×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

Quote Management Software Market

ID: MRFR/ICT/30106-HCR
100 Pages
Aarti Dhapte
October 2025

Quote Management Software Market Research Report: By Software Deployment Model (Cloud-Based, On-Premises, Hybrid), By End User Industry (Insurance, Manufacturing, Telecommunications, Financial Services, Retail), By Quote Generation Type (Standard Quotes, Custom Quotes, Automated Quotes), By Integration Capability (CRM Integration, ERP Integration, API Integration), By User Type (Small Enterprises, Medium Enterprises, Large Enterprises) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to ... read more

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Quote Management Software Market Infographic
Purchase Options

Quote Management Software Market Summary

As per MRFR analysis, the Quote Management Software Market Size was estimated at 3.015 USD Billion in 2024. The Quote Management Software industry is projected to grow from 3.286 USD Billion in 2025 to 7.758 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.97 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Quote Management Software Market is experiencing robust growth driven by technological advancements and evolving customer needs.

  • The integration of Artificial Intelligence is transforming the Quote Management Software Market landscape, enhancing efficiency and accuracy.
  • North America remains the largest market, while the Asia-Pacific region is emerging as the fastest-growing area for Quote Management Software Market solutions.
  • Cloud-Based solutions dominate the market, yet Hybrid models are gaining traction as businesses seek flexibility and scalability.
  • Rising demand for automation and increasing complexity of pricing models are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 3.015 (USD Billion)
2035 Market Size 7.758 (USD Billion)
CAGR (2025 - 2035) 8.97%

Major Players

Salesforce (US), Oracle (US), SAP (DE), Conga (US), Zycus (IN), Proposify (CA), QuoteWerks (US), PandaDoc (US), Qwilr (AU)

Quote Management Software Market Trends

The Quote Management Software Market is currently experiencing a notable evolution, driven by the increasing demand for streamlined sales processes and enhanced customer engagement. Organizations are recognizing the necessity of efficient quote generation and management to remain competitive in a rapidly changing business landscape. This software facilitates the automation of pricing, proposal creation, and contract management, thereby reducing errors and improving response times. As businesses strive for operational excellence, the integration of advanced analytics and artificial intelligence into quote management solutions appears to be gaining traction, enabling organizations to make data-driven decisions and optimize their pricing strategies. Moreover, the growing emphasis on customer experience is influencing the Quote Management Software Market. Companies are seeking solutions that not only enhance internal workflows but also provide a seamless experience for clients. This trend suggests a shift towards more user-friendly interfaces and customizable features that cater to specific industry needs. As the market continues to evolve, it is likely that the focus will remain on developing innovative functionalities that support collaboration and improve overall sales effectiveness, ensuring that organizations can adapt to the dynamic demands of their clientele.

Integration of Artificial Intelligence

The integration of artificial intelligence into quote management solutions is becoming increasingly prevalent. This trend indicates a shift towards automating complex pricing strategies and enhancing predictive analytics capabilities, which may lead to more accurate and timely quotes.

Focus on Customer Experience

There is a growing emphasis on enhancing customer experience within the Quote Management Software Market. Solutions are being designed with user-friendly interfaces and customizable features, suggesting that organizations prioritize client satisfaction and engagement.

Cloud-Based Solutions

The adoption of cloud-based quote management solutions is on the rise. This trend suggests that businesses are seeking flexibility and scalability, allowing for easier access to data and collaboration across teams, regardless of location.

Quote Management Software Market Drivers

Rising Demand for Automation

The Quote Management Software Market is experiencing a notable surge in demand for automation solutions. Organizations are increasingly seeking to streamline their quoting processes, reduce manual errors, and enhance efficiency. Automation not only accelerates the quote generation process but also ensures consistency in pricing and terms. According to recent data, companies that implement automated quoting systems report a 30% reduction in quote turnaround time. This trend is likely to continue as businesses recognize the potential for automation to improve operational efficiency and customer satisfaction. As a result, the Quote Management Software Market is poised for growth, driven by the need for faster and more accurate quoting solutions.

Expansion of E-commerce Platforms

The Quote Management Software Market is significantly impacted by the expansion of e-commerce platforms. As more businesses transition to online sales models, the need for efficient quote management solutions becomes paramount. E-commerce platforms often require seamless integration with quote management software to provide customers with accurate pricing and quick quotes. Recent statistics suggest that e-commerce sales are projected to grow by 15% annually, driving the demand for quote management solutions that can support high-volume transactions. This trend indicates that the Quote Management Software Market will continue to evolve, adapting to the needs of businesses operating in the digital marketplace.

Regulatory Compliance Requirements

The Quote Management Software Market is also shaped by the increasing regulatory compliance requirements across various industries. Organizations must adhere to strict guidelines regarding pricing transparency, contract management, and customer data protection. As compliance becomes more complex, businesses are turning to quote management software to ensure they meet these regulatory standards. The market data reveals that companies investing in compliance-focused quote management solutions experience a 15% reduction in compliance-related penalties. This trend underscores the importance of integrating compliance features into quote management systems, positioning the Quote Management Software Market for growth as businesses prioritize adherence to regulatory frameworks.

Emphasis on Data-Driven Decision Making

In the Quote Management Software Market, there is a growing emphasis on data-driven decision making. Organizations are increasingly leveraging analytics to inform their quoting strategies, enabling them to make more informed pricing decisions. By utilizing data analytics, businesses can identify trends, forecast demand, and optimize their quoting processes. This shift towards data-driven approaches is supported by the fact that companies that adopt analytics-driven quote management solutions report a 20% improvement in quote accuracy. As the importance of data continues to rise, the Quote Management Software Market is likely to see increased investment in analytics capabilities, further enhancing the effectiveness of quoting processes.

Increasing Complexity of Pricing Models

The Quote Management Software Market is influenced by the growing complexity of pricing models across various sectors. As businesses expand their offerings and enter new markets, they often encounter intricate pricing structures that require sophisticated management tools. This complexity necessitates the use of advanced quote management solutions that can handle multiple pricing tiers, discounts, and promotions. Market data indicates that organizations utilizing specialized quote management software can achieve up to a 25% increase in revenue by optimizing their pricing strategies. Consequently, the demand for robust quote management solutions is expected to rise, as companies seek to navigate the challenges posed by evolving pricing dynamics.

Market Segment Insights

By Software Deployment Model: Cloud-Based (Largest) vs. Hybrid (Fastest-Growing)

In the Quote Management Software Market, there are three primary software deployment models: Cloud-Based, On-Premises, and Hybrid. Currently, Cloud-Based solutions dominate the market, offering scalability and flexibility that appeals to a wide range of enterprises. On-Premises deployments still retain a segment of loyal users, primarily in organizations where data security and compliance remain paramount. Meanwhile, Hybrid solutions are carving out a unique space, as they allow businesses to enjoy the benefits of both cloud and on-premises infrastructures. Growth trends reveal that the Quote Management Software Market is experiencing a significant shift towards Cloud-Based deployment. This model is favored for its accessibility, ease of integration, and cost-effectiveness. The Hybrid model is also showing promising growth as more companies aim to find a balance between performance and control, allowing them to adapt to rapidly changing business environments while leveraging existing on-premises systems alongside cloud capabilities.

Deployment Models: Cloud-Based (Dominant) vs. Hybrid (Emerging)

Cloud-Based deployment models are currently the dominant force in the Quote Management Software Market, primarily due to their ability to provide businesses with rapid scalability, lower upfront costs, and reduced maintenance burdens. Companies leveraging Cloud-Based solutions benefit from seamless updates and integration capabilities with other software tools, enhancing operational efficiency. In contrast, Hybrid systems are emerging as a compelling alternative, offering the flexibility to combine both cloud and on-premises infrastructure. This model is particularly attractive for organizations that need to maintain certain sensitive data on-premises while leveraging the advantages of cloud computing for operational functions. As businesses increasingly prioritize flexibility and cost-efficiency, the Hybrid model is poised to attract significant investment in the coming years.

By End User Industry: Insurance (Largest) vs. Telecommunications (Fastest-Growing)

The Quote Management Software Market is witnessing a significant distribution across various end user industries. The Insurance sector accounts for the largest share, driven by the need for streamlined processes in risk assessment and policy management. Meanwhile, industries like Telecommunications are emerging rapidly, capitalizing on technological advancements to enhance customer service and operational efficiency. As organizations recognize the value of automated quote management, the market is expected to evolve accordingly.

Insurance (Dominant) vs. Telecommunications (Emerging)

The Insurance sector remains the dominant player in the Quote Management Software Market, utilizing these tools to improve underwriting processes and enhance customer interactions. With the rise of digital insurance platforms, the necessity for effective quote management has become paramount. In contrast, the Telecommunications industry is emerging as a significant user of these solutions, leveraging the software to streamline service offerings and enhance customer engagement. This shift reflects the industry's response to increasing competition and the demand for swift, accurate quote generation to retain customer loyalty and satisfaction.

By Quote Generation Type: Standard Quotes (Largest) vs. Automated Quotes (Fastest-Growing)

In the Quote Management Software Market, the segment of Standard Quotes holds the largest market share, mainly due to their widespread acceptance and familiarity among users. Standard Quotes represent a traditional approach that most businesses favor, leading to a strong foothold in the industry. On the other hand, Automated Quotes, while initially a smaller segment, are rapidly gaining traction as organizations seek to streamline their operations through technology and innovation.

Standard Quotes (Dominant) vs. Automated Quotes (Emerging)

Standard Quotes dominate the Quote Management Software Market because they are straightforward and cater to a broad range of businesses. Their reliability and ease of use make them the preferred choice for many companies. In contrast, Automated Quotes are emerging as a powerful force in the segment, appealing particularly to tech-savvy organizations looking for efficiency in their processes. The rise of Automated Quotes can be attributed to advancements in artificial intelligence and machine learning, which enable seamless quote generation, thus offering faster turnaround times and enhanced accuracy.

By Integration Capability: CRM Integration (Largest) vs. API Integration (Fastest-Growing)

In the Quote Management Software Market, CRM Integration holds the largest market share, indicating its primary role in enabling businesses to manage customer interactions and relationships effectively. This segment allows organizations to streamline their sales processes and deliver personalized services to their clients, making it an indispensable tool in the software suite. On the other hand, API Integration, while currently smaller in market share, is emerging rapidly due to increasing demand for seamless connectivity between various software applications. This illustrates a significant shift towards holistic data management within the market.

CRM Integration (Dominant) vs. API Integration (Emerging)

CRM Integration serves as the dominant player in the Quote Management Software Market, reflecting businesses' reliance on software that enhances customer relationship management. Its features include robust data analytics, lead tracking, and automated workflows. In contrast, API Integration is positioned as an emerging segment, making it critical to the market's evolution. This integration allows different software systems to communicate and share data, which is vital for creating a connected ecosystem in an increasingly digital world. The focus on interoperability and real-time data exchange is propelling API Integration to the forefront, as it addresses the growing need for agility and efficiency in business processes.

By User Type: Small Enterprises (Largest) vs. Medium Enterprises (Fastest-Growing)

In the Quote Management Software Market, Small Enterprises hold the largest share owing to their high demand for cost-effective solutions that streamline their quote generation processes. These enterprises require tailored software solutions that can enhance efficiency and accuracy, making them a primary user group for quote management tools. On the other hand, Medium Enterprises are emerging as a vital segment, showcasing rapid growth due to their increasing complexity in operations and the need for advanced software capabilities to manage larger volumes of quotes effectively.

Small Enterprises (Dominant) vs. Medium Enterprises (Emerging)

Small Enterprises are characterized by their urgent need for budget-friendly quote management software that offers simplicity and ease of use. This segment typically seeks solutions that minimize operational costs while maximizing efficiency, thus driving the demand for tailored software features. Conversely, Medium Enterprises are emerging as a significant market force, as they often look for robust quote management solutions capable of integrating with their expanding operations. These enterprises benefit from enhanced analytical features and customization options, which support their growth and help them maintain competitive advantage in sectors where accurate and speedy quoting is essential.

Get more detailed insights about Quote Management Software Market

Regional Insights

North America : Tech-Driven Market Leader

North America is the largest market for Quote Management Software Market, holding approximately 45% of the global share. The region's growth is driven by the increasing adoption of cloud-based solutions and the need for efficient sales processes. Regulatory support for digital transformation and data security further catalyzes market expansion. The U.S. leads this market, followed closely by Canada, which contributes around 10% to the overall market share. The competitive landscape in North America is robust, featuring key players like Salesforce, Oracle, and Conga. These companies leverage advanced technologies to enhance their offerings, catering to diverse industries. The presence of a strong tech ecosystem and a focus on innovation positions North America as a hub for Quote Management Software Market, attracting investments and fostering new solutions.

Europe : Emerging Market with Potential

Europe is witnessing significant growth in the Quote Management Software Market, accounting for approximately 30% of the global share. The demand is fueled by the increasing need for automation in sales processes and compliance with stringent regulations. Countries like Germany and the UK are leading this growth, with a combined market share of around 20%. The European Union's focus on digitalization and data protection laws also plays a crucial role in shaping market dynamics. Germany stands out as a key player in this region, with major companies like SAP driving innovation in Quote Management Software Market. The competitive landscape is characterized by a mix of established firms and emerging startups, all vying for market share. The presence of diverse industries, from manufacturing to services, creates a fertile ground for tailored solutions, enhancing the overall market landscape.

Asia-Pacific : Rapidly Growing Market Segment

Asia-Pacific is rapidly emerging as a significant player in the Quote Management Software Market, holding about 20% of the global share. The region's growth is driven by the increasing digital transformation across various sectors, particularly in countries like India and China. The demand for efficient sales processes and competitive pricing strategies is propelling market expansion. Government initiatives promoting technology adoption further enhance this growth trajectory. India is becoming a hub for software development, with companies like Zycus and Proposify leading the charge. The competitive landscape is evolving, with both local and international players vying for market presence. The region's diverse economic landscape and growing middle class are creating new opportunities for Quote Management Software Market, making it a focal point for future investments and innovations.

Middle East and Africa : Emerging Market with Challenges

The Middle East and Africa region is gradually developing its Quote Management Software Market, currently holding about 5% of the global share. The growth is primarily driven by increasing investments in technology and a rising demand for automation in sales processes. Countries like South Africa and the UAE are leading this market, with a focus on enhancing operational efficiency and customer engagement. However, challenges such as infrastructure and regulatory hurdles remain. South Africa is emerging as a key player, with local firms beginning to adopt advanced software solutions. The competitive landscape is still in its infancy, with a mix of international and regional players. As businesses in the region recognize the importance of efficient sales processes, the demand for Quote Management Software Market is expected to grow, paving the way for new entrants and innovations in the market.

Quote Management Software Market Regional Image

Key Players and Competitive Insights

The Quote Management Software Market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for streamlined sales processes and enhanced customer engagement. Key players such as Salesforce (US), Oracle (US), and SAP (DE) are at the forefront, leveraging their extensive technological capabilities to innovate and expand their offerings. Salesforce (US) focuses on integrating artificial intelligence into its quote management solutions, enhancing user experience and operational efficiency. Meanwhile, Oracle (US) emphasizes strategic partnerships to bolster its market presence, particularly in the Asia-Pacific region, where digital transformation is rapidly gaining momentum. SAP (DE) is also investing in cloud-based solutions, aiming to provide scalable and flexible options for businesses of all sizes, thereby shaping a competitive environment that prioritizes technological advancement and customer-centric solutions.

The market structure appears moderately fragmented, with a mix of established players and emerging startups. Key business tactics include localizing software solutions to meet regional compliance and customer preferences, as well as optimizing supply chains to ensure timely delivery of services. This collective influence of major players fosters a competitive atmosphere where innovation and adaptability are paramount, allowing companies to differentiate themselves in a crowded marketplace.

In September 2025, Salesforce (US) announced the launch of its new AI-driven quote management tool, which aims to automate pricing strategies and enhance accuracy in quotes. This strategic move is significant as it not only positions Salesforce as a leader in technological innovation but also addresses the growing need for efficiency in sales processes. By integrating AI, Salesforce is likely to attract a broader customer base seeking advanced solutions that reduce manual errors and improve turnaround times.

In August 2025, Oracle (US) expanded its partnership with a leading cloud service provider to enhance its quote management capabilities. This collaboration is crucial as it allows Oracle to leverage cloud technology to offer more robust and scalable solutions, catering to the increasing demand for remote and flexible work environments. Such strategic alliances may enhance Oracle's competitive edge, particularly in markets where cloud adoption is accelerating.

In July 2025, SAP (DE) unveiled a new feature within its quote management software that focuses on sustainability metrics, allowing businesses to assess the environmental impact of their pricing strategies. This initiative reflects a growing trend towards sustainability in business practices and positions SAP as a forward-thinking player in the market. By aligning its offerings with sustainability goals, SAP is likely to resonate with environmentally conscious consumers and businesses, thereby enhancing its market appeal.

As of October 2025, the competitive trends in the Quote Management Software Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, enabling companies to pool resources and expertise to enhance their offerings. Looking ahead, competitive differentiation is expected to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the market.

Key Companies in the Quote Management Software Market market include

Industry Developments

Recent developments in the Quote Management Software Market have underscored the increasing importance of digital solutions in enhancing business efficiency and accuracy. Many companies are investing in advanced software to streamline their pricing processes, improve customer experience, and ensure compliance with regulatory requirements. The rise of artificial intelligence and machine learning technologies has further transformed the landscape, enabling automated quote generation and predictive analytics for better decision-making. Furthermore, the ongoing digital transformation across industries, accelerated by the COVID-19 pandemic, has driven demand for innovative solutions that can seamlessly integrate with existing systems.

Key players are focusing on strategic partnerships and acquisitions to enhance their service offerings and expand market reach. Additionally, there is a growing emphasis on user-friendly interfaces and customizable solutions to meet the unique needs of various sectors, thereby contributing to market growth. As the market is projected to grow significantly, organizations are adapting to these trends, ensuring they remain competitive in an evolving landscape. This dynamic environment reflects the necessity for businesses to leverage technology to optimize their quoting processes and improve overall operational efficiency.

Future Outlook

Quote Management Software Market Future Outlook

The Quote Management Software Market is projected to grow at an 8.97% CAGR from 2024 to 2035, driven by digital transformation, increased automation, and demand for enhanced customer experiences.

New opportunities lie in:

  • Integration of AI-driven analytics for personalized pricing strategies.
  • Development of mobile applications for real-time quote management.
  • Expansion into emerging markets with localized solutions.

By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Quote Management Software Market User Type Outlook

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Quote Management Software Market End User Industry Outlook

  • Insurance
  • Manufacturing
  • Telecommunications
  • Financial Services
  • Retail

Quote Management Software Market Quote Generation Type Outlook

  • Standard Quotes
  • Custom Quotes
  • Automated Quotes

Quote Management Software Market Integration Capability Outlook

  • CRM Integration
  • ERP Integration
  • API Integration

Quote Management Software Market Software Deployment Model Outlook

  • Cloud-Based
  • On-Premises
  • Hybrid

Report Scope

MARKET SIZE 20243.015(USD Billion)
MARKET SIZE 20253.286(USD Billion)
MARKET SIZE 20357.758(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.97% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesIntegration of artificial intelligence enhances efficiency in the Quote Management Software Market.
Key Market DynamicsRising demand for automation in sales processes drives innovation in Quote Management Software solutions.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Leave a Comment

FAQs

What is the current valuation of the Quote Management Software Market?

The market valuation was 3.015 USD Billion in 2024.

What is the projected market size for the Quote Management Software Market by 2035?

The market is projected to reach 7.758 USD Billion by 2035.

What is the expected CAGR for the Quote Management Software Market during the forecast period 2025 - 2035?

The expected CAGR is 8.97% during the forecast period 2025 - 2035.

Which companies are considered key players in the Quote Management Software Market?

Key players include Salesforce, Oracle, SAP, Conga, Zycus, Proposify, QuoteWerks, PandaDoc, and Qwilr.

How does the market segment by software deployment model?

The market segments into Cloud-Based, On-Premises, and Hybrid, with Cloud-Based projected to grow from 1.5075 to 3.879 USD Billion.

What are the primary end-user industries for Quote Management Software?

The primary end-user industries include Insurance, Manufacturing, Telecommunications, Financial Services, and Retail.

What is the projected growth for the Financial Services segment in the Quote Management Software Market?

The Financial Services segment is expected to grow from 0.9 to 2.2 USD Billion.

How does integration capability impact the Quote Management Software Market?

Integration capabilities, including CRM, ERP, and API, are projected to grow significantly, with API Integration expected to rise from 1.205 to 3.908 USD Billion.

What is the market outlook for small enterprises using Quote Management Software?

The market for small enterprises is projected to grow from 0.5 to 1.2 USD Billion.

What types of quote generation are prevalent in the market?

The market includes Standard Quotes, Custom Quotes, and Automated Quotes, with Standard Quotes expected to grow from 1.2 to 2.9 USD Billion.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions