Lewes, DE -- (SBWIRE) -- 10/20/2017 -- Report forecast the global configure price and quote (CPQ) software market to grow at a CAGR of 14.53% during the period 2017-2021.

CPQ software is an enterprise software application used by end-users (including B2B and B2C businesses) to bring together activities such as configuring, quoting, and pricing of their products. The software helps ease the process of quoting of products made through make-to-order (MTO) and assemble-to-order (ATO) production methods. The low price of CPQ software has made it affordable for many SMBs in developing countries such as India, China, and Brazil to adopt CPQ software for pricing and quoting.

The report covers the present scenario and the growth prospects of the global configure price and quote (CPQ) software market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is increasing need for higher productivity. The CPQ software helps sales management personnel to improve their productivity by reducing the dependency on tedious paperwork and documentation. It speeds up the process of pricing and configuration and also helps organizations reduce their overall cost in pricing. CPQ software, especially cloud-based CPQ software, also help organizations save time. For instance, vendors such as Salesforce help enterprises to scale up their pricing and selling strategies in very less time compared with on-premises applications.

Further, the report states that one challenge in the market is lack of coordination among business units. Many organizations fail to implement CPQ due to the lack of coordination among their business units. The implementation of CPQ software requires the coordination and participation of multiple business units within an enterprise. Sales teams play a major role and take the initiative for the implementation of CPQ software in a company. The implementation of CPQ software by sales teams without proper consultation with the other departments/business units such as IT, product management, and finance can lead to the failure of CPQ software implementation.

Global Configure Price and Quote (CPQ) Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global configure price and quote (CPQ) software market: Apttus, Callidus Software, FPX, Oracle, PROS, and Salesforce.com.

Other Prominent Vendors in the market are: Aspire Technologies, Cincom Systems, ConnectWise, IBM, Infor, Model N, SAP, and Vendavo.

Market driver
- Increasing need for higher productivity
- For a full, detailed list, view our report

Market challenge
- Lack of coordination among business units
- For a full, detailed list, view our report

Market trend
- Increase in mobility solutions
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 66 pages "Global Configure Price and Quote (CPQ) Software Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Market landscape, Market segmentation by deployment, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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