As per the latest stats, analysts estimate that Global CPQ (Configure, Price, Quote) software market is expected to reach US$3.9 Billion by 2026.
But, to accomplish this phenomenal growth, let’s first understand what sales challenges you have and how CPQ software can solve them.
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Implementation of CPQ (Configure, Price, Quote) is often a challenging, time-consuming process and it ultimately impacts the end outcome. Organizations, particularly those aiming to align their operations with revenue growth would undoubtedly benefit from using CPQ solutions since it is among the fastest-growing B2B market segment today.
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To better meet customer-specific and market-specific demands, companies are increasing product variants to meet the needs resulting in product complexity.
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In our previous CPQ blog series, we spoke about a few key reasons CPQ’s importance is growing globally. And the three key reasons for ‘Why CPQ’ is, when a business is trying to sell ‘Complex Products,’ with ‘Differential and Dynamic Pricing’ and need an ability to generate ‘Quick, Accurate and Personalized Quotes.
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