[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Procure-To-Pay Outsourcing Market Report by Type (Inventory Management, Logistics Services, Customer Service, Business Process Outsourcing (BPO), E-Procurement), Application (SME, Private Enterprise, Utilities, and Others), and Region 2023-2028

September 2023 | 138 pages | ID: PB34348267A0EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global procure-to-pay outsourcing market size reached US$ 6.62 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.13 Billion by 2028, exhibiting a growth rate (CAGR) of 7.40% during 2023-2028. The growing need to increase productivity and optimize procurement processes, increasing focus on enhancing data quality in procurement operations, and rising preferences for cloud-based procuring and paying solutions represent some of the key factors driving the market.

Procure-to-pay (P2P) outsourcing comprises scanning, processing invoices, vendor queries, master data management, and claims management to ensure on-time payments. It is cost-effective, saves time, ensures accuracy, and improves efficiency in a business. It offers improved cash flow visibility and decreases economic volatility in an organization. It assists in reducing manual labor work and chances of errors and mistakes in work. It aids in reducing the risks of value leakages and enhancing the satisfaction of vendors and employees. Besides this, it is beneficial in focusing more on core business tasks, boosting compliance, building enhanced supplier relationships, and encouraging better decision-making. As a result, P2P outsourcing is widely employed in the healthcare, information technology (IT) and telecommunication, energy and utilities, and banking, financial services, and insurance (BFSI) industries across the globe.

Procure-To-Pay Outsourcing Market Trends:
At present, the increasing adoption of P2P outsourcing, as it provides easy access to local talent and skilled employees at lower costs represents one of the primary factors impelling the growth of the market. In line with this, the growing demand for P2P outsourcing among business organizations to streamline their procurement processes and improve operational efficiency is offering a positive market outlook. Moreover, the increasing preference for cloud-based procuring and paying solutions, as they offer enhanced convenience to users, is propelling the growth of the market. Apart from this, the rising adoption of P2P outsourcing to lower the paper-based documentation and minimize confusion and delays in financial-related work is supporting the growth of the market. In addition, various benefits offered by P2P outsourcing, such as advanced order processing ability, catalog management, spot buying facilities, invoice data capturing and matching, and mailroom and document scanning, are strengthening the growth of the market. Besides this, the growing demand for P2P outsourcing among various companies to increase productivity and optimize procurement processes is positively influencing the market. Additionally, the increasing employment of P2P outsourcing to enhance data quality in procurement operations is offering lucrative growth opportunities to industry investors. Furthermore, the rising emergence of specialized P2P service providers around the world are contributing to the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global procure-to-pay outsourcing market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.

Type Insights:

Inventory Management
Logistics Services
Customer Service
Business Process Outsourcing (BPO)
E-Procurement

The report has provided a detailed breakup and analysis of the procure-to-pay outsourcing market based on the type. This includes inventory management, logistics services, customer service, business process outsourcing (BPO), and e-procurement. According to the report, inventory management represented the largest segment.

Application Insights:

SME
Private Enterprise
Utilities
Others

A detailed breakup and analysis of the procure-to-pay outsourcing market based on the application has also been provided in the report. This includes SME, private enterprise, utilities, and others. According to the report, SME accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for procure-to-pay outsourcing. Some of the factors driving the North America procure-to-pay outsourcing market included the growing demand for e-procurement solutions among businesses, rising adoption in the BFSI industry to reduce financial frauds, increasing need for improved operational efficiency with reduced overall costs, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global procure-to-pay outsourcing market. Detailed profiles of all major companies have been provided. Some of the companies covered include Accenture plc, C1 India Private Limited, Capgemini SE, Coupa Software Inc., Genpact, GEP Worldwide, IBM Corporation, Infosys Limited, Jaggaer, SAP SE, Zycus Inc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global procure-to-pay outsourcing market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global procure-to-pay outsourcing market?
What is the impact of each driver, restraint, and opportunity on the global procure-to-pay outsourcing market?
What are the key regional markets?
Which countries represent the most attractive procure-to-pay outsourcing market?
What is the breakup of the market based on the type?
Which is the most attractive type in the procure-to-pay outsourcing market?
What is the breakup of the market based on the application?
Which is the most attractive application in the procure-to-pay outsourcing market?
What is the competitive structure of the global procure-to-pay outsourcing market?
Who are the key players/companies in the global procure-to-pay outsourcing market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL PROCURE-TO-PAY OUTSOURCING MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Inventory Management
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Logistics Services
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Customer Service
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Business Process Outsourcing (BPO)
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5E-Procurement
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1SME
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Private Enterprise
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Utilities
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1Overview
9.2Drivers
9.3Restraints
9.4Opportunities

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Accenture plc
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2C1 India Private Limited
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3Capgemini SE
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4Coupa Software Inc.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
  13.3.5Genpact
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
    13.3.5.4 SWOT Analysis
  13.3.6GEP Worldwide
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7IBM Corporation
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
  13.3.8Infosys Limited
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9Jaggaer
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10SAP SE
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis
  13.3.11Zycus Inc.
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Procure-To-Pay Outsourcing Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Procure-To-Pay Outsourcing Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Procure-To-Pay Outsourcing Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Procure-To-Pay Outsourcing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Procure-To-Pay Outsourcing Market: Competitive Structure
Table 6: Global: Procure-To-Pay Outsourcing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Procure-To-Pay Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Procure-To-Pay Outsourcing Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Procure-To-Pay Outsourcing Market: Breakup by Type (in %), 2022
Figure 5: Global: Procure-To-Pay Outsourcing Market: Breakup by Application (in %), 2022
Figure 6: Global: Procure-To-Pay Outsourcing Market: Breakup by Region (in %), 2022
Figure 7: Global: Procure-To-Pay Outsourcing (Inventory Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Procure-To-Pay Outsourcing (Inventory Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Procure-To-Pay Outsourcing (Logistics Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Procure-To-Pay Outsourcing (Logistics Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Procure-To-Pay Outsourcing (Customer Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Procure-To-Pay Outsourcing (Customer Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Procure-To-Pay Outsourcing (Business Process Outsourcing (BPO)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Procure-To-Pay Outsourcing (Business Process Outsourcing (BPO)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Procure-To-Pay Outsourcing (E-Procurement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Procure-To-Pay Outsourcing (E-Procurement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Procure-To-Pay Outsourcing (SME) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Procure-To-Pay Outsourcing (SME) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Procure-To-Pay Outsourcing (Private Enterprise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Procure-To-Pay Outsourcing (Private Enterprise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Procure-To-Pay Outsourcing (Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Procure-To-Pay Outsourcing (Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Procure-To-Pay Outsourcing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Procure-To-Pay Outsourcing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Procure-To-Pay Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Procure-To-Pay Outsourcing Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: Procure-To-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: Procure-To-Pay Outsourcing Industry: Drivers, Restraints, and Opportunities
Figure 75: Global: Procure-To-Pay Outsourcing Industry: Value Chain Analysis
Figure 76: Global: Procure-To-Pay Outsourcing Industry: Porter's Five Forces Analysis


More Publications