Configure Price and Quote (CPQ) Software Market to record USD 1.65 Bn growth; Evolving Opportunities with Accenture Plc and Aspire Technologies

PR Newswire
Wednesday, September 28, 2022 at 1:00am UTC

Configure Price and Quote (CPQ) Software Market to record USD 1.65 Bn growth; Evolving Opportunities with Accenture Plc and Aspire Technologies

PR Newswire

NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The configure price and quote (CPQ) software market size will grow by USD 1.65 billion between 2021 and 2026, according to the latest market research report by Technavio. However, the growth momentum is expected to decelerate at a CAGR of 14.13% during the forecast period. The report provides a comprehensive analysis of the growth drivers and trends, current market scenario, future growth opportunities, competitive analysis, product launches, and much more. Buy Full Report Here

The market is driven by the increasing need for higher productivity. CPQ software reduces the dependency on tedious paperwork and documentation, thereby helping the sales management personnel improve their productivity. This speeds up the process of pricing and configuration and helps organizations reduce their overall cost in pricing. CPQ software helps reduce pricing, quoting, and order errors on a large scale. The software can also be used to manage legacy system integration, overcome management challenges, and eliminate pricing data inconsistencies. Many such operational benefits are encouraging end-users to adopt CPQ software, which is driving the growth of the market.

In addition, the increase in mobility solutions is anticipated to further boost the growth of the configure price and quote (CPQ) software market. However, the lack of coordination among business units will reduce the growth potential in the market.

Major Configure Price And Quote (CPQ) Software Companies:

  • Accenture Plc
  • Aspire Technologies
  • Cincom Systems Inc.
  • CloudSense Ltd.
  • Conga
  • ConnectWise LLC
  • Experlogix LLC
  • Hansen Technologies Ltd.
  • International Business Machines Corp.
  • Koch Industries Inc.
  • Model N Inc.
  • Oracle Corp.
  • Pros Inc.
  • Revalize Inc.
  • Salesforce.com Inc.
  • SAP SE
  • Tacton Systems AB
  • Vendavo Inc.
  • Yagna iQ Inc.
  • Zuora Inc.

Configure Price And Quote (CPQ) Software Market Deployment Outlook (Revenue, USD bn, 2021-2026)

  • Cloud-based - size and forecast 2021-2026
  • On-premise - size and forecast 2021-2026

The demand for cloud-based CPQ software has remained significant in the market. The segment is driven by the growing focus of organizations on reducing their IT infrastructure cost while improving the flexibility, agility, and efficiency of marketing operations. Also, the availability of subscription-based payment options is contributing to the growth of the segment.

Configure Price And Quote (CPQ) Software Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • APAC - size and forecast 2021-2026
  • South America - size and forecast 2021-2026
  • The Middle East and Africa - size and forecast 2021-2026

APAC will have the largest share of the market. About 33% of the market growth will originate from the region during the forecast period. The increasing demand for CPQ software from industrial manufacturing, the IT industry, and the electrical and electronics industries is driving the growth of the regional market. Also, an increase in import and export trade volumes in countries such as China and India will fuel the growth of the CPQ software market in APAC over the forecast period.

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Configure Price and Quote (CPQ) Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 14.13%

Market growth 2022-2026

USD 1.65 billion

Market structure

Fragmented

YoY growth (%)

18.73

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Aspire Technologies, Cincom Systems Inc., CloudSense Ltd., Conga, ConnectWise LLC, Experlogix LLC, Hansen Technologies Ltd., International Business Machines Corp., Koch Industries Inc., Model N Inc., Oracle Corp., Pros Inc., Revalize Inc., Salesforce.com Inc., SAP SE, Tacton Systems AB, Vendavo Inc., Yagna iQ Inc., and Zuora Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments 
    • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment 
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 Cloud-based - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
  • 5.4 On-premise - Market size and forecast 2021-2026
    • Exhibit 32: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-premise - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-premise - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment 
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.12 France - Market size and forecast 2021-2026
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Accenture Plc 
    • Exhibit 89: Accenture Plc - Overview
    • Exhibit 90: Accenture Plc - Business segments
    • Exhibit 91: Accenture Plc - Key news
    • Exhibit 92: Accenture Plc - Key offerings
    • Exhibit 93: Accenture Plc - Segment focus
  • 10.4 Aspire Technologies 
    • Exhibit 94: Aspire Technologies - Overview
    • Exhibit 95: Aspire Technologies - Product / Service
    • Exhibit 96: Aspire Technologies - Key offerings
  • 10.5 Cincom Systems Inc. 
    • Exhibit 97: Cincom Systems Inc. - Overview
    • Exhibit 98: Cincom Systems Inc. - Product / Service
    • Exhibit 99: Cincom Systems Inc. - Key news
    • Exhibit 100: Cincom Systems Inc. - Key offerings
  • 10.6 Conga 
    • Exhibit 101: Conga - Overview
    • Exhibit 102: Conga - Product / Service
    • Exhibit 103: Conga - Key offerings
  • 10.7 Hansen Technologies Ltd. 
    • Exhibit 104: Hansen Technologies Ltd. - Overview
    • Exhibit 105: Hansen Technologies Ltd. - Product / Service
    • Exhibit 106: Hansen Technologies Ltd. - Key offerings
  • 10.8 International Business Machines Corp. 
    • Exhibit 107: International Business Machines Corp. - Overview
    • Exhibit 108: International Business Machines Corp. - Business segments
    • Exhibit 109: International Business Machines Corp. - Key offerings
    • Exhibit 110: International Business Machines Corp. - Segment focus
  • 10.9 Koch Industries Inc. 
    • Exhibit 111: Koch Industries Inc. - Overview
    • Exhibit 112: Koch Industries Inc. - Product / Service
    • Exhibit 113: Koch Industries Inc. - Key offerings
  • 10.10 Oracle Corp. 
    • Exhibit 114: Oracle Corp. - Overview
    • Exhibit 115: Oracle Corp. - Business segments
    • Exhibit 116: Oracle Corp. - Key news
    • Exhibit 117: Oracle Corp. - Key offerings
    • Exhibit 118: Oracle Corp. - Segment focus
  • 10.11 Salesforce.com Inc. 
    • Exhibit 119: Salesforce.com Inc. - Overview
    • Exhibit 120: Salesforce.com Inc. - Product / Service
    • Exhibit 121: Salesforce.com Inc. - Key news
    • Exhibit 122: Salesforce.com Inc. - Key offerings
  • 10.12 SAP SE 
    • Exhibit 123: SAP SE - Overview
    • Exhibit 124: SAP SE - Business segments
    • Exhibit 125: SAP SE - Key news
    • Exhibit 126: SAP SE - Key offerings
    • Exhibit 127: SAP SE - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 134: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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