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Source-to-Pay (S2P) Outsourcing Market Report by Type (S2C (Source to Contract), P2P (Procure to Pay)), Application (Manufacturing, C2G, Software and IT, Energy and Chemicals, and Others), and Region 2024-2032

March 2024 | 138 pages | ID: S7CF374237E9EN
IMARC Group

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The global source-to-pay outsourcing market size reached US$ 31.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.97% during 2024-2032. The expanding geographical reach of public and private organizations, rapid digitization, and the increasing adoption of source-to-pay (S2P) outsourcing services in the manufacturing industry represent some of the key factors driving the market.

Source-to-pay (S2P) outsourcing is a financial arrangement wherein companies outsource their purchasing and procurement work to a third-party service provider. It relies on various digital technologies to offer services like automating manual processes, eAuctions, inventory management, and implementing. It allows businesses to streamline their payment functions and creates greater efficiency and better spending control. It also aids in reducing risks associated with errors, expanding access to a global supplier base, and improving control and compliance requirements. Besides this, as it helps save time, effort, and resources on repetitive tasks, the demand for S2P outsourcing is increasing across the globe.

Source-to-pay (S2P) Outsourcing Market Trends:
The increasing establishment of public and private organizations and the consequently rising adoption of S2P outsourcing represent the key factors positively influencing the market. S2P outsourcing allows companies to focus on their core business activities and strategic initiatives, handle fluctuating transaction volumes, and support business growth or contraction. Additionally, rapid digitization and the expanding geographical reach of organizations are catalyzing the need for S2P outsourcing as it helps in the smooth functioning of business operations and increases overall profitability. Apart from this, there is a rise in the utilization of S2P outsourcing in the consumer packaged goods (CPG) industry to track their compliance with quality standards, manage inventory levels, negotiate contracts, and establish supplier performance metrics. Furthermore, the integration of automation technologies, including artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML), is enabling organizations to streamline several financial tasks like purchase order creation, invoice processing, and supplier management. Moreover, S2P outsourcing providers are integrating e-procurement platforms and systems to enable seamless data exchange, workflow automation, and real-time visibility. Besides this, they are also focusing on building strong supplier relationships, improving collaboration, and driving supplier performance to deliver better outcomes for their clients, which is offering a favorable outlook for the market. Furthermore, increasing cybersecurity threats are encouraging the leading S2P outsourcing providers to implement robust security measures, such as data transmission protocols, access controls, encryption, and regular security audits, and safeguard sensitive procurement information to ensure compliance with data privacy regulations. This is expected to propel the market growth in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global source-to-pay (S2P) outsourcing market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

S2C (Source to Contract)
P2P (Procure to Pay)

The report has provided a detailed breakup and analysis of the source-to-pay (S2P) outsourcing market based on the type. This includes S2C (source to contract) and P2P (procure to pay). According to the report, P2P (procure to pay) represented the largest segment.

Application Insights:

Manufacturing
C2G
Software and IT
Energy and Chemicals
Others

A detailed breakup and analysis of the source-to-pay (S2P) outsourcing market based on the application has also been provided in the report. This includes manufacturing, C2G, software and IT, energy and chemicals, and others. According to the report, C2G 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 help desk outsourcing. Some of the factors driving the North America source-to-pay (S2P) outsourcing market included the increasing adoption of S2P outsourcing facilities across various industries, rising awareness among businesses about the benefits offered by S2P outsourcing, the growing instances of cybersecurity threats and fraudulent cases, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global source-to-pay (S2P) outsourcing market. Detailed profiles of all major companies have been provided. Some of the companies covered include Capgemini SE, CGI Inc., Corbus LLC, GEP Worldwide, Infosys Limited, 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 source-to-pay (S2P) outsourcing market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global source-to-pay (S2P) outsourcing market?
What is the impact of each driver, restraint, and opportunity on the global source-to-pay (S2P) outsourcing market?
What are the key regional markets?
Which countries represent the most attractive source-to-pay (S2P) outsourcing market?
What is the breakup of the market based on the type?
Which is the most attractive type in the source-to-pay (S2P) outsourcing market?
What is the breakup of the market based on the application?
Which is the most attractive application in the source-to-pay (S2P) outsourcing market?
What is the competitive structure of the global source-to-pay (S2P) outsourcing market?
Who are the key players/companies in the global source-to-pay (S2P) outsourcing market?
1 PREFACE

2 SCOPE AND METHODOLOGY

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

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SOURCE-TO-PAY (S2P) OUTSOURCING MARKET

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

6 MARKET BREAKUP BY TYPE

6.1 S2C (Source to Contact)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 P2P (Procure to Pay)
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Manufacturing
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 CPG
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Software and IT
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Energy and Chemicals
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North 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
8.2 Asia-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
8.3 Europe
  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
8.4 Latin 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
8.5 Middle 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

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

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

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Capgemini SE
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2 CGI Inc.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Corbus LLC
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 GEP Worldwide
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 Infosys Limited
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
    13.3.5.4 SWOT Analysis
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

LIST OF TABLES

Table 1: Global: Source-to-Pay Outsourcing Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Source-to-Pay Outsourcing Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Source-to-Pay Outsourcing Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Source-to-Pay Outsourcing Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Source-to-Pay Outsourcing Market: Competitive Structure
Table 6: Global: Source-to-Pay Outsourcing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Source-to-Pay Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Source-to-Pay Outsourcing Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Source-to-Pay Outsourcing Market: Breakup by Type (in %), 2023
Figure 5: Global: Source-to-Pay Outsourcing Market: Breakup by Application (in %), 2023
Figure 6: Global: Source-to-Pay Outsourcing Market: Breakup by Region (in %), 2023
Figure 7: Global: Source-to-Pay Outsourcing (S2C (Source to Contact)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Source-to-Pay Outsourcing (S2C (Source to Contact)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Source-to-Pay Outsourcing (P2P (Procure to Pay)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Source-to-Pay Outsourcing (P2P (Procure to Pay)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Source-to-Pay Outsourcing (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Source-to-Pay Outsourcing (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Source-to-Pay Outsourcing (CPG) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Source-to-Pay Outsourcing (CPG) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Source-to-Pay Outsourcing (Software and IT) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Source-to-Pay Outsourcing (Software and IT) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Source-to-Pay Outsourcing (Energy and Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Source-to-Pay Outsourcing (Energy and Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Source-to-Pay Outsourcing (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Source-to-Pay Outsourcing (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: United States: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: United States: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Canada: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Canada: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Asia-Pacific: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Asia-Pacific: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: China: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: China: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Japan: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Japan: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: South Korea: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: South Korea: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Australia: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Australia: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Indonesia: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Indonesia: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Others: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Others: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Germany: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Germany: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: France: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: France: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United Kingdom: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United Kingdom: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Italy: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Italy: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Spain: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Spain: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Russia: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Russia: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Latin America: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Latin America: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Mexico: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Mexico: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Middle East and Africa: Source-to-Pay Outsourcing Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Middle East and Africa: Source-to-Pay Outsourcing Market: Breakup by Country (in %), 2023
Figure 69: Middle East and Africa: Source-to-Pay Outsourcing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Global: Source-to-Pay Outsourcing Industry: Drivers, Restraints, and Opportunities
Figure 71: Global: Source-to-Pay Outsourcing Industry: Value Chain Analysis
Figure 72: Global: Source-to-Pay Outsourcing Industry: Porter's Five Forces Analysis


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