Global Electronic Data Interchange - EDI Software
Market Report
2024
The electronic data interchange - EDI software was valued at USD 1.50 billion in 2022 and will reach USD 3.58 billion by 2030, registering a CAGR of 11.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The electronic data interchange - EDI software was valued at USD 1.50 billion in 2022 and will reach USD 3.58 billion by 2030, registering a CAGR of 11.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electronic Data Interchange - EDI Software Market Sales Revenue 2022 | $ 1.5 Billion |
Global Electronic Data Interchange - EDI Software Market Sales Revenue 2030 | $ 3.58 Billion |
Global Electronic Data Interchange - EDI Software Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Electronic Data Interchange - EDI Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electronic data interchange is a process that transfers data from one computer to another by various formatting through serial links, peer-to-peer networks, and many more. This helps in replacing paper documents with electronic forms and thus saves time and eliminates costs. EDI automation gives positive customer experiences, reduces errors, and improves the efficiency and productivity of the business. Furthermore, the integration of EDI with artificial intelligence and IoT sensors will drive this market growth.
The increasing automation and digitalization amongst industries and organizations across the globe have propelled the market growth of EDI software. The acceptance of digital platforms has replaced the traditional methods of manual operations and made it easy for businesses to work. Moreover, this software is best suited for manual operations with automated transactions. It has wide applications in transportation, distribution, inventory management , and many more in the supply chain management process. EDI software solutions improve efficiency for a growing small and medium enterprise by automating data exchange, reducing time, and eliminating annual errors. All this contributes to the growing adoption of EDI solutions and significantly drives the market growth of the electronic data interchange software market.
Electronic data interchange integrated with the cloud-based solutions consists of complexities and different methodologies which are more challenging than traditional applications. Additionally, the costs of electronic data interchange software are unpredictable, and usage-based pricing may lead to a rise in unexpected costs in case of traffic run. Therefore, to overcome such issues, organizations must adopt cloud-based data protection solutions for exchanging sensitive business information. Thus, all such factors contribute to unexpected costs and tend to hinder the market growth of EDI software.
The COVID-19 pandemic significantly impacted the electronic data interchange - EDI software market. Almost all organizations across the globe witnessed a forced closure and shut down due to tremendous viral transmission. Additionally, there was an increase in remote working and the adoption of digital technologies due to travel restrictions and lockdowns. Moreover, the EDI software solutions offered seamless data exchange and collaboration between several organizations. Hence, the increasing remote transactions minimized the disruptions in the supply chain operations during the pandemic propelling the demand for electronic data interchange software.
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Epicor, a global leader of industry-specific enterprise software to promote business growth, announced its acquisition of Data Interchange, a UK-based provider of Electronic Data Interchange (EDI) cloud technologies and managed services. The Data Interchange acquisition expanded the reach of Epicor in European markets and added to the company’s portfolio of B2B integration technologies. This empowered the customers to connect businesses and trading partners, increased efficiency, and drive value in the supply chain.
TrueCommerce Acquired DiCentral.
TrueCommerce, a leading global cloud provider of supply chain and trading partner connectivity, integration, and omnichannel solutions, announced its acquisition of DiCentral, a leading global B2B and API solutions provider. This acquisition enabled TrueCommerce to fuel the growth of its leading global network, deepen its solutions portfolio, and expanded its global geographic footprint.
Top Companies Market Share in Electronic Data Interchange - EDI Software Industry: (In no particular order of Rank)
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Global Electronic Data Interchange - EDI Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electronic Data Interchange - EDI Software Industry growth. Electronic Data Interchange - EDI Software market has been segmented with the help of its Type, Application , and others. Electronic Data Interchange - EDI Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The cloud-based segment accounts for a significant market share during the forecast period.
The cloud-based segment owing to its gaining popularity for scalable and cost-effective solutions gains the largest market share. Additionally, the cloud platform bridges the gap between traditional information technology and businesses by increasing efficiency and offering services at lower costs. Moreover, solutions offer easy operations in a cost-effective manner for organizations. It allows for ample storage and provides high data security to reduce the capital investment by the companies. Furthermore, developing technologies and resolving security issues with this software have majorly contributed to the market growth of electronic data interchange software.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Data Interchange - EDI Software Industry. Request a Free Sample PDF!
Electronic Data Interchange - EDI Software Market, by Application
The healthcare & life sciences segment accounts for a significant market share during the forecast period.
The healthcare & life sciences industry has a large amount of data that is sensitive and needs to be secured. The electronic data interchange software provides highly regulated safe, secure, and scalable technological solutions to manage all this data. Moreover, this software helps in managing all the costs of the organization and with greater flexibility helps in functioning all the operations. Furthermore, this software helps in reducing paperwork and increases operation efficiency. The rising awareness about electronic health records integrated with patient engagement further propels the demand for the EDI software market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electronic Data Interchange - EDI Software market report 2024 Edition by contacting our team.
Region and country analysis section of Electronic Data Interchange - EDI Software Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Electronic Data Interchange - EDI Software market.
The current report Scope analyzes Electronic Data Interchange - EDI Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electronic Data Interchange - EDI Software Market is witnessing significant growth in the near future.
In 2023, the Cloud-Based EDI Software segment accounted for noticeable share of global Electronic Data Interchange - EDI Software Market and is projected to experience significant growth in the near future.
The Banking segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SPS Commerce, Cleo and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Cloud-Based EDI Software, On-premise EDI Software |
Application | Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, IT & Telecom, Others |
List of Competitors | SPS Commerce, TrueCommerce, Cleo, DiCentral, Dell Boomi, MuleSoft, Open Text, 1 EDI Source, RSSBus Connect, Rocket Software, Software AG, Babelway |
This chapter will help you gain GLOBAL Market Analysis of Electronic Data Interchange - EDI Software. Further deep in this chapter, you will be able to review Global Electronic Data Interchange - EDI Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Electronic Data Interchange - EDI Software Market Trends North America Electronic Data Interchange - EDI Software Technological Road Map North America Electronic Data Interchange - EDI Software Market Drivers North America Electronic Data Interchange - EDI Software Market Restraints North America Electronic Data Interchange - EDI Software Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electronic Data Interchange - EDI Software market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cloud-Based EDI Software have a significant impact on Electronic Data Interchange - EDI Software market? |
What are the key factors affecting the Cloud-Based EDI Software and On-premise EDI Software of Electronic Data Interchange - EDI Software Market? |
What is the CAGR/Growth Rate of Banking during the forecast period? |
By type, which segment accounted for largest share of the global Electronic Data Interchange - EDI Software Market? |
Which region is expected to dominate the global Electronic Data Interchange - EDI Software Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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