Procure-to-pay is a term used in the software industry to designate a specific subdivision of the procurement process. The procure-to-pay systems enable the integration of the purchasing department with the accounts payable (AP) department. Some of the largest players of the software industry agree on a common definition of procure-to-pay, linking the procurement process and financial department. The steps usually included are: Supply management; Cart or requisition; Purchase order; Receiving; Invoice reconciliation; Accounts payable.
According to our (Global Info Research) latest study, the global Procure-to-Pay Suites market size was valued at USD 1906.6 million in 2022 and is forecast to a readjusted size of USD 3378.8 million by 2029 with a CAGR of 8.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main Procure-to-Pay Suites players include SAP Ariba, Coupa, Oracle, Basware, JAGGAER, etc. The top five Procure-to-Pay Suites players account for approximately 54% of the total global market. North America is the largest consumer market for Procure-to-Pay Suites accounting for about 40%, followed by Asia-Pacific and Europe. In terms of Type, SaaS Based is the largest segment, with a share about 67%. And in terms of Application, the largest application is Large Enterprises, followed by SMEs.
This report is a detailed and comprehensive analysis for global Procure-to-Pay Suites market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Procure-to-Pay Suites market size and forecasts, in consumption value ($ Million), 2018-2029
Global Procure-to-Pay Suites market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Procure-to-Pay Suites market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Procure-to-Pay Suites market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Procure-to-Pay Suites
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Procure-to-Pay Suites market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SAP Ariba, Coupa, Oracle, Basware and JAGGAER, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Procure-to-Pay Suites market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Cloud Based
SaaS Based
Market segment by Application
SMEs
Large Enterprises
Market segment by players, this report covers
SAP Ariba
Coupa
Oracle
Basware
JAGGAER
GEP
Zycus
BirchStreet Systems
Proactis
Infor
SynerTrade
Comarch
Ivalua
Xeeva
Wax Digital
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 Suites product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Procure-to-Pay Suites, with revenue, gross margin and global market share of Procure-to-Pay Suites from 2018 to 2023.
Chapter 3, the Procure-to-Pay Suites 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 2018 to 2029.
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 2018 to 2023.and Procure-to-Pay Suites market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Procure-to-Pay Suites.
Chapter 13, to describe Procure-to-Pay Suites research findings and conclusion.
Summary:
Get latest Market Research Reports on Procure-to-Pay Suites . Industry analysis & Market Report on Procure-to-Pay Suites is a syndicated market report, published as Global Procure-to-Pay Suites Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Procure-to-Pay Suites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.