openPR Logo
Press release

Procure To Pay P2P Solutions Market Introducing New Industry Dynamics Through Swot Analysis [2020 - 2030] With a CAGR of 9.4%

11-03-2022 08:22 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Procure To Pay P2P Solutions Market Introducing New Industry

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.

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 (2020 to 2030).

Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/31514

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.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/31514

Impact of COVID- 19 Outbreak on P2P Solutions Market

The COVID-19 pandemic has impacted many businesses across the world, including retail and e-Commerce, manufacturing, financial services, and most others. Global procurement and supply chains within enterprises have been drastically disrupted amid the lockdowns. Due to the COVID-19 outbreak, the procure to pay solutions market is projected to decline by nearly 150-200 BPS in Q1-Q2, 2020.

Procurement specialists are also managing day-to-day actions of continuing plans in all sectors, and must now address the challenges posed by the pandemic. Market recovery is expected around Q1, 2021, when the impact of this crisis would be phased out and business supply chains return to normal at a steady growth rate.

Key Players :

• Coupa Software Inc.
• Oracle
• SAP SE
• Ivalua
• GEP
• Basware
• Jaggaer
• Zycus
• Wax Digital
• Tradeshift
• Determine
• Synertrade
• Proactis

Find More Valuable Insights on Procure to Pay Solutions Market

Persistence Market Research puts forward an unbiased analysis of the global procure to pay solutions market, providing historical demand data (2015-2019) and forecast statistics for the period of 2020-2030.

To understand the opportunities in P2P solutions market, the market is segmented on the basis of component (integrated procure to pay (P2P) suites, software [purchase requisition software, purchase order management software, invoicing management software, and contract management software], and services [integration & deployment, consulting ,and support & maintenance]), deployment (cloud and on-premise), enterprise size (small & mid-sized retailers and large retailers), and end user (BFSI, automotive, energy & utilities, it & telecom, retail, pharmaceuticals, and others [media & entertainment, and education]), across major regions such as North America, Latin America, Europe, East Asia, South Asia Pacific, and MEA.

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/31514

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Procure To Pay P2P Solutions Market Introducing New Industry Dynamics Through Swot Analysis [2020 - 2030] With a CAGR of 9.4% here

News-ID: 2790328 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for P2P

Millennials fuel P2P investment surge
According to the latest research, Robocash's core audience consists of millennial men with an average investment of up to €5,000. At the same time, the platform is becoming more appealing to a broader demographic, as well as geographically. Robocash analysts studied how the profile of the platform's investors has changed over the past year. Currently, the majority of investors on Robocash are aged 29-44. However, since 2024, the share
P2P Content Delivery Network (P2P CDN) Market to Witness Growth by 2024-2031
The P2P Content Delivery Network (P2P CDN) market has emerged as a transformative force in the digital content distribution landscape. P2P CDNs leverage peer-to-peer technology to distribute content efficiently, reducing the strain on centralized servers and enhancing delivery speeds. This market has experienced substantial growth due to the increasing demand for high-quality video streaming, online gaming, and other content-rich applications. P2P CDNs enable more scalable and cost-effective content delivery, making
P2P Content Delivery Network (P2P CDN) Market is Touching New Development Level …
The latest independent research document on P2P Content Delivery Network (P2P CDN) examines investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore their potential to become major business disrupters. The P2P Content Delivery Network (P2P CDN) study eludes very useful reviews & strategic assessments including the generic market trends, emerging technologies, industry drivers, challenges, and regulatory policies that propel the market growth,
Revving Up Indonesia's P2P Lending Market: 3 Catalyst Driving the Indonesia's P2 …
Indonesia has witnessed a rapid increase in internet and smartphone usage, leading to greater accessibility and creating a conducive environment for P2P lending platforms to reach a large customer base. Introduction The peer-to-peer (P2P) lending market in Indonesia has experienced significant growth in recent years, driven by various factors. P2P lending platforms, also known as financial technology (FinTech) platforms, provide an alternative financing option for individuals and businesses, particularly those who are
P2P Content Delivery Network (P2P CDN) Market to See Huge Demand by 2030: Alibab …
2022-2030 World P2P Content Delivery Network (P2P CDN) Market Report Professional Analysis 2022 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the P2P Content Delivery Network (P2P CDN) Market. Some of the key players profiled
P2P Content Delivery Network (P2P CDN) Market to see Booming Worldwide | Major G …
A Qualitative Research Study accomplished by HTF MI Titled on Global P2P Content Delivery Network (P2P CDN) Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 with detailed information of Product Types [Video & Non-video], Applications [Media and Entertainment, Gaming, Retail and eCommerce, Education, Healthcare & Others] & Key Players Such as Streamroot, Alibaba Group, Viblast, Globecast, Edgemesh, Peer5, Akamai, Qumu Corporation & CDNvideo etc. The Study provides