New York, Global Electronic Data Interchange (EDI) Software Market report from Global Insight Services is the single authoritative source of intelligence on Electronic Data Interchange (EDI) Software Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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EDI software is used to manage the exchange of business documents between organizations. EDI software typically includes a library of standard business documents, such as purchase orders, invoices, and shipping notices. The software can be used to automate the exchange of these documents, or it can be used to simply manage the documents. EDI software can also be used to track the status of business transactions and to monitor the performance of trading partners.
Market Segmentation
The Electronic Data Interchange (EDI) Software Market is segmented by component, delivery, industry, and region. By component, the market is classified into solution and services. By delivery, the market is bifurcated into Web and cloud-based EDI, EDI value added network (VAN), direct (point-to-point) EDI, mobile EDI. By industry, the market is divided into BFSI, retail and consumer goods, healthcare, IT and telecommunication, transportation and logistics, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Electronic Data Interchange (EDI) Software Market are OSP, McKesson Corporation, NXGN Management, LLC, Optum, Inc., SSI Group LLC, Cleo, Cerner Corporation, 1 EDI Source , Effective Data, and DataTrans Solutions.
Key Trends
There are several key trends in EDI software technology. One is the move towards cloud-based solutions. This means that instead of having to install and maintain software on-premises, businesses can now subscribe to cloud-based EDI solutions. This can save businesses a lot of money in terms of hardware and software costs, as well as maintenance and support.
Another key trend is the move towards integration with other business applications. This means that EDI software can now be used to exchange data with other applications such as CRM, ERP, and accounting software. This can save businesses a lot of time and money by eliminating the need to manually re-enter data into multiple systems.
Finally, another key trend is the move towards real-time data exchange. This means that EDI software can now be used to exchange data in real-time, which can be critical for businesses that need to make decisions quickly.
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Key Drivers
The key drivers of Electronic Data Interchange (EDI) Software market are the increasing need for real-time visibility of data, the need for faster and accurate data exchange, the need for reduced costs associated with manual data entry and processing.
The increasing need for real-time visibility of data is driven by the need for businesses to be able to make faster and more informed decisions. In today’s fast-paced business environment, the ability to have up-to-date information on inventory levels, customer orders, and supplier shipments is critical to success.
The need for faster and accurate data exchange is driven by the need for businesses to be able to exchange large amounts of data quickly and accurately. With EDI software, businesses are able to exchange data between their systems and their trading partners’ systems quickly and accurately, without the need for manual data entry.
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