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Electronic Data Interchange (EDI) Market to Reach USD 72.59 Billion by 2030, Growing at a 12.1% CAGR

07-17-2024 10:51 AM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Electronic Data Interchange (EDI) Market

Electronic Data Interchange (EDI) Market

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐จ๐ซ ๐ƒ๐ž๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ซ ๐ฐ๐ก๐š๐ญ ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ฌ

๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐…๐จ๐ซ๐œ๐ž๐ฌ ๐๐ž๐ก๐ข๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Digital Transformation: As enterprises embrace cloud computing, AI, predictive analytics, IoT, and big data, the demand for EDI solutions grows. These technologies optimize business processes, improve operational efficiency, and cut costs, propelling market expansion. The adoption of cloud-based EDI solutions, in particular, offers scalability, flexibility, and cost-effectiveness, enabling seamless integration with existing systems and enhancing data accessibility.

Sector-Specific Applications: Each industry sector utilizes EDI to meet its unique operational needs, contributing to a varied landscape of tailored EDI solutions. From enhancing supply chain efficiency in logistics to automating invoicing processes in finance, EDI plays a critical role in modernizing business operations globally.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐€๐†๐‘ ๐„๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ข๐จ๐ง:

The global Electronic Data Interchange (EDI) Market is poised for substantial growth, projected to surge from USD 32.63 billion in 2023 to USD 72.59 billion by 2030, at a robust CAGR of 12.1% during the forecast period.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/90413/

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐€ ๐’๐ญ๐š๐ง๐๐š๐ซ๐๐ข๐ณ๐ž๐ ๐€๐ฉ๐ฉ๐ซ๐จ๐š๐œ๐ก ๐ญ๐จ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง

EDI facilitates the seamless exchange of structured business documents like purchase orders, invoices, and shipping notices between organizations using standardized formats such as ANSI X12, EDIFACT, or XML. By replacing manual methods like mail, fax, or email with electronic transmissions, EDI streamlines operations, enhances accuracy, and reduces costs across diverse industries including retail, healthcare, automotive, manufacturing, logistics, and finance.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

โ€ข ๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Solution
Services

โ€ข ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

EDI VAN
EDI Software
EDI-as-a-Service
Others

EDI VAN, EDI Software, EDI-as-a-Service, and Others based on Type. The Electronic Data Interchange (EDI) Software segment held a dominant market share in 2023 and is anticipated to maintain its position during the projected period. Using a variety of communication protocols and standards, users can generate, send, receive, and process EDI documents with this software program. Depending on the needs and preferences of the user, EDI software can be hosted in the cloud or installed on-site. More flexibility and control over the EDI process are available with EDI software. The purchase order is electronically created by EDI software, which then automatically sends it to the supplier.

โ€ข ๐›๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ

Retail and Consumer Goods
BFSI
Healthcare
IT and Telecommunication
Transportation and Logistics
Others

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐…๐ข๐ฅ๐ฅ๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐‚๐ก๐š๐ซ๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/90413/

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐œ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐ฌ??

โ€ข North America: Leading the charge in EDI adoption, North America benefits from a flourishing e-commerce sector and a robust retail environment. Businesses leverage EDI to streamline transactions, synchronize supply chains, and improve customer service. The region's focus on cost reduction and operational efficiency further drives EDI implementation across industries, enhancing market growth.

โ€ข Asia Pacific: Witnessing rapid growth, Asia Pacific is embracing EDI to support expanding smart ports and logistics operations. Government initiatives, like Japan's investment in a Port EDI system in Cambodia, underscore the region's commitment to enhancing business efficiency and reducing administrative burdens, thereby fueling market expansion.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž & ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The research provides a comprehensive analysis of the global Electronic Data Interchange (EDI) market size, growth, share, innovations, and recent developments. Key stakeholders in the Electronic Data Interchange (EDI) industry can use the statistics, tables, and figures in the report for strategic planning that leads to the organization's success. The Electronic Data Interchange (EDI) market report covers the key players in the Electronic Data Interchange (EDI) industry, including Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales, as well as an in-depth analysis of the market's competitive landscape. The bottom-up approach was used to estimate the Electronic Data Interchange (EDI) market size. SWOT analysis and Porter's Five Force Analysis are used to define, characterize and analyze the market competition landscape, with a focus on global Electronic Data Interchange (EDI) key players.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค

Integration with Emerging Technologies: The integration of AI, blockchain, and advanced analytics into EDI platforms enhances data security, automates processes, and provides real-time insights. This evolution not only fortifies EDI's relevance but also opens new avenues for innovation in digital business communication.

Environmental Impact: EDI contributes to sustainability goals by reducing paper consumption and carbon emissions associated with traditional document exchange methods. By promoting paperless transactions, EDI aligns with corporate sustainability strategies, appealing to environmentally conscious enterprises globally.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Mulesoft, LLC (San Francisco, CA)
2. SPS Commerce, Inc. (Minneapolis, MN)
3. TrueCommerce Inc. (Cranberry Township, PA)
4. IBM Corporation (Armonk, NY)
5. Cleo (Rockford, IL)
6. The Descartes Systems Group Inc. (Waterloo, Canada)
7. Data Masons Software LLC (Sarasota, Florida)
8. Unifiedpost Group (Belgium)
9. EDICOM (Valencia)
10. Comarch SA (Germany)
11. Optum Inc. ( Eden Prairie, Minnesota , U.S.)
12. Dell (Round Rock, TX)
13. Boomi (US)
14. Cerner Corporation (Kansas City, MO)

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง

The Electronic Data Interchange (EDI) Market is at the forefront of revolutionizing how businesses communicate and operate in the digital age. With its proven ability to streamline operations, enhance accuracy, and drive cost savings, EDI continues to be a cornerstone of efficient business management worldwide. As technology evolves and global business landscapes transform, EDI's role in fostering seamless communication and sustainable business practices will only grow stronger, shaping the future of digital enterprise collaboration.

๐‚๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž ๐Ÿ๐จ๐ซ ๐š ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ž๐ฑ๐ฉ๐ฅ๐š๐ง๐š๐ญ๐ข๐จ๐ง: https://www.maximizemarketresearch.com/market-report/global-electronic-data-interchange-edi-market/90413/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐œ๐ก๐š๐ง๐ ๐ž (๐„๐ƒ๐ˆ) ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Electronic Data Interchange (EDI)?
Which region held the largest market share in Electronic Data Interchange (EDI) Market?
What are the major drivers of the Electronic Data Interchange (EDI) Market?
What are the major restraints for the Electronic Data Interchange (EDI) market?
What are the Electronic Data Interchange (EDI) market segments?
What factors are expected to challenge the market growth during the forecast period?
Who are the key players in the Electronic Data Interchange (EDI) industry?
๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Market Share, Size & Forecast by Revenue | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by segments and sub-segments
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
Industry Recommendations
Key Findings
๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ž๐ฎ๐ซ ๐Œ๐จ๐ฌ๐ญ ๐‘๐ž๐š๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฃ Global Aortic Stents Grafts Market https://www.maximizemarketresearch.com/market-report/global-stent-grafts-market/89372/

โ™ฃ Global Polypropylene (PP) Nonwoven Fabrics Market https://www.maximizemarketresearch.com/market-report/global-polypropylene-pp-nonwoven-fabrics-market/72819/

โ™ฃ Asia Pacific Phenolic Resin Market https://www.maximizemarketresearch.com/market-report/asia-pacific-phenolic-resin-market/54648/

โ™ฃ Global Amorphous Polyethylene Terephthalate Market https://www.maximizemarketresearch.com/market-report/global-amorphous-polyethylene-terephthalate-market/30880/

โ™ฃ Global Converter Transformer Market https://www.maximizemarketresearch.com/market-report/global-converter-transformer-market/30786/

โ™ฃ Global Roofing Chemical Market https://www.maximizemarketresearch.com/market-report/global-roofing-chemical-market/82688/

โ™ฃ Global Conductive Plastic Compounds Market https://www.maximizemarketresearch.com/market-report/global-conductive-plastic-compounds-market/42305/

โ™ฃ Encapsulant Market https://www.maximizemarketresearch.com/market-report/global-encapsulants-market-2/324/

โ™ฃ Global Connected Truck Market https://www.maximizemarketresearch.com/market-report/global-connected-truck-market/1758/

โ™ฃ Global Crude Oil Carriers Market https://www.maximizemarketresearch.com/market-report/global-crude-oil-carriers-market/44083/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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sales@maximizemarketresearch.com

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Electronic data interchange (EDI) refers to transaction of business documents in a standard electronic format between business partners. For instance, common documents that are exchanged with the help of EDI are invoices, advance ship notices, and purchase orders. However, there are several other documents such as inventory documents, bill of lading, customs documents, payment documents, and shipping status documents. Electronic data interchange helps organizations to standardize the interchange of dataโ€ฆ
Healthcare EDI Market - Size, Share, Outlook
Increasing digitization and paperless office is enhancing the growth of healthcare EDI market. Conventionally, data transfer was subjected to paper-based communication, increasing the chance of human error and making the workflow cumbersome. Henceforth, EDI is an essential component for creating administrative efficiencies by reducing time and significant cost saving. The healthcare industry explored EDI to address the challenges of reducing healthcare cost and replacing paper-based transaction with standard electronic transaction. Moreover,โ€ฆ
POOL4TOOL Founds Subsidiary Focused on EDI
Vienna | Haid, October 15, 2013 โ€“ POOL4TOOL responds to the increasing demand for EDI connections to the supply base portal. The solution provider has founded the subsidiary โ€œPOOL4TOOL EDI powered by GDPโ€, in order to efficiently connect as many suppliers as possible in the future. Together with Global Digital Post (GDP), POOL4TOOL is planning additional support measures for businesses. POOL4TOOL, a solutions provider for purchasing optimization, is working together withโ€ฆ