Product Code: SR112025A8253
The global procure-to-pay outsourcing market size reached USD 7.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.8% during 2025-2033. 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:
Type Insights:
- Inventory Management
- Logistics Services
- Customer Service
- Business Process Outsourcing (BPO)
- E-Procurement
Application Insights:
- SME
- Private Enterprise
- Utilities
- Others
- 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?
Table of Contents
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 Procure-To-Pay 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 Inventory Management
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Logistics Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Customer Service
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Business Process Outsourcing (BPO)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 E-Procurement
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 SME
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Private Enterprise
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Utilities
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 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 Accenture plc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 C1 India Private Limited
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Capgemini SE
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Coupa Software Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.5 Genpact
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 GEP Worldwide
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 IBM Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Infosys Limited
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Jaggaer
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 SAP SE
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Zycus Inc.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.