PUBLISHER: KBV Research | PRODUCT CODE: 1804020
PUBLISHER: KBV Research | PRODUCT CODE: 1804020
North America Procure To Pay Solution Market Size, Share & Industry Analysis Report By Component, By Deployment, By Enterprise Size (Large Enterprises and Small & Medium Enterprises ), By End Use, By Country and Growth Forecast, 2025 - 2032
The North America Procure To Pay Solution Market would witness market growth of 5.8% CAGR during the forecast period (2025-2032).
The US market dominated the North America Procure To Pay Solution Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 3,228 million by 2032. The Canada market is experiencing a CAGR of 7.9% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 7.2% during (2025 - 2032). The US and Canada led the North America Procure To Pay Solution Market by Country with a market share of 76.2% and 12% in 2024.
The procure-to-pay (P2P) market in North America has changed a lot. It used to be based on paper and manual systems, but now it uses advanced, technology-based solutions. Early ERP systems made buying things easier, but they were expensive and inflexible, so only big companies used them. Cloud computing changed everything by giving businesses of all sizes access to scalable, flexible, and cheap platforms. This change made it possible to work together in real time, see things more clearly, and follow the rules better. AI, machine learning, RPA, and predictive analytics are some of the newer technologies that have made P2P even better by automating repetitive tasks, making it easier to find fraud, and allowing decisions to be made based on data.
Today, the North American P2P market is very competitive and spread out, with big enterprise software companies competing with smaller and more specialized ones. Market leaders stand out from the rest by constantly coming up with new ideas, providing great customer service, and having strong compliance frameworks. They use AI, blockchain, and advanced analytics to improve automation, data security, and working together with suppliers. To meet their unique procurement needs, mid-sized companies focus on flexibility, customization, and solutions that are specific to their industry. Vendors also compete by offering flexible pricing models, like cloud-based subscriptions, which let you grow your business and save money.
Component Outlook
Based on Component, the market is segmented into Software and Services. The Software market segment dominated the Mexico Procure To Pay Solution Market by Component is expected to grow at a CAGR of 7.2 % during the forecast period thereby continuing its dominance until 2032. Also, The Services market is anticipated to grow as a CAGR of 7 % during the forecast period during (2025 - 2032).
End Use Outlook
Based on End Use, the market is segmented into Manufacturing, BFSI, Retail, Healthcare, IT & Telecom, and Other End Use. Among various Canada Procure To Pay Solution Market by End Use; The Manufacturing market achieved a market size of USD 92 Million in 2024 and is expected to grow at a CAGR of 6.9 % during the forecast period. The IT & Telecom market is predicted to experience a CAGR of 8.6% throughout the forecast period from (2025 - 2032).
Country Outlook
The United States has the biggest and most developed market for procure-to-pay (P2P) solutions in North America. This is because it has a strong industrial base, a well-developed IT infrastructure, and a lot of digital transformation. More and more businesses in manufacturing, retail, healthcare, and financial services are using P2P systems to improve efficiency, lower costs, and make sure they follow rules like SOX, FAR, HIPAA, and GLBA. Cloud-based platforms are the most popular because they can grow, be accessed from anywhere, and be set up more quickly. AI, machine learning, and blockchain are used for automation, fraud detection, spend analytics, and supplier transparency. More and more, sustainability and ESG issues are becoming part of procurement strategies.
List of Key Companies Profiled
- SAP SE
- Oracle Corporation
- IBM Corporation
- Ivalua Inc.
- Coupa Software, Inc.
- GEP Software
- Zycus, Inc.
- Procurify Technologies, Inc.
- Corcentric Inc.
- Informatica Inc.
North America Procure To Pay Solution Market Report Segmentation
By Component
- Software
- Services
By Deployment
- Cloud
- On-Premises
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By End Use
- Manufacturing
- BFSI
- Retail
- Healthcare
- IT & Telecom
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Procure To Pay Solution Market, by Component
- 1.4.2 North America Procure To Pay Solution Market, by Deployment
- 1.4.3 North America Procure To Pay Solution Market, by Enterprise Size
- 1.4.4 North America Procure To Pay Solution Market, by End Use
- 1.4.5 North America Procure To Pay Solution Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.2 Market Drivers
- 3.1.3 Market Restraints
- 3.1.4 Market Opportunities
- 3.1.5 Market Challenges
- 3.1.1 Overview
- 3.2 Porter Five Forces Analysis
Chapter 4. Market Trends - North America Procure To Pay Solution Market
Chapter 5. State of Competition - North America Procure To Pay Solution Market
Chapter 6. Product Life Cycle (PLC) - Procure To Pay Solution Market
Chapter 7. Market Consolidation - Procure To Pay Solution Market
Chapter 8. Value Chain Analysis of Procure To Pay Solution Market
Chapter 9. Key Customer Criteria - Procure To Pay Solution Market
Chapter 10. North America Procure To Pay Solution Market by Component
- 10.1 North America Software Market by Country
- 10.2 North America Services Market by Country
Chapter 11. North America Procure To Pay Solution Market by Deployment
- 11.1 North America Cloud Market by Country
- 11.2 North America On-Premises Market by Country
Chapter 12. North America Procure To Pay Solution Market by Enterprise Size
- 12.1 North America Large Enterprises Market by Country
- 12.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 13. North America Procure To Pay Solution Market by End Use
- 13.1 North America Manufacturing Market by Country
- 13.2 North America BFSI Market by Country
- 13.3 North America Retail Market by Country
- 13.4 North America Healthcare Market by Country
- 13.5 North America IT & Telecom Market by Country
- 13.6 North America Other End Use Market by Country
Chapter 14. North America Procure To Pay Solution Market by Country
- 14.1 US Procure To Pay Solution Market
- 14.1.1 US Procure To Pay Solution Market by Component
- 14.1.2 US Procure To Pay Solution Market by Deployment
- 14.1.3 US Procure To Pay Solution Market by Enterprise Size
- 14.1.4 US Procure To Pay Solution Market by End Use
- 14.2 Canada Procure To Pay Solution Market
- 14.2.1 Canada Procure To Pay Solution Market by Component
- 14.2.2 Canada Procure To Pay Solution Market by Deployment
- 14.2.3 Canada Procure To Pay Solution Market by Enterprise Size
- 14.2.4 Canada Procure To Pay Solution Market by End Use
- 14.3 Mexico Procure To Pay Solution Market
- 14.3.1 Mexico Procure To Pay Solution Market by Component
- 14.3.2 Mexico Procure To Pay Solution Market by Deployment
- 14.3.3 Mexico Procure To Pay Solution Market by Enterprise Size
- 14.3.4 Mexico Procure To Pay Solution Market by End Use
- 14.4 Rest of North America Procure To Pay Solution Market
- 14.4.1 Rest of North America Procure To Pay Solution Market by Component
- 14.4.2 Rest of North America Procure To Pay Solution Market by Deployment
- 14.4.3 Rest of North America Procure To Pay Solution Market by Enterprise Size
- 14.4.4 Rest of North America Procure To Pay Solution Market by End Use
Chapter 15. Company Profiles
- 15.1 SAP SE
- 15.1.1 Company Overview
- 15.1.2 Financial Analysis
- 15.1.3 Regional Analysis
- 15.1.4 Research & Development Expense
- 15.1.5 SWOT Analysis
- 15.2 Oracle Corporation
- 15.2.1 Company Overview
- 15.2.2 Financial Analysis
- 15.2.3 Segmental and Regional Analysis
- 15.2.4 Research & Development Expense
- 15.2.5 SWOT Analysis
- 15.3 IBM Corporation
- 15.3.1 Company Overview
- 15.3.2 Financial Analysis
- 15.3.3 Regional & Segmental Analysis
- 15.3.4 Research & Development Expenses
- 15.3.5 SWOT Analysis
- 15.4 Ivalua Inc.
- 15.4.1 Company Overview
- 15.5 Coupa Software, Inc.
- 15.5.1 Company Overview
- 15.6 Zycus, Inc.
- 15.6.1 Company Overview
- 15.7 Procurify Technologies Inc.
- 15.7.1 Company Overview
- 15.8 GEP Software
- 15.8.1 Company Overview
- 15.9 Informatica Inc.
- 15.9.1 Company Overview
- 15.9.2 Financial Analysis
- 15.9.3 Regional Analysis
- 15.9.4 Research & Development Expenses
- 15.9.5 SWOT Analysis
- 15.10. Corcentric Inc.
- 15.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 2 North America Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Procure To Pay Solution Market
- TABLE 4 North America Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 5 North America Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 6 North America Software Market by Country, 2021 - 2024, USD Million
- TABLE 7 North America Software Market by Country, 2025 - 2032, USD Million
- TABLE 8 North America Services Market by Country, 2021 - 2024, USD Million
- TABLE 9 North America Services Market by Country, 2025 - 2032, USD Million
- TABLE 10 North America Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 11 North America Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 12 North America Cloud Market by Country, 2021 - 2024, USD Million
- TABLE 13 North America Cloud Market by Country, 2025 - 2032, USD Million
- TABLE 14 North America On-Premises Market by Country, 2021 - 2024, USD Million
- TABLE 15 North America On-Premises Market by Country, 2025 - 2032, USD Million
- TABLE 16 North America Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 17 North America Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 18 North America Large Enterprises Market by Country, 2021 - 2024, USD Million
- TABLE 19 North America Large Enterprises Market by Country, 2025 - 2032, USD Million
- TABLE 20 North America Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2024, USD Million
- TABLE 21 North America Small & Medium Enterprises (SMEs) Market by Country, 2025 - 2032, USD Million
- TABLE 22 North America Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 23 North America Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 24 North America Manufacturing Market by Country, 2021 - 2024, USD Million
- TABLE 25 North America Manufacturing Market by Country, 2025 - 2032, USD Million
- TABLE 26 North America BFSI Market by Country, 2021 - 2024, USD Million
- TABLE 27 North America BFSI Market by Country, 2025 - 2032, USD Million
- TABLE 28 North America Retail Market by Country, 2021 - 2024, USD Million
- TABLE 29 North America Retail Market by Country, 2025 - 2032, USD Million
- TABLE 30 North America Healthcare Market by Country, 2021 - 2024, USD Million
- TABLE 31 North America Healthcare Market by Country, 2025 - 2032, USD Million
- TABLE 32 North America IT & Telecom Market by Country, 2021 - 2024, USD Million
- TABLE 33 North America IT & Telecom Market by Country, 2025 - 2032, USD Million
- TABLE 34 North America Other End Use Market by Country, 2021 - 2024, USD Million
- TABLE 35 North America Other End Use Market by Country, 2025 - 2032, USD Million
- TABLE 36 North America Procure To Pay Solution Market by Country, 2021 - 2024, USD Million
- TABLE 37 North America Procure To Pay Solution Market by Country, 2025 - 2032, USD Million
- TABLE 38 US Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 39 US Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 40 US Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 41 US Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 42 US Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 43 US Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 44 US Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 45 US Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 46 US Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 47 US Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 48 Canada Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 49 Canada Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 50 Canada Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 51 Canada Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 52 Canada Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 53 Canada Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 54 Canada Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 55 Canada Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 56 Canada Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 57 Canada Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 58 Mexico Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 59 Mexico Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 60 Mexico Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 61 Mexico Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 62 Mexico Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 63 Mexico Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 64 Mexico Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 65 Mexico Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 66 Mexico Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 67 Mexico Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 68 Rest of North America Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 69 Rest of North America Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 70 Rest of North America Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 71 Rest of North America Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 72 Rest of North America Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 73 Rest of North America Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 74 Rest of North America Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 75 Rest of North America Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 76 Rest of North America Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 77 Rest of North America Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 78 Key Information - SAP SE
- TABLE 79 Key Information - Oracle Corporation
- TABLE 80 Key Information - IBM Corporation
- TABLE 81 Key Information - Ivalua Inc.
- TABLE 82 Key information - Coupa Software, Inc.
- TABLE 83 Key Information - Zycus, Inc.
- TABLE 84 Key Information - Procurify Technologies, Inc.
- TABLE 85 Key Information - GEP Software
- TABLE 86 Key Information - Informetica Inc.
- TABLE 87 Key Information - Corcentric Inc.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Procure To Pay Solution Market, 2021 - 2032, USD Million
- FIG 3 Porter's Five Forces Analysis - Procure To Pay Solution Market
- FIG 4 Value Chain Analysis of Procure To Pay Solution Market
- FIG 5 Key Customer Criteria - Procure To Pay Solution Market
- FIG 6 North America Procure To Pay Solution Market share by Component, 2024
- FIG 7 North America Procure To Pay Solution Market share by Component, 2032
- FIG 8 North America Procure To Pay Solution Market by Component, 2021 - 2032, USD Million
- FIG 9 North America Procure To Pay Solution Market share by Deployment, 2024
- FIG 10 North America Procure To Pay Solution Market share by Deployment, 2032
- FIG 11 North America Procure To Pay Solution Market by Deployment, 2021 - 2032, USD Million
- FIG 12 North America Procure To Pay Solution Market share by Enterprise Size, 2024
- FIG 13 North America Procure To Pay Solution Market share by Enterprise Size, 2032
- FIG 14 North America Procure To Pay Solution Market by Enterprise Size, 2021 - 2032, USD Million
- FIG 15 North America Procure To Pay Solution Market share by End Use, 2024
- FIG 16 North America Procure To Pay Solution Market share by End Use, 2032
- FIG 17 North America Procure To Pay Solution Market by End Use, 2021 - 2032, USD Million
- FIG 18 North America Procure To Pay Solution Market share by Country, 2024
- FIG 19 North America Procure To Pay Solution Market share by Country, 2032
- FIG 20 North America Procure To Pay Solution Market by Country, 2021 - 2032, USD Million
- FIG 21 SWOT Analysis: SAP SE
- FIG 22 SWOT Analysis: Oracle Corporation
- FIG 23 SWOT Analysis: IBM Corporation
- FIG 24 SWOT analysis: Informatica Inc.
