The electronic data interchange (EDI) market is expected to grow from US$ 27,930.9 million in 2022 to US$ 58,985.2 million by 2030; it is estimated to register a CAGR of 9.8% from 2022 to 2030.
The electronic data interchange (EDI) market in Asia Pacific (APAC) has been analyzed based on historical, current, and future trends in countries across the region. The EDI market players in the region are experiencing significant demand for their solutions and services as the need for EDI is comparatively high across various industries which includes retail, IT & telecom, logistics, BFSI, and others. Most of the countries in the region are economically developing, and thus, the investment in advanced technologies has increased, facilitating electronic data interchange (EDI) market growth.
China and Japan are the leading countries in the APAC EDI market due to the steep industrialization rise. The rising adoption of high-end automation solutions among various industries in China and Japan has surged the demand for EDI solutions and services. Several industries, such as BFSI, retail, logistics, and IT, are booming in APAC and are also anticipated to continue to climb substantially during the forecast period, resulting in a rise in the procurement of EDI solutions and services, thereby catalyzing the growth of the electronic data interchange (EDI) market. The EDI solution helps the organization to exchange data accurately and securely with their trading partners. They also enable the organization to reduce operational costs and enhance quality.
The electronic invoicing scope in the APAC electronic data interchange (EDI) market is increasing gradually. The lack of government initiatives, standards, tax impediments, regulatory framework, and proper understanding of the system within the users are among a few aspects hindering the adoption of EDI solutions. However, the volume of e-invoices exchanged across APAC is increasing from a B2C organizations. Thus, it encourages organizations to invest more in 'paperless trade,' which further boosts the electronic data interchange (EDI) market growth in APAC.
Blockchain is a revolutionary technology transforming business processes across many industries, from retail to logistics. It is deployed to transform the payment and invoicing industry globally by offering easy access and highly secure solutions for end customers. The growing integration of blockchain technology due to successful proof of concepts across various industries such as IT & telecom, BFSI, transportation, and logistics demands EDI solutions for efficient data interchange. A few blockchain applications consist of high-security applications, data of multiple parties, and tracking of goods from origin to end user. The US and China significantly contribute to the global blockchain technology market growth. Industry experts consider that blockchain technology can transform and disrupt traditional business models by offering substantial business benefits such as greater transparency, increased efficiency, enhanced speed of transactions, better traceability, improved security, and reduced costs. However, according to a few industry experts, blockchain technology cannot replace the B2B transactional methodology; it is suggested to be used as an add-on to EDI for producing a better business outcome instead of replacing the overall EDI solution with blockchain technology. Therefore, with the mounting digitalization of payment as well as invoice processes across diversified businesses, the adoption of blockchain technology is expected to lead to the future growth of the electronic data interchange (EDI) 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, and InterTrade Systems, Inc. are among the key electronic data interchange (EDI) market players profiled in the report. Several other major electronic data interchange (EDI) market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The electronic data interchange (EDI) market report provides detailed market insights, which helps the key players strategize their growth.
Reasons to Buy
The electronic data interchange (EDI) market in Asia Pacific (APAC) has been analyzed based on historical, current, and future trends in countries across the region. The EDI market players in the region are experiencing significant demand for their solutions and services as the need for EDI is comparatively high across various industries which includes retail, IT & telecom, logistics, BFSI, and others. Most of the countries in the region are economically developing, and thus, the investment in advanced technologies has increased, facilitating electronic data interchange (EDI) market growth.
China and Japan are the leading countries in the APAC EDI market due to the steep industrialization rise. The rising adoption of high-end automation solutions among various industries in China and Japan has surged the demand for EDI solutions and services. Several industries, such as BFSI, retail, logistics, and IT, are booming in APAC and are also anticipated to continue to climb substantially during the forecast period, resulting in a rise in the procurement of EDI solutions and services, thereby catalyzing the growth of the electronic data interchange (EDI) market. The EDI solution helps the organization to exchange data accurately and securely with their trading partners. They also enable the organization to reduce operational costs and enhance quality.
The electronic invoicing scope in the APAC electronic data interchange (EDI) market is increasing gradually. The lack of government initiatives, standards, tax impediments, regulatory framework, and proper understanding of the system within the users are among a few aspects hindering the adoption of EDI solutions. However, the volume of e-invoices exchanged across APAC is increasing from a B2C organizations. Thus, it encourages organizations to invest more in 'paperless trade,' which further boosts the electronic data interchange (EDI) market growth in APAC.
Blockchain is a revolutionary technology transforming business processes across many industries, from retail to logistics. It is deployed to transform the payment and invoicing industry globally by offering easy access and highly secure solutions for end customers. The growing integration of blockchain technology due to successful proof of concepts across various industries such as IT & telecom, BFSI, transportation, and logistics demands EDI solutions for efficient data interchange. A few blockchain applications consist of high-security applications, data of multiple parties, and tracking of goods from origin to end user. The US and China significantly contribute to the global blockchain technology market growth. Industry experts consider that blockchain technology can transform and disrupt traditional business models by offering substantial business benefits such as greater transparency, increased efficiency, enhanced speed of transactions, better traceability, improved security, and reduced costs. However, according to a few industry experts, blockchain technology cannot replace the B2B transactional methodology; it is suggested to be used as an add-on to EDI for producing a better business outcome instead of replacing the overall EDI solution with blockchain technology. Therefore, with the mounting digitalization of payment as well as invoice processes across diversified businesses, the adoption of blockchain technology is expected to lead to the future growth of the electronic data interchange (EDI) 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, and InterTrade Systems, Inc. are among the key electronic data interchange (EDI) market players profiled in the report. Several other major electronic data interchange (EDI) market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The electronic data interchange (EDI) market report provides detailed market insights, which helps the key players strategize their growth.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the electronic data interchange (EDI) market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the electronic data interchange (EDI) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Electronic Data Interchange (EDI) Market Landscape
5. Electronic Data Interchange (EDI) Market - Key Industry Dynamics
6. Electronic Data Interchange (EDI) Market - Global Market Analysis
7. Electronic Data Interchange (EDI) Market Analysis - Component
8. Electronic Data Interchange (EDI) Market Analysis - Type
9. Electronic Data Interchange (EDI) Market Analysis - Industry
10. Electronic Data Interchange (EDI) Market - Geographical Analysis
11. Electronic Data Interchange (EDI) Market - Impact of COVID-19 Pandemic
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mulesoft, LLC
- Optum Inc
- Pacific Commerce
- SPS Commerce, Inc.
- TrueCommerce Inc.
- Cerner Corp
- International Business Machines Corp
- Boomi, Inc.
- GoAnywhere MFT
- Cleo
- The Descartes Systems Group Inc.
- Crossinx GmbH
- EDICOM
- Comarch SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 27.93 Billion |
| Forecasted Market Value ( USD | $ 58.98 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
