The Europe Electronic Data Interchange (EDI) market is expected to grow from US$ 7,054.8 million in 2021 to US$ 15,209.3 million by 2028; it is estimated to grow at a CAGR of 11.6% during 2021–2028.
Notably, there is a fast-paced adoption of digital technologies as more retail and consumer goods companies in Europe are opening new revenue channels with online stores, digital payments, and other innovative products in the retail industry. The electronic data interchange software plays a crucial role in exchanging invoices and other transactional documents in a digital platform. Supporting the adoption of these solutions, on September 24, 2020, the European Commission announced the adoption of a package of steps on digital finance, also consisting of the communication on a newly developed strategy for modern and safe retail payments. The retail payments strategy for the EU has an objective to further develop the European payments market, which will reduce Europe's dependency on big international players in the industry through the benefits derived from innovation and the opportunities created by digitization. Along with instant payments and affordable and accessible EU-wide payment solutions, there is a rising demand for consumer protection and safe payment solutions. Electronic Data Interchange (EDI) software provides a safe and convenient digital platform for data interchange, which is driving the Electronic Data Interchange (EDI) market in Europe.
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Europe Electronic Data Interchange (EDI) Market: Strategic Insights
Market Size Value in US$ 7,054.8 million in 2021 Market Size Value by US$ 15,209.3 million by 2028 Growth rate CAGR of 11.6% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2020
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Europe Electronic Data Interchange (EDI) Market: Strategic Insights
| Market Size Value in | US$ 7,054.8 million in 2021 |
| Market Size Value by | US$ 15,209.3 million by 2028 |
| Growth rate | CAGR of 11.6% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2020 |
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Impact of COVID-19 Pandemic on Europe Electronic Data Interchange (EDI) Market
Due to COVID-19 outbreak, Spain, Italy, the UK, Nordics, Benelux, Portugal, DACH, and France are a few of the worst affected member states in Europe. Businesses in the region faced severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The region is a major manufacturing and industrial hub for various sectors, such as retail and consumer goods sector. Hence, due to business lockdowns, travel bans, and supply chain disruptions, Europe witnessed an economic slowdown in 2020.
The member states of Europe, such as Italy, Spain and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major market for electronic data interchange (EDI) adoption and growth owing to the high purchasing power of customers and boosting ecommerce industry. However, due to the COVID-19 pandemic, the electronics & telecommunications industry is also witnessing a slowdown. Since the European electronic manufacturers rely on China-based suppliers for raw material and other components has seen a sharp decline in European countries. Additionally, the retail & e-Commerce industry was under stress in 2020 and still facing same the COVID-19 impact which hindering the businesses in the region. All these factors are expected to have a direct impact on the Electronic Data Interchange (EDI) market growth in European countries. Italy, Spain, Germany, the UK, and France Electronic Data Interchange (EDI) Markets are anticipated to witness the worst impact in 2020 and likely in 2021 also.
Europe Electronic Data Interchange (EDI) Market Insights
Growing Adoption of Electronic Data Interchange (EDI) Outsourcing Services Fuels Growth of Europe Electronic Data Interchange (EDI) Market
The current trend in Electronic Data Interchange (EDI) market of outsourcing the Electronic Data Interchange (EDI) program is done via managed services which implements an Electronic Data Interchange (EDI) platform for a third-party provider. Outsourcing necessitates the organizations to access a wide range of abilities and capital investment of the hardware and software. Currently, several companies are actively focusing on integrating Electronic Data Interchange (EDI) with their back-office systems, including an ERP system that helps achieve the demand for internal resources. Furthermore, adopting the managed services approach to Electronic Data Interchange (EDI) has become popular among organizations. The implementation of Electronic Data Interchange (EDI) outsourcing is currently gaining more momentum other areas of the IT industry as it assists in reducing the cost of investing in additional infrastructure and ensures access to optimum levels of skills for service delivery to customers. The advantages of implementation of Electronic Data Interchange (EDI) includes user access to the latest technology, connectivity with external systems, community enablement process, along with value-added services for global trade by users. Electronic Data Interchange (EDI) enhances business agility by allowing the user to quickly enter new markets and boost business productivity by supplying advanced information related to performance, supply chain, and business partners. In Europe, each retailer partners with a single Electronic Data Interchange (EDI) provider through a single connection. Therefore, with the implementation of Electronic Data Interchange (EDI) outsourcing, many organizations can sustain themselves in the Electronic Data Interchange (EDI) market, creating ample opportunities for the growth of the Europe Electronic Data Interchange (EDI) market.
Component-Based Electronic Data Interchange (EDI) Market Insights
Based on component, the Europe Electronic Data Interchange (EDI) market is bifurcated into solution and services. In 2020, the solution segment accounted for a larger market share.
Type-Based Electronic Data Interchange (EDI) Market Insights
By type, the Europe Electronic Data Interchange (EDI) market is segmented into
Electronic Data Interchange (EDI) VAN, Web Electronic Data Interchange (EDI), Electronic Data Interchange (EDI) Outsourcing, Electronic Data Interchange (EDI) Software, Direct Electronic Data Interchange (EDI), and others
. In 2020, the Electronic Data Interchange (EDI) software segment accounted for the largest market share.The players operating in the Europe Electronic Data Interchange (EDI) market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key market players are listed below:
- In November 2021, SPS Commerce, Inc., a leader in retail cloud services, announced the acquisition of Genius Central, a software solution provider having expertise in the natural and organic foods industry. This development creates a greater impact on the customer base and expands the company's Europe Electronic Data Interchange (EDI) market presence.
- In May 2018, Mulesoft announced that it is acquired by Salesforce.com, inc. With this acquisition, the Salesforce enhance the customers’ digital transformations, permit them to unlock data across cloud apps, legacy systems, and devices to make faster, smarter, decisions. This development creates a broader customer base for the company in Electronic Data Interchange (EDI) market.
The Europe Electronic Data Interchange (EDI) market has been segmented as mentioned below:
By Component
- Solution
- Services
By Type
- Electronic Data Interchange (EDI) VAN
- Web Electronic Data Interchange (EDI)
- Electronic Data Interchange (EDI) Outsourcing
- Electronic Data Interchange (EDI) Software
- Direct Electronic Data Interchange (EDI)
- Others
By Industry
BFSI
Retail and Consumer Goods
Healthcare
IT and Telecommunication
Transportation and Logistics
Others
By Country
- Europe
- Nordics
- France
- Italy
- Spain
- DACH
- Portugal
- Benelux
- Rest of Europe
Company Profiles
- Mulesoft, LLC
- SPS Commerce, Inc.
- TrueCommerce Inc.
- IBM Corporation
- Cleo
- The Descartes Systems Group Inc.
- EDICOM
- Comarch SA
- Unifiedpost Group
- Generix Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, Industry, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Benelux, DACH, France, Italy, Nordics, Portugal, Spain, United Kingdom
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Macro-Economic Factor Analysis:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. Europe Electronic Data Interchange (EDI) Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 VAT Gap
4.5.2 Clearance Model
5. Europe Electronic Data Interchange (EDI) Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of EDI Transactions and Standards to Ensure Seamless Workflow
5.1.2 Booming Retail and Consumer Goods Industries in Europe
5.2 Market Restraints
5.3 5.3 Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Europe Electronic Data Interchange (EDI) Market Overview
6.1 Europe Electronic Data Interchange (EDI) Market Forecast and Analysis
6.2 Market Positioning – Global Key Players
7. Europe Electronic Data Interchange (EDI) Market Analysis – By Component
7.1 Overview
7.2 Europe Electronic Data Interchange (EDI) Market Breakdown, By Component, 2020 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Europe Solution Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Europe Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Electronic Data Interchange (EDI) Market Analysis – By Type
8.1 Overview
8.2 Europe Electronic Data Interchange (EDI) Market Breakdown, By Type, 2020 & 2028
8.3 Direct EDI
8.3.1 Overview
8.3.2 Direct EDI : EDI Market –Revenue and Forecast to 2028 (US$ Million)
8.4 EDI Software
8.4.1 Overview
8.4.2 EDI Software: EDI Market –Revenue and Forecast to 2028 (US$ Million)
8.5 EDI VAN (EDI Network)
8.5.1 Overview
8.5.2 EDI VAN: EDI Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Web EDI
8.6.1 Overview
8.6.2 Web EDI : EDI Market –Revenue and Forecast to 2028 (US$ Million)
8.7 EDI Outsourcing
8.7.1 Overview
8.7.2 EDI Outsourcing: EDI Market –Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9. Europe Electronic Data Interchange (EDI) Market Analysis – By Industry
9.1 Overview
9.2 Europe Electronic Data Interchange (EDI) Market Breakdown, By Industry, 2020 & 2028
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9.4 Retail and Consumer Goods
9.4.1 Overview
9.4.2 Retail and Consumer Goods: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9.6 IT & Telecommunication
9.6.1 Overview
9.6.2 IT & Telecommunication: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9.7 Transportation & Logistics
9.7.1 Overview
9.7.2 Transportation & Logistics: EDI Market –Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: EDI Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Electronic Data Interchange (EDI) Market – Country Analysis
10.1 Europe Electronic Data Interchange (EDI) Market Breakdown, By Country
10.1.1 Nordics Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.1 Nordics Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.1.2 Nordics Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.1.3 Nordics Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.1.4 UK Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.1.5 UK Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.1.6 UK Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.2 France Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.2.1 France Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.2.2 France Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.2.3 France Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.3 Italy Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.3.1 Italy Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.3.2 Italy Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.3.3 Italy Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.4 Spain Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.4.1 Spain Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.4.2 Spain Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.4.3 Spain Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.5 DACH Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.5.1 DACH Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.5.2 DACH Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.5.3 DACH Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.6 Portugal Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.6.1 Portugal Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.6.2 Portugal Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.6.3 Portugal Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.7 Benelux Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.7.1 Benelux Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.7.2 Benelux Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.7.3 Benelux Electronic Data Interchange (EDI) Market Breakdown, By Industry
10.1.8 Rest of Europe Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
10.1.8.1 Rest of Europe Electronic Data Interchange (EDI) Market Breakdown, By Component
10.1.8.2 Rest of Europe Electronic Data Interchange (EDI) Market Breakdown, By Type
10.1.8.3 Rest of Europe Electronic Data Interchange (EDI) Market Breakdown, By Industry
11. Impact of COVID-19 Pandemic on EDI Market
11.1 Europe
12. Electronic Data Interchange (EDI) Market–Key Company Profiles
12.1 Mulesoft, LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 SPS Commerce, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 TrueCommerce Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 IBM Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cleo
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 The Descartes Systems Group Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 EDICOM
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Comarch SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Unifiedpost Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Generix Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Nordics Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 3. Nordics Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 4. Nordics Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 5. UK Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 6. UK Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 7. UK Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 8. France Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 9. France Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 10. France Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 11. Italy Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 12. Italy Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 13. Italy Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 14. Spain Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 15. Spain Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 16. Spain Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 17. DACH Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 18. DACH Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 19. DACH Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 20. Portugal Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 21. Portugal Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 22. Portugal Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 23. Benelux Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 24. Benelux Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 25. Benelux Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 26. Rest of Europe Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Component (US$ Mn)
Table 27. Rest of Europe Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 28. Rest of Europe Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 – By Industry (US$ Mn)
Table 29. Glossary of Term: Electronic Data Interchange (EDI) Market
LIST OF FIGURES
Figure 1. Electronic Data Interchange (EDI) Market Segmentation
Figure 2. Europe Electronic Data Interchange (EDI) Market Overview
Figure 3. Europe Electronic Data Interchange (EDI) Market, by Component
Figure 4. Europe Electronic Data Interchange (EDI) Market, by Type
Figure 5. Europe Electronic Data Interchange (EDI) Market, by Industry
Figure 6. Europe Electronic Data Interchange (EDI) Market, by Country
Figure 7. Europe PEST Analysis
Figure 8. Electronic Data Interchange (EDI) Market Ecosystem Analysis
Figure 9. Europe Electronic Data Interchange (EDI) Market Impact Analysis of Drivers and Restraints EDI Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Electronic Data Interchange (EDI) Market Forecast and Analysis, (US$ Mn)
Figure 11. Europe Electronic Data Interchange (EDI) Market Breakdown, By Component, 2020 & 2028 (%)
Figure 12. Europe Solution Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Europe Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe Electronic Data Interchange (EDI) Market Breakdown, By Type, 2020 & 2028 (%)
Figure 15. Direct EDI : EDI Market –Revenue and Forecast to 2028 (US$ Million)
Figure 16. EDI Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. EDI VAN: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Web EDI : EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. EDI Outsourcing: EDI Market –Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Electronic Data Interchange (EDI) Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 22. BFSI: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Retail and Consumer Goods: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Healthcare: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. IT & Telecommunication: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Transportation & Logistics: EDI Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: EDI Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Electronic Data Interchange (EDI) Market Breakdown, By Country, 2020 & 2028(%)
Figure 29. Nordics Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 30. UK Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 31. France Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 32. Italy Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 33. Spain Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 34. DACH Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 35. Portugal Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 36. Benelux Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 37. Rest of Europe Electronic Data Interchange (EDI) Market Revenue and Forecast to 2028 (US$ Mn)
Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Electronic Data Interchange (EDI) Market
- Mulesoft, LLC
- SPS Commerce, Inc.
- TrueCommerce Inc.
- IBM Corporation
- Cleo
- The Descartes Systems Group Inc.
- EDICOM
- Comarch SA
- Unifiedpost Group
- Generix Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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