Global Quote-To-Cash (Q2c) Software Market Size By Deployment Type, By Application, By Geographic Scope And Forecast
Report ID: 244826|No. of Pages: 202
Global Quote-To-Cash (Q2c) Software Market Size By Deployment Type, By Application, By Geographic Scope And Forecast
Quote-To-Cash (Q2c) Software Market Size And Forecast
Quote-To-Cash (Q2c) Software Market size was valued at USD 1172.69 Million in 2024 and is projected to reach USD 2749.76 Million by 2031, growing at a CAGR of 12.40% during the forecast period 2024-2031.
Quote-to-cash, (QTC or Q2C) is the sales and payment process. Quote-to-cash (QTC) software is the process of managing sales quotes, tracking orders, creating invoices, checking payments, and maintaining good customer relations other aspects of your business that precede the quote include branding and marketing. The cycle begins when a customer request product or service information that requires an organization’s marketing department to create a formal written document called quotations. This document contains all relevant details about what will be supplied in response to the quotation request. If the customer accepts this it enables organizations to start their work to fulfill their order as per the terms written in the quotation.
Global Quote-To-Cash (Q2c) Software Market Definition
Quote-to-cash (Q2C) software is type of software which helps to manage the entire sales process, from quoting to tracking sales orders to revenue management. Companies use this to improve the productivity of their sales teams, to streamline their sales processes, and provide better services to customer. Q2C software is generally used by sales departments but other departments such as accountants use Q2C tools to track and manage revenue generated by sales, engineering or design departments for specific customer requirements to create customized products.
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Global Quote-To-Cash (Q2c) Software Market Overview
Quote-To-Cash (Q2c) Software Market is growing with each passing day as businesses are becoming more aware of its various benefits which leads to an increase in the market share of this market across the globe. The various benefits that is attracting businesses would be Automating quote-to-cash processes reducing the choirs that exist in different departments increasing the communication resulting in a more efficient operation and fulfilling the customer demand on time. When quote-to-cash processes are automated, human errors significantly decrease which minimizes quoting errors.
Some of the restraints that companies are facing are their inability to create competitive quotes as not all sales quotes become purchases, inaccurate invoices, and delayed payments. If the company reduces this restraint it will directly improve its sales. Increasing awareness about Q2C among small and medium enterprises has created huge demand along with government initiatives that are driving growth across industries globally.
The way in which companies are adopting QTC software technology has increased significantly due to its features such as improved governance & compliance, enhanced business processes, faster workflow management, etc., which have helped organizations to calculate the risks associated with financial transactions with high speed and accuracy. Furthermore, expanding number of new customers with higher demand from the existing customers is projected to open new gateways for the market growth.
Global Quote-To-Cash (Q2c) Software Market: Segmentation Analysis
The Global Quote-To-Cash (Q2c) Software Market is Segmented on the basis of Deployment Type, Application, And Geography.
Quote-To-Cash (Q2c) Software Market, By Deployment Type
- Cloud Based
- Web Based
Based on Deployment Type, The market is segmented into Cloud Based And Web Based. The Web based segment emerged as the leading segment in 2021 whereas, the cloud based segment is projected to show strong growth in the years to follow. Web based solution is on-demand due to their easy maintenance, cost-saving over the traditional on-premises solution,its incredible flexibility and many more benefits. Whereas Cloud-Based provides better access to users anywhere at any time, and provides better scalability with the low initial investment.
Quote-To-Cash (Q2c) Software Market, By Application
- Large Enterprises
- SMEs
Based on Application, The market is segmented into Large Enterprises and SMEs. Large enterprises grabbed the largest share in 2021. The large enterprise application segment is capturing the market due to the huge customer base they have which requires flexibility when it comes to quoting prices, provides real-time information about quotes, and helps to know purchase orders status and invoices paid by customers.
Quote-To-Cash (Q2c) Software Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, The Global Quote-To-Cash (Q2c) Software Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.North America is the leading region by accounting largest market share in 2021. Growth of this market is mainly due to growing business in the region creating higher demand for sales management technology. Quote to Cash (QC) Software Market offers huge opportunities for growth.
Key Players
The “Global Quote-To-Cash (Q2c) Software Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Sales force, IBM, Cloud sense, Infor CPQ, Blueprint CPQ, Powetrak, QuoteWerks, Armatic, and experlogix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| Key Companies Profiled | Sales force, IBM, Cloud sense, Infor CPQ, Blueprint CPQ, Powetrak, QuoteWerks, Armatic, and experlogix. |
| Segments Covered |
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| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET, BY DEPLOYMENT TYPE
5.1 Overview
5.2 Web Based
5.3 Cloud Based
6 GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET, BY APPLICATION
6.1 Overview
6.2 Large Enterprise
6.3 SMEs
7 GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL QUOTE-TO-CASH (Q2C) SOFTWARE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 IBM
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Sales Force
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Cloud sense
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Infor CPQ
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Blueprint CPQ
9.5.1 Powetrak Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 QuoteWerks
9.6.1 Armatic Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 experlogix.
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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