Stratview Research has published a new report on the Electronic Data Interchange Software Market, segmented by Type (Cloud-based, On-premises-based), Organization Size (Large Enterprises, Small- and Medium-sized Enterprises), Industry Vertical (Healthcare; Banking, Financial Services, and Insurance; Automotive; Retail and Consumer Goods; Manufacturing; IT and Telecom; and Transportation and Logistics) and Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The Electronic Data Interchange Software Market is expected to grow from USD 1,845.6 million in 2020 to USD 3,244.6 million by 2026 at a CAGR of 9.9% during the forecast period.
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Electronic Data Interchange Software Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
The retail and consumer goods segment is expected to hold the largest share during the forecast period due to their frequent demand for consumer products in large quantities from their suppliers. Healthcare is expected to grow with the highest CAGR during the forecast period owing to the increasing need for medicines and other medical equipment among consumers, healthcare service providers, and research institutes.
Among regions, North America is expected to be the largest contributor during the forecast period due to the usage of advanced and automated solutions in day-to-day business operations. Asia Pacific is expected to grow with the highest CAGR owing to growing digitalization of business processes in its major countries such as China, Singapore, Japan, South Korea, Australia, and India.
Following are the key players in the Electronic Data Interchange Software Market:
- SPS Commerce (The U.S),
- TrueCommerce (The U.S),
- Mulesoft (The U.S),
- IBM Corporation (The U.S),
- Cleo (The U.S),
- Data Masons Software (The U.S),
- Edicom (Spain),
- Crossinx (Germany),
- Intertrade Systems (The U.S),
- Comarch (Poland), and
- The Descartes Systems Group (Canada).
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