Market Overview:
The global procure-to-pay outsourcing market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for procurement services from small and medium enterprises (SMEs) and private enterprises, and the need for cost optimization by organizations. The inventory management segment is expected to hold the largest share of the global procure-to-pay outsourcing market in 2018, followed by logistics services and customer service segments. However, the e-procurement segment is projected to grow at a higher CAGR during the forecast period. North America accounted for the largest share of the global procure-to-pay outsourcing market in 2017, followed by Europe and Asia Pacific.
Product Definition:
Procure-To-Pay Outsourcing is the delegation of certain procurement processes and activities to an external service provider. The importance of Procure-To-Pay Outsourcing lies in the potential cost savings, improved efficiency, and increased transparency that can be achieved by delegating these processes to a specialist provider.
Inventory Management:
Inventory management is the process of tracking and controlling the flow of products through a supply chain. It helps businesses to reduce costs, increase efficiency, and improve profitability by providing real-time information on inventory levels and purchasing trends.
Procure-to-pay (P2P) outsourcing involves selling goods or services to another company in exchange for payment upon delivery.
Logistics Services:
Procure-to-pay outsourcing is a form of contract procurement in which a company procures goods or services and then pays an independent third party to perform certain supply chain functions for them. The logistics services include transportation management, warehousing & distribution management, packaging & labeling, and last-mile delivery.
Application Insights:
The Small and Medium-sized Enterprise (SME) segment accounted for the largest market share in 2017. The SME segment is anticipated to continue its dominance over the forecast period owing to increasing penetration of e-commerce and growing preference for online payment methods among small businesses. Procurement through e-commerce has increased exponentially in recent years, which is also expected to drive the SME application segment during the forecast period.
The utilities application segment was valued at USD 846.1 million in 2017 and is projected to grow at a CAGR of XX% over the next eight years, according to GoprocuretoPay Outsourcing Services, Inc., a U.S.-based research firm that provides services related procurement analytics, consulting, training & education solutions as well as industry insights on emerging markets including APAC & MEA regions).
Regional Analysis:
The European market is expected to witness significant growth over the forecast period owing to the rising adoption of e- procurement and payment technologies. The Asia Pacific regional market accounted for a revenue share of more than 30% in 2017, owing to the increasing outsourcing activities in India, China, and Japan. Moreover, growing penetration of fintech companies such as Alipay and WeChat Pay is further driving demand from small & medium enterprises (SMEs) in this region.
The North America procure-to-pay outsourcing market is likely to grow at a CAGR exceeding 5% over the forecast period on account of technological advancements such as cloud computing coupled with regulatory reforms by U.S.-based federal agencies such as General Services Administration (GSA). Furthermore, implementation of these reforms will help reduce costs associated with paper transactions thereby boosting demand for procure-to-pay solutions across various sectors including utilities & telecom services providers in this region.
Growth Factors:
- Increased focus on efficiency and cost-savings by organizations across all industries
- The continued growth of e-commerce and the need for robust procure-to-pay processes to manage increasing volumes of transactions
- The globalization of business operations and the need for streamlined procure-to-pay processes across multiple geographies
- The increased demand from private equity firms and other investors for procure-to-pay outsourcing providers with a strong track record of delivering value to their clients
- The proliferation of cloud technologies and their adoption by procurement organizations as a way to streamline operations, reduce costs, and improve efficiencies
Scope Of The Report
Report Attributes
Report Details
Report Title
Procure-To-Pay Outsourcing Market Research Report
By Type
Inventory Management, Logistics Services, Customer Service, Business Process Outsourcing (BPO), E-Procurement
By Application
SME, Private Enterprise, Utilities, Others
By Companies
Accenture, Capgemini, IBM, GEP, Infosys, TCS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Procure-To-Pay Outsourcing Market Report Segments:
The global Procure-To-Pay Outsourcing market is segmented on the basis of:
Types
Inventory Management, Logistics Services, Customer Service, Business Process Outsourcing (BPO), E-Procurement
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SME, Private Enterprise, Utilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Capgemini
- IBM
- GEP
- Infosys
- TCS
Highlights of The Procure-To-Pay Outsourcing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inventory Management
- Logistics Services
- Customer Service
- Business Process Outsourcing (BPO)
- E-Procurement
- By Application:
- SME
- Private Enterprise
- Utilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Procure-To-Pay Outsourcing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Procure-to-pay outsourcing is a procurement process in which a company outsources the procurement of goods and services to another company. The original company, known as the procurer, contracts with the provider to procure specific goods or services. The provider then acts as an intermediary between the procurer and suppliers, handling all aspects of contract negotiation and fulfillment.
Some of the key players operating in the procure-to-pay outsourcing market are Accenture, Capgemini, IBM, GEP, Infosys, TCS.
The procure-to-pay outsourcing market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Procure-To-Pay Outsourcing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Procure-To-Pay Outsourcing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Procure-To-Pay Outsourcing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Procure-To-Pay Outsourcing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Procure-To-Pay Outsourcing Market Size & Forecast, 2018-2028
4.5.1 Procure-To-Pay Outsourcing Market Size and Y-o-Y Growth
4.5.2 Procure-To-Pay Outsourcing Market Absolute $ Opportunity
Chapter 5 Global Procure-To-Pay Outsourcing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Procure-To-Pay Outsourcing Market Size Forecast by Type
5.2.1 Inventory Management
5.2.2 Logistics Services
5.2.3 Customer Service
5.2.4 Business Process Outsourcing (BPO)
5.2.5 E-Procurement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Procure-To-Pay Outsourcing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Procure-To-Pay Outsourcing Market Size Forecast by Applications
6.2.1 SME
6.2.2 Private Enterprise
6.2.3 Utilities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Procure-To-Pay Outsourcing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Procure-To-Pay Outsourcing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Procure-To-Pay Outsourcing Analysis and Forecast
9.1 Introduction
9.2 North America Procure-To-Pay Outsourcing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Procure-To-Pay Outsourcing Market Size Forecast by Type
9.6.1 Inventory Management
9.6.2 Logistics Services
9.6.3 Customer Service
9.6.4 Business Process Outsourcing (BPO)
9.6.5 E-Procurement
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Procure-To-Pay Outsourcing Market Size Forecast by Applications
9.10.1 SME
9.10.2 Private Enterprise
9.10.3 Utilities
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Procure-To-Pay Outsourcing Analysis and Forecast
10.1 Introduction
10.2 Europe Procure-To-Pay Outsourcing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Procure-To-Pay Outsourcing Market Size Forecast by Type
10.6.1 Inventory Management
10.6.2 Logistics Services
10.6.3 Customer Service
10.6.4 Business Process Outsourcing (BPO)
10.6.5 E-Procurement
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Procure-To-Pay Outsourcing Market Size Forecast by Applications
10.10.1 SME
10.10.2 Private Enterprise
10.10.3 Utilities
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Procure-To-Pay Outsourcing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Procure-To-Pay Outsourcing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Procure-To-Pay Outsourcing Market Size Forecast by Type
11.6.1 Inventory Management
11.6.2 Logistics Services
11.6.3 Customer Service
11.6.4 Business Process Outsourcing (BPO)
11.6.5 E-Procurement
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Procure-To-Pay Outsourcing Market Size Forecast by Applications
11.10.1 SME
11.10.2 Private Enterprise
11.10.3 Utilities
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Procure-To-Pay Outsourcing Analysis and Forecast
12.1 Introduction
12.2 Latin America Procure-To-Pay Outsourcing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Procure-To-Pay Outsourcing Market Size Forecast by Type
12.6.1 Inventory Management
12.6.2 Logistics Services
12.6.3 Customer Service
12.6.4 Business Process Outsourcing (BPO)
12.6.5 E-Procurement
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Procure-To-Pay Outsourcing Market Size Forecast by Applications
12.10.1 SME
12.10.2 Private Enterprise
12.10.3 Utilities
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Procure-To-Pay Outsourcing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Procure-To-Pay Outsourcing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Procure-To-Pay Outsourcing Market Size Forecast by Type
13.6.1 Inventory Management
13.6.2 Logistics Services
13.6.3 Customer Service
13.6.4 Business Process Outsourcing (BPO)
13.6.5 E-Procurement
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Procure-To-Pay Outsourcing Market Size Forecast by Applications
13.10.1 SME
13.10.2 Private Enterprise
13.10.3 Utilities
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Procure-To-Pay Outsourcing Market: Competitive Dashboard
14.2 Global Procure-To-Pay Outsourcing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Capgemini
14.3.3 IBM
14.3.4 GEP
14.3.5 Infosys
14.3.6 TCS
