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IMARC Group’s report titled “Electronic Data Interchange (EDI) Market Report by Type (Direct EDI, EDI Via AS2, EDI Via VAN, Mobile EDI, Web EDI, EDI Outsourcing, and Others), Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), End User (Retail and Consumer Goods, BFSI, Healthcare, IT and Telecommunication, Transportation and Logistics, and Others), and Region 2024-2032”. The global electronic data interchange (EDI) market size reached US$ 37.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 70.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
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Factors Affecting the Growth of the Electronic Data Interchange (EDI) Industry:
Increased Need for Efficiency:
EDI automates and streamlines business processes by allowing organizations to exchange data electronically, eliminating the need for manual data entry. This reduces processing times and increases operational efficiency. Manual data entry is prone to errors, which can lead to costly mistakes and delays. EDI systems help in reducing these errors by providing accurate, automated data exchanges, ensuring that information is processed correctly and consistently.
Cost Reduction:
EDI reduces the need for paper documents, printing, postage, and physical storage. By moving to electronic transactions, businesses cut costs associated with producing, mailing, and storing paper records. Automating data exchange with EDI minimizes the need for manual data entry and processing. This reduces labor costs related to administrative tasks and frees up staff to focus on more strategic activities.
Technological Advancements:
The rise of cloud computing has made EDI solutions more accessible and affordable. Cloud-based EDI eliminates the need for expensive on-premises hardware and software, reducing the initial investment and ongoing maintenance costs for businesses. EDI systems are increasingly integrating with technologies like blockchain, artificial intelligence (AI), and machine learning. These integrations enhance data security, automate complex processes, and improve decision-making capabilities, making EDI solutions more attractive and effective.
Leading Companies Operating in the Global Electronic Data Interchange (EDI) Industry:
Cleo Communications Inc
Comarch S A
Crossinx GmbH
EDICOM
Epicor Software Corporation
International Business Machines Corporation
Mulesoft
LLC (Salesforce Inc.)
Open Text Corporation
Optum, Inc,
Oracle Corporation
Rocket Software Inc.
SPS Commerce, Inc.
TrueCommerce Inc.
Electronic Data Interchange (EDI) Market Report Segmentation:
By Type:
Direct EDI
EDI Via AS2
EDI Via VAN
Mobile EDI
Web EDI
EDI Outsourcing
Others
EDI Via VAN represents the largest segment because Value-Added Networks (VANs) provide secure, reliable, and scalable EDI solutions that facilitate complex data exchanges between multiple trading partners.
By Enterprise Size:
Large Enterprise
Small and Medium-sized Enterprise
Based on the enterprise size, the market has been bifurcated into large enterprise and small and medium-sized enterprise.
By End User:
Retail and Consumer Goods
BFSI
Healthcare
IT and Telecommunication
Transportation and Logistics
Others
Retail and consumer goods hold the biggest market share due to the sector's high volume of transactions and the critical need for efficient supply chain and inventory management enabled by EDI.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America enjoys the leading position in the electronic data interchange (EDI) market on account of its early adoption of EDI technology, advanced infrastructure, and a large number of businesses leveraging EDI for operational efficiency.
Global Electronic Data Interchange (EDI) Market Trends:
Businesses are adopting cloud-based EDI solutions for their cost-effectiveness, scalability, and ease of integration with existing systems. EDI systems are integrating with technologies like artificial intelligence (AI), machine learning, and blockchain to enhance data security, automate processes, and improve decision-making. There is a growing adoption of EDI solutions in emerging markets as companies seek to improve efficiency and comply with global trade requirements. Enhanced security measures, including advanced encryption and authentication technologies, are being implemented to protect sensitive business data transmitted through EDI.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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