Electronic Data Interchange (EDI) Software Market Scope
Electronic data interchange (EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices. Technical standards for EDI exist to facilitate parties transacting such instruments without having to make special arrangements. EDI standards portray the rigorous organize of electronic documents, and the EDI standards were designed, initially in the automotive industry, to be independent of communication and software technologies.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Software AG (Germany), ArcESB (United States), TrueCommerce (United States), Dell Boomi (United States), MuleSoft (United States), DiCentral (United States), Rocket Software (United States), Epicor (United States) and SPS Commerce (United States) |
CAGR | % |
There are various companies that are exploring the market opportunities by investing in the new technology and also expanding their footprints in new geographic regions by adopting various strategic initiatives such as mergers & acquisitions, expansions, investments, new product launches, and others. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Electronic Data Interchange (EDI) Software market throughout the predicted period.
Software AG (Germany), ArcESB (United States), TrueCommerce (United States), Dell Boomi (United States), MuleSoft (United States), DiCentral (United States), Rocket Software (United States), Epicor (United States) and SPS Commerce (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 Babelway (Belgium), Open Text (Canada) and Cleo (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 (EDI) Software market by Type , by Application (Healthcare Industry, Automotive Industry, Financial Services Industry, High-Tech Industry and Retail Industry) and Region with country level break-up.
On the basis of geography, the market of Electronic Data Interchange (EDI) 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 2022.
MuleSoft announced the launch of the MuleSoft Accelerator for Healthcare, highlighting a set of integrations and prebuilt APIs to retrieve open health data from external sources and common electronic health record systems.
Influencing Trend:
Increasing Digitalisation and Adoption of Advance Software
Market Growth Drivers:
Financial & operational feasibility of EDI to stoke demand from SMEs
Restraints:
High cost and time consuming deployment
Opportunities:
Untapped Developing Nation
Key Target Audience
Regulatory bodies, Research organizations, and consulting firms, Commercial research & developments (R&D), Trade associations and industry bodies, Importers and exporters and End-use industries