The size of the global Electronic Data Interchange (EDI) Software Market was estimated at USD 1.78 billion in 2022 and is expected to increase by USD 1.98 billion in 2023 to USD 4.52 billion by 2030, exhibiting a CAGR of 12.5% over the forecast period.
Software for Electronic Data Interchange (EDI) is taken into consideration, and examples include Boomi B2B EDI, TrueCommerce EDI, Epicor EDI, and others. Large organizations' increasing preference for in-house processing, digital transformation, and process automation is the main factor driving the market's expansion. Moreover, market expansion is anticipated during the forecast period due to the increasing adoption of electronic data transactions across numerous industries. To strengthen their position in the Electronic Data Interchange software market share, the major software providers are concentrating on implementing various marketing strategies, such as mergers and acquisitions, joint ventures, and others.
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Which company dominates the Global Electronic Data Interchange (EDI) Software Market?
- Boomi Inc. (Dell Boomi) (U.S.)
- SPS Commerce, Inc. (U.S.)
- Software AG (Germany)
- MuleSoft LLC (U.S.)
- Epicor Software Corporation (U.S.)
- TrueCommerce Inc. (U.S.)
- Rocket Software, Inc. (U.S.)
- Open Text Corporation (Canada)
- Babelway (Belgium)
- Comarch SA (Poland)
What are the factors driving the growth of the Electronic Data Interchange (EDI) Software Market?
The Electronic Data Interchange software helps small and medium-sized businesses automate a number of frequent business transactions, such as exchanging invoices, orders, and advanced shipping notices. The management of multiple solutions, which results in fully automated, end-to-end, and integrated Electronic Data Interchange software solutions, is made possible by the inventory software solution. By enabling fully automated transaction processing, it expands the global market and significantly boosts the productivity, efficiency, and profitability of small and medium-sized businesses.
What are the geographical insights of the Electronic Data Interchange (EDI) Software Market?
North America, Asia Pacific, the Middle East & Africa, Europe, and South America are the five geographic areas that make up the global market scope.
With a market size of USD $1 billion in 2022, North America is anticipated to gain the largest revenue share. The region's growing demand for data interchange solutions is being driven by the growth of the manufacturing, healthcare, automotive, and retail sectors. Due to the rise in digital business-to-business transactions, the United States is predicted to gain the largest share during the forecast period. For instance, Yamato Transport U.S.A., Inc. declared the adoption of EDI for its logistical systems in December 2021. This is anticipated to increase the market share for software used for electronic data exchange.
Read More On The Electronic Data Interchange (EDI) Software Market Report At:
https://www.fortunebusinessinsights.com/electronic-data-interchange-edi-software-market-103690
An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Electronic Data Interchange (EDI) Software Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Electronic Data Interchange (EDI) Software Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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