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New to the Gartner Magic Quadrant? Here’s What You Need to Know.

What is the Gartner® Magic Quadrant™

Whether you’re new to the IT sector or an old pro, there’s always something we can take away from the Gartner Magic® Quadrant. But what is the Magic Quadrant™? And why is important to manufacturers across the globe? 

The Magic Quadrant is a graph that has evaluation criteria that help buyers understand where certain companies are by defining them as challengers, leaders, niche, and visionary solution providers. Each section has different pros and cons and selecting the leader may not fit into your specific buying needs but a different company on the graphic may.  

Example of the Quadrant

What do the four sections mean?  

  • Leadersexecute their current visions and goals and have good standing for the future 
  • Visionariesunderstand where the market is heading but lacks execution 
  • Nichefocus on a small segment of the market, or don’t out-innovate others 
  • Challengersexecute well, but may not understand market direction yet 

What other items can you learn from the Magic Quadrant? 

Gartner also provides relevant insight, company history, and background that can help you determine which company would be best for you. It also highlights the good, while providing any places where the solution could gain strength by improving items.  

Has Tacton ever been featured on the Gartner Magic Quadrant?  

Tacton has been featured in the  Gartner® Magic Quadrant™  for Configure, Price, Quote (CPQ) Application Suites in 20182019 and 2020 and 2021.  

[“This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Tacton.” Gartner, Magic Quadrant for Configure, Price, and Quote Application Suites. Mark Lewis, Dayna Ford, , 21 October  2021]

Learn where Tacton landed in 2021

Why is this important to manufacturers? 

With so many solutions out there it’s difficult to navigate which is optimal for manufacturers. Our CPQ solution enables manufacturers to visualize, build and sell products faster than ever. Enabling an omnichannel experience that is the envy of the industry.  

In closing:

Gartner helps industries including manufacturing analyze products and understand their visions, ability to execute, and strategy. The  Gartner® Magic Quadrant™  makes it easier than ever to make decisions with the expert analysis provided by a third party. 

Check out where Tacton has landed on the  Gartner® Magic Quadrant™  for
Configure, Price and Quote Application Suites here! 

Author: Michael Brassea