europe electronic data interchange (edi) Market

The electronic data interchange (EDI) market in Europe is expected to grow from US$ 6084.0million in 2019 to US$ 13,326.9million by 2027; it is estimated to grow at a CAGR of 10.8% from 2020 to 2027.

In Europe, the adoption of electronic and digital processes/solutions is quite high among businesses, and governments in various countries contribute huge share to the total adoption of EDIs. The wide market fragmentation and high cross-border trade between European countries are among the factors driving the demand for efficient invoicing solutions.

The solution segment led the Europe electronic data interchange marketbased on componentin 2019. EDI solutions are used in a broad range of large and small to mid-sized enterprises in a multiple sectors across Europe,for interchanging commercial documents .

The overall Europeelectronic data interchange market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europeelectronic data interchange market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe electronic data interchange market. Mulesoft, LLC; SPS Commerce, Inc.; TrueCommerce Inc.; IBM Corporation; Cleo; Descartes Systems Group Inc.; Data Masons Software LLC; Crossinx GmbH; EDICOM; and Comarch SAare among the major players in the market in this region.
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