Market Reserach

The Configure Price and Quote (CPQ) software market is becoming a central component of B2B sales by automating proposal creation processes and identifying opportunities. It plays a significant role, especially in sectors such as manufacturing, IT services, and telecommunications, with increasing global demand. Market analysis reports predict that the CPQ market will experience substantial growth over the next five years. In 2024, the market size is expected to reach approximately $20 billion, with projections exceeding $35 billion by 2029. Notably, the adoption of CPQ solutions is accelerating among small and medium-sized businesses (SMBs), where scalable SaaS models are proving to be a key driver. Technological Advancements and Trends in CPQ CPQ technology has greatly expanded its capabilities through advancements in AI and machine learning (ML), enabling enhanced personalization of sales opportunities. In particular, automation in proposal customization is becoming more sophis...

In a competitive business environment, companies are increasingly relying on Configure Price and Quote (CPQ) Market Forecast solutions to streamline their sales processes. CPQ software helps organizations automate the configuration, pricing, and quoting of complex products and services, significantly improving accuracy and efficiency.  With businesses continually evolving, the Configure Price and Quote (CPQ) Market Forecast indicates a steady rise in demand for these solutions as companies seek to reduce manual errors and speed up sales cycles. Market leaders, including QKS Group, are developing innovative CPQ solutions tailored to various industries, ensuring businesses can optimize their pricing strategies and deliver accurate quotes to customers. Understanding CPQ: The Basics CPQ stands for Configure, Price, Quote —a software solution designed to assist businesses in managing the sales process for customizable products and services. The software ensures that sales teams gen...