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  • Electronic Data Interchange Software Market Forecast Analysis | 2021-2026

    Electronic Data Interchange Software Market Forecast Analysis | 2021-2026

    Electronic Data Interchange Software Market Forecast Analysis | 2021-2026
    Report code - SRCG323 Delivery - 2 Weeks
    Electronic Data Interchange Software Market Size, Share, Dynamics, and Forecast Analysis- See more...

    Market Insights

    The electronic data interchange software market is expected to grow from USD 1.84 billion in 2020 to USD 3.24 billion by 2026 at a CAGR of 9.9% during the forecast period.

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    What is Electronic Data Interchange (EDI) software?

    EDI software is an automation solution used in business-to-business communications. It enables two business entities to exchange documents that were previously done via paper or fax. The software can be connected with various enterprise systems, such as eCommerce solutions, enterprise resource planning (ERP) software, workforce management systems (WMS), customer relationship management (CRM) software, accounting software, and more. The documents, such as purchase orders, advanced ship notices, and invoices can be digitally transmitted using EDI software. EDI software can also be industry specific. The advantages of EDI software are improved transaction speed and document accuracy, greater visibility, and cost reduction. Due to its automation requirements and inter-business communication, various standards are also developed for EDI that includes ANSI, TRADACOMS, EDIFACT, and ebXML.

    Electronic Data Interchange Software Market Highlights

    Market Size in 2021

    USD 1.84 billion

    Market Size in 2026

    USD 3.24 billion

    Market Growth (2021-2026)

    9.9% CAGR

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Key Players

    Key players operating in the electronic data interchange software market are-

    • 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), and
    • The Descartes Systems Group (Canada).

    Market Dynamics

    The EDI software market is continuously growing due to the increasing adoption of automation solutions in business processes and the development of standards for EDI formats.

    • The introduction of blockchain in supply chain management processes and the growing trend of managed EDI services offer new opportunities for growth in the market.
    • However, privacy and security concerns related to cloud services & the availability of alternate solutions act as major restraining factors for the market.

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    Segment Analysis

    End User Trends

    The retail and consumer goods segment is expected to hold the largest share during the forecast period due to their frequent demand for consumer products in large quantities from their suppliers. Healthcare is expected to grow with the highest CAGR during the forecast period owing to the increasing need for medicines and other medical equipment among consumers, healthcare service providers, and research institutes.

    Regional Trends

    Among regions, North America is expected to be the largest contributor during the forecast period due to the usage of advanced and automated solutions in day-to-day business operations. Asia Pacific is expected to grow with the highest CAGR owing to the growing digitalization of business processes in its major countries such as China, Singapore, Japan, South Korea, Australia, and India.

    Electronic-Data-Interchange-Software-Market-Regional-Trends

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    COVID-19 Impact on Electronic Data Interchange Software Market

    Due to lockdowns in many countries of the world, the supply chain was severely affected in 2020, resulting in a decline in the size of the global electronic data interchange software market. The major industry verticals of the market, such as automotive, manufacturing, and transportation, and logistics, remained shut down for a longer period. This consequently affected the revenue of electronic data interchange software vendors as well.

    Critical Questions Answered in the Report

    • What are the key trends in the global electronic data interchange software market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global EDI software market?
    • What are the key strategies adopted by the major vendors to lead in the global EDI software market?
    • What is the market share of the top vendors?

    Target Audience

    The following is a list of the customers that the Electronic Data Interchange software market aims to convert the most:

    • EDI software Vendors
    • Enterprises
    • Standard Making Bodies
    • Resellers/Distributors
    • Cloud Solution Providers
    • Business Communication Solution Providers

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The electronic data interchange software market size is expected to reach USD 3.24 billion in the foreseeable future.

    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) and The Descartes Systems Group (Canada) are among the key players in the market.

    The electronic data interchange software market is expected to witness an impressive growth of 9.9% CAGR in the foreseeable future.

    North America is expected to be the largest contributor to the market in the foreseeable years.

    Asia-pacific is expected to grow with the highest CAGR in the market during the forecast period.

    EDI software Vendors, Enterprises, Standard Making Bodies, Resellers/Distributors, Cloud Solution Providers, Business Communication Solution Providers are the target audience in the market.