Report : Asia Pacific Electronic Data Interchange (EDI) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Type (Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI Outsourcing, and Others), Industry (BFSI, Retail and Consumer Goods, Healthcare, IT and Telecommunications, Transportation and Logistics, and Others), and Country
EDI via AS2 Segment to Dominate Asia-Pacific Electronic Data Interchange Market during 2020–2027
According to our new market research study on “Asia-Pacific Electronic Data Interchange Market to 2027 – Regional Analysis and Forecast by Component, Type, and Industry,”the marketis expected to reach US$ 12,815.1Million by 2027 from US$ 5363.1Million in 2019;it is estimated to grow at a CAGR of 12.0% from 2020 to 2027.The report provides trends prevailing in the Asia-Pacificelectronic data interchange (EDI)market along with the drivers and restraints pertaining to the market growth. The growth of the market in this region is attributed tothe wide acceptance toward innovative and digitalized EDI solutions. However, growing network security issues restrain the growth of the Asia-Pacific electronic data interchange market.
The electronic data interchange market, by type, is segmented into Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI Outsourcing, and Others. Direct EDI, also known as Point-to-Point EDI, is used as an alternative to a value-added network (VAN). Severalorganizations need to effectively communicate with their business partners; however, the users face a major challenge in managing a large number of connections individually. This approach is complicated and resource-intensive as each business partner uses different communication protocol. The point-to-point method is mostly used by large enterprises with the business partners to interchange high volume of EDI documents.
SPS Commerce, Inc.; TrueCommerce Inc.; IBM Corporation; Descartes Systems Group Inc.; Data Masons Software LLC;and Comarch SAare among the leading companies in the electronic data interchange market in Europe. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Century Home Fashions selected Transaction Manager platform of TrueCommerce for integrating it with Spire ERP to process key business documents such as purchase invoices and orders. Therefore, continuously format transactions with well-known retailers across Asia-Pacific.
The report segments the Asia-Pacific Electronic Data Interchange (EDI) Market as follows:
Asia-Pacific Electronic Data Interchange (EDI) Market – byComponent
Asia-Pacific Electronic Data Interchange (EDI) Market – by Type
Asia-Pacific Electronic Data Interchange (EDI) Market – by Industry
Asia-Pacific Electronic Data Interchange (EDI) Market – by Country
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