Global Procure-to-Pay Outsourcing Market to Grow at a CAGR of 15.77% During 2016-2020: MarketResearchReports.Biz

MarketResearchReports.Biz has announced addition of new report “Global Procure-To-Pay Outsourcing Market 2016-2020” to its database.


Albany, NY -- (SBWIRE) -- 01/20/2017 -- About P2P Outsourcing

Procurement is a relatively new area of outsourcing. Procurement organizations face constraints in delivery due to the lack of resources. Companies often have to deal with declining budgets because of volatile economic conditions. CPOs are often forced to accomplish more with fewer resources. Budgetary restrictions are thus encouraging CPOs to seek low-cost delivery solutions such as outsourcing.

P2P outsourcing helps companies bring on board outsourcing specialists and expert teams to handle internal purchasing, thus achieving greater value in terms of cost savings and go-to-market strategies. Sometimes, service providers do not necessarily focus on defining low-cost solutions; instead, they offer value-added services such as gaining supplier insights, market speculation details, and vendor selection.

Technavios analysts forecast the global procure-to-pay (P2P) outsourcing market to grow at a CAGR of 15.77% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global procure-to-pay outsourcing market for 2016-2020. To calculate the market size, we consider revenue generated from P2P outsourcing vendors in the market and total contract value (TCV) of P2P outsourcing deals.

The market is divided into the following segments based on geography:


Technavio's report, Global Procure-To-Pay (P2P) Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Other prominent vendors
HCL Technologies
Optimum Procurement
Synise Technologies

Market driver
Cut costs in procurement process
For a full, detailed list, view our report

Market challenge
System integration challenges
For a full, detailed list, view our report

Market trend
Emergence of mobile P2P technology
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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