Global Electronic Data Interchange (EDI) Software Market Growth Accelerates: Strategic Forecast Predicts $3.94 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Electronic Data Interchange (EDI) Software Industry Market Size Be by 2025?
Recent years have experienced a robust expansion in the market size of electronic data interchange (EDI) software. The projection is a growth from the $2.24 billion mark in 2024 to reach $2.46 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 9.5%. The noteworthy growth during the historical period has been influenced by various factors, such as the automation of business operations, improved order management, enhancement in supply chain optimization, adherence to industry regulations, business globalization, and the perception of EDI as a strategic leverage point for competition.

What's the Long-Term Growth Forecast for the Electronic Data Interchange (EDI) Software Market Size Through 2029?
Expectations for the electronic data interchange (EDI) software market foresee a swift expansion in the coming years, projecting a growth to $3.94 billion by 2029, with a compound annual growth rate (CAGR) of 12.5%. This surge during the forecast period can be ascribed to an increased concentration on data protection, regulatory compliance obligations, demand for live data, improved analytics and reporting capabilities, and a rising uptake in small and medium businesses, coupled with a focus on user-friendly interfaces. Significant trends to watch during this forecast period comprise integration with ERP systems, the use of blockchain for advanced security, mobile accessibilities, the application of AI and machine learning for data mapping and translating, partnering with suppliers, international expansion and support for multiple languages, and eco-friendly EDI practices.

View the full report here:
https://www.thebusinessresearchcompany.com/report/electronic-data-interchange-edi-software-global-market-report

What Are the Key Growth Drivers Fueling the Electronic Data Interchange (EDI) Software Market Expansion?
The surge in utilization of automation solutions in commercial operations is propelling the growth of the electronic data interchange (EDI) software market. These automation solutions in commercial activities involve employing software applications to mechanize recurring business tasks and services. Electronic data interchange (EDI) software is an automated tool utilized in B2B for the transmission of business documents amongst business associates like suppliers or customers. The previous means of handling these processes manually with paper documents has been superseded by EDI technology, resulting in significant time and cost savings for enterprises. For example, Selecthub, an IT tech organization, reports that between 59% to 85% of companies incorporate EDI technology within the supply chain sector. In a similar vein, Quixy, an IT software firm, revealed in 2022 that 31% of business heads concurred that automation software curtails labor expenses, and believed that automation of tasks would save approximately 360 hours annually. Consequently, the escalating adoption of automation solutions in commercial operations is fueling the expansion of the electronic data interchange (EDI) software market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8158&type=smp

What Are the Key Trends Driving Electronic Data Interchange (EDI) Software Market Growth?
Key players in the Electronic Data Interchange (EDI) software market are rolling out new platforms like the web-based Electronic Data Interchange (EDI) to optimize the delivery of claims processes. These platforms simplify the data transfer from healthcare institutions. For instance, in September 2022, Smart Applications International (U) Ltd., an ICT solutions company out of Kenya, teamed up with Sanlam Life Insurance Ltd to introduce a web-based EDI platform. This platform was aimed at simplifying the data transfer from healthcare institutions to Sanlam. The EDI platform's main objective is to enhance the claims delivery process in the health insurance sector. It aims at comprehensive Electronic Claims Delivery, decreasing Claims Rejections, heightening Claim Processing Status Visibility, encouraging paperless transactions, and providing improved reporting via analytics dashboards.

How Is the Electronic Data Interchange (EDI) Software Market Segmented?
The electronic data interchange (edi) softwaremarket covered in this report is segmented -

1) By Component: Software, Services
2) By Type: On-Premise, Cloud Based
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

Subsegments:
1) By Software: On-Premises EDI Software, Cloud-Based EDI Software, Integration Software (APIs, Middleware)
2) By Services: EDI Implementation Services, EDI Consulting Services, EDI Managed Services, EDI Support And Maintenance Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8158&type=smp

Which Companies Are Leading the Charge in Electronic Data Interchange (EDI) Software Market Innovation?
Major companies operating in the electronic data interchange (EDI) software market are Boomi Inc., SPS Commerce Inc., MuleSoft LLC, TrueCommerce Inc., Rocket Software Inc., Open Text Corporation, Babelway SA, Comarch SA, Cleo Communications, 1 EDI Source Inc., DiCentral Corporation, Ediciones y Publicaciones del Comercio S.L., Intertrade Systems, Epicor Software Corporation, Business Systems Integrators, Software AG, Crossinx GmbH, Data Masons Software LLC, IBM Corporation, The Descartes Systems Group Inc., Liaison International Inc., Oracle Corporation, Edifecs Inc., Symbology Inc., Optum360 LLC, HighJump Software Inc., Jitterbit Inc., Actian Corporation, Talend Inc.

Which Regions Are Leading the Global Electronic Data Interchange (EDI) Software Market in Revenue?
North America was the largest region in the electronic data interchange (EDI) Software market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic data interchange (EDI) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8158

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.