Global Procure to Pay Software
Market Report
2025
The Procure to Pay Software Market was valued at USD 5.90 billion in 2022 and will reach USD 11.33 billion by 2030, registering a CAGR of 8.5% for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The Procure to Pay Software Market was valued at USD 5.90 billion in 2022 and will reach USD 11.33 billion by 2030, registering a CAGR of 8.5% for the forecast period 2023-2030.
2021 | 2025 | 2033 | CAGR | |
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Global Procure to Pay Software Market Sales Revenue | 121212 | 121212 | 121212 | 8.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Deployment |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Procure to Pay Software industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Procure to Pay Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The procure-to-pay software helps streamline the procurement process and automates all functions within an organization. It comprises an entire phase of activities from procuring goods or services to final payments. Moreover, it helps the organization save time and money by streamlining all the processes. Therefore, the increase in automation and greater adoption of digital technologies will further propel its market growth.
The seeking interests of companies to streamline their financial processes, handle data efficiently and accurately, and reduce manual data entry, has propelled the market growth of procure-to-pay software. Additionally, this software allows automation in the accounting process by offering electronic invoicing automated invoice matching, and payment processing. Moreover, the integration of cloud-based solutions with P2P software offers several benefits such as lowering initial costs, scalability, less IT infrastructure, and dependable solutions. Therefore, such technological advantages of this software for growing businesses significantly drive the market growth of the procure-to-pay software market.
A P2P software installation and running requires a large number of processes and resources to be connected to the system. Thus, this requires a high cost and increases the additional cost of implementation. Additionally, implementing this software company requires skillful consultation support, IT infrastructure and proper training. Moreover, issues related to data security and a lack of knowledge about the benefits of P2P software tend to hamper its market growth. Therefore, all such factors deprive many businesses of investing in this procure-to-pay software market.
The COVID-19 pandemic had a significant impact on the procure-to-pay software market. The software market experienced fluctuations in demand, supply chain management, and shifts in business strategies. Moreover, the reduced spending of customers, travel restrictions, and temporary closures of businesses widely affected all industries. However, some sectors like e-commerce, healthcare, remote work solutions, and digital platforms have shown significant growth during the pandemic. Furthermore, the pandemic led to an increase in the adoption of digital technologies and supported business growth. Therefore, all these factors led to an increase in the adoption of procure-to-pay software solutions and boosted its market growth, post-pandemic.
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These market players focus on innovations and advancements in procure-to-pay software solutions to propel their market growth.
SAP SE announced its completion of the acquisition of Signavio, a leader in the enterprise business process intelligence and process management space. Signavio’s products became part of SAP’s Business Process Intelligence portfolio and complemented SAP’s holistic process transformation portfolio.
Oracle introduced new capabilities across Oracle Fusion Cloud Applications Suite that helped customers accelerate supply chain planning, increased operational efficiency, and improved financial accuracy. The updates included new planning, usage-based pricing, and rebate management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM).
JAGGAER announced the release of the 22.2 version of its JAGGAER ONE suite. It covered the entire source-to-pay spectrum, designed to ensure frictionless transacting on both the buyer and supplier sides. It responded to customers’ wishes and delivered new features and enhancements that helped them solve very specific day-to-day challenges.
Top Companies Market Share in Procure to Pay Software Industry: (In no particular order of Rank)
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North America is expected to dominate the procure-to-pay software market owing to the increasing advancements in technology and the growing usage of automotive solutions. Moreover, the increase in digitalization and proliferation of digital payment methods tend to boost the market for P2P software. Furthermore, the North American region owing to its cloud-based procured paying solution and preference for digital payments by customers has significantly contributed to the software solutions. Therefore, a significant rise in technology adoption and innovation in this region has boosted the growth of the procure-to-pay software market.
The current report Scope analyzes Procure to Pay Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Procure to Pay Software Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Procure to Pay Software Industry growth. Procure to Pay Software market has been segmented with the help of its Deployment , Application , and others. Procure to Pay Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
A cloud-based solution offers several benefits such as greater adaptability, scalability, efficiency, ease to use, and cost-effectiveness. Moreover, large-scale companies contain huge amounts of data and thus require large storage solutions which are scalable and dependable. Cloud-based software is flexible to use and can be accessible from any location. All such benefits of these services drive the market growth of the cloud-based procure-to-pay software market. Furthermore, the developing technologies and resolving security issues by cloud-based software have majorly contributed to the market growth of procure-to-pay software solutions.
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The large enterprise segment dominates the market of P2P software due to the greater adoption of automated processes and reduced manual efforts. Moreover, the improved payment systems and increase in the adoption of e-commerce boost the growth of the procure-to-pay software market. Furthermore, large enterprises highly invest in software solutions and have better infrastructure. Therefore, all such advantages tend to drive its market growth.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Procure to Pay Software Market is witnessing significant growth in the near future.
In 2023, the Cloud-Based Procure-To-Pay Software segment accounted for noticeable share of global Procure to Pay Software Market and is projected to experience significant growth in the near future.
The Small And Medium Enterprises (SMEs) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Coupa Software Inc. , SAP SE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Deployment | Cloud-Based Procure-To-Pay Software, On-Premises Procure-To-Pay Software |
Application | Small And Medium Enterprises (SMEs), Large Enterprises |
List of Competitors | Coupa Software Inc., Oracle, SAP SE, Ivalua, GEP, Basware, Jaggaer, Zycus, Wax Digital, Tradeshift, Determine, Synertrade, Proactis |
This chapter will help you gain GLOBAL Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review Global Procure to Pay Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review North America Procure to Pay Software Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review Europe Procure to Pay Software Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review Asia Pacific Procure to Pay Software Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review South America Procure to Pay Software Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review Middle East Procure to Pay Software Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Procure to Pay Software. Further deep in this chapter, you will be able to review Middle East Procure to Pay Software Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Procure to Pay Software. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Deployment Analysis 2019 -2031, will provide market size split by Deployment . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Deployment Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Procure to Pay Software market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Cloud-Based Procure-To-Pay Software have a significant impact on Procure to Pay Software market? |
What are the key factors affecting the Cloud-Based Procure-To-Pay Software and On-Premises Procure-To-Pay Software of Procure to Pay Software Market? |
What is the CAGR/Growth Rate of Small And Medium Enterprises (SMEs) during the forecast period? |
By type, which segment accounted for largest share of the global Procure to Pay Software Market? |
Which region is expected to dominate the global Procure to Pay Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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