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Electronic Data Interchange (EDI) Market is anticipated to account highest CAGR during the forecast 2022-2028

May 24th, 2022 10:19 AM

According to the latest research report published by The Insight Partners, titled “Electronic Data Interchange (EDI) Market to 2027–COVID-19 Impact and Forecast and Global Analysis”, the global Electronic Data Interchange (EDI) Market is expected to reach US$ 49,213.1 million by 2027, registering a CAGR of 9.5 % during the forecast period 2020–2027.

Electronic data interchange (EDI) is a process of transaction of business documents basically standard electronic format between the organization and trade partners. For instance, some of the common materials that are interchanged with the help of EDI are invoices, purchase orders, and advance ship notices. However, there are numerous other documents such as  customs documents, bill of lading, inventory documents, payment documents, and shipping status documents. EDI allows organizations to regulate the exchange of data between supply chain applications. EDI helps the organization and guarantees about the business-critical data to be sent on time. The EDI replaces traditional business communication with mail preparation and automatic handling. Though, it helps the organizations to standardize the information interchanged via business documents, which makes it a paperless exchange. An efficient EDI transaction enhances the overall data exchange process with seamless automation of B2B workflows, as well as effective integration of the external and internal systems, cloud ecosystems, and applications.

Key Players Influencing the Market

  • Cleo
  • Comarch SA
  • Crossinx GmbH
  • Data Masons Software LLC
  • EDICOM
  • IBM Corporation
  • InterTrade Systems, Inc
  • Mulesoft, LLC
  • SPS Commerce, Inc.
  • The Descartes Systems Group Inc.
  • TrueCommerce Inc.

 

The global EDI market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the EDI market with respects to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the EDI market.

 

Key findings of the study:

As digital technologies are constantly transforming across the globe and revolutionizing the business processes by improving operational efficiency at reduced costs, large and small enterprises are investing in cloud computing, EDI solutions, web apps, artificial intelligence, predictive analytics, the internet of things, big data, and among others. The growing adoption of cloud computing is one of the significant factors for the deployment of EDI technology and service consumption models. Organizations are focusing on applications, data, connections, and integration with the cloud, which includes EDI.

Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPRE00006160/

Answers that the report acknowledges:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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