Electronic Data Interchange (EDI) Market Size Report

The Electronic Data Interchange EDI Software Global Market Report 2023 by The Business Research Company, provides electronic data interchange (edi) software market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Electronic Data Interchange EDI Software Global Market Report 2023, the market size is expected to grow from$1.84 billion in 2022 to $2.05 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size is expected to reach $3.08 billion in 2027 at a CAGR of 10.7%.

The increasing adoption of automation solutions in business processes is driving the electronic data interchange (EDI) software market. Automation solutions in business processes comprise using software applications to automate repeatable business activities and services. Electronic data interchange (EDI) software is an automated solution used for B2B to transfer business documents between business partners, such as suppliers or customers. EDI technology automates a process that was previously manually handled with paper documents, saving time and money for businesses.

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The electronic data interchange (edi) software market is segmented:

1) By Type: On-Premise, Cloud Based

2) By Component: Software, Services

3) By Application: Small and Medium-Sized Enterprises, Large Enterprises

4) By Industry: Automotive, Banking, Financial Services and Insurance, Telecommunication and Information Technology, Retail and Consumer Goods, Manufacturing, Healthcare, Logistics, Other Industry

New technological innovations are the key trend gaining popularity in the electronic data interchange (EDI) software market. Major companies operating in the market are introducing new technologies, such as ENDEAVOR, which works on RFID and IIoT technology, to sustain their position in the market. For instance, in August 2020, Radley Corporation, a US-based software company, launched ENDEAVOR, a platform for increasing visibility, reducing costs, and optimizing the supply chain. The help of RFID and IIoT technology helps in the collection of information throughout manufacturing production or warehouse processes. Additionally, this contains insight that could help manufacturers and distribution centers streamline workflows while adding visibility to their performance data.

The electronic data interchange (edi) software market report table of contents includes:

1. Executive Summary
2. Electronic Data Interchange (EDI) Software Market Characteristics
3. Electronic Data Interchange (EDI) Software Market Trends And Strategies
4. Electronic Data Interchange (EDI) Software Market – Macro Economic Scenario
5. Electronic Data Interchange (EDI) Software Market Size And Growth

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26. Africa Electronic Data Interchange (EDI) Software Market
27. Electronic Data Interchange (EDI) Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Data Interchange (EDI) Software Market
29. Electronic Data Interchange (EDI) Software Market Future Outlook and Potential Analysis
30. Appendix

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