Procure to Pay Solutions Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Future Market Insights

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Procure-to-Pay Solutions are fully integrated solutions which are adopted by most of the enterprises in order to support end-to-end operational process. 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 enterprise to create planned structure for controlling enterprise operation in order to improve their efficiency and effectiveness of their enterprise 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.

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: Segmentation

Some of the enterprises are adopting managed services while implementing procure to pay solutions

Segmentation of procure to pay solutions on the basis of deployment:

  • On-Premise

  • SaaS

Segmentation of procure to pay solutions on the basis of Enterprise:

  • SMB

  • Large Enterprise

Segmentation of procure to pay solutions on the basis of End-use Industry:

  • BFSI

  • Healthcare

  • Oil & Gas

  • Telecommunication

  • Retail

  • Automotive

  • Others

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.   

The report covers exhaustive analysis on:

  • Procure-to-Pay Solutions Market Segments

  • Procure-to-Pay Solutions Market Dynamics

  • Historical Actual Market Size, 2012 - 2016

  • Procure-to-Pay Solutions Market Size & Forecast 2017 To 2027

  • Supply & Demand Value Chain

  • Procure-to-Pay Solutions Market Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Procure-to-Pay Solutions Value Chain

  • Procure-to-Pay Solutions Market Drivers and Restraints

Regional analysis for Procure to Pay Solutions Market includes

  • Procure-to-Pay Solutions Market by North America

    • US & Canada

  • Procure-to-Pay Solutions Market by Latin America

    • Brazil, Argentina & Others

  • Procure-to-Pay Solutions Market by Western Europe

    • EU5

    • Nordics

    • Benelux

  • Procure-to-Pay Solutions Market by Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Procure-to-Pay Solutions Market by Asia Pacific

    • Australia and New Zealand (ANZ)

    • Greater China

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Procure-to-Pay Solutions Market by Japan

  • Procure-to-Pay Solutions Market by the Middle East and Africa

    • GCC Countries

    • Other Middle East

    • North Africa

    • South Africa

    • Other Africa

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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