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Electronic Data Interchange EDI Software Market 2023- Driving Factors, Market Size, Segmentation, Industry Share & Forecast To 2032
Electronic Data Interchange EDI Software Market Analysis
Electronic Data Interchange EDI Software Market Size, Growth Rate, And Forecast
The global electronic data interchange software market size is expected to grow from $1.84 billion in 2022 to $2.05 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size is expected to reach $3.08 billion in 2027 at a CAGR of 10.7%.
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Electronic Data Interchange EDI Software Market Drivers
The increasing adoption of automation solutions in business processes is driving the electronic data interchange (EDI) software market. Automation solutions in business processes comprise using software applications to automate repeatable business activities and services. Electronic data interchange (EDI) software is an automated solution used for B2B to transfer business documents between business partners, such as suppliers or customers. EDI technology automates a process that was previously manually handled with paper documents, saving time and money for businesses.
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Electronic Data Interchange EDI Software Market Segments
1) By Type: On-Premise, Cloud Based
2) By Component: Software, Services
3) By Application: Small and Medium-Sized Enterprises, Large Enterprises
4) By Industry: Automotive, Banking, Financial Services and Insurance, Telecommunication and Information Technology, Retail and Consumer Goods, Manufacturing, Healthcare, Logistics, Other Industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electronic data interchange (EDI) software market.
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Electronic Data Interchange EDI Software Market Key Players
Major competitors in the electronic data interchange (EDI) software market include Boomi Inc., SPS Commerce Inc., MuleSoft LLC, TrueCommerce Inc., Rocket Software Inc., Open Text Corporation, Babelway, Comarch SA, Cleo, 1 EDI Source, DiCentral, Edicom.
The Business Research Company's "Global Electronic Data Interchange EDI Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Electronic Data Interchange EDI Software Market Include:
1. Executive Summary
2. Electronic Data Interchange (EDI) Software Market Characteristics
3. Electronic Data Interchange (EDI) Software Market Trends And Strategies
4. Electronic Data Interchange (EDI) Software Market - Macro Economic Scenario
5. Electronic Data Interchange (EDI) Software Market Size And Growth
.....
26. Africa Electronic Data Interchange (EDI) Software Market
27. Electronic Data Interchange (EDI) Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Data Interchange (EDI) Software Market
29. Electronic Data Interchange (EDI) Software Market Future Outlook and Potential Analysis
30. Appendix
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