“In 2018, the CPQ market grew by 12.4% to an estimated $1.2 billion.” (Gartner)….
This is why we couldn’t be more excited to be named a “Visionary” for completeness of vision and ability to execute in Gartner’s 2019 Magic Quadrant for Configure, Price, and Quote Application Suites.
What is the Gartner Magic Quadrant?
The Gartner Magic Quadrant research methodology provides a graphical competitive positioning of four types of technology providers in fast-growing markets: Leaders, Visionaries, Niche Players and Challengers.
How does Gartner make the Quadrant?
“The following criteria were evaluated to calculate each vendor’s Ability to Execute and Completeness of the vision. The evaluation was based on an extensive vendor survey, publicly available financial data, a standardized software demonstration, surveying of more than 200 customer references and Gartner inquiry calls.”
[“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.” 2019 Gartner Magic Quadrant for Configure, Price, and Quote Application Suites. Mark Lewis, Christina Klock]
Why is this important to manufacturers?
For us at Tacton, being named a Visionary comes from our understanding of the manufacturing industry from over twenty years’ experience. In addition to our manufacturing expertise, we’ve grown our innovative capabilities in visual configuration.
We believe making the Magic Quadrant affirms the great relationships and learnings we’ve had with the top manufacturers in the world. Manufacturing is changing rapidly, customers demand a B2B buying journey that mirrors their daily purchases. From engaging visuals to 100% accurate quotes, customers won’t tolerate errors in their products.
With these changing customer expectations, manufacturers must adopt agile technology to meet their needs through an omnichannel experience.
Where to next?
Get your complimentary guide to learn more about why Tacton has been named a visionary.
The future of manufacturing starts with digital transformation. Tacton Smart Commerce powered by CPQ enables your business to create a better buying experience for your customers while making your sales team able to quickly sell highly configurable products. It’s time you provide an experience your customers won’t forget, and your competition will envy.
Gartner, Magic Quadrant for Configure, Price and Quote Application Suites, Christina Klock, Mark Lewis, 28 October 2019
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.