The configure price and quote (CPQ) software market is expected to grow by USD 1.14 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the configure price and quote (CPQ) software market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The configure price and quote (CPQ) software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Configure Price and Quote (CPQ) Software Market Participants:
Accenture Plc
Accenture Plc operates its business through segments such as Communications, Media & Technology, Financial Services, Health & Public Service, Products, and Resources. The company offers a range of CPQ software such as BIT2WIN cloud suite.
Apttus Corp.
Apttus Corp. operates its business through segments such as Intelligent Middle Office, Quote-to-Cash, Configure price quote, Contract lifecycle management, Revenue Management, E-Commerce, Artificial Intelligence-Max, and X-AUTHOR. The company offers a range of CPQ software such as Apttus CPQ.
Aspire Technologies Inc.
Aspire Technologies Inc. operates its business through segments such as Products and Solutions. The company offers a range of CPQ software such as QuoteWerks CPQ software.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
Configure Price and Quote (CPQ) Software Market 2020-2024: Segmentation
Configure price and quote (CPQ) software market is segmented as below:
- Deployment
- On-premise
- Cloud-Based
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
The configure price and quote (CPQ) software market is driven by the increasing need for higher productivity. In addition, other factors such as the increasing need for CPQ software from APAC are expected to trigger the configure price and quote (CPQ) software market toward witnessing a CAGR of over 13% during the forecast period.
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