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Home>Top 6 Vendors in the Configure Price and Quote Software Market | Technavio

Top 6 Vendors in the Configure Price and Quote Software Market | Technavio

Top 6 Vendors in the Configure Price and Quote Software Market | Technavio

09/25/2017

Top 6 Vendors in the Configure Price and Quote Software Market | Technavio

Technavio has announced the top six leading vendors in their recent global configure price and quote (CPQ) software market report from 2017 to 2021. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170925006035/en/

Technavio has published a new report on the global configure price and quote (CPQ) software market f ...

Technavio has published a new report on the global configure price and quote (CPQ) software market from 2017-2021. (Graphic: Business Wire)

The CPQ software market is mainly driven by the increasing need for reducing errors in pricing and quotes among several end-user industries such as industrial machinery, automotive, retail, IT, and BFSI. Also, there is an increasing need from the IT industry in APAC, mainly from software development companies to quote their products correctly. The IT industry is a highly competitive industry and pricing and quoting plays a major role in staying ahead of the competition.

Competitive vendor landscape

The presence of many vendors has fragmented the global CPQ software market. Small players are finding it difficult to compete with the larger players such as Oracle, Salesforce, and Apttus in terms of reliability, features such as cloud support, and technological innovations. The competition in this market is expected to intensify with an increase in technological innovation and M&A during the forecast period.

“The major players in the market innovate and upgrade their products continually. The local players are not able to cope with the R&D capabilities of the big software vendors. Hence, they face the risk of technological obsolescence. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are significant risk factors for vendors,” says Ishmeet Kaur, a lead enterprise application research analyst from Technavio.

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