Procure-To-Pay Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-2151 | Report Format : | Status : Upcoming |

Abstract

Procure-To-Pay Solutions Market: Overview

The solutions of the procure-to-pay solutions are completely integrated and are implemented by several organizations so that the overall processes of the operation can be supported. The overall operations are done by these solutions that range from services and goods requisitions to upload the billed files in the systems. For the development of the effectiveness and the efficiency of the organization, the procure-to-pay solutions help by creating a planned structure to control the operations of the organization.

Procure-To-Pay Solutions Market: Facts

The e-procurement software is being implemented by the organizations in order to simplify the process of procure-to-pay. Owing to this, the way the companies used to purchase, transact, and sell their products has changed drastically. An important solution for the successful adoption and implementation of the e-procurement technology for an organization that purchases the products lies in the role of their suppliers. The research study Supplier Network 2012 was conducted by the Aberdeen group which suggested that the main challenge for the buying organizations is to facilitate the rise in the B2B e-commerce with their suppliers.

Procure-To-Pay Solutions Market: Segmentation

The global market for the procure-to-pay is fragmented into its deployment, size of the enterprises, and the end-user industry. Based on the deployment, the market is segregated into SaaS and on-premise. Based on the size of the enterprise, the market is categorized into large enterprise and small and medium business. Based on the end-user industry, the market is divided into healthcare, telecommunication, automotive, BFSI, oil & gas, and retail.

Procure-To-Pay Solutions Market: Growth Factors

The major factor that is contributing to the market growth is the increased use of the cloud based unified solutions of the procure pay. The vendors of the procure-to-pay solutions provide planning strategies and categorization capabilities for the strategic planning and sourcing with the help of managed services. The other factors that are driving the procure-to-pay solutions are better to spend analysis and data-driven sourcing. The total expenditure for the enterprise infrastructure can be minimized by the strategic source saving. The factors that will limit the growth of the market and which are affecting the market players are the compliances with the policies, contract, and regulations.

Procure-To-Pay Solutions Market: Regional Analysis

Several regions where the global procure-to-pay solutions market is diversified include Asia Pacific, Middle East and Africa, Western European, Eastern Europe, Latin America, and North America regions. The region that is dominating the procure-to-pay solutions is North America and this is will continue in the coming years too. The factor that is contributing to the growth of the market is the rise in the adoption of the procure-to-pay solutions in the BFSI sectors. The regions that are following North America are Western Europe and Asia Pacific region. The market growth for the procure-to-pay solutions is moderate in the regions such as Asia Pacific and Europe owing to the moderate rate of adoption by the small and medium enterprises.

Procure-To-Pay Solutions Market: Competitive Players

The key market players that are involved in the procure-to-pay solutions include Zycus Inc., Bertelsmann SE & Co., Ariba Inc., GEP, SAP SE, Infosys Limited, Comarch SA, and ProActis.

Procure-To-Pay Solutions Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Asset Integrity Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3125 | Report Format:

Global Asset Integrity Management Market: Overview The capability of an asset to perform its required functions effectively and efficiently and also protecting life and the surrounding environment is called asset integrity. The asset integrity management market ensures that the people, systems, ...Read More

Indoor Farming Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

Price : $ 3999.00 | Report Code: ZMR-3107 | Report Format:

Indoor Farming Technology Market: Overview Indoor farming was in existence since a long time in the form of greenhouse. It is the process of growing plants, crops etc. The method uses artificial lights to provide adequate level of nutrients. Indoor farming is not affected by bad weather and help...Read More

ePayment System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3105 | Report Format:

Global ePayment System Market: Overview the ePayment system is a mode of making transaction or payment of goods and services via an electronic medium without using cash or cheque. It is also called an online or electronic payment system The Due to increasing use of Internet-based banking and sho...Read More

Document Management Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 –2024

Price : $ 3999.00 | Report Code: ZMR-3102 | Report Format:

Document Management Software Market: Overview Document management software helps organizations to manage their files effectively. It is used for creating content, sharing content, organizing and storage of document in an organization. The traditional method of managing the task is being replaced...Read More

Industrial Cloud Platform Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3086 | Report Format:

Global Industrial Cloud Platform Market: Overview Industrial cloud platform along with IoT functionality provides a modern approach for deploying and developing software applications. This modern approach is replacing the older server model in which large complex applications were created and ru...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.