Categories: IT & Communication Technology

Electronic Data Interchange (EDI) Software Global Market Size, Share, By Component, By Deployment, By Industry, By Regional Forecast 2024-2033 | Boomi Inc., SPS Commerce Inc., MuleSoft LLC, TrueCommerce Inc., Rocket Software Inc.

Electronic Data Interchange (EDI) Software Market

Overview and Scope
Electronic data interchange (EDI) software refers to software that is created for data exchange. It helps to transfer business information using a standardized format. The business documents can be exchanged using EDI. The two most common exchanges are purchase orders and invoices.

Sizing and Forecast
The electronic data interchange (edi) software market size has grown rapidly in recent years. It will grow from $2.06 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to automation of business processes, efficient order processing, supply chain optimization, compliance with industry standards, globalization of business, edi as a competitive advantage..

The electronic data interchange (edi) software market size is expected to see rapid growth in the next few years. It will grow to $3.53 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to focus on data security, regulatory compliance requirements, demand for real-time information, enhanced analytics and reporting, increasing adoption in small and medium enterprises, focus on user-friendly interfaces. Major trends in the forecast period include integration with erp systems, blockchain integration for enhanced security, mobile accessibility, ai and machine learning in data mapping and translation, supplier collaboration platforms, global expansion and multi-language support, green edi practices..

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Segmentation & Regional Insights
The electronic data interchange (edi) software market covered in this report is segmented –

1) By Component: Software, Services
2) By Type: On-Premise, Cloud Based
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

North America was the largest region in the electronic data interchange (EDI) Software market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic data interchange (edi) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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. For instance, according to Selecthub, an IT technology company, 59% to 85% of companies adopt EDI technology in the supply chain industry. Similarly, in 2022, according to Quixy, an IT software company, 31% of business leaders agreed that automation software reduces labor costs and felt that automating tasks will save them 360 hours per year. Thus, the increasing adoption of automation solutions in business processes is driving the electronic data interchange (EDI) software market.

Key Industry Players
Major companies operating in the electronic data interchange (edi) software market report are Boomi Inc., SPS Commerce Inc., MuleSoft LLC, TrueCommerce Inc., Rocket Software Inc., Open Text Corporation, Babelway SA, Comarch SA, Cleo Communications, 1 EDI Source Inc., DiCentral Corporation, Ediciones y Publicaciones del Comercio S.L., Intertrade Systems, Epicor Software Corporation, Business Systems Integrators, Software AG, Crossinx GmbH, Data Masons Software LLC, IBM Corporation, The Descartes Systems Group Inc., Liaison International Inc., Oracle Corporation, GXS Inc., Edifecs Inc., Symbology Inc., Optum360 LLC, HighJump Software Inc., Jitterbit Inc., Actian Corporation, Talend Inc.

The electronic data interchange (edi) software market report table of contents includes:
1. Executive Summary

Electronic Data Interchange (EDI) Software Market Characteristics
Electronic Data Interchange (EDI) Software Market Trends And Strategies
Electronic Data Interchange (EDI) Software Market – Macro Economic Scenario
Global Electronic Data Interchange (EDI) Software Market Size and Growth

…..

Global Electronic Data Interchange (EDI) Software Market Competitive Benchmarking
Global Electronic Data Interchange (EDI) Software Market Competitive Dashboard
Key Mergers And Acquisitions In The Electronic Data Interchange (EDI) Software Market
Electronic Data Interchange (EDI) Software Market Future Outlook and Potential Analysis
Appendix

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