PUBLISHER: KBV Research | PRODUCT CODE: 1804034
PUBLISHER: KBV Research | PRODUCT CODE: 1804034
LAMEA 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 Latin America, Middle East and Africa Procure To Pay Solution Market would witness market growth of 7.5% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA 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 232 million by 2032. The Argentina market is showcasing a CAGR of 9% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 6.5% during (2025 - 2032). The Brazil and UAE led the LAMEA Procure To Pay Solution Market by Country with a market share of 20.8% and 16.1% in 2024.
The LAMEA region's Procure-to-Pay (P2P) solution market has changed quickly from a bunch of separate manual procurement systems to advanced digital platforms. This is because businesses need efficiency, transparency, and compliance. Governments in Brazil and the UAE have started electronic procurement programs to cut down on corruption and make people more responsible. At the same time, economic growth has led to more investments in technology. Cloud computing is becoming more popular because it is scalable and saves money. AI and machine learning are making automation, predictive analytics, and fraud detection better. Companies are also using end-to-end automation to make the procurement process faster, work better with suppliers, and help reach sustainability goals. This change shows that more and more people see procurement as a way to control costs and improve performance.
The competition in LAMEA is always changing. Global companies like SAP and Oracle compete with local companies that make solutions that fit local rules and industry needs. Some important trends are the growth of cloud-based P2P platforms for more flexibility, AI- and ML-driven analytics for smarter buying, and better tools for working with suppliers to make supply chains stronger. To meet the region's wide range of digital maturity levels, vendors are putting a lot of money into research and development, strategic partnerships, and training customers. Software solutions make up the biggest part of revenue, especially cloud-based platforms. Services like consulting and managed solutions are still important, but they are smaller in scale. As demand for automation and compliance grows, competition is getting tougher. Vendors are having to stand out by coming up with new ideas, offering localized services, and providing great customer support.
Component Outlook
Based on Component, the market is segmented into Software and Services. With a compound annual growth rate (CAGR) of 8% over the projection period, the Software Market, dominate the Saudi Arabia Procure To Pay Solution Market by Component in 2024 and would be a prominent market until 2032. The Services market is expected to witness a CAGR of 7.6% 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 Brazil Procure To Pay Solution Market by End Use; The Manufacturing market achieved a market size of USD 39.9 Million in 2024 and is expected to grow at a CAGR of 4.7 % during the forecast period. The IT & Telecom market is predicted to experience a CAGR of 6.3% throughout the forecast period from (2025 - 2032).
Country Outlook
Brazil is a major market for procure-to-pay (P2P) solutions in the LAMEA region because its economy is so varied and it needs fast, digital procurement processes. Adoption is heavily influenced by the need for better financial governance and compliance with local tax laws like SPED. Cloud-based platforms and mobile procurement apps are becoming more popular because they are flexible and can grow with your business. At the same time, AI and analytics are being used more and more to improve spend management and supplier risk. Competition comes from both international vendors working with local companies and domestic providers using their knowledge of regulations. Working with banks also makes payment integration and operational efficiency better.
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.
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Procure To Pay Solution Market, by Component
- 1.4.2 LAMEA Procure To Pay Solution Market, by Deployment
- 1.4.3 LAMEA Procure To Pay Solution Market, by Enterprise Size
- 1.4.4 LAMEA Procure To Pay Solution Market, by End Use
- 1.4.5 LAMEA 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 - LAMEA Procure To Pay Solution Market
Chapter 5. State of Competition - LAMEA 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. LAMEA Procure To Pay Solution Market by Component
- 10.1 LAMEA Software Market by Country
- 10.2 LAMEA Services Market by Country
Chapter 11. LAMEA Procure To Pay Solution Market by Deployment
- 11.1 LAMEA Cloud Market by Country
- 11.2 LAMEA On-Premises Market by Country
Chapter 12. LAMEA Procure To Pay Solution Market by Enterprise Size
- 12.1 LAMEA Large Enterprises Market by Country
- 12.2 LAMEA Small & Medium Enterprises (SMEs) Market by Country
Chapter 13. LAMEA Procure To Pay Solution Market by End Use
- 13.1 LAMEA Manufacturing Market by Country
- 13.2 LAMEA BFSI Market by Country
- 13.3 LAMEA Retail Market by Country
- 13.4 LAMEA Healthcare Market by Country
- 13.5 LAMEA IT & Telecom Market by Country
- 13.6 LAMEA Other End Use Market by Country
Chapter 14. LAMEA Procure To Pay Solution Market by Country
- 14.1 Brazil Procure To Pay Solution Market
- 14.1.1 Brazil Procure To Pay Solution Market by Component
- 14.1.2 Brazil Procure To Pay Solution Market by Deployment
- 14.1.3 Brazil Procure To Pay Solution Market by Enterprise Size
- 14.1.4 Brazil Procure To Pay Solution Market by End Use
- 14.2 Argentina Procure To Pay Solution Market
- 14.2.1 Argentina Procure To Pay Solution Market by Component
- 14.2.2 Argentina Procure To Pay Solution Market by Deployment
- 14.2.3 Argentina Procure To Pay Solution Market by Enterprise Size
- 14.2.4 Argentina Procure To Pay Solution Market by End Use
- 14.3 UAE Procure To Pay Solution Market
- 14.3.1 UAE Procure To Pay Solution Market by Component
- 14.3.2 UAE Procure To Pay Solution Market by Deployment
- 14.3.3 UAE Procure To Pay Solution Market by Enterprise Size
- 14.3.4 UAE Procure To Pay Solution Market by End Use
- 14.4 Saudi Arabia Procure To Pay Solution Market
- 14.4.1 Saudi Arabia Procure To Pay Solution Market by Component
- 14.4.2 Saudi Arabia Procure To Pay Solution Market by Deployment
- 14.4.3 Saudi Arabia Procure To Pay Solution Market by Enterprise Size
- 14.4.4 Saudi Arabia Procure To Pay Solution Market by End Use
- 14.5 South Africa Procure To Pay Solution Market
- 14.5.1 South Africa Procure To Pay Solution Market by Component
- 14.5.2 South Africa Procure To Pay Solution Market by Deployment
- 14.5.3 South Africa Procure To Pay Solution Market by Enterprise Size
- 14.5.4 South Africa Procure To Pay Solution Market by End Use
- 14.6 Nigeria Procure To Pay Solution Market
- 14.6.1 Nigeria Procure To Pay Solution Market by Component
- 14.6.2 Nigeria Procure To Pay Solution Market by Deployment
- 14.6.3 Nigeria Procure To Pay Solution Market by Enterprise Size
- 14.6.4 Nigeria Procure To Pay Solution Market by End Use
- 14.7 Rest of LAMEA Procure To Pay Solution Market
- 14.7.1 Rest of LAMEA Procure To Pay Solution Market by Component
- 14.7.2 Rest of LAMEA Procure To Pay Solution Market by Deployment
- 14.7.3 Rest of LAMEA Procure To Pay Solution Market by Enterprise Size
- 14.7.4 Rest of LAMEA 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 LAMEA Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 2 LAMEA Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Procure To Pay Solution Market
- TABLE 4 LAMEA Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 5 LAMEA Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 6 LAMEA Software Market by Country, 2021 - 2024, USD Million
- TABLE 7 LAMEA Software Market by Country, 2025 - 2032, USD Million
- TABLE 8 LAMEA Services Market by Country, 2021 - 2024, USD Million
- TABLE 9 LAMEA Services Market by Country, 2025 - 2032, USD Million
- TABLE 10 LAMEA Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 11 LAMEA Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 12 LAMEA Cloud Market by Country, 2021 - 2024, USD Million
- TABLE 13 LAMEA Cloud Market by Country, 2025 - 2032, USD Million
- TABLE 14 LAMEA On-Premises Market by Country, 2021 - 2024, USD Million
- TABLE 15 LAMEA On-Premises Market by Country, 2025 - 2032, USD Million
- TABLE 16 LAMEA Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 17 LAMEA Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 18 LAMEA Large Enterprises Market by Country, 2021 - 2024, USD Million
- TABLE 19 LAMEA Large Enterprises Market by Country, 2025 - 2032, USD Million
- TABLE 20 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2024, USD Million
- TABLE 21 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2025 - 2032, USD Million
- TABLE 22 LAMEA Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 23 LAMEA Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 24 LAMEA Manufacturing Market by Country, 2021 - 2024, USD Million
- TABLE 25 LAMEA Manufacturing Market by Country, 2025 - 2032, USD Million
- TABLE 26 LAMEA BFSI Market by Country, 2021 - 2024, USD Million
- TABLE 27 LAMEA BFSI Market by Country, 2025 - 2032, USD Million
- TABLE 28 LAMEA Retail Market by Country, 2021 - 2024, USD Million
- TABLE 29 LAMEA Retail Market by Country, 2025 - 2032, USD Million
- TABLE 30 LAMEA Healthcare Market by Country, 2021 - 2024, USD Million
- TABLE 31 LAMEA Healthcare Market by Country, 2025 - 2032, USD Million
- TABLE 32 LAMEA IT & Telecom Market by Country, 2021 - 2024, USD Million
- TABLE 33 LAMEA IT & Telecom Market by Country, 2025 - 2032, USD Million
- TABLE 34 LAMEA Other End Use Market by Country, 2021 - 2024, USD Million
- TABLE 35 LAMEA Other End Use Market by Country, 2025 - 2032, USD Million
- TABLE 36 LAMEA Procure To Pay Solution Market by Country, 2021 - 2024, USD Million
- TABLE 37 LAMEA Procure To Pay Solution Market by Country, 2025 - 2032, USD Million
- TABLE 38 Brazil Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 39 Brazil Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 40 Brazil Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 41 Brazil Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 42 Brazil Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 43 Brazil Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 44 Brazil Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 45 Brazil Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 46 Brazil Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 47 Brazil Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 48 Argentina Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 49 Argentina Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 50 Argentina Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 51 Argentina Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 52 Argentina Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 53 Argentina Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 54 Argentina Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 55 Argentina Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 56 Argentina Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 57 Argentina Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 58 UAE Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 59 UAE Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 60 UAE Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 61 UAE Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 62 UAE Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 63 UAE Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 64 UAE Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 65 UAE Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 66 UAE Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 67 UAE Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 68 Saudi Arabia Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 69 Saudi Arabia Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 70 Saudi Arabia Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 71 Saudi Arabia Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 72 Saudi Arabia Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 73 Saudi Arabia Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 74 Saudi Arabia Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 75 Saudi Arabia Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 76 Saudi Arabia Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 77 Saudi Arabia Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 78 South Africa Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 79 South Africa Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 80 South Africa Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 81 South Africa Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 82 South Africa Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 83 South Africa Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 84 South Africa Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 85 South Africa Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 86 South Africa Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 87 South Africa Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 88 Nigeria Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 89 Nigeria Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 90 Nigeria Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 91 Nigeria Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 92 Nigeria Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 93 Nigeria Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 94 Nigeria Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 95 Nigeria Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 96 Nigeria Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 97 Nigeria Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 98 Rest of LAMEA Procure To Pay Solution Market, 2021 - 2024, USD Million
- TABLE 99 Rest of LAMEA Procure To Pay Solution Market, 2025 - 2032, USD Million
- TABLE 100 Rest of LAMEA Procure To Pay Solution Market by Component, 2021 - 2024, USD Million
- TABLE 101 Rest of LAMEA Procure To Pay Solution Market by Component, 2025 - 2032, USD Million
- TABLE 102 Rest of LAMEA Procure To Pay Solution Market by Deployment, 2021 - 2024, USD Million
- TABLE 103 Rest of LAMEA Procure To Pay Solution Market by Deployment, 2025 - 2032, USD Million
- TABLE 104 Rest of LAMEA Procure To Pay Solution Market by Enterprise Size, 2021 - 2024, USD Million
- TABLE 105 Rest of LAMEA Procure To Pay Solution Market by Enterprise Size, 2025 - 2032, USD Million
- TABLE 106 Rest of LAMEA Procure To Pay Solution Market by End Use, 2021 - 2024, USD Million
- TABLE 107 Rest of LAMEA Procure To Pay Solution Market by End Use, 2025 - 2032, USD Million
- TABLE 108 Key Information - SAP SE
- TABLE 109 Key Information - Oracle Corporation
- TABLE 110 Key Information - IBM Corporation
- TABLE 111 Key Information - Ivalua Inc.
- TABLE 112 Key information - Coupa Software, Inc.
- TABLE 113 Key Information - Zycus, Inc.
- TABLE 114 Key Information - Procurify Technologies, Inc.
- TABLE 115 Key Information - GEP Software
- TABLE 116 Key Information - Informetica Inc.
- TABLE 117 Key Information - Corcentric Inc.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 LAMEA 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 LAMEA Procure To Pay Solution Market share by Component, 2024
- FIG 7 LAMEA Procure To Pay Solution Market share by Component, 2032
- FIG 8 LAMEA Procure To Pay Solution Market by Component, 2021 - 2032, USD Million
- FIG 9 LAMEA Procure To Pay Solution Market share by Deployment, 2024
- FIG 10 LAMEA Procure To Pay Solution Market share by Deployment, 2032
- FIG 11 LAMEA Procure To Pay Solution Market by Deployment, 2021 - 2032, USD Million
- FIG 12 LAMEA Procure To Pay Solution Market share by Enterprise Size, 2024
- FIG 13 LAMEA Procure To Pay Solution Market share by Enterprise Size, 2032
- FIG 14 LAMEA Procure To Pay Solution Market by Enterprise Size, 2021 - 2032, USD Million
- FIG 15 LAMEA Procure To Pay Solution Market share by End Use, 2024
- FIG 16 LAMEA Procure To Pay Solution Market share by End Use, 2032
- FIG 17 LAMEA Procure To Pay Solution Market by End Use, 2021 - 2032, USD Million
- FIG 18 LAMEA Procure To Pay Solution Market share by Country, 2024
- FIG 19 LAMEA Procure To Pay Solution Market share by Country, 2032
- FIG 20 LAMEA 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.
