QKS Group reports that the Procure-to-Pay (P2P) market is expected to grow at a CAGR of 9% by 2028, driven by organizations’ increasing focus on resilience, cost optimization, and digital transformation.
The global pandemic significantly impacted supply chains worldwide, prompting enterprises to prioritize business continuity, agility, and stronger governance. Companies are intensifying efforts to enhance data management, reduce operational silos, and improve enterprise visibility. As uncertainty continues, organizations are automating end-to-end P2P workflows, optimizing cash flow, and boosting savings through smarter procurement operations.
The shift from manual processes to intelligent digital workflows—spanning procurement requests, purchasing, invoicing, approvals, and supplier compliance—has accelerated investments in advanced technologies. Organizations are adopting AI, machine learning, blockchain, NLP, and robotic process automation (RPA) to create collaborative, automated, and scalable P2P environments.
Vendors are enhancing their platforms with real-time spend tracking, guided buying interfaces, smarter invoice matching, integrated approval workflows, and seamless supplier management. AI-driven guided buying is becoming a key differentiator, enabling employees to make faster and more accurate purchasing decisions through intuitive digital experiences.
Key Questions This Study Will Address
What is the growth rate of the global Procure-to-Pay (P2P) market?
What factors are driving or restraining P2P market expansion?
Which industry verticals present the most significant growth opportunities?
Which regions are expected to dominate P2P adoption?
Which customer segments have the highest adoption potential?
Which P2P deployment models are likely to grow fastest over the next five years?
Strategic Market Direction
The Procure-to-Pay market, though mature, is experiencing steady growth as industries such as retail, CPG, life sciences, BFSI, oil & gas, automotive, manufacturing, aviation, telecom, and technology undergo rapid transformation. Organizations are increasingly prioritizing full-scale procurement automation to improve efficiency, enhance customer experience, and enable responsive, agile supply chain operations.
Leading vendors are innovating beyond core sourcing and contracting features by offering advanced, value-added capabilities that address the evolving needs of global enterprises. These enhanced P2P functionalities support smarter decision-making, strengthen supplier collaboration, and create competitive advantages in a dynamic market landscape.
Vendors Covered
Coupa, SAP Ariba, GEP, Ivalua, Zycus, Jaggaer, Basware, Synertrade, Elcom, Oracle, OpusCapita, Corcentric, Medius, Proactis, Esker, BirchStreet Systems, and Varis.
Custom Research Service
Our custom research service is designed to meet the client’s specific requirements by providing a customized, in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic to help companies successfully address business challenges. Our team of experienced consultants can help you achieve short-term and long-term business goals.
Key Questions This Study Will Address
What is the growth rate of the global Procure-to-Pay (P2P) market?
What factors are driving or restraining P2P market expansion?
Which industry verticals present the most significant growth opportunities?
Which regions are expected to dominate P2P adoption?
Which customer segments have the highest adoption potential?
Which P2P deployment models are likely to grow fastest over the next five years?
Strategic Market Direction
The Procure-to-Pay market, though mature, is experiencing steady growth as industries such as retail, CPG, life sciences, BFSI, oil & gas, automotive, manufacturing, aviation, telecom, and technology undergo rapid transformation. Organizations are increasingly prioritizing full-scale procurement automation to improve efficiency, enhance customer experience, and enable responsive, agile supply chain operations.
Leading vendors are innovating beyond core sourcing and contracting features by offering advanced, value-added capabilities that address the evolving needs of global enterprises. These enhanced P2P functionalities support smarter decision-making, strengthen supplier collaboration, and create competitive advantages in a dynamic market landscape.
Vendors Covered
Coupa, SAP Ariba, GEP, Ivalua, Zycus, Jaggaer, Basware, Synertrade, Elcom, Oracle, OpusCapita, Corcentric, Medius, Proactis, Esker, BirchStreet Systems, and Varis.
Custom Research Service
Our custom research service is designed to meet the client’s specific requirements by providing a customized, in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic to help companies successfully address business challenges. Our team of experienced consultants can help you achieve short-term and long-term business goals.
#P2PMarket
#ProcureToPay
#ProcurementTech
#SupplyChainManagement
Key Questions This Study Will Address
What is the growth rate of the global Procure-to-Pay (P2P) market?
What factors are driving or restraining P2P market expansion?
Which industry verticals present the most significant growth opportunities?
Which regions are expected to dominate P2P adoption?
Which customer segments have the highest adoption potential?
Which P2P deployment models are likely to grow fastest over the next five years?
Strategic Market Direction
The Procure-to-Pay market, though mature, is experiencing steady growth as industries such as retail, CPG, life sciences, BFSI, oil & gas, automotive, manufacturing, aviation, telecom, and technology undergo rapid transformation. Organizations are increasingly prioritizing full-scale procurement automation to improve efficiency, enhance customer experience, and enable responsive, agile supply chain operations.
Leading vendors are innovating beyond core sourcing and contracting features by offering advanced, value-added capabilities that address the evolving needs of global enterprises. These enhanced P2P functionalities support smarter decision-making, strengthen supplier collaboration, and create competitive advantages in a dynamic market landscape.
Vendors Covered
Coupa, SAP Ariba, GEP, Ivalua, Zycus, Jaggaer, Basware, Synertrade, Elcom, Oracle, OpusCapita, Corcentric, Medius, Proactis, Esker, BirchStreet Systems, and Varis.
Custom Research Service
Our custom research service is designed to meet the client’s specific requirements by providing a customized, in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic to help companies successfully address business challenges. Our team of experienced consultants can help you achieve short-term and long-term business goals.
