Procure To Pay P2P Solutions Market 2022
The study of market analysis of Procure To Pay P2P Solutions Market focuses on the key elements and the market dynamics of a specific market within that industry. Procure To Pay P2P Solutions Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.
As per the findings of a new market research report by Persistence Market Research, the procure to pay solutions market is anticipated to exhibit an impressive CAGR of nearly 10% over the forecast period (2022 to 2030).
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The adoption of e-invoicing solutions helps enterprises significantly reduce costs associated with storage, processing, and paper-based invoicing. Procure to pay (P2P) solutions such as e-invoicing are majorly contributing to the overall market value. Rising adoption of SaaS-based P2P suites across organizations is further aiding the growth of the procure to pay solutions market.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Coupa Software Inc., Oracle, SAP SE, Ivalua, GEP, Basware, Jaggaer, Zycus, Wax Digital, Tradeshift, Determine, Synertrade, Proactis, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Procure To Pay P2P Solutions.
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Key Takeaways of Procure to Pay Solutions Market Study
- Under deployment, the cloud segment is expected to witness high growth due to the increasing adoption of the SaaS-based P2P suites that helps organizations increase efficiency of the procurement process.
- Large enterprises are increasingly moving toward procurement as a service to eliminate their difficulties and minimize operational costs.
- PMR reports that, the demand for procure-to-pay solutions from the pharmaceutical industry is expected to exhibit the highest CAGR of almost 12% during the forecast period.
- Among the regions, the market in South Asia Pacific is exhibiting high growth, owing to the high adoption of P2P solutions by small & medium enterprises for effectively managing overall operations across the region.
“The demand for cloud-based procure-to-pay suites is increasing across SMEs, enabling an end-to-end procurement process right from sourcing, product requisitioning, and invoicing, to payments. These solutions also integrate seamlessly with existing CRM/ERP platforms to enable all business needs, which is creating lucrative opportunities for the P2P solutions market,” says a PMR analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Procure To Pay P2P Solutions Market Manufacturers
Procure To Pay P2P Solutions Market Distributors/Traders/Wholesalers
Procure To Pay P2P Solutions Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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