Procure-To-Pay Solutions Market is Expected to Reach a Value of US$ 13,430.4 Million by 2032 | Future Market Insights, Inc.

In 2022, the market for procure-to-pay solutions is expected to be worth US$ 6,832.4 million. With a 7.0% CAGR throughout the forecast period, the market is expected to grow significantly, reaching a value of US$ 13,430.4 Million by 2032.

Procure-to-Pay Solutions are fully integrated solutions which are adopted by most enterprises in order to support end-to-end operational processes. This solution performs end-to-end activities from goods and services requisitions to uploading payable files at accounts receivable systems. Procure-to-Pay Solutions helps enterprises to create a planned structure for controlling enterprise operation in order to improve the efficiency and effectiveness of their enterprise’s overall process.

Procure-to-Pay Solutions is used for performing several functionalities of the enterprise such as enterprise resource planning (ERP), and customer relationship management (CRM). It also helps to manage banking financials, shipments data, and multiple supplier statements to payments and goods received.

Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4270

Procure to Pay Solutions Market: Drivers and Challenges 

Cloud based unified procure pay solutions are turning to be the major factor responsible for significant growth of Procure-to-Pay Solutions market. Procure-to-Pay Solutions vendors offers spend categorization and planning capabilities in order to facilitate better planning and strategic sourcing capabilities by offering managed services.

Data- driven sourcing and better spend analysis are another major factors that are driving the growth of Procure-to-Pay Solutions market in positive manner. Moreover, it also offers strategic sourcing saving for minimizing total expenditure enterprise infrastructure.

Compliance with contract, policies and regulations are the major restraints faced   by the vendors dealing in Procure-to-Pay Solutions market.

Procure to Pay Solutions Market: Key Players

Some of the key players of Procure-to-Pay Solutions market are: SAP SE, Zycus Inc., Infosys Limited, Bertelsmann SE & Co., Comarch SA, Ariba Inc., ProActis, and GEP.

Procure to Pay Solutions Market: Regional Overview

On the basis of geography, Procure-to-Pay Solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, Procure-to-Pay Solutions market in North America is expected to dominate during the forecast period owing tolarge adoption of Procure-to-Pay Solutions by BFSI industries. North America region is expected to be followed by Western Europe and APAC.

In Europe and Asia pacific region, the market of Procure-to-Pay Solutions is growing significantly owing to moderate adoption of Procure-to-Pay Solutions by small and medium enterprises for effectively managing overall enterprise operations.

Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4270

Key segments

By Deployment:

  • On-Premise
  • SaaS

By Enterprise:

  • SMB
  • Large Enterprise

By End-use Industry:

  • BFSI
  • Healthcare
  • Oil & Gas
  • Telecommunication
  • Retail
  • Automotive
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-4270

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these