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?
- Leaders: execute their current visions and goals and have good standing for the future
- Visionaries: understand where the market is heading but lacks execution
- Niche: focus on a small segment of the market, or don’t out-innovate others
- Challengers: execute 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?
[“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, 2020 Gartner Magic Quadrant for Configure, Price, and Quote Application Suites. Mark Lewis, Dayna Ford, , 28 September 2020]
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.
Gartner helps industries including manufacturing analyze products and understand their visions, ability to execute and strategy. The Magic Quadrant makes it easier than ever to make decisions with the expert analysis provided by a third-party.