Configure Price and Quote (CPQ) Software Market Market Size, Share, Trends, Growth Outlook

Configure Price and Quote (CPQ) Software Market is estimated to increase at a growth rate of 17.8% CAGR over the forecast period from 2024 to 2030.

The global Configure Price and Quote (CPQ) Software Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Deployment (Cloud-based, On-premise), By End-User (IT and telecom, BFSI, Automobile, Retail, Others).

An Introduction to Configure Price and Quote (CPQ) Software Market, 2024

The Configure Price and Quote (CPQ) Software Market in 2024 represents a critical component of sales automation and revenue optimization strategies for businesses across various industries, enabling organizations to streamline the complex process of configuring, pricing, and quoting products and services to customers. CPQ software solutions automate manual tasks, ensure pricing accuracy, and provide guided selling recommendations to sales teams, resulting in faster quote generation, improved sales productivity, and enhanced customer experiences. The market experiences robust growth driven by factors such as increasing product complexity, dynamic pricing models, and the need for omnichannel sales engagement. CPQ software vendors offer scalable and customizable platforms equipped with features such as product configurators, pricing engines, and quote management tools to meet the diverse needs of enterprises, from small businesses to large enterprises. Additionally, integrations with customer relationship management (CRM) systems, enterprise resource planning (ERP) platforms, and e-commerce solutions extend the capabilities and value of CPQ software across the sales lifecycle. As organizations seek to optimize pricing strategies, accelerate sales cycles, and drive revenue growth, the CPQ software market remains integral to enhancing sales effectiveness and competitiveness in a rapidly evolving business landscape.

Configure Price and Quote (CPQ) Software Market Competitive Landscape

The global Configure Price and Quote (CPQ) Software Market Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Configure Price and Quote (CPQ) Software Market Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Configure Price and Quote (CPQ) Software Market Industry include- Accenture Plc, Apttus Corp, Aspire Technologies, Cincom Systems Inc, CloudSense Ltd, ConnectWise LLC, Experlogix LLC, Hansen Technologies Ltd, International Business Machines Corp, Koch Industries Inc, Model N Inc, Oracle Corp, Pros Holdings Inc, Revalize Inc, Salesforce Inc, SAP SE, Tacton Systems AB, Vendavo Inc, Yagna iQ Inc, Zuora Inc

Configure Price and Quote (CPQ) Software Market Trend: Adoption of AI-powered CPQ Solutions

A significant trend in the Configure Price and Quote (CPQ) Software Market is the increasing adoption of AI-powered solutions, driven by the need for enhanced automation, personalization, and efficiency in sales processes. Organizations are leveraging AI technologies, such as machine learning algorithms and natural language processing, to automate complex configuration tasks, optimize pricing strategies, and generate accurate quotes tailored to individual customer needs. AI-powered CPQ solutions enable organizations to streamline sales workflows, improve quote accuracy, and accelerate sales cycles, leading to increased productivity and revenue growth. This reflects a shift towards intelligent sales automation and AI-driven decision-making in the CPQ software market, driving demand for advanced CPQ solutions that leverage AI capabilities to deliver superior sales performance and customer experiences.

Configure Price and Quote (CPQ) Software Market Driver: Demand for Streamlined Sales Processes and Improved Sales Performance

A significant driver propelling the Configure Price and Quote (CPQ) Software Market is the increasing demand for streamlined sales processes and improved sales performance, fueled by competitive pressures, digital transformation initiatives, and the need for agility in responding to customer requirements. As businesses strive to differentiate themselves in crowded markets and meet evolving customer expectations, there's a growing emphasis on optimizing sales processes, reducing sales cycle times, and increasing sales efficiency. CPQ software empowers sales teams to configure complex product offerings, generate accurate quotes, and streamline pricing approvals, enabling organizations to respond faster to customer inquiries, win more deals, and drive revenue growth. The focus on improving sales effectiveness and maximizing revenue opportunities drives market demand for CPQ solutions that offer intuitive interfaces, seamless integrations, and advanced features to support complex sales scenarios and drive sales performance improvement.

Configure Price and Quote (CPQ) Software Market Opportunity: Expansion into Vertical-specific CPQ Solutions

An untapped opportunity in the Configure Price and Quote (CPQ) Software Market lies in the expansion into vertical-specific CPQ solutions tailored to the unique needs and requirements of specific industries or market segments. While CPQ software has traditionally been deployed across various industries, there's an opportunity for vendors to develop industry-specific CPQ solutions that address the specific challenges, regulations, and workflows of vertical markets such as manufacturing, healthcare, automotive, and telecommunications. Vertical-specific CPQ solutions can offer industry-specific configurators, pricing models, and quote templates optimized for the unique product offerings and sales processes of each industry, providing organizations with tailored solutions that deliver greater value and competitive advantage. By expanding into vertical-specific CPQ solutions, vendors can capitalize on industry-specific opportunities, address niche markets, and differentiate their offerings in the highly competitive CPQ software market, driving growth and market expansion.

Configure Price and Quote (CPQ) Software Market Market Segmentation

By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Configure Price and Quote (CPQ) Software Market Companies

Accenture Plc
Apttus Corp
Aspire Technologies
Cincom Systems Inc
CloudSense Ltd
ConnectWise LLC
Experlogix LLC
Hansen Technologies Ltd
International Business Machines Corp
Koch Industries Inc
Model N Inc
Oracle Corp
Pros Holdings Inc
Revalize Inc
Salesforce Inc
SAP SE
Tacton Systems AB
Vendavo Inc
Yagna iQ Inc
Zuora Inc
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Configure Price and Quote (CPQ) Software Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Configure Price and Quote (CPQ) Software Market Size Outlook, $ Million, 2021 to 2030
3.2 Configure Price and Quote (CPQ) Software Market Outlook by Type, $ Million, 2021 to 2030
3.3 Configure Price and Quote (CPQ) Software Market Outlook by Product, $ Million, 2021 to 2030
3.4 Configure Price and Quote (CPQ) Software Market Outlook by Application, $ Million, 2021 to 2030
3.5 Configure Price and Quote (CPQ) Software Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Configure Price and Quote (CPQ) Software Industry
4.2 Key Market Trends in Configure Price and Quote (CPQ) Software Industry
4.3 Potential Opportunities in Configure Price and Quote (CPQ) Software Industry
4.4 Key Challenges in Configure Price and Quote (CPQ) Software Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Configure Price and Quote (CPQ) Software Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Configure Price and Quote (CPQ) Software Market Outlook by Segments
7.1 Configure Price and Quote (CPQ) Software Market Outlook by Segments, $ Million, 2021- 2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

8 North America Configure Price and Quote (CPQ) Software Market Analysis and Outlook To 2030
8.1 Introduction to North America Configure Price and Quote (CPQ) Software Markets in 2024
8.2 North America Configure Price and Quote (CPQ) Software Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Configure Price and Quote (CPQ) Software Market size Outlook by Segments, 2021-2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

9 Europe Configure Price and Quote (CPQ) Software Market Analysis and Outlook To 2030
9.1 Introduction to Europe Configure Price and Quote (CPQ) Software Markets in 2024
9.2 Europe Configure Price and Quote (CPQ) Software Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Configure Price and Quote (CPQ) Software Market Size Outlook by Segments, 2021-2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

10 Asia Pacific Configure Price and Quote (CPQ) Software Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Configure Price and Quote (CPQ) Software Markets in 2024
10.2 Asia Pacific Configure Price and Quote (CPQ) Software Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Configure Price and Quote (CPQ) Software Market size Outlook by Segments, 2021-2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

11 South America Configure Price and Quote (CPQ) Software Market Analysis and Outlook To 2030
11.1 Introduction to South America Configure Price and Quote (CPQ) Software Markets in 2024
11.2 South America Configure Price and Quote (CPQ) Software Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Configure Price and Quote (CPQ) Software Market size Outlook by Segments, 2021-2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

12 Middle East and Africa Configure Price and Quote (CPQ) Software Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Configure Price and Quote (CPQ) Software Markets in 2024
12.2 Middle East and Africa Configure Price and Quote (CPQ) Software Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Configure Price and Quote (CPQ) Software Market size Outlook by Segments, 2021-2030
By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Accenture Plc
Apttus Corp
Aspire Technologies
Cincom Systems Inc
CloudSense Ltd
ConnectWise LLC
Experlogix LLC
Hansen Technologies Ltd
International Business Machines Corp
Koch Industries Inc
Model N Inc
Oracle Corp
Pros Holdings Inc
Revalize Inc
Salesforce Inc
SAP SE
Tacton Systems AB
Vendavo Inc
Yagna iQ Inc
Zuora Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Deployment
Cloud-based
On-premise
By End-User
IT and telecom
BFSI
Automobile
Retail
Others