Electronic Data Interchange (EDI) Software Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers
The global Electronic Data Interchange (EDI) Software Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "Electronic Data Interchange (EDI) Software Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].
- Fortune Business Insights says that the market value stood at US $ 1.70 Billion in 2021
- By 2029, the Electronic Data Interchange (EDI) Software Market size is expected to reach US $ 4.04 Billion
- The market is expected to grow at a CAGR of 11.6% in the forecast period (2022-2029).
- The growth rate of the Global Electronic Data Interchange (EDI) Software Market is 11.6%, with an estimated value of US $ 4.04 Billion million by 2029.
Gather more insights about the market drivers, restrains and growth of the Global Electronic Data Interchange (EDI) Software Market
Driving Factor:
Financial & Operational Feasibility of EDI to Stoke Demand from SMEs
An unmistakable factor driving the electronic information trade programming market development is the monetary and operational benefits offered by EDI answers for little and medium undertakings (SMEs). These ventures need to work on limited spending plans and have a solid necessity for productive systems to direct business in a savvy way. Since EDI helps in accomplishing these objectives, its interest in SMEs is consistently developing.
For instance, as EDI exchanges are finished electronically and promptly, they wipe out the costs that are regularly caused regarding paper writing material, delivering expenses, and work. Regulatory expenses are likewise shunned as the capacity of data is virtual, eliminating the need to spend on extra room. Also, the exact following of requests through paper-based cycles is dreary and profoundly wasteful. EDI programming can work on these undertakings and enhance inventory network activities, permitting SMEs to finish projects on schedule and convey the most noteworthy consumer loyalty. Subsequently, electronic information trade programming can considerably improve the benefit of SMEs in a limited capacity to focus time.
Major companies in Electronic Data Interchange (EDI) Software Market Report are:
- Babelway (Louvain-la-Neuve, Belgium)
- Rocket Software, Inc. (Massachusetts, United States)
- Epicor Software Corporation (Texas, United States)
- Software AG (Darmstadt, Germany)
- SPS Commerce, Inc. (Minnesota, United States)
- Open Text Corporation (Waterloo, Canada)
- TrueCommerce Inc. (Pennsylvania, United States)
- MuleSoft LLC (California, United States)
- DiCentral Corporation (Texas, United States)
- Boomi Inc. (Dell Boomi) (Pennsylvania, United States)
Pre-Post COVID-19 Impact on Global Electronic Data Interchange (EDI) Software Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Electronic Data Interchange (EDI) Software Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Electronic Data Interchange (EDI) Software Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Electronic Data Interchange (EDI) Software Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
FAQ's:
1. How big is Electronic Data Interchange (EDI) Software Market?
The global electronic data interchange (edi) software market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period, to Reach USD 4.04 Million by 2029, from USD 1.7 Million in 2021
2. Who is the market leader in Electronic Data Interchange (EDI) Software?
Major Points in Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
- Global Electronic Data Interchange (EDI) Software Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
TOC Continued...!
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