[250 Pages Report] Newly released Quote Management Software Market analysis report by Future Market Insights shows that global sales of Quote Management Software Market in 2021 was held at US$ 1.4 Billion. With 16.9% projected growth, the market in 2032 is expected to reach a valuation of US$ 7.6 Billion. CPQ .
| Attributes | Details |
|---|---|
| Global Quote Management Software Market Size (2022) | US$ 1.6 Billion |
| Global Quote Management Software Market Size (2032) | US$ 7.6 Billion |
| Global Quote Management Software Market CAGR (2022 to 2032) | 16.9% |
| USA Quote Management Software Market Size (2032) | US$ 2.7 Billion |
| Key Companies Covered |
|
Software is expected to be the highest revenue-generating category, projected to register a CAGR of 16.6% during 2022 to 2032.
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As per the Quote Management Software Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Quote Management Software Market increased at around 19.5% CAGR.
The quote management software helps to organize the workflow, integrate it with other critical business functions, and boost the sales team's productivity. Quote management software also helps keep the quotes together, win clients, and bring in revenue by digitizing the creation and emailing of professional quotes, as well as the preservation of shipping and billing details.
Quotation management software handles the job of designing and creating a quotation for the buyer. Although the degree of automation varies depending on technology and business needs, a quote management system collects data from multiple sources, synthesizes product, shipping, and buyer information, and then generates an individualized quote.
Quote Management Software ensures that sales operations are consistent. It also ensures that the company's functions are unified and reliable by delivering reliable pricing and discounts and reflecting a strong brand image in the quotes. Using quote management software, new products can be automatically updated, and configurations and price increases can be adjusted as needed. Query processing can also be accelerated by automatically sending information and approval requests to authorized sales team managers. Quote management software, which provides real-time sales and customer data, also helps CRM.
Quote Management Software necessitates participation and cooperation among the business units of the organization. If the pricing and quote management software is implemented purely by the sales team without the participation or consultation of other departments such as IT, finance, or product management, it is possible that it will fail. As a result, a lack of coordination among enterprise business units is a significant impediment to the growth of the pricing and quote management software market.
One of the key factors driving the demand for the Quote Management Software market is the growing need for improved productivity. With the help of Quote Management Software, the user or management personnel can increase productivity and reduce paperwork and documentation. Quote Management Software can also help businesses reduce overall pricing costs by speeding up the quoting or pricing process.
Closing deals is the most difficult part of the sales process for nearly 35% of salespeople. Quote management software will significantly improve their chances of closing a sale by automating the negotiation between parties and relieving their sales team of the most repetitive and error-prone part of the process.
Another factor driving the market growth is cloud-based quote management software, which saves organizations time by simplifying and streamlining the quote management process. Because of the cloud-based model, users can access applications from any location using their laptops, smartphones, or desktop computers.
Principal Consultant
North America is the most lucrative region with double-digit projected growth. According to the Forrester Sales Activity Study, quoting is one of the most important opportunities for increasing sales productivity.
In Canada, ConnectWise Sell software is widely used in quoting. ConnectWise Sell is an IT solution provider’s quote and proposal automation software. ConnectWise Sell provides a number of tools to help IT solution providers save time, quote more, and win big.
The United States is expected to account for the largest market share of US$ 2.7 Bn by the end of 2032 with North America being the dominant player and accounting for over 35% of total sales. A number of software development-related trends in technology in the United States are pointing to significant changes affecting the future of quote management software development work, such as a shift to scalable solutions, a bigger focus on data, the integration of IT and non-IT industries, and the cloud as the dominant computing paradigm.
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CPQ Software segment is forecasted to grow at the highest CAGR of over 16.6% during 2022-2032. Configure Price Quote (CPQ) software is used by businesses in a variety of industries to generate quotes and process orders for configurable products. CPQ software solutions are in high demand due to the growing demand for increased productivity in enterprises and businesses. Demand for CPQ applications is increasing due to the increased adoption of automation solutions by various enterprises that seek to save time and money. Another key growth driver is the need to reduce sales staff’s reliance on documentation and paperwork.
Demand for CPQ software mobile applications is being driven by increased enterprise mobility and smartphone adoption in enterprise settings. CPQ software solutions are becoming more popular as a result of several innovations that benefit e-commerce applications. Open-source CPQ software is likely to stifle market growth. Other factors influencing CPQ software adoption include high upfront and ongoing costs, as well as the difficulty of scaling to partners and channels.
DealHub reinvents CPQ by combining corporate CPQ, subscription management, contract lifecycle management, and virtual deal rooms into a solitary, vibrant quoting and contracting platform driven by the most interactive and customizable self-service buyer experience on the market. The next-generation hybrid commerce engine from DealHub combines the scope and reliability of a custom-coded CPQ solution with the agility of a company-designed no-code ecosystem, enabling simple configuration and continuous changes.
The Large Enterprise segment is forecasted to grow at the highest CAGR of over 16.5% during 2022-2032. Quote management software assists large enterprises in gaining accurate insight into critical sales functions by providing real-time access to accurate data. Client information, schedules, performance details, and transaction history are all displayed clearly, allowing users to better understand their business and make necessary changes. By utilizing intelligent reporting tools and templates, insights derived from quote management software can be embedded and used by other functions of a large business. Information obtained from quote management software could be merged and is used by other features of a large company using intelligent reporting toolkits.
The built-in quotation management system in Fieldpoint, for instance can automatically change customer quotes into work orders. Instead of generating a new work order, the technicians can provide an on-the-spot quote for additional work that can be added to an existing one. The portal can be used to add parts and job tasks, as well as apply special customer pricing and taxes and send quotes to customers.
The leading pricing and quote management software vendors are Callidus Software, ConnectWise Inc., FPX, LLC, Apttus Corporation, IBM Corporation, Oracle Corp, Model N, Inc., Salesforce, Vendavo, Inc., Aspire Technologies, Inc., Cincom Systems, Inc., PROS, Inc., and SAP AG. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.
Some of the key recent developments in quote management software market are as follows:
Similarly, recent developments related to companies in Quote Management Software Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Quote Management Software Market is worth more than US$ 1.4 Bn at present.
The value of Quote Management Software Market is projected to increase at a CAGR of around 16.9% during 2022 – 2032.
The value of Quote Management Software Market increased at a CAGR of around 19.5% during 2017 – 2021.
The increasing demand for increased productivity, lowering overall pricing and Quote Management Software in the Cloud, stands as the key trend in the Quote Management Software market.
The market for Quote Management Software Market in US is projected to expand at a CAGR of around 16.6% during 2022 – 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Quote Management Software Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Quote Management Software Market (US$ Mn)
4.2. Quote Management Software Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Quote Management Software Market Growth
4.5.3. Quote Management Software Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Quote Management Software Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Quote Management Software Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Quote Management Software Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032, By Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2022-2032
8.3.1. CPQ Software
8.3.2. Pricing Software
8.3.3. Proposal Software
8.3.4. Visual Configuration Software
8.4. Market Attractiveness Analysis By Product Type
9. Global Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032, By Industry
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Industry, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry, 2022-2032
9.3.1. Large Enterprises
9.3.2. SMEs
9.4. Market Attractiveness Analysis By Industry
10. Global Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Product Type
11.4.3. By Industry
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Product Type
11.5.3. By Industry
12. Latin America Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Product Type
12.4.3. By Industry
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By Industry
13. Europe Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. U.K.
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Product Type
13.4.3. By Industry
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By Industry
14. Asia Pacific Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Product Type
14.4.3. By Industry
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By Industry
15. Middle East and Africa Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Product Type
15.4.3. By Industry
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By Industry
16. Key Countries Quote Management Software Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Quote Management Software Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.2.2.1. By Product Type
16.2.2.2. By Industry
16.3. Canada Quote Management Software Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.3.2.1. By Product Type
16.3.2.2. By Industry
16.4. Mexico Quote Management Software Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.4.2.1. By Product Type
16.4.2.2. By Industry
16.5. Brazil Quote Management Software Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.5.2.1. By Product Type
16.5.2.2. By Industry
16.6. Germany Quote Management Software Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.6.2.1. By Product Type
16.6.2.2. By Industry
16.7. France Quote Management Software Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.7.2.1. By Product Type
16.7.2.2. By Industry
16.8. Italy Quote Management Software Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.8.2.1. By Product Type
16.8.2.2. By Industry
16.9. BENELUX Quote Management Software Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.9.2.1. By Product Type
16.9.2.2. By Industry
16.10. UK Quote Management Software Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.10.2.1. By Product Type
16.10.2.2. By Industry
16.11. Nordic Countries Quote Management Software Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.11.2.1. By Product Type
16.11.2.2. By Industry
16.12. China Quote Management Software Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.12.2.1. By Product Type
16.12.2.2. By Industry
16.13. Japan Quote Management Software Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.13.2.1. By Product Type
16.13.2.2. By Industry
16.14. South Korea Quote Management Software Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.14.2.1. By Product Type
16.14.2.2. By Industry
16.15. GCC Countries Quote Management Software Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.15.2.1. By Product Type
16.15.2.2. By Industry
16.16. South Africa Quote Management Software Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.16.2.1. By Product Type
16.16.2.2. By Industry
16.17. Turkey Quote Management Software Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.17.2.1. By Product Type
16.17.2.2. By Industry
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Accenture Plc
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Apttus Corp.
18.3.3. Aspire Technologies Inc.
18.3.4. Cincom Systems Inc.
18.3.5. International Business Machines Corp.
18.3.6. Infor Inc.
18.3.7. Oracle Corp.
18.3.8. Salesforce
18.3.9. SAP SE
18.3.10. Sigma Systems Canada LP
19. Assumptions and Acronyms Used
20. Research Methodology
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