software market to grow at a CAGR of 14.53% during the period
2017-2021.
CPQ software is an enterprise software application
used by end-users (including B2B and B2C businesses) to bring together
activities such as configuring, quoting, and pricing of their products. The
software helps ease the process of quoting of products made through
make-to-order (MTO) and assemble-to-order (ATO) production methods. The low
price of CPQ software has made it affordable for many SMBs in developing
countries such as India, China, and Brazil to adopt CPQ software for pricing
and quoting.
The report covers the present scenario and
the growth prospects of the global configure price and quote (CPQ) software
market for 2017-2021. The report presents a detailed picture of the market by
way of study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is increasing need for higher productivity. The CPQ software helps sales
management personnel to improve their productivity by reducing the dependency
on tedious paperwork and documentation. It speeds up the process of pricing and
configuration and also helps organizations reduce their overall cost in
pricing. CPQ software, especially cloud-based CPQ software, also help
organizations save time. For instance, vendors such as Salesforce help
enterprises to scale up their pricing and selling strategies in very less time
compared with on-premises applications.
Further, the report states that one
challenge in the market is lack of coordination among business units. Many
organizations fail to implement CPQ due to the lack of coordination among their
business units. The implementation of CPQ software requires the coordination
and participation of multiple business units within an enterprise. Sales teams
play a major role and take the initiative for the implementation of CPQ
software in a company. The implementation of CPQ software by sales teams
without proper consultation with the other departments/business units such as
IT, product management, and finance can lead to the failure of CPQ software
implementation.
Global
Configure Price and Quote (CPQ) Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the global configure price
and quote (CPQ) software market: Apttus, Callidus Software, FPX, Oracle, PROS,
and Salesforce.com.
Other Prominent Vendors in the market are:
Aspire Technologies, Cincom Systems, ConnectWise, IBM, Infor, Model N, SAP, and
Vendavo.
Market
driver
- Increasing need for higher productivity
- For a full, detailed list, view our report
Market
challenge
- Lack of coordination among business units
- For a full, detailed list, view our report
Market
trend
- Increase in mobility solutions
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 66 pages “Global
Configure Price and Quote (CPQ) Software Market 2017 - 2021” report
covers Executive summary, Scope of the report, Research Methodology, Market
landscape, Market segmentation by deployment, Geographical segmentation,
Decision framework, Drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UH9
For related reports please visit: Software Market Research Reports
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and Electronics Reports at: https://www.marketresearchreports.com/computing-electronics
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