QKS Group Reveals that Procure-to-Pay Market is Projected to Register a CAGR of 9% by 2030.
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.
A Procure-to-Pay (P2P) platform enables organizations to manage and streamline the end-to-end procurement lifecycle, from requisitioning, purchasing, payment processing, and accounting for goods and services. A P2P system integrates with various cross-functional departments, including purchase, inventory, accounts payable, finance, and others to provide a single source of truth and allow organizations to track end-to-end processes for improving operational efficiency, as well as supplier communication, and relationship management. It provides organizations with real-time visibility into spend, purchase decisions, and prices, pertaining to every supplier across the procurement process. Organizations are leveraging P2P solutions for optimizing procurement costs, mitigating financial and supplier risks, and achieving regulatory compliance and desired KPIs.
Key questions this study will answer:
- What is the current state of competition in the Procure-to-Pay (P2P) market?
- What is the market share held by major vendors in this market?
- What are the key competitive dynamics in the global and regional markets for P2P?
- Who are the leading vendors in the global and regional markets?
- Are there vendors specializing in specific industries?
- How do different vendors compare in terms of their offerings of cloud-based versus on-premises solutions?
- What competitive factors impact the market positioning of different vendors?
- What are the relative strengths and challenges of the vendors operating in this market?
- How do different vendors position themselves competitively across customer segments, from SMBs to large enterprises?
Vendors covered in this Study:
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
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
Chapter 03: Market Share Analysis
- Market Share by Region
- Market Share Worldwide
- Market Share USA
- Market Share Canada
- Market Share Latin America
- Market Share Western Europe
- Market Share Central & Eastern Europe
- Market Share Middle East & Africa
- Market Share China
- Market Share APAC Ex Japan & China
- Market Share Japan
- Market Share by Industry Verticals
- Market Share by Media & Entertainment
- Market Share by Retail
- Market Share by BFSI
- Market Share by Travel & Hospitality
- Market Share by Education
- Market Share by Public Sector
- Market Share by Healthcare & Life Science
- Market Share by Automotive
- Market Share by Food & Beverage
- Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
List of Figures
- Fig. 1 Market Share of Procure-to-Pay (P2P) Worldwide, 2025
- Fig. 2 Market Share of Procure-to-Pay (P2P) USA, 2025
- Fig. 3 Market Share of Procure-to-Pay (P2P) Canada, 2025
- Fig. 4 Market Share of Procure-to-Pay (P2P) Latin America, 2025
- Fig. 5 Market Share of Procure-to-Pay (P2P) Western Europe, 2025
- Fig. 6 Market Share of Procure-to-Pay (P2P) Central & Eastern Europe, 2025
- Fig. 7 Market Share of Procure-to-Pay (P2P) Middle East & Africa, 2025
- Fig. 8 Market Share of Procure-to-Pay (P2P) Asia excluding Japan and China, 2025
- Fig. 9 Market Share of Procure-to-Pay (P2P) Japan, 2025
- Fig. 10 Market Share of Procure-to-Pay (P2P) China, 2025
- Fig. 11 Market Share of Procure-to-Pay (P2P) IT & Telecom Industry, 2025
- Fig. 12 Market Share of Procure-to-Pay (P2P) Banking & Financial Services Industry, 2025
- Fig. 13 Market Share of Procure-to-Pay (P2P) Insurance Industry, 2025
- Fig. 14 Market Share of Procure-to-Pay (P2P) Healthcare Industry, 2025
- Fig. 15 Market Share of Procure-to-Pay (P2P) Government & Public Sector, 2025
- Fig. 16 Market Share of Procure-to-Pay (P2P) Retail & eCommerce, 2025
- Fig. 17 Market Share of Procure-to-Pay (P2P) Manufacturing, 2025
- Fig. 18 Market Share of Procure-to-Pay (P2P) Hospitality, 2025
- Fig. 19 Market Share of Procure-to-Pay (P2P) On-premises Deployment, 2025
- Fig. 20 Market Share of Procure-to-Pay (P2P) Cloud Deployment, 2025
- Fig. 21 Market Share of Procure-to-Pay (P2P) SMB Customers, 2025
- Fig. 22 Market Share of Procure-to-Pay (P2P) Large Customers, 2025
- Fig. 23 Market Share of Procure-to-Pay (P2P) Enterprise Customers, 2025
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