Research > Market Forecast: Procure-to-Pay (P2P), 2026-2030, Worldwide
Market Forecast: Procure-to-Pay (P2P), 2026-2030, Worldwide
27.05.2025
Domain:Enterprise Applications
Sub Domain:Procurement Systems
Price:$ 3,900
Research > Market Forecast: Procure-to-Pay (P2P), 2026-2030, Worldwide
27.05.2025
Domain:Enterprise Applications
Sub Domain:Procurement Systems
Price:$ 3,900
Market Forecast: Procure-to-Pay (P2P), 2026-2030, Worldwide
Report Description:
QKS Group Reveals that Procure-to-Pay Market is Projected to Register a CAGR of 9% by 2030.
The global pandemic has disrupted the entire supply chain, obliging organizations to ensure business continuity and resilience to confront the pervasive uncertainty. The focus has shifted to managing the growing frequency of compliance updates and governance, accelerating better data management, eradicating business silos, and driving business agility. Due to growing uncertainties, organizations are amplifying their savings, automating end-to-end P2P operations, ensuring complete enterprise-level visibility, and managing their cash flow with minimum risk.
The increasing emphasis on the conversion of manual procedures into digital ones, the automation of procure-to-pay (P2P) processes including procurement requests, purchasing, invoicing, and more, and the establishment of a collaborative platform for validating supplier compliance and approvals, has prompted companies to make substantial investments in cutting-edge technologies. These technologies encompass artificial intelligence (AI), machine learning (ML), blockchain, natural language processing (NLP), and robotic process automation (RPA). P2P solution providers are committed to meeting the demands of their customers by streamlining and digitizing various processes such as approval workflows, invoice matching, supplier and employee evaluations, and more. Moreover, they are enhancing their platforms with robust integration capabilities, enabling real-time tracking of spending and procurement actions. Organizations are increasingly gravitating towards P2P solutions that offer AI-driven guided buying, which simplifies the decision-making process through an intuitive interface, aiding users in selecting the right products and solutions.
Key questions this study will answer:
Strategic Market Direction:
The procure-to-Pay market is mature with slow and consistent market growth. However, changing global dynamics across retail, CPG, life science, BFSI, oil/gas, automotive, manufacturing, aviation, telecom/media/tech, and services are driving organizations towards optimizing and automating their overall procurement and sourcing process. Improving customer experience with responsive and agile supply chain processes has become central to the success of global businesses across industries and geographical regions. Leading vendors continue to invest in offering advanced value-added functionalities in addition to core sourcing and contracting features to address ever-growing market challenges and drive revenue growth.
Vendors Covered:
Coupa, SAP (Ariba), GEP, Ivalua, Zycus, Jaggaer, Basware, Synertrade, Elcom, Oracle, OpusCapita, Corcentric, Medius, Proactis, Esker, BirchStreet Systems, and Varis.
Table of Content:
Chapter 01: Executive Summary
Chapter 02: Market Overview
Chapter 03: Market Forecast Analysis
Chapter 04: Company Profile
Chapter 05: Appendix
List of Figures
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Authors
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