Global Electronic Data Interchange (EDI) Market to Reach US$ 70.2 Billion by 2032, Fostered by Significant Growth in the Retail Industry

December 14, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Electronic Data Interchange (EDI) Market Report by Type (Direct EDI, EDI Via AS2, EDI Via VAN, Mobile EDI, Web EDI, EDI Outsourcing, and Others), Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), End User (Retail and Consumer Goods, BFSI, Healthcare, IT and Telecommunication, Transportation and Logistics, and Others), and Region 2024-2032,” the global electronic data interchange (EDI) market size reached US$ 37.2 Billion in 2023. Electronic Data Interchange (EDI) is a standardized electronic communication method used by businesses to exchange structured data electronically. It replaces traditional paper-based methods of sharing business documents such as purchase orders, invoices, and shipping notices. EDI facilitates seamless and automated data exchange between trading partners, improving efficiency, accuracy, and speed in various industries, including retail, manufacturing, logistics, and healthcare. EDI documents adhere to specific formats and standards, ensuring consistency and compatibility between different systems and organizations. At present, EDI is gaining immense traction across the globe as it streamlines processes, reduces manual data entry errors, and enhances supply chain management, ultimately leading to cost savings and improved collaboration throughout the business ecosystem.

Global Electronic Data Interchange (EDI) Market Trends:

The rising demand for EDI solutions due to the need for streamlined and efficient business operations represents the primary factor driving the market growth. Businesses are increasingly seeking to automate data exchange processes, reducing manual errors and improving operational efficiency. Apart from this, the shifting global trend toward digital transformation and the escalating adoption of cloud-based technologies are fostering the modernization of EDI systems that makes them more accessible and scalable, further propelling market growth. Besides this, the increasing complexity of supply chains and the need for real-time data exchange with trading partners that prompt organizations to invest in advanced EDI solutions have catalyzed market growth. Additionally, rising regulatory compliance requirements, particularly in industries like healthcare and finance that mandate the use of secure and standardized EDI for data transmission are fueling market growth. Furthermore, the ongoing expansion of e-commerce and the rapid growth of online marketplaces are contributing to market growth as businesses require efficient ways to manage electronic transactions and data exchange. Looking forward, the market value is projected to reach US$ 70.2 Billion by 2032, expanding at a CAGR of 7.3% during 2024-2032.

Market Summary:

Based on the type, the market has been segmented into direct EDI, EDI via AS2, EDI via VAN, mobile EDI, web EDI, EDI outsourcing, and others. Amongst these, EDI via VAN represents the largest segment.
On the basis of the enterprise size, the market has been bifurcated into large, and small and medium-sized enterprises.
The market has been categorized based on the end user into retail and consumer goods, BFSI, healthcare, IT and telecommunication, transportation and logistics, and others, wherein retail and consumer goods account for the largest market share.
Region-wise, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America is the leading market, holding the majority of the global share.
The competitive landscape of the market has also been examined, with some of the key players being Cleo Communications Inc, Comarch S A, Crossinx GmbH, EDICOM, Epicor Software Corporation, International Business Machines Corporation, Mulesoft, LLC (Salesforce Inc.), Open Text Corporation, Optum, Inc, Oracle Corporation, Rocket Software Inc., SPS Commerce, Inc., and TrueCommerce Inc.

Report Coverage:

Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Enterprise Size End User Region
Types Covered	Direct EDI, EDI Via AS2, EDI Via VAN, Mobile EDI, Web EDI, EDI Outsourcing, Others
Enterprise Sizes Covered	Large Enterprise, Small and Medium-sized Enterprise
End Users Covered	Retail and Consumer Goods, BFSI, Healthcare, IT and Telecommunication, Transportation and Logistics, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Cleo Communications Inc, Comarch S A, Crossinx GmbH, EDICOM, Epicor Software Corporation, International Business Machines Corporation, Mulesoft, LLC (Salesforce Inc.), Open Text Corporation, Optum, Inc, Oracle Corporation, Rocket Software Inc., SPS Commerce, Inc., TrueCommerce Inc., etc.
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Global Electronic Data Interchange (EDI) Market to Reach US$ 70.2 Billion by 2032, Fostered by Significant Growth in the Retail Industry

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