The article cited AMA's Global Source-to-Pay Outsourcing Market Study explored substantial growth with CAGR of %. According the report, Increasing Automation in the Source-to-Pay Outsourcing Process like Big Data and Digital Networks is one of the primary growth factors for the market. Growing Information Technology Industry with Number of Outsourcing Operations
is also expected to contribute significantly to the Source-to-Pay Outsourcing market. Overall, applications of Source-to-Pay Outsourcing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as 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) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Source-to-Pay Outsourcing market identified that the demand is rising in many different parts of the world as "Technological Advancement in the Source-to-Pay Outsourcing Market
". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic. One of the challenges that industry facing is "Technological Issues with the Slower Process"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Source-to-Pay Outsourcing market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Source-to-Pay Outsourcing market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Source-to-Pay Outsourcing market tight? Which application/end-user category or Product Type [S2C (Source to Contact) and P2P (Procure to Pay)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Source-to-Pay Outsourcing market and other related sub-markets covered in the study.
o Key & emerging players in the Source-to-Pay Outsourcing market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Source-to-Pay Outsourcing market size is calculated using market estimation process, the Source-to-Pay Outsourcing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Source-to-Pay Outsourcing market size has been validated using both top-down and bottom-up approaches.