The Latin America, Middle East and Africa Procure To Pay Solution Market is expected to 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 is expected to 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.
The Brazil market dominated the LAMEA Procure To Pay Solution Market by country in 2024, and is expected to 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.
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
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 10. LAMEA Procure To Pay Solution Market by Component
Chapter 11. LAMEA Procure To Pay Solution Market by Deployment
Chapter 12. LAMEA Procure To Pay Solution Market by Enterprise Size
Chapter 13. LAMEA Procure To Pay Solution Market by End Use
Chapter 14. LAMEA Procure To Pay Solution Market by Country
Chapter 15. Company Profiles
Companies Mentioned
- SAP SE
- Oracle Corporation
- IBM Corporation
- Ivalua Inc.
- Coupa Software, Inc.
- GEP Software
- Zycus, Inc.
- Procurify Technologies, Inc.
- Corcentric Inc.
- Informatica Inc.
