Electronic Data Interchange (EDI) Statistics 2024 – Everything You Need to Know

Are you looking to add Electronic Data Interchange (EDI) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Electronic Data Interchange (EDI) statistics of 2024.

My team and I scanned the entire web and collected all the most useful Electronic Data Interchange (EDI) stats on this page. You don’t need to check any other resource on the web for any Electronic Data Interchange (EDI) statistics. All are here only πŸ™‚

How much of an impact will Electronic Data Interchange (EDI) have on your day-to-day? or the day-to-day of your business? Should you invest in Electronic Data Interchange (EDI)? We will answer all your Electronic Data Interchange (EDI) related questions here.

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Best Electronic Data Interchange (EDI) Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 20 Electronic Data Interchange (EDI) Statistics on this page πŸ™‚

Electronic Data Interchange (EDI) Market Statistics

  • The market is projected to grow from USD 1.88 billion in 2024 to USD 4.04 billion by 2029, exhibiting a CAGR of 11.6% during the forecast period. [0]
  • Based on our analysis, the global market had exhibited a decline of 10.1% in 2020 as compared to 2019. [0]
  • The market is projected to grow at a CAGR of 11.6%. [0]
  • The worldwide electronic data interchange software market size is projected to arrive at USD 3,451.3 million by 2028, showing a CAGR of 10.7% during the conjecture time frame. [1]
  • With 13% CAGR, Network Security Market Size Worth USD 53.11 Billion in 2029 Pune, India, April 28, 2024 The global network security market size was valued at USD 20.30 billion in 2021 and reached. [1]
  • Grand View Research expects the global EDI market to be worth nearly six billion dollars by 2025 with a CAGR of 9.4%. [2]

Electronic Data Interchange (EDI) Software Statistics

  • The worldwide electronic data interchange software market size is projected to arrive at USD 3,451.3 million by 2028, showing a CAGR of 10.7% during the conjecture time frame. [1]
  • He estimates that around 95% of EDI software is custom built, increasing the need for consultants and other costly resources. [2]

Electronic Data Interchange (EDI) Latest Statistics

  • Electronic Data Interchange Software Market to rise at 10.7% CAGR till 2027; Growing Emphasis on Enterprise Operational Efficiency to Spur Innovation. [1]
  • With 12.1% CAGR, Talent Management Software Market Size Worth USD 17.66 Billion in 2029 Pune, India, April 28, 2024. [1]
  • β€œAs many as 20% of our B2B transactions were producing an error before we began using IBM Supply Chain Business Network. [3]
  • It happens probably 80% less now because all of that used to be done manually.”. [3]
  • But according to Jett McCandless, Co Founder and CEO of project44, staffing an EDI project will definitely be the bigger challenge. [2]
  • EDI is only capable of automating 10% of the workflow for transportation and logistics. [2]
  • EDI is pretty popular in the supply chain industry, with somewhere between 59 and 85% of companies adopting the technology. [2]
  • But this still means up to 41% of companies are using manual processes. [2]
  • Buyers of a median price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’. [4]
  • The 30 year mortgage rate dips slightly to 5.1%. [4]
  • That year, EDI accounted for nearly 70 percent of all U.S. manufacturers’ sales, which exceeded six trillion dollars. [5]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [5]

I know you want to use Electronic Data Interchange (EDI) Software, thus we made this list of best Electronic Data Interchange (EDI) Software. We also wrote about how to learn Electronic Data Interchange (EDI) Software and how to install Electronic Data Interchange (EDI) Software. Recently we wrote how to uninstall Electronic Data Interchange (EDI) Software for newbie users. Don’t forgot to check latest Electronic Data Interchange (EDI) statistics of 2024.

Reference


  1. fortunebusinessinsights – https://www.fortunebusinessinsights.com/electronic-data-interchange-edi-software-market-103690.
  2. globenewswire – https://www.globenewswire.com/news-release/2021/03/04/2186774/0/en/Electronic-Data-Interchange-Software-Market-to-rise-at-10-7-CAGR-till-2027-Growing-Emphasis-on-Enterprise-Operational-Efficiency-to-Spur-Innovation-Fortune-Business-Insights.html.
  3. selecthub – https://www.selecthub.com/electronic-data-interchange/edi-software-trends/.
  4. ibm – https://www.ibm.com/topics/edi-electronic-data-interchange.
  5. marketwatch – https://www.marketwatch.com/press-release/electronic-data-interchange-edi-market-view-size-output-statistics-speed-capacity-utilization-application-consumption-trend-review-area-forces-outlook-2029-2024-04-18.
  6. statista – https://www.statista.com/statistics/1301911/edi-manufacturing-sales-united-states/.

How Useful is Electronic Data Interchange

One of the key benefits of EDI is its ability to streamline processes and reduce errors by eliminating the need for manual data entry. By enabling the automated exchange of structured data in a standardized format, EDI significantly improves accuracy and speed of information transfer between trading partners. This not only reduces the risk of errors associated with manual data entry but also enhances the overall efficiency of business operations, leading to cost savings and improved productivity.

Furthermore, EDI fosters integration and collaboration between businesses, allowing for seamless communication and data exchange across different systems and platforms. This promotes closer relationships between trading partners, leading to improved customer satisfaction and loyalty. EDI also enables businesses to better track and monitor transactions, resulting in improved visibility and control over their supply chain processes.

In addition to efficiency and accuracy, EDI offers heightened security and data protection, crucial components for businesses operating in today’s digital landscape. EDI transactions are encrypted and transmitted over secure networks, safeguarding sensitive data from unauthorized access and ensuring compliance with data protection regulations. This not only protects sensitive information but also enhances the reputation and trustworthiness of businesses utilizing EDI technology.

Moreover, EDI is a sustainable solution that helps reduce paper usage and carbon emissions associated with traditional manual processes. By digitizing and automating data exchange, businesses can significantly decrease their environmental impact while also benefiting from cost savings resulting from reduced paper usage, storage, and disposal.

While EDI offers numerous advantages, its utility extends beyond traditional business operations. As industries continue to digitize and move towards a more connected world, EDI plays a crucial role in enabling seamless data exchange between different entities, such as governments, healthcare providers, and financial institutions. This opens up new opportunities for collaboration and innovation, leading to further growth and efficiency across various sectors.

Overall, the utility of Electronic Data Interchange cannot be understated in today’s fast-paced, interconnected business environment. Its ability to streamline processes, enhance accuracy, foster collaboration, and improve security makes it an indispensable tool for businesses looking to stay competitive in a digital world. As technology continues to advance and businesses seek innovative solutions to improve efficiency and productivity, the importance of EDI will only continue to grow, cementing its place as a valuable asset for companies seeking to thrive in the modern marketplace.

In Conclusion

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