Electronic Data Interchange (EDI) Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution, Services), Type (Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web E

Electronic Data Interchange (EDI) Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution, Services), Type (Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI Outsourcing, Others), Industry (BFSI, Retail & Consumer Goods, Healthcare, IT & Telecommunication, Transportation & Logistics, Others)

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.