Configure Price Quote Software Market Size, Share, Growth, And Industry Analysis By Type (Cloud Based, On-Premise, And Configure Price Quote Software) By Application (Large Enterprises And SMEs), Regional Insights, and Forecast To 2032

Updated On: 08 July 2024

Configure Price Quote Software Market Report Overview

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The global configure price quote software market size was USD 1891.3 million in 2022 and is projected to touch USD 5006.4 million by 2032, at a CAGR of 10.2% during forecast period. 

An instrument designed for businesses to bargain and assess the profitability of a sale is configure price quote software. A set of components and features are included in the configure price quote software to aid consumers in creating their ideal product from a variety of available services, goods, and components. The pricing of the desired product is determined by the configuration the customer has made, and the product is then made available either at the same price or with a discounted offer considering the profit margins achieved on the sale of the aforementioned product. The configure price quote software also helps in the production of quotation documentation for the software's user, which takes the shape of a presentation and contains confidential information about the good or service. Modern B2B vendors' and buyers' needs are met by this configure price quote software.

The demand for greater productivity levels among buyers and sellers is the main factor influencing the growth of the configure price quotation software industry. The market for configure price quotation software is beneficial to the business since it may help the sales force of the business increase their output while minimizing the quantity of manual and pointless paperwork. The market is a component of the digitization program, which has significantly aided in market expansion. The market for configure price quotation software is also expanding at an exponential rate as a result of the software's ability to assist businesses to save time, solving management problems, and eliminating pricing data inconsistencies.

COVID-19 Impact: Lack Of Activity Hampered Market Growth

Due to a lack of activity in global markets following the abrupt introduction of the COVID-19 virus, the international economy collapsed. The COVID-19 outbreak had negative repercussions on markets all around the world as a result of the rigorous lockdown imposed by the various governments of the world to stop the virus' spread. Similarly, the slow usage of the product during the pandemic caused the configure price quote software market growth to slow down. Due to a lack of activity among customers of firms and organizations, the sales of the market of configure price quote software were also hindered by a lack of activity among software users. Despite the rise in online orders during the outbreak, the market for configure price quote software had very little utilization; nonetheless, the shortage of deliveries during the initial phase had an impact on the market.

Latest Trends

"Addition Of Cloud-Based Feature Drives Product Demand"

The feature of a cloud-based storage solution has been added to the market for configure price quote software, enabling users to view their data from anywhere in the world. The fact that the cloud is based on the internet means that numerous data backups are stored there and are quickly accessible using user credentials. The incorporation of this function has improved the caliber of the work and allowed the staff to save a significant amount of time.

Configure Price Quote Software Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into cloud based, on-premise, and configure price quote software. Cloud based segment is expected to dominate the market by type during the forecast period.

• By Application Analysis

Based on application, the market can be divided into large enterprises and SMEs. Among both of these segments, large enterprises will lead the market for configure price quote software by application during the forecast period.

Driving Factors

"Automation Solution Popularity Facilitates Market Value"

The growing popularity of the adaption of automation solutions has taken the world of business through the storm. In recent years, the market for configure price quotation software has grown quickly due to the increased productivity brought about by automation, which has enabled businesses to operate more efficiently while cutting costs and time while maintaining profits. The business has been able to plan its sales thanks to the use of this software.

"Need For Higher Productivity Drives Product Value"

Companies seek to increase the efficiency of their sales team in a shorter amount of time while keeping as much profit as they can, which is the main driver behind the market success of configure price quotation software. The amount of productive work being done in the office has increased due to the lack of pointless paperwork. The market's expansion, which is closely related to the significantly enhanced productivity, has also been influenced by the speed of the pricing configuration process for products.

Restraining Factors

"Low Coordination Efforts Among Businesses Impedes Market Expansion"

The lack of coordination between the various business units inside a firm is one of the main obstacles and a market limitation that the configure price quote software market is currently experiencing. The lack of such coordination has somewhat hampered the development since the large-scale installation of configure price quote software requires cooperation among the numerous business units of a given firm. Without the proper consultation regarding the pricing and discounted offer price with departments such as finance, IT, and product management leads to a disaster of miscommunications. The market for configure price quote software is not growing as a result of this factor.

Configure Price Quote Software Market Regional Insights

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"Developed IT Sector Helps North America, Dominates Market"

The North American region is majorly dominating the configure price quote software market share by owning most of it. This is a result of the region's strong information and technology infrastructure, which is constantly expanding, and the fact that it is one of the first to adopt new technologies.

By implementing numerous new technologies, the Asia Pacific region's market for configure price quote software is expanding quickly. The market's development in the area has been facilitated by the adoption of cloud-based technologies. Furthermore, the IT infrastructure in the Asia Pacific region is growing which helping the market develop.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Apttus (U.S.)
• Salesforce (U.S.)
• Callidus Software (United Arab Emirates)
• Oracle (U.S.)
• Infor (U.S.)
• FPX (U.S.)
• PROS (U.S.)
• Aspire Technologies (QuoteWerks) (United Kingdom)
• SAP (Germany)
• IBM (U.S.)
• Configure One (U.S.)
• Axonom (U.S.)
• Cincom Systems (U.S.)
• ConnectWise Sell (formly Quosal) (U.S.)
• Experlogix (U.S.)
• Technicon Systems (U.S.)
• PandaDoc (U.S.)
• e Market Places LLC (CPQcart) (Australia)
• Model N (U.S.)
• Vendavo (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.