Global Electronic Data Interchange (EDI) Software Market Size Was Valued at USD 1.78 Billion In 2022 And Is Projected to Reach USD 4.52 Billion By 2030, Growing at A CAGR of 15.5% From 2023 To 2030.
Electronic Data Interchange (EDI) is the automated, computer-to-computer interchange of business information in a standard electronic format among business partners over a secure, standardized connection. Postal Mail, fax, and email were replaced by computer-to-computer EDI. Documents transfer directly from the sender's computer application (e.g. a logistics system) to the receiver's computer application (e.g. an order management system). In the 1960s EDI was introduced by Ed Guilbert to supply chains for the electronic communication between shipments in the US army. Before the internet era, EDI enabled instant long-distance communication. EDI documents are transferred by computers using standards. The popular standards of EDI are United Nations/Electronic Data Interchange for Administration, Commerce and Transport (UN/EDIFACT), Accredited Standards Committee X12 (ASC X12), GS1 EDI, VDA, and Pan-European Public Procurement Online (PEPPOL). These standards describe the rigorous format of electronic documents.
Top Company Profiles Include in Global Electronic Data Interchange (EDI) Software Market Report:
SPS Commerce (The U.S), TrueCommerce (The U.S),Mulesoft(The U.S),IBM Corporation (The U.S),Cleo (The U.S),Data Masons Software (The U.S),Edicom(Spain),Crossinx (Germany),Intertrade Systems (The U.S),Comarch (Poland),The Descartes Systems Group (Canada) and others major players
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The latest research on the Global Electric-Driven fixed-wing unmanned Aerial Vehicles Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Electronic Data Interchange (EDI) Software Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the on Global Electronic Data Interchange (EDI) Software Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of Global Electronic Data Interchange (EDI) Software Market :
By Type
- Cloud-Based
- On-Premise
By Application
- Large Enterprises
- Small and Medium Enterprises
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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opportunities in the Electronic Data Interchange (EDI) Software Market :
Increasing Adoption Of Electronic Data Interchange (EDI) Software Throughout Business Worldwide
The adoption of electronic data interchange software is increasing due to the emergence of the internet, new transport protocols such as AS2, multiple flavors of XML-based B2B document standards, API based B2B integration, because of these EDI has grown and matured like ERP systems and became a backbone for global business. In many industries and supply chain networks, a core set of EDI transaction types has been widely used. Purchase Orders, PO acknowledgment, advanced ship notice (ASN), shipment status, invoice, and payments are basic document types. Most industries globally exchange these document types with suppliers. Thus, the document set continues to expand as supply chains scale in size and scope. In addition to this, because of the automation process, EDI speeds up business cycles by 61% and reduces the time, thus increasing the demand for EDI software in small as well as large enterprises helps to the growing market in the future.
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