Electronic Data Interchange Software Market Scope
Electronic Data Interchange (EDI) software creates a data exchange between two or more computers primarily used for the fast transfer of business documents within companies and between business partners, such as suppliers or customers. This software generally translates common file types into a unified format and/or provide templates for a standard format used in transfers. In the healthcare industry and production businesses, IT teams typically implement these networks to streamline and simplify daily communications and document transfers. The factors such as High Demand for Electronic Data Interchange Software from the Healthcare industry and Production Business and High Benefits of the Electronic Data Interchange Software such as Robust, Proven Integration, Scalability and Configurability, Single-vendor Product Support and Others are driving the global electronic data interchange software market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | MuleSoft, LLC. (United States), TrueCommerce, Inc. (United States), 1 EDI Source, Inc. (United States), Cleo (United States), Software AG (Germany), Dell (United States), Jitterbit, Inc. (United States) and Accellos, Inc. (United States) |
CAGR | % |
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Electronic Data Interchange Software market throughout the predicted period.
MuleSoft, LLC. (United States), TrueCommerce, Inc. (United States), 1 EDI Source, Inc. (United States), Cleo (United States), Software AG (Germany), Dell (United States), Jitterbit, Inc. (United States) and Accellos, 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 are Axway Software (France), HighJump (United States) and RedTail (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electronic Data Interchange Software market by Type , by Application (Healthcare, Automotive, Financial Services, High-Tech/ Manufacturing, Retail, Logistics and Others (Telecom, etc.)) and Region with country level break-up.
On the basis of geography, the market of Electronic Data Interchange Software 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In Dec 2023, IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms.
In Software AG announced it has entered into an agreement to sell webMethods and StreamSets – its Super iPaaS business – to IBM for a purchase price subject to customary closing adjustments.
Influencing Trend:
Increasing Demand for Software-as-a-Service-based EDI offerings from Small Enterprises
Market Growth Drivers:
High Demand for Electronic Data Interchange Software from the Healthcare industry and Production Business and High Benefits of the Electronic Data Interchange Software such as Robust, Proven Integration, Scalability and Configurability, Single-vendor Product Support and Others.
Challenges:
Lack of Trained Staff
Restraints:
Time Consuming Initial Setup and Changes in EDI Standards
Opportunities:
Growing Demand from End-users and Increasing Applications of Electronic Data Interchange Software
Key Target Audience
Electronic Data Interchange Software Developers, Emerging Companies, Research Professionals and End-users