What is Source-to-Pay Outsourcing Market Scope?
Source-to-pay outsourcing technology involves the enabling of scalable infrastructure for organization growth. It includes designing the new workflow process, managing spending, managing the workforce, and implementing the plans effectivity with the help of teams. It is the process that starts with searching, negotiating, and contracting with other business partners. All these processes have been evolved with the advancement in the IT sector and the use of big data and digital networks for this process. Source-to-pay outsourcing mainly focuses on procurement and strategic components.
Influencing Trend:
Increasing Automation in the Source-to-Pay Outsourcing Process like Big Data and Digital Networks
Market Growth Drivers:
Growing Information Technology Industry with Number of Outsourcing Operations and Demand for New Workforce Strategy in Organisations Providing Productivity and Efficiency
Challenges:
Technological Issues with the Slower Process
Restraints:
Problem with Human Resource and Training Costs Might Hinder the Source-to-Pay Outsourcing Market
Opportunities:
Technological Advancement in the Source-to-Pay Outsourcing Market and Surging Spendings of Organisation Across the World in Outsourcing
The Source-to-Pay Outsourcing market study is being classified by Type (S2C (Source to Contact) and P2P (Procure to Pay)), by Application and major geographies with country level break-up.
GIS International (Belgium), Canon Business Process Services (United States), Accenture plc (Ireland), Capgemini SE (France), GEP Worldwide (United States), Corbus, LLC. (Soin LLC) (United States), Infosys Limited (India), Wax Digital (Medius AB) (United Kingdom) and Hewlett-Packard Company (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Source-to-Pay Outsourcing market by Type, Application and Region.
On the basis of geography, the market of Source-to-Pay Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 20th November 2019, Medius, the leader in cloud-based accounts payable automation, announced that it has acquired Wax Digital, an industry-leading procurement solutions provider headquartered in the U.K. From sourcing and contracting with suppliers to placing orders, as well as matching, processing, and paying invoices, the acquisition of Wax transforms Medius from a market-leading accounts payable-focused solution into a comprehensive product suite with full source-to-pay (S2P) capabilities.
Key Target Audience
Source-to-Pay Outsourcing Service Providers, Source-to-Pay Outsourcing International Companies, Source-to-Pay Outsourcing Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Source-to-Pay Outsourcing Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Source-to-Pay Outsourcing Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Source-to-Pay Outsourcing industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.