Market Overview:
The global configure, price and quote (CPQ) application suites market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for CPQ applications from SMEs and large enterprises across the globe. Customized suites are expected to hold a larger share of the market than standardized suites during the forecast period. North America is expected to lead the global CPQ application suites market in terms of revenue by 2030 owing to technological advancements and early adoption of new technologies in this region.
Product Definition:
Configure, Price and Quote (CPQ) application suites provide a comprehensive set of tools to help companies configure, price and quote products and services. They can automate the sales process from beginning to end, speeding up the time it takes to close a sale. CPQ applications can also help reduce errors in product pricing or configuration.
Customized Suites:
Customized suites is a collection of tools and technologies that help vendors to provide end-to-end solutions for their customers. It helps them in providing the best possible solution for their customer with all the necessary information at one place. The suite contains quote management, order management, contract management along with some other application which forms a significant part of CPG software industry.
The customized suites market is expected to grow significantly over the forecast period owing to its ability to integrate different applications.
Standardized Suites:
The standardized suite is a collection of tools and technologies that help vendors to automate the processes involved in configuring, pricing and quote applications. The suites are available as open source code or proprietary software. The price and quote application includes products such as Oracle Enterprise Asset Management (EAM), Microsoft Dynamics, SAP ABAP, Oracle Supply Chain Management (SCM) among others.
Application Insights:
The software as a service (SaaS) segment dominated the market in 2017. The major advantage of SaaS is that it requires low capital investment and can be expanded easily as demand increases. However, the major disadvantage is that it needs constant monitoring and maintenance to keep pace with technological advancements. Thus, the traditional license model still dominates over the SaaS model in terms of preference due to its lower cost structure and ease of implementation among other factors such as reliability, flexibility & customizations required by various industries.
The on-premise application Suites are expected to register a significant CAGR during forecast years owing to their ability to scale up or down depending upon requirements along with their high cost structure which makes them unsuitable for small & medium enterprises (SMEs). However, they are widely used by large enterprises since they offer customized solutions at affordable rates along with advanced features compared to other application types available in the market.
Regional Analysis:
The market in Asia Pacific and MEA is anticipated to grow at a rapid pace over the forecast period. The growth can be attributed to the increasing number of IT companies opting for offshore outsourcing, especially in countries such as India, China, Philippines and Vietnam. In addition, rising demand for cloud computing across various industries is expected to drive regional market growth over the next eight years.
North America accounted for more than 25% of revenue share in 2017 owing to high awareness levels regarding security measures undertaken by organizations while adopting application suites based on customize/standardized model approach. Moreover, presence of major players with extensive distribution networks also contributed toward higher revenue share registered by this region during 2017.
Growth Factors:
- Increasing demand for Configure, Price and Quote (CPQ) application suites from small and medium-sized businesses (SMBs) due to the growing need to improve operational efficiency.
- The increasing popularity of cloud-based CPQ solutions, which offer fast deployment times, lower costs, and scalability.
- The growing trend of companies moving away from traditional ERP systems in favor of more specialized CPQ applications that can better meet their specific needs.
- Advances in artificial intelligence and machine learning that are making CPQ applications more intelligent and able to automatically configure products based on customer requirements.
- The increasing use of mobile devices by sales reps for capturing customer data in the field, which is driving the demand for mobile-friendly CPQ solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Configure, Price and Quote Application Suites Market Research Report
By Type
Customized Suites, Standardized Suites
By Application
SME (Small and Medium Enterprises), Large Enterprise
By Companies
Accenture bit2win Sales, Apparound Configure Price Quote, Apttus Configure Price Quote, Autodesk Configure One, Axonom Powertrak, Cincom CPQ, CloudSense Configure Price Quote, Configit Quote, EndeavorCPQ, Experlogix, FPX Smart CPQ, IBM Configure Price Quote, Infor CPQ, Model N Revvy CPQ, Oracle CPQ Cloud, Pros Smart CPQ, Salesforce Quote-to-Cash, SAP Configure, Price, and Quote, Sigma CPQ, Tacton Systems CPQ, Additional Vendors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Configure, Price and Quote Application Suites Market Report Segments:
The global Configure, Price and Quote Application Suites market is segmented on the basis of:
Types
Customized Suites, Standardized Suites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SME (Small and Medium Enterprises), Large Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture bit2win Sales
- Apparound Configure Price Quote
- Apttus Configure Price Quote
- Autodesk Configure One
- Axonom Powertrak
- Cincom CPQ
- CloudSense Configure Price Quote
- Configit Quote
- EndeavorCPQ
- Experlogix
- FPX Smart CPQ
- IBM Configure Price Quote
- Infor CPQ
- Model N Revvy CPQ
- Oracle CPQ Cloud
- Pros Smart CPQ
- Salesforce Quote-to-Cash
- SAP Configure, Price, and Quote
- Sigma CPQ
- Tacton Systems CPQ
- Additional Vendors
Highlights of The Configure, Price and Quote Application Suites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Customized Suites
- Standardized Suites
- By Application:
- SME (Small and Medium Enterprises)
- Large Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Configure, Price and Quote Application Suites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Configure, Price and Quote Application Suites are a suite of applications that allow users to configure, price and quote products and services.
Some of the major companies in the configure, price and quote application suites market are Accenture bit2win Sales, Apparound Configure Price Quote, Apttus Configure Price Quote, Autodesk Configure One, Axonom Powertrak, Cincom CPQ, CloudSense Configure Price Quote, Configit Quote, EndeavorCPQ, Experlogix, FPX Smart CPQ, IBM Configure Price Quote, Infor CPQ, Model N Revvy CPQ, Oracle CPQ Cloud, Pros Smart CPQ, Salesforce Quote-to-Cash, SAP Configure, Price, and Quote, Sigma CPQ, Tacton Systems CPQ, Additional Vendors.
The configure, price and quote application suites market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Configure, Price and Quote Application Suites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Configure, Price and Quote Application Suites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Configure, Price and Quote Application Suites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Configure, Price and Quote Application Suites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Configure, Price and Quote Application Suites Market Size & Forecast, 2018-2028
4.5.1 Configure, Price and Quote Application Suites Market Size and Y-o-Y Growth
4.5.2 Configure, Price and Quote Application Suites Market Absolute $ Opportunity
Chapter 5 Global Configure, Price and Quote Application Suites Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Configure, Price and Quote Application Suites Market Size Forecast by Type
5.2.1 Customized Suites
5.2.2 Standardized Suites
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Configure, Price and Quote Application Suites Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Configure, Price and Quote Application Suites Market Size Forecast by Applications
6.2.1 SME (Small and Medium Enterprises)
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Configure, Price and Quote Application Suites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Configure, Price and Quote Application Suites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Configure, Price and Quote Application Suites Analysis and Forecast
9.1 Introduction
9.2 North America Configure, Price and Quote Application Suites Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Configure, Price and Quote Application Suites Market Size Forecast by Type
9.6.1 Customized Suites
9.6.2 Standardized Suites
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Configure, Price and Quote Application Suites Market Size Forecast by Applications
9.10.1 SME (Small and Medium Enterprises)
9.10.2 Large Enterprise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Configure, Price and Quote Application Suites Analysis and Forecast
10.1 Introduction
10.2 Europe Configure, Price and Quote Application Suites Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Configure, Price and Quote Application Suites Market Size Forecast by Type
10.6.1 Customized Suites
10.6.2 Standardized Suites
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Configure, Price and Quote Application Suites Market Size Forecast by Applications
10.10.1 SME (Small and Medium Enterprises)
10.10.2 Large Enterprise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Configure, Price and Quote Application Suites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Configure, Price and Quote Application Suites Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Configure, Price and Quote Application Suites Market Size Forecast by Type
11.6.1 Customized Suites
11.6.2 Standardized Suites
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Configure, Price and Quote Application Suites Market Size Forecast by Applications
11.10.1 SME (Small and Medium Enterprises)
11.10.2 Large Enterprise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Configure, Price and Quote Application Suites Analysis and Forecast
12.1 Introduction
12.2 Latin America Configure, Price and Quote Application Suites Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Configure, Price and Quote Application Suites Market Size Forecast by Type
12.6.1 Customized Suites
12.6.2 Standardized Suites
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Configure, Price and Quote Application Suites Market Size Forecast by Applications
12.10.1 SME (Small and Medium Enterprises)
12.10.2 Large Enterprise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Configure, Price and Quote Application Suites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Configure, Price and Quote Application Suites Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Configure, Price and Quote Application Suites Market Size Forecast by Type
13.6.1 Customized Suites
13.6.2 Standardized Suites
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Configure, Price and Quote Application Suites Market Size Forecast by Applications
13.10.1 SME (Small and Medium Enterprises)
13.10.2 Large Enterprise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Configure, Price and Quote Application Suites Market: Competitive Dashboard
14.2 Global Configure, Price and Quote Application Suites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture bit2win Sales
14.3.2 Apparound Configure Price Quote
14.3.3 Apttus Configure Price Quote
14.3.4 Autodesk Configure One
14.3.5 Axonom Powertrak
14.3.6 Cincom CPQ
14.3.7 CloudSense Configure Price Quote
14.3.8 Configit Quote
14.3.9 EndeavorCPQ
14.3.10 Experlogix
14.3.11 FPX Smart CPQ
14.3.12 IBM Configure Price Quote
14.3.13 Infor CPQ
14.3.14 Model N Revvy CPQ
14.3.15 Oracle CPQ Cloud
14.3.16 Pros Smart CPQ
14.3.17 Salesforce Quote-to-Cash
14.3.18 SAP Configure, Price, and Quote
14.3.19 Sigma CPQ
14.3.20 Tacton Systems CPQ
14.3.21 Additional Vendors
