Business

Electronic Data Interchange Market Analysis, Size, Share, Price, Trends, Growth, Report, Forecast 2021-2026

The new report by Expert Market Research titled, ‘Electronic Data Interchange Market Analysis, Size, Share, Price, Trends, Report and Forecast 2021-2026’, gives an in-depth analysis of the electronic data interchange (EDI) market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/electronic-data-interchange-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 26 billion
  • Forecast CAGR (2021-2026): 12%
  • Forecast Market Size (2026): USD 52 billion

The expansion of the EDI market is mostly owing to technological advancements and inventions. In the middle of the everyday chaos of maintaining a huge trading network, tracking transactions, and communicating across numerous media, electronic data interchange (EDI) solutions emerge as an electronic panacea to the inefficient manual process for businesses of all kinds. While technology-enabled businesses want a piece of the pie early on, vendors of electronic data exchange solutions are pushing to combine Blockchain and EDI technologies to integrate security into key business processes. Organizations can use EDI to control data communication between supply chain apps. EDI aids the organisation and ensures that business-critical data is delivered on time. Traditional business communication was supplanted by EDI, which automated mail preparation and handling. Moreover, throughout the forecast period, an increase in the number of end-users along with increased acceptance of EDI is likely to drive the growth of the electronic data interchange market across various industries.

Industry Definition and Major Segments

Electronic data interchange (EDI) refers to companies sharing information that was previously communicated on paper, such as purchase orders and invoices, in a digital format (EDI). Based on the type of business and the size of the company, the electronic data interchange (EDI) market can be divided into several categories. Electronic data exchange (EDI) technical standards exist to make it easier for parties to trade financial instruments without having to make special preparations. EDI standards describe the rigorous format of electronic documents and were developed especially for the automotive sector to be independent of connectivity and software technologies.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/electronic-data-interchange-market

By type, the market is divided into:

  • EDI VAN (Value Added Network)
  • EDI Software
  • On-Premise
  • Cloud Based
  • EDI-as-a-Service (Outsourcing/Managed Services)
  • Others

By enterprise, the market is divided into:

  • Large Enterprise
  • Small and Medium Enterprise Mobile Application

By region, the industry is categorised into:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

The retail business suffers the pressure of demanding customers, prompting them to look for EDI solutions to cut costs and improve system performance. The automobile industry was also an early adopter of EDI systems to ensure continuous business document sharing across multiple levels, from car manufacturers through distributors and end-users. Despite the fact that demand for EDI systems has matured, many firms still foresee a lengthy and costly transition away from paper. The high initial cost of implementation makes these approaches undesirable for adoption, and the scarcity of qualified personnel also means a budget for preparation, which adds up to a high initial cost. Furthermore, an increasing number of end-users is expected to fuel demand for electronic data interchange services/solutions throughout the market horizon. End-users include payers, providers, the pharmaceutical and medical device industries, and others.

The utilisation of analytical data has given the EDI market a new dimension across all industrial sectors. Due to increased competition, pricing pressure, and smaller profit margins, pharmaceutical and medical device makers are also implementing electronic data interchange services or solutions, which is expected to aid in the expansion of this industry.

North America has the highest market share owing to its well established industry standards. Europe is expected to hold a significant market share during the forecast period due to rising demand for electronic data interchange services/solutions among pharmaceutical companies and medical device manufacturers in Europe to combat growing competitiveness, pricing pressure, and lower profit margins. The market in the Asia Pacific area is likely to be driven by regulatory reforms, economic development, and a developing IT industry. Increasing patient volume, the need to manage a huge volume of patient data, and the deployment of HCIT programmes in India, Japan, and Australia are also projected to aid the market growth.

Key Market Players

The major players in the market are Business Technology Consulting (BTC) AG, Cleo, SPS Commerce, Inc. (NASDAQ: SPSC, Dell Technologies Inc. , General Electric Company , International Business Machines Corporation (IBM) Corporation , McKesson Corporation, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: EMR Inc.
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

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