Electronic Data Interchange Market Analysis and Forecast by Size, Share, Growth, Trends 2031

Electronic Data Interchange Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services), Type (Direct Electronic Data Interchange, Electronic Data Interchange via AS2, Electronic Data Interchange via VAN, Mobile Electronic Data Interchange, Web Electronic Data Interchange, Electronic Data Interchange Outsourcing, and Others), Industry (BFSI, Retail & Consumer Goods, Healthcare, IT & Telecommunication, Transportation & Logistics, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPRE00006160
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 150

Electronic Data Interchange Market Size and Forecast by 2031

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The Electronic Data Interchange market was valued at US$ 30.64 billion in 2023 and is projected to reach US$ 65.99 billion by 2031; it is expected to register a CAGR of 10.3% during 2023–2031. The rising adoption of Electronic Data Interchange solutions with blockchain technology is likely to bring in new trends in the market.

Electronic Data Interchange Market Analysis

The digital transformation and acceptance of Electronic Data Interchange solutions for data transaction trends across industries, Electronic Data Interchange-related compliance requirements, and favorable government initiatives to boost Electronic Data Interchange solution adoption are among the critical factors driving the growth of the Electronic Data Interchange market. However, there are a few issues/concerns, such as high initial costs, limited flexibility, and integration complexity, which may restrain frequent adoption of these solutions in the coming years. Despite these limitations, the growing demand for cloud-based solutions and the adoption of advanced technologies such as blockchain are anticipated to fuel the Electronic Data Interchange market growth during the forecast period.

The electronic data interchange system helps reduce data entry needs and maximize strategic, scalable, sustainable communication with trading partners. In April 2023, Axway (a global leader in B2B integration and Electronic Data Interchange software provider) acquired AdValvas (a European expert in e-invoicing processes). The acquisition further enhances Axway's position as a leader in B2B integration and adds new capabilities in the area of invoicing and compliance. Thus, expansion strategies by market players further propel the adoption of Electronic Data Interchange systems in Europe.

Electronic Data Interchange Market Overview

Electronic Data Interchange is a process of transaction of business documents; it is a standard electronic format between the organization and trade partners. Invoices, purchase orders, and advance ship notices are among the common materials that are interchanged with the help of Electronic Data Interchange. Several other documents, such as customs, payment, inventory, bills of lading, and shipping status documents, are also interchanged using Electronic Data Interchange. Electronic Data Interchange empowers organizations to regulate the exchange of data between supply chain applications. It helps in organizing the business-critical data and ensures it is sent on time. The traditional business communication with mail preparation has been replaced with Electronic Data Interchange. The Electronic Data Interchange solutions permit organizations to enhance the overall workflow performance with fast and accurate processing of Electronic Data Interchange documents, leading to less repeated work, fewer cancelled orders, and fewer stock-outs.

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Electronic Data Interchange Market: Strategic Insights

Electronic Data Interchange Market
  • CAGR
    CAGR (2023 - 2031)
    10.3%
  • Market Size 2023
    US$ 30.64 Billion
  • Market Size 2031
    US$ 65.99 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing Adoption of EDI Transactions and Standards
  • Rising Digital Transformation Across Industries
  • Growing Adoption of EDI in SMEs
FUTURE TRENDS
  • Rising Adoption of EDI Solution with Blockchain Technology
OPPORTUNITIES
  • Growing Adoption of EDI Outsourcing Services
  • Deployment of Cloud-based EDI

Key Players

  • Mulesoft, LLC
  • Optum Inc
  • Pacific Commerce Pty Ltd
  • SPS Commerce Inc
  • TrueCommerce Inc.
  • Cerner Corp
  • International Business Machines Corp
  • Boomi, Inc.
  • GoAnywhere MFT
  • Cleo

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentComponent
  • Solution
  • Services
Market SegmentType
  • Direct EDI
  • EDI via AS2
  • EDI via VAN
  • Mobile EDI
  • Web EDI
  • EDI Outsourcing
  • Others
Market SegmentIndustry
  • BFSI
  • Retail & Consumer Goods
  • Healthcare
  • IT & Telecommunication
  • Transportation & Logistics
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Electronic Data Interchange Market Drivers and Opportunities

Growing Adoption of Electronic Data Interchange in SMEs to Favor Market

Electronic Data Interchange is utilized regularly among small and mid-sized businesses. As SMEs have fewer resources and human capital, Electronic Data Interchange enables them to automate processes instead of relying on traditional methods. Moreover, it enables a variety of documents and data to be shared with Electronic Data Interchange rules and standards for the entire electronic interchange process. It comprises transmission, message flow, document format, and software utilized to send and receive documents in the SMEs. In addition, SMEs account for most businesses globally. According to the World Bank, they account for about 90% of businesses. Thus, the growing adoption of Electronic Data Interchange among SMEs has substantially propelled the market share of these Electronic Data Interchange solutions. The increased adoption can lead to higher revenue generation for Electronic Data Interchange providers. Owing to the growing utilization of Electronic Data Interchange by SMEs, providers are making Electronic Data Interchange solutions more affordable and accessible for expanding their businesses. Further, small- and medium-sized businesses investing in Electronic Data Interchange are able to trade with larger organizations while simultaneously handling more business transactions. Overall, Electronic Data Interchange helps SMEs operate more efficiently while allowing them to process more transactions and conduct business with larger organizations.

Deployment of Cloud-Based Electronic Data Interchange

Cloud-based Electronic Data Interchange is gradually getting highly adopted by businesses. Cloud Electronic Data Interchange software provides a combination of technological and business process improvement design. From streamlined automation to data transformation capabilities, cloud Electronic Data Interchange tools place an enterprise in a position to tackle potential integration challenges that occur without having to deploy and manage the software and hardware. Further, cloud-based Electronic Data Interchange comprises several benefits, including.

  • Flexibility and scalability: A cloud-based Electronic Data Interchange managed services solution reduces the requirement to build a series of in-house point solutions, and its flexibility can scale as the business needs fluctuate.
  • Provides cloud computing advantages: A cloud-based Electronic Data Interchange solution reduces the capital expense of upgrading and purchasing hardware. Moreover, cloud-based Electronic Data Interchange providers deliver their services via cutting-edge technology with near-100% uptime. In January 2024, AWS introduced B2B Data Interchange, a platform enabling organizations to automate and monitor the transformation of Electronic Data Interchange cloud-based business transactions. The service offers a low-code interface for managing trading partners and translating Electronic Data Interchange documents into JSON and XML formats. Thus, the deployment of cloud-based Electronic Data Interchange can drive significant improvements in cost-efficiency, scalability, security, and operational effectiveness, making it a substantial opportunity for the Electronic Data Interchange market.

Electronic Data Interchange Market Report Segmentation Analysis

Key segments that contributed to the derivation of the electronic data interchange market analysis are component, type, and industry.

  • Based on component, the market is bifurcated into solutions and services. The solutions segment dominated the market in 2023.
  • By type, the market is segmented into direct Electronic Data Interchange, Electronic Data Interchange via AS2, Electronic Data Interchange via VAN, mobile Electronic Data Interchange, web Electronic Data Interchange, Electronic Data Interchange outsourcing, and others.
  • In terms of industry, the market is segmented into BFSI, retail & consumer goods, healthcare, IT & telecommunication, transportation & logistics, and others.

Electronic Data Interchange Market Share Analysis by Geography

The geographic scope of the electronic data interchange market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

North America held the largest market share in 2023, owing to the widespread penetration of Electronic Data Interchange transaction mandated across organizations in countries such as the US, Canada, and Mexico. North America is one of the most advanced regions in terms of implementation and adoption of Electronic Data Interchange solutions. In North America, various Electronic Data Interchange system providers are expanding their businesses. In October 2019, Epicor Software Corporation acquired 1 Electronic Data Interchange Source Inc., a leading Electronic Data Interchange solutions and business visibility software provider. Adding one Electronic Data Interchange source to the Epicor Software Corporation product portfolio provides a single comprehensive Electronic Data Interchange platform, allowing customers to choose the best option to fit their business needs. Therefore, business expansion strategies propel the adoption of Electronic Data Interchange systems in the region.

Electronic Data Interchange Market Report Scope

Report Attribute Details
Market size in 2023 US$ 30.64 Billion
Market Size by 2031 US$ 65.99 Billion
Global CAGR (2023 - 2031) 10.3%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Solution
  • Services
By Type
  • Direct EDI
  • EDI via AS2
  • EDI via VAN
  • Mobile EDI
  • Web EDI
  • EDI Outsourcing
  • Others
By Industry
  • BFSI
  • Retail & Consumer Goods
  • Healthcare
  • IT & Telecommunication
  • Transportation & Logistics
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Mulesoft, LLC
  • Optum Inc
  • Pacific Commerce Pty Ltd
  • SPS Commerce Inc
  • TrueCommerce Inc.
  • Cerner Corp
  • International Business Machines Corp
  • Boomi, Inc.
  • GoAnywhere MFT
  • Cleo
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Electronic Data Interchange Market News and Recent Developments

The electronic data interchange market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electronic data interchange market are listed below:

  • TrueCommerce, a global provider of supply chain and trading partner connectivity, integration and omnichannel solutions, unveiled its groundbreaking Electronic Data Interchange integration with the SAP S/4HANA Cloud Public Edition. (Source: TrueCommerce, Press Release, May 2024)
  • Deloitte and Electronic Data InterchangeCOM announced they have entered a global strategic partnership for the SEA/APAC market. This partnership combines Deloitte's extensive consulting experience with Electronic Data InterchangeCOM's compliant technological services. (Source: R Deloitte, Press Release, July 2023)

Electronic Data Interchange Market Report Coverage and Deliverables

The “Electronic Data Interchange Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Electronic Data Interchange market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Electronic Data Interchange market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • Electronic Data Interchange market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Electronic Data Interchange market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Component, Type, Industry

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the driving factors impacting the Electronic Data Interchange market?

The digital transformation and acceptance of Electronic Data Interchange solutions for data transaction trends across industries, Electronic Data Interchange-related compliance requirements, and favorable government initiatives to boost Electronic Data Interchange solution adoption are a few critical factors driving the growth of the Electronic Data Interchange market.

What is the expected CAGR of the Electronic Data Interchange market?

The market is likely to register a CAGR of 10.3% during the forecast period.

Which are the leading players operating in the Electronic Data Interchange market?

Mulesoft, LLC, SPS Commerce, Inc., TrueCommerce Inc., IBM Corporation, Cleo, The Descartes Systems Group Inc., Data Masons Software LLC, crossinx GmbH, EDICOM, Comarch SA, InterTrade Systems, Inc., Boomi, Adeptia, Linoma Software, Amosoft Edi Services, Infocon Systems, B2bgateway, Youredi, Cin7, DataTrans Solutions are among the leading payers operating in the Electronic Data Interchange market.

What are the future trends of the Electronic Data Interchange market?

The rising adoption of Electronic Data Interchange solutions with blockchain technology is likely to bring in new trends in the market.

What would be the estimated value of the Electronic Data Interchange market by 2031?

The Electronic Data Interchange market is anticipated to reach US$ 65.99 billion by 2031.

The List of Companies - Electronic Data Interchange Market

  • Mulesoft, LLC
  • Optum Inc
  • Pacific Commerce
  • SPS Commerce, Inc.
  • TrueCommerce Inc.
  • Cerner Corp
  • International Business Machines Corp
  • Boomi, Inc.
  • GoAnywhere MFT
  • Cleo

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