Electronic Data Interchange (EDI) Software Market Size, Share, Growth Analysis, By Component(Software, Services), By Deployment(Cloud, On- Premises), By Region - Industry Forecast 2024-2031

Electronic Data Interchange (EDI) Software Market size was valued at USD 1.7 billion in 2019 and is poised to grow from USD 1.9 billion in 2023 to USD 5.09 billion by 2031, growing at a CAGR of 11.6% in the forecast period (2024-2031).

Electronic Data Interchange Software Market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability. 'IBM Corporation', 'SPS Commerce, Inc.', 'Cleo Communications', 'DiCentral Corporation', 'TrueCommerce Inc.', 'MuleSoft, LLC (Salesforce.com, Inc.)', 'OpenText Corporation', 'EDICOM', 'Software AG', 'Babelway', 'Boomi (Dell Technologies Inc.)', 'Descartes Systems Group Inc.', 'RSSBus', 'Liaison Technologies Inc.', 'TIE Kinetix N.V.', 'Comarch SA', 'CovalentWorks Corp.', 'Axway Inc.', 'Data Masons Software, LLC', 'ECGrid, LLC'

Growing Small & Medium Business Adoption to Fuel EDI Software Market Growth

Using Cutting-Edge Technologies to Accelerate Market Expansion

The scope of the electronic data interchange software market is divided into five geographic areas: North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2021, North America is anticipated to account for the largest revenue share, with a market of US$ 958.9 million. The demand for data exchange solutions in the area is rising as a result of the region's developing industrial, healthcare, retail, and automobile sectors. Due to an increase in digital business-to-business transactions, the U.S. is predicted to increase its share the most throughout the projection period. For instance, Yamato Transport U.S.A., Inc. declared the use of EDI for its logistics systems in December 2021. Over the projection period, the Asia Pacific is anticipated to see exponential growth. The expansion is due to improved supply chain efficiency between retailers and suppliers as well as the expansion of the e-commerce market, particularly in emerging nations like China and India. Additionally, it is anticipated that increased industrial facilities and government activities in this area would boost business demand for EDI software. Because there are many producers of data exchange solutions and tools, Europe is predicted to develop at a rapid CAGR. To regulate and comply with electronic data exchange activities, the European United Nations has also created ISO 9735, a standard for electronic data transmission.