About Electronic Data Interchange (EDI)
Electronic Data Interchange is process or a system which involves exchanging documentation, and communication between the businesses through electronic mediums, without any paper as a medium. This would involve invoices, or back door office documentations and other business operations. EDI documents can flow straight through to the appropriate application on the receiver’s computer and processing can begin immediately. The rising penetration of internet has significantly benefitted the market of the EDI. Recent pandemic has also accelerated the adoption of digital solutions by businesses. North America is currently the largest market of the electronic data interchange, although Asia Pacific Market presents huge market prospectus in the coming decade.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MuleSoft, LLC (United States), IBM Corporation (United States), Cerner Corporation (United States), Dell Boomi (United States), SPS Commerce (United States), Business Technology Consulting AG (Germany), Cleo (United States), McKesson Corporation (United States), General Electric Company (United States) and Jitterbit, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DiCentral Corporation (United States), Linoma Software (United States) and Visionet Systems Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Data Interchange (EDI) market by Type (EDI via VAN, EDI via AS2, Web EDI, Mobile ED and Others) and Region.
On the basis of geography, the market of Electronic Data Interchange (EDI) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Electronic Data Interchange (EDI) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
EDI-as-a-Service is rising in Popularity
Market Growth Drivers:
Rising Penetration of Internet Globally and Growing Trend of Adoption of Digital Solutions by Businesses Especially After Recent Pandemic
Challenges:
High Cost of Shifting from Traditional Paper Based Operations to Electronic Operations
Restraints:
Increasing Incidents of Cyber Attacks and Data Breaches Remain a Major Concern
Opportunities:
Small and Medium Enterprises are Largely Untapped and have Huge Market Potential
Market Leaders and their expansionary development strategies
In 2019, Epicor Software Corporation, a United States based global business solutions software provider has announced acquisition of 1 EDI Source, which is a leading electronic data interchange solutions and business visibility software solutions provider. The acquisition will enable Epicor to provide comprehensive EDI packages or solutions to both its existing customers as well as new customers. Global rise in trend for adoption of digital solutions, promises exciting potential in the EDI market space.
In 2020, TrueCommerce, a United States based global leader in providing trading partner connectivity and integration solutions has announced acquisition of B2BGateway, which is an innovative leader in providing managed cloud service solutions such as for EDI and API data connectivity. The acquisition will accelerate TrueCommerce global digital business ambitions.
Key Target Audience
Electronic Data Interchange Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.