What is Electronic Data Interchange Software Market?
Electronic Data Interchange (EDI) software creates a data exchange between two or more computers primarily used for the fast transfer of business documents within companies and between business partners, such as suppliers or customers. This software generally translates common file types into a unified format and/or provide templates for a standard format used in transfers. In the healthcare industry and production businesses, IT teams typically implement these networks to streamline and simplify daily communications and document transfers. The factors such as High Demand for Electronic Data Interchange Software from the Healthcare industry and Production Business and High Benefits of the Electronic Data Interchange Software such as Robust, Proven Integration, Scalability and Configurability, Single-vendor Product Support and Others are driving the global electronic data interchange software market.
The market study is being classified, by Application (Healthcare, Automotive, Financial Services, High-Tech/ Manufacturing, Retail, Logistics and Others (Telecom, etc.)) and major geographies with country level break-up.
MuleSoft, LLC. (United States), TrueCommerce, Inc. (United States), 1 EDI Source, Inc. (United States), Cleo (United States), Software AG (Germany), Dell (United States), Jitterbit, Inc. (United States), Accellos, Inc. (United States), Axway Software (France), HighJump (United States) and RedTail (United States) are some of the key players profiled in the study.
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Electronic Data Interchange Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Electronic Data Interchange Software market by Type, Application and Region.
On the basis of geography, the market of Electronic Data Interchange Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Electronic Data Interchange Software from the Healthcare industry and Production Business
- High Benefits of the Electronic Data Interchange Software such as Robust, Proven Integration, Scalability and Configurability, Single-vendor Product Support and Others.
Market Trend
- Increasing Demand for Software-as-a-Service-based EDI offerings from Small Enterprises
Restraints
- Time Consuming Initial Setup
- Changes in EDI Standards
Opportunities
- Growing Demand from End-users
- Increasing Applications of Electronic Data Interchange Software
Challenges
In October 2019, Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has announced that it has acquired 1 EDI Source, Inc., a leading provider of electronic data interchange (EDI) solutions and business visibility software.
Key Target Audience
Electronic Data Interchange Software Developers, Emerging Companies, Research Professionals and End-users