The Latin America, Middle East and Africa Electronic Data Interchange (EDI) Software Market is expected to witness market growth of 13.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Electronic Data Interchange (EDI) Software Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $175.1 million by 2031. The Argentina market is showcasing a CAGR of 14.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.7% during 2024-2031.
The electronic data interchange (EDI) software market refers to the industry that provides software solutions enabling organizations to exchange business documents electronically in a standardized format. EDI enables the automated generation and transmission of purchase orders to suppliers, reducing manual entry errors and speeding up the procurement cycle.
Additionally, EDI software facilitates better vendor management by allowing companies to assess supplier performance based on timely deliveries and compliance with order specifications. EDI provides real-time visibility into shipments and inventory levels, allowing businesses to monitor supply chain performance and react quickly to disruptions. EDI fosters better collaboration between trading partners by providing a platform for sharing essential supply chain information securely.
The expansion of the retail sector in Brazil is significantly impacting the growth of the electronic data interchange (EDI) software market. According to the Brazilian government, retail trade sales showed a positive trend, with a seasonally adjusted increase of 1.0% in January 2024 compared to December. This follows a robust 2.8% rise in the previous month. The quarterly moving average also reflects growth, with a 0.7% increase in the quarter ending in February. Notably, retail trade sales surged 8.2% in the unadjusted series from February 2023, marking the ninth consecutive month of growth. This upward trajectory underscores the vitality of the retail sector and highlights the increasing complexity of operations that necessitate efficient data management solutions like EDI.
The Brazil market dominated the LAMEA Electronic Data Interchange (EDI) Software Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $175.1 million by 2031. The Argentina market is showcasing a CAGR of 14.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.7% during 2024-2031.
The electronic data interchange (EDI) software market refers to the industry that provides software solutions enabling organizations to exchange business documents electronically in a standardized format. EDI enables the automated generation and transmission of purchase orders to suppliers, reducing manual entry errors and speeding up the procurement cycle.
Additionally, EDI software facilitates better vendor management by allowing companies to assess supplier performance based on timely deliveries and compliance with order specifications. EDI provides real-time visibility into shipments and inventory levels, allowing businesses to monitor supply chain performance and react quickly to disruptions. EDI fosters better collaboration between trading partners by providing a platform for sharing essential supply chain information securely.
The expansion of the retail sector in Brazil is significantly impacting the growth of the electronic data interchange (EDI) software market. According to the Brazilian government, retail trade sales showed a positive trend, with a seasonally adjusted increase of 1.0% in January 2024 compared to December. This follows a robust 2.8% rise in the previous month. The quarterly moving average also reflects growth, with a 0.7% increase in the quarter ending in February. Notably, retail trade sales surged 8.2% in the unadjusted series from February 2023, marking the ninth consecutive month of growth. This upward trajectory underscores the vitality of the retail sector and highlights the increasing complexity of operations that necessitate efficient data management solutions like EDI.
List of Key Companies Profiled
- IBM Corporation
- Epicor Software Corporation
- Salesforce, Inc.
- Open Text Corporation
- Software AG
- SPS Commerce, Inc.
- Cleo Communications
- True Commerce, Inc.
- Rocket Software, Inc. (Bain Capital Private Equity)
- Boomi, LP.
Market Report Segmentation
By Deployment- Cloud
- On-Premises
- Retail
- Healthcare
- Automotive
- High-Tech/Manufacturing
- Financial Services
- Logistics
- Other Industry
- Outsourcing
- In-house
- Hybrid
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Electronic Data Interchange (EDI) Software Market by Deployment
Chapter 6. LAMEA Electronic Data Interchange (EDI) Software Market by Industry
Chapter 7. LAMEA Electronic Data Interchange (EDI) Software Market by Type
Chapter 8. LAMEA Electronic Data Interchange (EDI) Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Electronic Data Interchange (EDI) Software Market include:- IBM Corporation
- Epicor Software Corporation
- Salesforce, Inc.
- Open Text Corporation
- Software AG
- SPS Commerce, Inc.
- Cleo Communications
- True Commerce, Inc.
- Rocket Software, Inc. (Bain Capital Private Equity)
- Boomi, LP.
Methodology
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