Global Procure-To-Pay Solutions Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Procure-To-Pay Solutions Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Procure-To-Pay Solutions market size was valued at USD 6393.9 million in 2023 and is forecast to a readjusted size of USD 9941 million by 2030 with a CAGR of 6.5% during review period.

Procure-To-Pay Solutions is a fully integrated solution designed to support an end-to-end process that begins with goods and services requisitioning and ends with ready-to-pay files for upload into an accounts payable system.

Increasing demand for digitization: The digital transformation of enterprises has been increasingly recognized in recent years. Enterprises need to replace traditional paper-based procurement and payment processes with electronic procurement and payment solutions to improve efficiency, reduce costs, and enhance auditability. P2P solutions can help enterprises digitize procurement and payment processes, improve internal management, and comply with regulatory requirements.

Growth of the e-commerce industry: The e-commerce industry has been developing rapidly in recent years, especially in the field of business-to-business (B2B) e-commerce. P2P solutions can support electronic procurement and payment in the B2B e-commerce market, simplifying the purchase process, shortening the payment cycle, and reducing transaction costs.

Integration with enterprise resource planning systems: P2P solutions can be seamlessly integrated with enterprise resource planning (ERP) systems to enable enterprises to manage their financial resources, inventory, and other components of the business in a more integrated manner. This integration allows enterprises to have a more comprehensive understanding of their financial status and operating conditions, and make better decisions.

Increasing demand for compliance and governance: With the development of the global economy and the improvement of regulatory requirements, enterprises need to comply with more laws and regulations, including those related to procurement and payment. P2P solutions can help enterprises achieve compliance and governance in procurement and payment processes by automating auditing, monitoring, and control functions.

The Global Info Research report includes an overview of the development of the Procure-To-Pay Solutions industry chain, the market status of SMEs (Cloud Based, On-premises), Large Enterprises (Cloud Based, On-premises), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Procure-To-Pay Solutions.

Regionally, the report analyzes the Procure-To-Pay Solutions markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Procure-To-Pay Solutions market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Procure-To-Pay Solutions market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Procure-To-Pay Solutions industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Cloud Based, On-premises).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Procure-To-Pay Solutions market.

Regional Analysis: The report involves examining the Procure-To-Pay Solutions market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Procure-To-Pay Solutions market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Procure-To-Pay Solutions:

Company Analysis: Report covers individual Procure-To-Pay Solutions players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Procure-To-Pay Solutions This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (SMEs, Large Enterprises).

Technology Analysis: Report covers specific technologies relevant to Procure-To-Pay Solutions. It assesses the current state, advancements, and potential future developments in Procure-To-Pay Solutions areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Procure-To-Pay Solutions market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Procure-To-Pay Solutions market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Cloud Based
On-premises

Market segment by Application
SMEs
Large Enterprises

Market segment by players, this report covers
Zycus
Arvato
Ariba
GEP
SAP
Infosys
Comarch
Proactis

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Procure-To-Pay Solutions product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Procure-To-Pay Solutions, with revenue, gross margin and global market share of Procure-To-Pay Solutions from 2019 to 2024.

Chapter 3, the Procure-To-Pay Solutions competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Procure-To-Pay Solutions market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Procure-To-Pay Solutions.

Chapter 13, to describe Procure-To-Pay Solutions research findings and conclusion.