Global Configure Price and Quote Application Suites Software Market to Reach USD 10.89 Billion by 2032, Boasting a CAGR of 7.3%

Dataintelo's most recent report illustrates that the global configure price and quote (CPQ) application suites software market is expected to nearly double, growing from USD 5.76 billion in 2023 to an estimated USD 10.89 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 7.3% between 2024 and 2032. The projected growth is credited to a rising demand for improved, automated pricing solutions across a diverse range of industries.

The integration of CPQ software within other business frameworks is becoming increasingly common, which is significantly contributing to the market's growth in the assessment year. By seamlessly merging these systems, businesses can manage customer relationships, and their own internal processes in a more unified manner. This holistic approach increases the accuracy of data, which in turn can dramatically improve decision-making capabilities.

The escalating trend towards integrated business solutions is anticipated to bolster the growth of the CPQ application suites market even further. Through improved management strategies and processes, businesses are set to gain even further from the rising dominance of CPQ software in today's market

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/27681

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The configure price and quote application suites software market has been segmented on the basis of𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Sales Force Automation
● Marketing Automation
● Customer Service & Support
● Others

𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Finance & Accounting
● Human Resources
● Supply Chain Management
● Others

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Data Visualization
● Reporting & Dashboards
● Advanced Analytics
● Others

𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Demand Planning
● Inventory Optimization
● Supplier Relationship Management
● Others

𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Email Marketing
● Lead Management
● Campaign Management
● Others

𝐇𝐮𝐦𝐚𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Recruitment & Onboarding
● Performance Management
● Learning & Development
● Others

𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Task Management
● Time Tracking & Resource Allocation
● Project Planning & Scheduling
● Others

𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Website Builder
● Shopping Cart & Checkout
● Inventory Management
● Others

𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Web Content Management
● Document Management
● Digital Asset Management
● Others

𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Ticketing System
● Live Chat
● Knowledge Base
● Others

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Process Modeling
● Workflow Automation
● Business Rules Management
● Others

𝐃𝐚𝐭𝐚 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Data Integration
● Data Quality
● Master Data Management
● Others

𝐒𝐚𝐥𝐞𝐬 𝐄𝐧𝐚𝐛𝐥𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞
● Content Management
● Sales Training & Coaching
● Sales Analytics & Reporting
● Others

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Apttus
● FPX
● IBM
● Infor
● 𝐎𝐫𝐚𝐜𝐥𝐞
● PROS
● Salesforce
● SAP
● 𝐓𝐚𝐜𝐭𝐨𝐧
● Vendavo



The global market of configure price and quote (CPQ) application suites software is segmented based on its usage across different business operational sectors such as Customer Relationship Management (CRM) Software, Enterprise Resource Planning (ERP) Software and Supply Chain Management Software, among others. The CRM software sector further includes sales force automation, marketing automation, customer service & support and others. Meanwhile, the ERP software classification comprises finance & accounting, human resources, and supply chain management, etc. Business Intelligence and Analytics Software, which is of major importance, consists of data visualization, reporting & dashboards, advanced analytics, and so on.

In the regional perspective, the CPQ application suites software market is dispersed geographically across Asia Pacific, North America, Latin America, Europe, and the Middle-East & Africa. North America presently leads the market due to rapid technological advancements and the significant presence of major industry players in this region. The Asia Pacific region, on the other hand, is anticipated to grow significantly in the coming years owing to the increasing number of small and medium-sized enterprises (SMEs), and their consequent adoption of CPQ software to streamline and automate their business operations. Key players in this market include Apttus, FPX, IBM, Infor, Oracle, PROS, Salesforce, SAP, Tacton, and Vendavo. These distinguished entities dominate the market with their diverse product portfolio, strategic expansions, and innovative solutions

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/27681

Market Drivers:

1. Enhanced Sales Performance: Increase in sales performance is one of the key market drivers for the adoption of Configure, Price, and Quote Application Suites Software (CPQ software). By streamifying the pricing quote process, these applications can significantly reduce the time taken from inquiry to sale, contributing to enhanced sales performance.

2. Increase in Demand for Higher Productivity: There has been an increase in the demand for higher productivity in sales processes. CPQ software can help businesses manage their pricing quotes more efficiently, leading to more deals being processed in less time.

3. Need for Centralized Document Management: With an increase in documentation in sales and pricing, there is a growing need for centralized document management. CPQ software helps manage and consolidate all sales-related documents, thereby driving its market.

4. Growing E-commerce and Online Sales: The surge in e-commerce sales has led to an increased requirement for pricing and quoting software to handle the large volume of sales transactions.

5. Market Competition: Rising competition in every sector forces companies to offer discounts and negotiations. To maintain accuracy in quotes during these situations, businesses prefer CPQ software solutions.

Market Opportunities:

1. Integration with CRM and ERP Tools: Many businesses are looking for an all-in-one solution for managing their sales processes. The integration of CPQ software with existing CRM and ERP tools offers a significant market opportunity.

2. Adoption of Artificial Intelligence (AI): Incorporating AI in CPQ software can lead to even more streamlined and efficient processes. This presents a promising market opportunity for the coming years.

3. Expanding Sales Channels: As businesses continue to expand their sales channels (e.g., online, in-person, partnerships), CPQ software could play a crucial role in managing sales transactions across these different channels.

4. Small and Medium-Sized Enterprises: Most of the CPQ solutions were targeted towards large enterprises due to their complex sales structure. However, there is an untapped market in small and medium-sized enterprises which can be potentially profitable in the race of adopting automation tools.

5. Growing SaaS Market: Software as a Service (SaaS) market is growing at a rapid pace and CPQ software, if offered as SaaS, could open up a whole new market segment for service providers

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/27681

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