Global EDI Market in Automotive, By 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) - Industry Trends and Forecast to 2031.
EDI Market in Automotive Market Analysis and Size
The rising adoption of Electronic Data Interchange (EDI) in the automotive industry for supply chain management, inventory control, and procurement processes has enhanced market growth. The advancement in technology with updated features for seamless, real-time data exchange is also attributed to the growth of the market. Major market players are focusing on developing innovative EDI solutions and securing strategic partnerships to enhance their market presence.
The global EDI in the automotive market is expected to grow in the forecast period due to the increasing number of market participants and the availability of advanced EDI solutions. Along with this, manufacturers are investing in research and development to introduce novel EDI products tailored for the automotive sector. However, the high initial cost of EDI implementation and integration complexities may hinder the growth of the global EDI in the automotive market during the forecast period.
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.
|
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, Cegedim e-business, Rocket Software, Inc, True Commerce, Inc, THE DESCARTES SYSTEMS GROUP INC, SPS Commerce, In, Comarch SA, SAP SE, Epicor Software Corporation, Sintel Automotive Pvt Ltd., EDICOM, Cleo, Axway, EDITEL, Commport Comunications, Meade Willis Inc., DataTrans Solutions, Unify Software Solutions Ltd, Radley, LLC, Hüngsberg GmbH, Effective Data, Edisphere Software Pvt. Ltd., Map, TX2 CONCEPT, and Ecosio among others
|
Market Definition
Electronic Data Interchange (EDI) is a method for exchanging business documents and data between organizations in a standardized electronic format. This system allows for the automated transfer of information such as purchase orders, invoices, shipping notices, and other business transactions, facilitating seamless communication between trading partners. EDI replaces traditional paper-based methods, reducing manual intervention and the potential for errors, and speeding up the transaction process.
EDI operates through specific standards that dictate the format and structure of the exchanged data. These standards, such as ANSI X12 and EDIFACT, ensure that both the sending and receiving systems interpret the information consistently. By adhering to these standards, companies can integrate EDI into their business processes, connecting directly with suppliers, customers, and other stakeholders. The use of EDI enhances efficiency and accuracy, streamlining supply chain operations and improving overall business performance.
Global EDI Market in Automotive Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
- Increasing Need to Streamline Supply Chain Operations
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.
- 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.
Opportunity
Integration of EDI with Emerging Technologies such as Internet of Things (IoT) and Artificial Intelligence (AI)
Internet of Things (IoT) and Artificial Intelligence (AI) presents a significant opportunity for the global EDI market in the automotive industry. IoT enables real-time data collection from connected devices in vehicles and production facilities, enhancing supply chain visibility, shipment tracking, and inventory management. This integration can lead to improved decision-making, cost reduction, and operational efficiency. On the other hand, AI can analyze large volumes of EDI-generated data to provide valuable insights, such as demand forecasting, automated order processing, and production schedule optimization. This integration can result in better customer service, reduced lead times, and enhanced inventory management practices.
Restraint/Challenge
- Potential for Disruptions in Supply Chain due to System Failures or Downtime
The potential for disruptions in the automotive supply chain due to system failures or downtime underscores the importance of leveraging Electronic Data Interchange (EDI). By adopting EDI systems, automotive companies can mitigate these risks by automating communication processes between manufacturers and suppliers. This automation reduces reliance on manual intervention, minimizing the likelihood of errors and delays in the event of system failures or downtime.
In the automotive sector, EDI plays a crucial role in streamlining supply chain operations and enhancing resilience against potential disruptions. By digitizing document exchange processes, EDI ensures real-time communication and data visibility across the entire supply chain network. This enables automotive manufacturers to track inventory levels, manage production schedules, and coordinate with suppliers more efficiently.
Recent 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 April 2023, Axway has acquired AdValvas, bolstering its B2B integration capabilities with expertise in e-invoicing, including support for Peppol and VAT reform in France. This acquisition enhances Axway's solution, ensuring compliance with evolving e-invoicing requirements and solidifying its position as a B2B integration leader
Global EDI Market in Automotive Market Scope
The global EDI market in automotive is categorized into six notable segments based on offering, type, end user, application, standard, and deployment mode.
Offering
- Solution
- Services
On the basis of offering, the market is segmented into solution and services.
Deployment Mode
- On-Premise
- Cloud
On the basis of deployment mode, the market is segmented into 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
- Indirect EDI
On the basis of type, the market 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.
Standard
- ANSI X12
- EDIFACT
- ODETTEE
- VDA
- XML
- Others
On the basis of standard, the market is segmented into ANSI X12, EDIFACT, ODETTEE, VDA, XML, and others.
Application
- Production Schedules
- Inventory Management
- Purchase Orders
- Shipping Notifications
- Others
On the basis of the application, the market is segmented into production schedules, inventory management, purchase orders, shipping notifications and others.
End User
- Manufacturers
- Logistics Providers
- Suppliers
- Distributors and Dealerships
- Others
On the basis of the end user, the market is segmented into manufacturers, logistics providers, suppliers, distribution and dealership, and others.
Global EDI Market in Automotive Country Analysis/Insights
The global EDI market in automotive is categorized into six notable segments based on offering, type, end user, application, standard, and deployment mode.
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.
Asia-Pacific region is expected to dominate the market increasing need to streamline supply chain operations. China is dominating in the Asia-Pacific region lower operational costs compared to traditional method. Germany is dominating in the Europe due to fast growing automotive industry. U.S. is dominating in North America due to rising adoption of workflow automation in automotive sector.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global EDI Market in Automotive Share Analysis
The global EDI market in automotive market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global EDI market in automotive.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of APAC brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global EDI Market in Automotive Share Analysis
The global EDI market in automotive competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, APAC & SEA presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Global EDI Market in Automotive.
Some of the major players operating in the global EDI market in automotive are Open Text Corporation, Cegedim e-business, Rocket Software, Inc, True Commerce, Inc, THE DESCARTES SYSTEMS GROUP INC, SPS Commerce, In, Comarch SA, SAP SE, Epicor Software Corporation, Sintel Automotive Pvt Ltd., EDICOM, Cleo, Axway, EDITEL, Commport Comunications, Meade Willis Inc., DataTrans Solutions, Unify Software Solutions Ltd, Radley, LLC, Hüngsberg GmbH, Effective Data, Edisphere Software Pvt. Ltd., Map, TX2 CONCEPT, and Ecosio among others.
SKU-