Electronic Data Interchange (EDI) Solutions Market To FlourIsh with an Impressive CAGR By 2027

The electronic data interchange solutions (EDI) market is expected to register a CAGR of ~ 8.5% between 2019 and 2027. The electronic data interchange solutions market is projected to be driven by the increasing operating costs of companies and advancements in technologies.
The global electronic data interchange solutions market is expected to reach ~ US$ 47 Bn by 2027, from ~ US$ 24.6 Bn in 2019. The development of EDI integration with advanced technologies is boosting the EDI solutions market.
The electronic data interchange solutions market in North America is anticipated to expand at a rapid pace during the forecast period, followed by Europe.
North America remains the dominant market leader in the global EDI solutions market, with revenues in 2019 estimated to reach ~ US$ 10.1 Bn. Growth in the demand for the faster transferability of documents among different trading partners across the globe is expected to exponentially drive the electronic data interchange solutions market.
Asia Pacific is projected to see high growth in the global electronic data interchange solutions market during the forecast period. This is due to increasing digitization initiatives by governments across the region, and rise in demand from other regions as well.

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Electronic Data Interchange Solutions Market: Definition

The electronic data interchange solutions market report provides analysis of the global electronic data interchange solutions market for the period 2017–2027, wherein, 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
In this report, we analyze the growth drivers that are increasing the value of the EDI solutions market, and how organizations can replace the workforce with advanced EDI technologies. Moreover, organizations are ready to invest in these technologies due to increasing competition for EDI solutions.
Organizations are adapting and updating EDI solutions rapidly due to their numerous benefits, such as reduction in paperwork and transcription errors, enhanced response time for procurement and customer needs, reduced stock out situation of inventory, and secure payment of vendors.

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Electronic Data Interchange Solutions Market - Company Profiles

GE Healthcare: Founded in 1994, GE Healthcare is a prominent global company that provides services in digital infrastructure, data analytics, and medical technologies. Additionally, it also offers decision support tools that help healthcare professionals diagnose, treat, and monitor their patients. GE Healthcare also provides various EDI services such as claims, remittance clearing, and revenue cycle management for hospitals.

IBM Corporation: Founded in 1911, IBM Corporation is a multinational company that manufactures and markets products such as computer hardware, middleware, and software, along with hosting and IT consulting services. IBM Corporation’s product categories include analytics, cloud, Watson, customer engagement, Internet of Things, industry solutions, mobile, and security. IBM cloud services include cloud managed services, cloud advisory services, and cloud migration services.

True Commerce, Inc.: Founded in 1995, True Commerce, Inc. provides diverse services to businesses, such as EDI Solutions, EDI Enablement, EDI software, electronic data interchange, and EDI integration for ERP and accounting systems. It also offers e-Commerce, supplier management, vendor managed inventory, inventory management, and sales analytics.

Other major players operating in the global electronic data interchange solutions market and profiled in the report include BTC AG, Cleo, CovalentWorks, Dell Inc., Mckesson Corporation, Salesforce.com Inc., and SPS Commerce. Companies are shifting toward AI and machine learning, and up-scaling their skills to gain a competitive advantage in the electronic data interchange solutions market, apart from maintaining their position in the market.

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