Electronic Data Interchange (EDI) Software Market to Record CAGR of 12.4% Over 2024-2032; Increasing Government Initiatives and Investments in Advanced Technologies in Healthcare Sector to Drive Market Growth

The Electronic Data Interchange (EDI) software market size was valued at USD 1.88 billion in 2023 and is predicted to reach USD 2.08 billion in 2024. The market is anticipated to touch USD 5.30 billion by 2032, recording a CAGR of 12.4% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Electronic Data Interchange (EDI) Software Market Size, Share & Industry Analysis, By Type (In-house, Outsourcing, and Hybrid), By Deployment (Cloud and On-premises), By Industry (Healthcare, Automotive, Financial Services, High Tech/Manufacturing, Retail, Logistics, and Others), and Regional Forecast, 2024-2032”.

The Electronic Data Interchange (EDI) software included in the analysis comprises Boomi B2B EDI, TrueCommerce EDI, Epicor EDI, and others. The Electronic Data Interchange (EDI) software market growth is mainly fueled by large organizations increasingly opting for in-house processing, digital transformation, and process automation initiatives.

The COVID-19 pandemic profoundly affected the market from 2020 to 2021, disrupting business functions, including electronic data interchange, across industries such as logistics, retail, manufacturing, and healthcare.  As organizations increasingly adopt cloud-based data exchange solutions and innovative contact-less technologies, the demand for electronic data interchange software is projected to rise significantly to enhance customer experience in the post-pandemic period.

MuleSoft Launched MuleSoft Accelerator for Salesforce OMS

MuleSoft announced the launch of MuleSoft Accelerator for Salesforce OMS, which connects Salesforce OMS with MuleSoft’s Anypoint Partner Manager. This solution enables the bidirectional exchange of business communications, including shipment notices, purchase orders, invoices, payments, and other supply chain or logistics messages through modern API communications and traditional EDI standards.

Increasing Government Initiatives and Investments in Advanced Technologies in Healthcare Sector to Drive Market Growth

Electronic Data Interchange (EDI) software in the healthcare sector is beneficial for developing transaction process regulations, promoting government support for HCIT (Healthcare IT) implementation, and reducing healthcare costs. The Global Language of Business (GS1) has introduced a Healthcare EDI implementation kit to standardize global healthcare guidelines using GS1 EDI standards. Additionally, the increasing government initiatives and investments in digital capabilities and advanced technologies within the healthcare sector present significant opportunities for the adoption of EDI. Electronic Data Interchange (EDI) software facilitates precise communication regarding the ordering, shipping, receiving, and utilization of products through the healthcare supply chain, thereby generating numerous market prospects.

However, the technical complexity and interoperability challenges associated with EDI software can restrict its adoption among enterprises, thereby impeding the Electronic Data Interchange (EDI) software market share.

Companies to Focus On Integrating EDI Systems With Advanced Technologies to Improve Their Product Offerings

Leading companies in this market are focusing on upgrading their existing product portfolio to meet various end-use applications and strengthen their market position. They are also integrating EDI systems with advanced technologies such as IoT, Machine Learning (ML), blockchain, cloud, and others to improve their product offerings and provide enhanced solutions.

Notable Industry Development:

• July 2022: Soft SPS Commerce, Inc. acquired GCommerce which will assist customers to the commerce community in the industry, including more than 105,000 commerce partners in more than 80 countries.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/electronic-data-interchange-edi-software-market-103690

List of Companies Profiled in the Report:

• Boomi Inc. (Dell Boomi) (U.S.)


• SPS Commerce, Inc. (U.S.)


• Software AG (Germany)


• MuleSoft LLC (U.S.)


• Epicor Software Corporation (U.S.)


• TrueCommerce Inc. (U.S.)


• Rocket Software, Inc. (U.S.)


• Open Text Corporation (Canada)


• Babelway (Belgium)


• Comarch SA (Poland)

Further Report Findings:

• North America is projected to achieve the largest revenue share with a market size of USD 1.00 billion in 2023. The growth is driven by the expanding manufacturing, healthcare, automobile, and retail sectors, which are increasing the demand for effective data interchange solutions across the region.


• Asia Pacific is anticipated to experience the highest CAGR during the forecast period. The growth can be attributed to the enhanced supply chain efficiencies between retailers & suppliers and the booming e-commerce sector, especially in developing nations such as India, China, and others.


• Based on deployment, the cloud segment led the market in 2023 and is projected to experience the highest CAGR in the coming future. This dominance can be attributed to its ability to offer enhanced flexibility for businesses and its potential to reduce time and operational costs through improved scalability and agility.

Table of Segmentation