The global Procure-to-Pay (P2P) solution market size is anticipated to be worth USD 15,078.7 million by 2034. According to the estimates, the market is projected to clock a 7.4% CAGR until 2034. In 2024, the procure-to-pay solution market size is valued at USD 7,405.5 million.
Attributes | Details |
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Procure to Pay Solution Market Size, 2023 | USD 7,000.5 million |
Procure to Pay Solution Market Size, 2024 | USD 7,405.5 million |
Procure to Pay Solution Market Size, 2034 | USD 15,078.7 million |
Value CAGR (2024 to 2034) | 7.4% |
Development of Mobile Procurement Solutions Presents Opportunities in the Market
In the P2P solutions industry, leveraging the widespread use of mobile devices provides a significant potential. Creating and improving mobile procurement solutions allows consumers to start, authorize, and keep an eye on procurement processes while moving.
The modern worker demands flexibility and response, and this mobile accessibility meets that need. Businesses can accelerate decision-making, improve user engagement, and optimize procurement operations by enabling smooth mobile interactions. This enhances the user experience while simultaneously presenting P2P solution providers as innovative partners that offer solutions that meet the mobile-first demands of modern business professionals.
Ongoing Digitalization of Various Industries Drives Growth and Agility in the Market
Digital transformation is essential to being competitive in the current fast-paced corporate climate. Businesses are using cutting-edge technology, such as purchase-to-pay solutions, to automate and expedite their procurement procedures. Businesses can shorten processing times, eliminate manual mistakes, and improve resource allocation by automating operations like purchase orders, approvals, and invoicing.
This digital revolution drives corporate development and agility in the marketplace by improving operational efficiency and facilitating improved decision-making using real-time data insights.
Robotic Process Automation (RPA) Revolutionizes Procurement Operations in the Market
Robotic Process Automation (RPA) is transforming procurement processes by automating repetitive procedures and workflows throughout procure-to-pay platforms. Organizations can use software robots intended to replicate human activities to expedite procurement procedures such as purchase order creation, invoice processing, and supplier onboarding.
Automation not only shortens cycle times and decreases manual mistakes but also frees up important human resources for strategic initiatives and managing supplier relationships. Businesses that use RPA in procurement can boost their efficiency, reduce costs, and increase agility.
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Segment | On-premise (Deployment) |
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Value Share (2024) | 54.2% |
Based on deployment, the on-premise segment holds 54.2% of market shares in 2024.
Segment | Large Enterprises (Enterprise) |
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Value Share (2024) | 57.2% |
Based on enterprise, the large enterprises segment captured 57.2% of market shares in 2024.
Countries | Value CAGR (2024 to 2034) |
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United States | 4.2% |
Germany | 2.8% |
Japan | 2.1% |
China | 7.9% |
Australia | 10.9% |
The demand for procure-to-pay solutions in the United States is projected to rise at a 4.2% CAGR through 2034.
The procure-to-pay solution market growth in Germany is estimated at a 2.8% CAGR through 2034.
The demand for procure-to-pay solutions in Japan is anticipated to amplify at a 2.1% CAGR through 2034.
The sales of procure-to-pay solutions in China are estimated to surge at a 7.9% CAGR through 2034.
Procure-to-pay solution sales in Australia are expected to increase at a 10.9% CAGR through 2034.
The procure-to-pay (P2P) solution industry is highly competitive, with leading competitors striving for market share and visibility. Leading international corporations like SAP Ariba, Coupa, and Oracle dominate the market, employing their vast resources, worldwide reach, and established brand awareness to provide full P2P suites.
These industry heavyweights have strong skills in automating procurement processes, improving supplier engagement, and offering end-to-end solutions that meet the unique demands of leading businesses.
Recent Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Enterprise, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 17: Global Market Attractiveness by Deployment, 2024 to 2034
Figure 18: Global Market Attractiveness by Enterprise, 2024 to 2034
Figure 19: Global Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 37: North America Market Attractiveness by Deployment, 2024 to 2034
Figure 38: North America Market Attractiveness by Enterprise, 2024 to 2034
Figure 39: North America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Deployment, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Enterprise, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Enterprise, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Enterprise, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Deployment, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Enterprise, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Deployment, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Enterprise, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Enterprise, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Enterprise, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Enterprise, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Enterprise, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Deployment, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Enterprise, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The procure-to-pay solution market is valued at USD 7,405.5 million in 2024.
The procure-to-pay solution market size is estimated to increase at a 7.4% CAGR through 2034.
The procure-to-pay solution market is anticipated to be worth USD 16,078.7 million by 2034.
On-premise witnesses a high demand in the industry.
The procure-to-pay solution market in Australia is predicted to rise at a 10.9% CAGR through 2034.
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