Electronic Data Interchange Market to Reach $74.36 Billion by 2031, CAGR 11.9%.

The electronic data interchange (EDI) market is experiencing significant growth, valued at $34.02 billion in 2024 and projected to reach $74.36 billion by 2031, with a CAGR of 11.9%. This growth is attributed to the digital transformation across various industries and the increasing adoption of EDI in small and medium enterprises. The market comprises components and services that are expected to register strength in the coming years.

Title: The Rapid Growth of the Electronic Data Interchange (EDI) Market

The electronic data interchange (EDI) market is witnessing significant growth, with a valuation of $34.02 billion in 2024 and a projected reach of $74.36 billion by 2031, indicating a CAGR of 11.9% during the period of 2025-2031 [2]. This robust growth is driven by the digital transformation across various industries and the increasing adoption of EDI in small and medium enterprises (SMEs).

The EDI market encompasses a range of components and services that are expected to maintain their strength in the coming years. The market's expansion is fueled by the continuous investment in digital technologies, which aims to revolutionize business processes by enhancing operational efficiency and reducing costs. The rising adoption of cloud computing, as highlighted in the report, is a substantial factor contributing to the deployment of EDI technology and service consumption models [2].

According to Edge Delta, Inc.'s data from May 2024, 94% of businesses globally utilize cloud services to automate operational processes, lower IT costs, and achieve faster time-to-market [2]. Additionally, businesses are focusing on automating invoicing and other operational tasks, further boosting the demand for EDI solutions.

The report from The Insight Partners provides an in-depth analysis of market trends, key players, and future opportunities in the EDI market. It underscores the critical role of digital transformation in driving the market's growth and highlights the potential for continued expansion as more industries embrace EDI for streamlined operations.

References:
[1] https://www.linkedin.com/pulse/apac-electrodeionization-edi-systems-market-key-research-k2hce/
[2] https://www.prnewswire.co.uk/news-releases/electronic-data-interchange-market-size-to-grow-usd-74-36-billion-by-2031--rising-digital-transformation-across-various-industries-propels--the-insight-partners-302509663.html