Global Configure-Price-Quote (CPQ) Market is valued at USD 444.8 Million in 2020 and expected to reach USD 881.9 Million by 2025 with the CAGR of 20.10% over the forecast period.
Major Players in the market includes Aspire Technologies, Inc., Cincom Systems, Inc., Oracle Corp, Salesforce.com, FPX, LLC, Infor Inc., Callidus Software, Vendavo, Inc. SAP AG
Model N, Inc. and PROS, Inc.,
Oct 2020, Aspire Systems launched the latest update of its Performance Testing framework APTf 2.0. Aspire’s Performance Testing framework (APTf) was built to enable quantitative testing of speed, scalability, responsiveness and endurance of an application under a workload using a single hybrid framework. Featuring a blend of testing components all under one roof, it helps enterprises save millions of dollars and execute end-to-end performance testing hassle-free. Mainly used as a diagnostic aid to locate bottlenecks in the application, APTf allows integration with CI/CD tools for intensive test environments.
Oct 2020, Cincom Systems, Inc., announced that the company’s multi-tenant configure-price-quote solution, CPQSync, has been accepted into the Microsoft Business Applications ISV Connect Program and is Co-Sell Ready for Dynamics 365. The program aligns Microsoft’s global sales force behind partners like Cincom and delivers solutions built on Microsoft technology. CPQSync by Cincom is a fully cloud-based solution that delivers an unprecedented way for companies to take the frustration out of buying and selling complex products and services.
Oct 2020, Vendavo, announced it has launched Vendavo Deal Price Guidance for Salesforce CPQ on Salesforce AppExchange, empowering customers to optimize deal win rates, improve enterprise profitability and enhance the overall customer experience. Vendavo Deal Price Guidance (VDPG) is an intelligent, cloud-native solution that delivers AI-enabled, deal-specific pricing guidance directly into a customer’s CRM, CPQ, or other quotation workflows, ensuring the right price for every quoting situation.
Configure price and quote (CPQ) software market is majorly driven by rising need for higher productivity. As AI technology continues to improve, it will become an even more important element in using CPQ software to its full potential. 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.
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 end use, configure-price-quote (CPQ) market is classified into IT and telecom, banking, automobile, retail, gaming, hospitality and others. The regions covered in this configure-price-quote (CPQ) market are North America, Europe, Asia-Pacific and Rest of the World. In these regions, North America region is largest market share in CPQ market which followed by Europe, Asia-pacific, South America. It is expected to continue highest market in further years. This is attributed due to register the highest incremental growth due to 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. Increasing adoption of cloud platforms, majorly by small & medium enterprises among countries in the Asia Pacific region, has accelerated the configure price and quote application market.
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