The automotive industry faces a growing imperative to streamline supply chain operations. Implementing robust EDI solutions is crucial for enhancing communication and visibility across the supply chain. Efficient EDI systems optimize processes, reduce errors and improve overall operational efficiency. By leveraging EDI technology, automotive companies can stay competitive in a rapidly evolving market landscape. Embracing streamlined supply chain operations through EDI is key to meeting customer demands and achieving sustainable growth.
The increasing need to streamline supply chain operations in the automotive industry underscores the importance of adopting Electronic Data Interchange (EDI). EDI automates the exchange of crucial documents such as purchase orders, invoices, and shipping notifications, reducing manual data entry errors and speeding up transaction processing times. This automation ensures seamless information flow between manufacturers, suppliers, and retailers, facilitating faster decision-making.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-edi-market
Data Bridge Market Research analyses that the Global EDI Market in automotive is expected to reach a value of USD 14.47 billion by 2031 from USD 6.61 billion in 2023 at a CAGR of 10.5% during the forecast period of 2024-2031.
Key Findings of the Study
Fast Growing Automotive Industry
In the fast-growing automotive industry, the adoption of Electronic Data Interchange (EDI) is crucial for streamlining supply chain operations. EDI facilitates seamless communication and data exchange between manufacturers, suppliers and distributors, enabling efficient procurement, inventory management and order processing. By automating processes and providing real-time visibility, EDI enhances efficiency, reduces costs, and ensures rapid response to market demands.
The fast-growing automotive industry heavily relies on Electronic Data Interchange (EDI) to streamline operations and enhance efficiency. EDI automates the exchange of key documents, reducing errors and administrative costs while speeding up transactions. This technology is crucial for managing complex supply chains and supporting just-in-time production systems. By standardizing communication protocols, EDI enables smoother international operations, facilitating the industry's globalization. Overall, EDI is vital for sustaining the automotive sector's growth and competitive edge.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Billion
|
|
Segments Covered
|
Offering (Solution and Services), Deployment Mode (On-Premise and Cloud), Type (Direct EDI, Value-Added Network (VAN)- Enabled EDI, Applicability Statement 2 (AS2)-Enabled EDI, Web EDI, Mobile EDI, Outsourced EDI, and Indirect EDI), Standard (ANSI X12, EDIFACT, ODETTEE, VDA, XML, and Others), Application (Production Schedules, Inventory Management, Purchase Orders, Shipping Notifications, and Others), End User (Manufacturers, Logistics Providers, Suppliers, and Distributors and Dealerships)
|
|
Countries Covered
|
China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Turkey, Poland, Belgium, Netherlands, Sweden, Finland, Switzerland, Norway, Denmark, Rest of Europe, U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, Israel, U.A.E., Egypt, Kuwait, Oman, Bahrain, Qatar, and Rest of Middle East and Africa
|
|
Market Players Covered
|
Open Text Corporation (Canada), Cegedim e-business (U.K), Rocket Software, Inc (U.S), True Commerce, Inc (U.S.), THE DESCARTES SYSTEMS GROUP INC (Canada), SPS Commerce (U.S.), In, Comarch SA (Poland) SAP SE, (Germany), and Epicor Software Corporation (U.S.) among others
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis
The global EDI market in automotive is categorized into six notable segments based on offering, type, end user, application, standard, and deployment mode.
- On the basis of offering, the global EDI market in automotive is segmented into solution, and services
In 2024, the solution segment is expected to dominate the global EDI market in automotive
In 2024, the solution segment is expected to dominate the global EDI market in automotive with a 71.20% market share due to lower operational costs compared to traditional method.
- On the basis of deployment mode, the global EDI market in automotive is segmented into on-promise, and cloud
In 2024, the on-promise segment is expected to dominate the global EDI market in automotive
In 2024, the on-promise segment is expected to dominate the global EDI market in automotive with a 64.38% market share due to rising adoption of workflow automation in automotive sector.
- On the basis of type, the global EDI market in automotive is segmented into direct EDI, Value-Added Network (VAN)- enabled EDI, applicability statement 2 (AS2)-enabled EDI, web EDI, mobile EDI, outsourced EDI, and indirect EDI. In 2024, the direct EDI segment is expected to dominate the global EDI market in automotive with a 30.95% market share
- On the basis of standard, the global EDI market in automotive is segmented into ANSI X12, EDIFACT, ODETTEE, VDA, XML, and others. In 2024, the ANSI X12 segment is expected to dominate the global EDI market in automotive with a 39.84% market share
- On the basis of application, the global EDI market in automotive is segmented into production schedules, inventory management, purchase orders, shipping notifications, and others. In 2024, the production schedules segment is expected to dominate the global EDI market in automotive with a 38.08% market share
- On the basis of the end user, the global EDI market in automotive is segmented into manufacturers, logistics providers, suppliers, and distributors and dealerships. In 2024, the manufacturers is expected to dominate the global EDI market in automotive with a 54.63% market share
Major Players
Data Bridge Market Research analyses Open Text Corporation (Canada), Cegedim e-business (U.K), Rocket Software, Inc. (U.S) True Commerce, Inc (U.S.), THE DESCARTES SYSTEMS GROUP INC (Canada) as major market players in this market.
Market Development
- In April 2024, OpenText's customizable Microsoft Dynamics 365 EDI integration provides a flexible solution for seamless integration with any internal or external system, offering rapid deployment, affordability, and scalability. This development benefits OpenText by addressing the challenges of rigid B2B integration solutions, positioning them as a trusted partner with extensive ERP integration experience
- In August 2022, Rocket Software, Inc. has launched Rocket EDX 6, a cloud-managed EDI service, offering reliable, cost-effective solutions. This development enables streamlined integration, reduced ownership costs, and quick onboarding of partners. Rocket Software benefits by providing a secure, on-demand solution, integrating with existing ERPs, and supporting common EDI standards, enhancing their market position
- In May 2024, TrueCommerce Inc, launched a EDI integration with SAP S/4HANA Cloud Public Edition, enabling seamless connectivity for supply chain operations. This direct integration streamlines data exchange, improves visibility, and enhances decision-making. The integration underscores TrueCommerce Inc.’s commitment for providing scalable solutions and positions them as a trusted provider in trading partner connectivity and Omni channel solutions
- In September 2022, TrueCommerce Inc acquired Decentral, expanding its customer base, global network, and expertise in automotive supply chains. This acquisition strengthens True Commerce’s position in international markets and its ability to offer seamless integration solutions, enhancing supply chain visibility and driving growth for businesses worldwide.
In October 2023, TrueCommerce Inc earned eight G2 badges and maintained a top EDI vendor rating of 4.5 out of five stars, confirming its excellence in supply chain and trading partner solutions. With accolades for easiest setup, highest user adoption, and more.These achievements reflect the company's commitment to customer satisfaction and continuous innovation, enhancing supply chain efficiency and driving business growth for its clients
Regional Analysis
Geographically, the countries covered in the global EDI Market in automotive report are China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Turkey, Poland, Belgium, Netherlands, Sweden, Finland, Switzerland, Norway, Denmark, rest of Europe, U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, Israel, U.A.E., Egypt, Kuwait, Oman, Bahrain, Qatar, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate and fastest growing region in the global EDI market in automotive
Asia-Pacific is expected to dominate and fastest growing region in market due to its booming automotive industry, large-scale production, and rapid technological adoption.
For more detailed information about global EDI market in automotive report, click here – https://www.databridgemarketresearch.com/reports/global-edi-market
