Electronic Data Interchange (EDI) Software Market to Rise at 12.5% CAGR over 2023-2030; Integration of Advanced Technologies in EDI to Boost Market Development

The global Electronic Data Interchange (EDI) software market size touched USD 1.78 billion in 2022. The market valuation is estimated to rise from USD 1.98 billion in 2023 to USD 4.52 billion by 2030 at 12.5% CAGR over the projected timeline. Fortune Business Insights^TM offers this information in its report titled “Electronic Data Interchange (EDI) Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-premises), By Industry (Healthcare, Automotive, Financial Services, Manufacturing, Retail, Logistics, and Others), and Regional Forecast, 2023-2030”. Need for improved process automation and accelerated digital transformation is propelling the market forward. Growing number of data transactions across industries will positively influence the market outlook.

New Opportunities Emerge Amid COVID-19 Owing to Large-Scale Digital Shift

Increasing adoption of cloud-based and digital technologies has been observed since the outbreak of COVID-19. Healthcare, retail, and manufacturing sectors have been at the forefront of cloud adoption during the pandemic. Digital solutions such as facial recognition, Quick Response (QR) codes, and Near-Field Communication (NFC) are enabling several countries to get through pandemic-related challenges. Due to these factors, Electronic Data Interchange software adoption has surged rapidly during COVID-19.

Hudson Capital, Inc. and FreightHub, Inc. Partner to Unveil New EDI Software Platform

Hudson Capital, Inc. and FreightHub, Inc. collaborated in July 2021 to roll out new Electronic Data Interchange software for seamless communication with customers. The two companies also inked a definitive merger agreement. The new platform makes it easier and more affordable for users and service providers to interact and conduct business. The solution makes business processes seamless and more streamlined, enhancing the efficiency and reliability of operations.

Growth-Driven by Increasing Prevalence of Major Cyber Attacks on the Oil and Gas Industry

The Electronic Data Interchange software market growth will be driven by the integration of advanced technologies into EDI systems. From Small and Medium Businesses (SMBs) to large enterprises, data interchange transactions are critical to B2B and B2C processes. The future of the retail supply chain depends heavily on technological advances such as AI and IoT.

On the other hand, application programming interface can perform similar functions as the EDI software as it’s flexible, cost-effective, and faster, thus acting as a substitute and hindering market augmentation. 

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

Key Market Players Prioritize Product Innovation to Expand Market Presence

Leading providers of EDI solutions, such as Dell Boomi, MuleSoft LLC, and SPS Commerce, Inc., are upgrading their product lines to cater to the burgeoning demand from various end-users and strengthen their market position. Recent years have witnessed the launch of advanced EDI systems integrated with machine learning, IoT, cloud, and blockchain.

Notable Industry Development-

• August 2021 – Rocket Software, Inc. unveiled Rocket EDX, an EDI cloud-based managed services platform. The solution provides secured interactions, on-demand outsourcing, business intelligence insights, and more.

List of Key Market Players:

• 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 expected to dominate the Electronic Data Interchange software market share through 2030. Regional market trends will be influenced by rising adoption across retail, healthcare, automotive, and manufacturing.


• The logistics industry is expected to capture a substantial market share through 2030 owing to the launch of new solutions in logistics, including carrier-based analytics, automated scheduling, and consolidation of deliveries from multiple shippers.


• As per deployment, the cloud segment dominated the market in 2022 due to the rising adoption of cloud-based platforms among organizations that have a strong presence in several geographies.

Table of Segmentation