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
Market Size Value in US$ 27.93 billion in 2022 Market Size Value by US$ 58.98 billion by 2030 Growth rate CAGR of 9.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Electronic Data Interchange Market: Strategic Insights
| Market Size Value in | US$ 27.93 billion in 2022 |
| Market Size Value by | US$ 58.98 billion by 2030 |
| Growth rate | CAGR of 9.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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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
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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
The market is likely to register a CAGR of 10.3% during the forecast period.
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.
The rising adoption of Electronic Data Interchange solutions with blockchain technology is likely to bring in new trends in the market.
North America dominated the market in 2023.
The Electronic Data Interchange market is anticipated to reach US$ 65.99 billion by 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Electronic Data Interchange Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain:
5. Electronic Data Interchange Market – Key Market Dynamics
5.1 Electronic Data Interchange Market – Key Market Dynamics
5.2 Drivers
5.2.1 Increasing Adoption of EDI Transactions and Standards
5.2.2 Rising Digital Transformation Across Industries
5.2.3 Growing Adoption of EDI in SMEs
5.3 Market Restraints
5.3.1 Emergence of Security Threats and Attacks
5.3.2 High Initial Cost
5.4 Market Opportunities
5.4.1 Growing Adoption of EDI Outsourcing Services
5.4.2 Deployment of Cloud-based EDI
5.5 Future Trends
5.5.1 Rising Adoption of EDI Solution with Blockchain Technology
5.6 Impact of Drivers and Restraints:
6. Electronic Data Interchange Market – Global Market Analysis
6.1 Electronic Data Interchange Market Revenue (US$ Million), 2021–2031
6.2 Electronic Data Interchange Market Forecast Analysis
7. Electronic Data Interchange Market Analysis – by Component
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8. Electronic Data Interchange Market Analysis – by Type
8.1 Direct EDI
8.1.1 Overview
8.1.2 Direct EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.2 EDI via AS2
8.2.1 Overview
8.2.2 EDI via AS2: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.3 EDI via VAN
8.3.1 Overview
8.3.2 EDI via VAN: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Mobile EDI
8.4.1 Overview
8.4.2 Mobile EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Web EDI
8.5.1 Overview
8.5.2 Web EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.6 EDI Outsourcing
8.6.1 Overview
8.6.2 EDI Outsourcing: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9. Electronic Data Interchange Market Analysis – by Industry
9.1 BFSI
9.1.1 Overview
9.1.2 BFSI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Retail and Consumer Goods
9.2.1 Overview
9.2.2 Retail and Consumer Goods: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9.4 IT and Telecommunication
9.4.1 Overview
9.4.2 IT and Telecommunication: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Transportation and Logistics
9.5.1 Overview
9.5.2 Transportation and Logistics: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10. Electronic Data Interchange Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Electronic Data Interchange Market Overview
10.2.2 North America: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Electronic Data Interchange Market Breakdown, by Component
10.2.3.1 North America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Component
10.2.4 North America: Electronic Data Interchange Market Breakdown, by Type
10.2.4.1 North America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Type
10.2.5 North America: Electronic Data Interchange Market Breakdown, by Industry
10.2.5.1 North America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Industry
10.2.6 North America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Electronic Data Interchange Market Breakdown, by Component
10.2.6.2.2 United States: Electronic Data Interchange Market Breakdown, by Type
10.2.6.2.3 United States: Electronic Data Interchange Market Breakdown, by Industry
10.2.6.3 Canada: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Electronic Data Interchange Market Breakdown, by Component
10.2.6.3.2 Canada: Electronic Data Interchange Market Breakdown, by Type
10.2.6.3.3 Canada: Electronic Data Interchange Market Breakdown, by Industry
10.2.6.4 Mexico: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Electronic Data Interchange Market Breakdown, by Component
10.2.6.4.2 Mexico: Electronic Data Interchange Market Breakdown, by Type
10.2.6.4.3 Mexico: Electronic Data Interchange Market Breakdown, by Industry
10.3 Europe
10.3.1 Europe Electronic Data Interchange Market Overview
10.3.2 List of Vendors:
10.3.3 Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.4 Europe: Electronic Data Interchange Market Breakdown, by Component
10.3.4.1 Europe: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Component
10.3.5 Europe: Electronic Data Interchange Market Breakdown, by Type
10.3.5.1 Europe: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Type
10.3.6 Europe: Electronic Data Interchange Market Breakdown, by Industry
10.3.6.1 Europe: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Industry
10.3.7 Europe: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.3.7.1 Europe: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.3.7.2 France: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.2.1 France: Electronic Data Interchange Market Breakdown, by Component
10.3.7.2.2 France: Electronic Data Interchange Market Breakdown, by Type
10.3.7.2.3 France: Electronic Data Interchange Market Breakdown, by Industry
10.3.7.3 Germany: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.3.1 Germany: Electronic Data Interchange Market Breakdown, by Component
10.3.7.3.2 Germany: Electronic Data Interchange Market Breakdown, by Type
10.3.7.3.3 Germany: Electronic Data Interchange Market Breakdown, by Industry
10.3.7.4 United Kingdom: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.4.1 United Kingdom: Electronic Data Interchange Market Breakdown, by Component
10.3.7.4.2 United Kingdom: Electronic Data Interchange Market Breakdown, by Type
10.3.7.4.3 United Kingdom: Electronic Data Interchange Market Breakdown, by Industry
10.3.7.5 Italy: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.5.1 Italy: Electronic Data Interchange Market Breakdown, by Component
10.3.7.5.2 Italy: Electronic Data Interchange Market Breakdown, by Type
10.3.7.5.3 Italy: Electronic Data Interchange Market Breakdown, by Industry
10.3.7.6 Russia: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.6.1 Russia: Electronic Data Interchange Market Breakdown, by Component
10.3.7.6.2 Russia: Electronic Data Interchange Market Breakdown, by Type
10.3.7.6.3 Russia: Electronic Data Interchange Market Breakdown, by Industry
10.3.7.7 Rest of Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.7.1 Rest of Europe: Electronic Data Interchange Market Breakdown, by Component
10.3.7.7.2 Rest of Europe: Electronic Data Interchange Market Breakdown, by Type
10.3.7.7.3 Rest of Europe: Electronic Data Interchange Market Breakdown, by Industry
10.4 Asia Pacific
10.4.1 Asia Pacific Electronic Data Interchange Market Overview
10.4.2 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Electronic Data Interchange Market Breakdown, by Component
10.4.3.1 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Component
10.4.4 Asia Pacific: Electronic Data Interchange Market Breakdown, by Type
10.4.4.1 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Type
10.4.5 Asia Pacific: Electronic Data Interchange Market Breakdown, by Industry
10.4.5.1 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Industry
10.4.6 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 Australia: Electronic Data Interchange Market Breakdown, by Component
10.4.6.2.2 Australia: Electronic Data Interchange Market Breakdown, by Type
10.4.6.2.3 Australia: Electronic Data Interchange Market Breakdown, by Industry
10.4.6.3 China: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 China: Electronic Data Interchange Market Breakdown, by Component
10.4.6.3.2 China: Electronic Data Interchange Market Breakdown, by Type
10.4.6.3.3 China: Electronic Data Interchange Market Breakdown, by Industry
10.4.6.4 India: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Electronic Data Interchange Market Breakdown, by Component
10.4.6.4.2 India: Electronic Data Interchange Market Breakdown, by Type
10.4.6.4.3 India: Electronic Data Interchange Market Breakdown, by Industry
10.4.6.5 Japan: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Japan: Electronic Data Interchange Market Breakdown, by Component
10.4.6.5.2 Japan: Electronic Data Interchange Market Breakdown, by Type
10.4.6.5.3 Japan: Electronic Data Interchange Market Breakdown, by Industry
10.4.6.6 South Korea: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Electronic Data Interchange Market Breakdown, by Component
10.4.6.6.2 South Korea: Electronic Data Interchange Market Breakdown, by Type
10.4.6.6.3 South Korea: Electronic Data Interchange Market Breakdown, by Industry
10.4.6.7 Rest of APAC: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Electronic Data Interchange Market Breakdown, by Component
10.4.6.7.2 Rest of APAC: Electronic Data Interchange Market Breakdown, by Type
10.4.6.7.3 Rest of APAC: Electronic Data Interchange Market Breakdown, by Industry
10.5 Middle East and Africa
10.5.1 Middle East and Africa Electronic Data Interchange Market Overview
10.5.2 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Electronic Data Interchange Market Breakdown, by Component
10.5.3.1 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Component
10.5.4 Middle East and Africa: Electronic Data Interchange Market Breakdown, by Type
10.5.4.1 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Type
10.5.5 Middle East and Africa: Electronic Data Interchange Market Breakdown, by Industry
10.5.5.1 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Industry
10.5.6 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: Electronic Data Interchange Market Breakdown, by Component
10.5.6.2.2 South Africa: Electronic Data Interchange Market Breakdown, by Type
10.5.6.2.3 South Africa: Electronic Data Interchange Market Breakdown, by Industry
10.5.6.3 Saudi Arabia: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Electronic Data Interchange Market Breakdown, by Component
10.5.6.3.2 Saudi Arabia: Electronic Data Interchange Market Breakdown, by Type
10.5.6.3.3 Saudi Arabia: Electronic Data Interchange Market Breakdown, by Industry
10.5.6.4 United Arab Emirates: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: Electronic Data Interchange Market Breakdown, by Component
10.5.6.4.2 United Arab Emirates: Electronic Data Interchange Market Breakdown, by Type
10.5.6.4.3 United Arab Emirates: Electronic Data Interchange Market Breakdown, by Industry
10.5.6.5 Rest of Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Electronic Data Interchange Market Breakdown, by Component
10.5.6.5.2 Rest of Middle East and Africa: Electronic Data Interchange Market Breakdown, by Type
10.5.6.5.3 Rest of Middle East and Africa: Electronic Data Interchange Market Breakdown, by Industry
10.6 South and Central America
10.6.1 South and Central America Electronic Data Interchange Market Overview
10.6.2 South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Electronic Data Interchange Market Breakdown, by Component
10.6.3.1 South and Central America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Component
10.6.4 South and Central America: Electronic Data Interchange Market Breakdown, by Type
10.6.4.1 South and Central America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Type
10.6.5 South and Central America: Electronic Data Interchange Market Breakdown, by Industry
10.6.5.1 South and Central America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Industry
10.6.6 South and Central America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Electronic Data Interchange Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Electronic Data Interchange Market Breakdown, by Component
10.6.6.2.2 Brazil: Electronic Data Interchange Market Breakdown, by Type
10.6.6.2.3 Brazil: Electronic Data Interchange Market Breakdown, by Industry
10.6.6.3 Argentina: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Electronic Data Interchange Market Breakdown, by Component
10.6.6.3.2 Argentina: Electronic Data Interchange Market Breakdown, by Type
10.6.6.3.3 Argentina: Electronic Data Interchange Market Breakdown, by Industry
10.6.6.4 Rest of South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Electronic Data Interchange Market Breakdown, by Component
10.6.6.4.2 Rest of South and Central America: Electronic Data Interchange Market Breakdown, by Type
10.6.6.4.3 Rest of South and Central America: Electronic Data Interchange Market Breakdown, by Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Mulesoft, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Optum Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Pacific Commerce Pty Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SPS Commerce Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 TrueCommerce Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Cerner Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 International Business Machines Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Boomi, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 GoAnywhere MFT
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Cleo
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 The Descartes Systems Group Inc.
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Crossinx GmbH
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 EDICOM
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Comarch SA
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 InterTrade Systems, Inc
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Electronic Data Interchange Market Segmentation
Table 2. Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 4. Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 5. Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Industry
Table 6. North America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 7. North America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 8. North America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 9. North America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 10. United States: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 11. United States: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 12. United States: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 13. Canada: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. Canada: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 15. Canada: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 16. Mexico: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 17. Mexico: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 18. Mexico: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 19. Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 20. Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 21. Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 22. Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 23. France: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 24. France: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 25. France: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 26. Germany: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 27. Germany: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 28. Germany: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 29. United Kingdom: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 30. United Kingdom: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 31. United Kingdom: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 32. Italy: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 33. Italy: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 34. Italy: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 35. Russia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 36. Russia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 37. Russia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 38. Rest of Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 39. Rest of Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 40. Rest of Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 41. Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 42. Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 43. Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 44. Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 45. Australia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 46. Australia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 47. Australia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 48. China: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 49. China: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 50. China: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 51. India: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 52. India: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 53. India: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 54. Japan: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 55. Japan: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 56. Japan: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 57. South Korea: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 58. South Korea: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 59. South Korea: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 60. Rest of APAC: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 61. Rest of APAC: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 62. Rest of APAC: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 63. Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 64. Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 65. Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 66. Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 67. South Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 68. South Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 69. South Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 70. Saudi Arabia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 71. Saudi Arabia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 72. Saudi Arabia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 73. United Arab Emirates: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 74. United Arab Emirates: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 75. United Arab Emirates: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 76. Rest of Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 77. Rest of Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 78. Rest of Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Industry
Table 79. South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 80. South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 81. South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 82. South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 83. Brazil: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 84. Brazil: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 85. Brazil: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 86. Argentina: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 87. Argentina: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 88. Argentina: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Industry
Table 89. Rest of South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 90. Rest of South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 91. Rest of South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million) – by Industry
Table 92. Company Positioning & Concentration
Table 93. List of Abbreviation
List of Figures
Figure 1. Electronic Data Interchange Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Electronic Data Interchange (EDI) Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Electronic Data Interchange Market Revenue (US$ Million), 2021–2031
Figure 6. Electronic Data Interchange Market Share (%) – by Component (2023 and 2031)
Figure 7. Solutions: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Services: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Electronic Data Interchange Market Share (%) – by Type (2023 and 2031)
Figure 10. Direct EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. EDI via AS2: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. EDI via VAN: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Mobile EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Web EDI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. EDI Outsourcing: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Others: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Electronic Data Interchange Market Share (%) – by Industry (2023 and 2031)
Figure 18. BFSI: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Retail and Consumer Goods: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Healthcare: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. IT and Telecommunication: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Transportation and Logistics: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Others: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Electronic Data Interchange Market Breakdown by Region, 2023 and 2031 (%)
Figure 25. North America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. North America: Electronic Data Interchange Market Breakdown, by Component (2023 and 2031)
Figure 27. North America: Electronic Data Interchange Market Breakdown, by Type (2023 and 2031)
Figure 28. North America: Electronic Data Interchange Market Breakdown, by Industry (2023 and 2031)
Figure 29. North America: Electronic Data Interchange Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 30. United States: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Canada: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Mexico: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Europe: Electronic Data Interchange Market Breakdown, by Component (2023 and 2031)
Figure 35. Europe: Electronic Data Interchange Market Breakdown, by Type (2023 and 2031)
Figure 36. Europe: Electronic Data Interchange Market Breakdown, by Industry (2023 and 2031)
Figure 37. Europe: Electronic Data Interchange Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 38. France: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Germany: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. United Kingdom: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Italy: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Russia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Rest of Europe: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Asia Pacific: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Asia Pacific: Electronic Data Interchange Market Breakdown, by Component (2023 and 2031)
Figure 46. Asia Pacific: Electronic Data Interchange Market Breakdown, by Type (2023 and 2031)
Figure 47. Asia Pacific: Electronic Data Interchange Market Breakdown, by Industry (2023 and 2031)
Figure 48. Asia Pacific: Electronic Data Interchange Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 49. Australia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. China: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. India: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. Japan: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. South Korea: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Rest of APAC: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Middle East and Africa: Electronic Data Interchange Market Breakdown, by Component (2023 and 2031)
Figure 57. Middle East and Africa: Electronic Data Interchange Market Breakdown, by Type (2023 and 2031)
Figure 58. Middle East and Africa: Electronic Data Interchange Market Breakdown, by Industry (2023 and 2031)
Figure 59. Middle East and Africa: Electronic Data Interchange Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 60. South Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 61. Saudi Arabia: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. United Arab Emirates: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. Rest of Middle East and Africa: Electronic Data Interchange Market – Revenue and Forecast to 2031 (US$ Million)
Figure 64. South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 65. South and Central America: Electronic Data Interchange Market Breakdown, by Component (2023 and 2031)
Figure 66. South and Central America: Electronic Data Interchange Market Breakdown, by Type (2023 and 2031)
Figure 67. South and Central America: Electronic Data Interchange Market Breakdown, by Industry (2023 and 2031)
Figure 68. South and Central America: Electronic Data Interchange Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 69. Brazil: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 70. Argentina: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 71. Rest of South and Central America: Electronic Data Interchange Market – Revenue and Forecast to 2031(US$ Million)
Figure 72. Heat Map Analysis by Key Players
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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