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Middle East & Africa Electronic Data Interchange (EDI) Market Forecast to 2030
Middle East & Africa Electronic Data Interchange (EDI) Market Forecast to 2030 – Regional Analysis – by Component (Solution, Services), Type (Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI Outsourcing, Others), and Industry (BFSI, Retail and Consumer Goods, Healthcare, IT and Telecommunication, Transportation and Logistics, Others)
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Description
Rising Adoption of EDI Solution with Blockchain Technology Fuels the Middle East & Africa Electronic Data Interchange (EDI) Market.
Blockchain is a revolutionary technology transforming business processes across many industries, from retail to logistics. It is deployed to transform the payment and invoicing industry globally by offering easy access and highly secure solutions for end customers. The growing integration of blockchain technology due to successful proof of concepts across various industries such as IT & telecom, BFSI, transportation, and logistics demands EDI solutions for efficient data interchange. A few blockchain applications consist of high-security applications, data of multiple parties, and tracking of goods from origin to end user. However, according to a few industry experts, blockchain technology cannot replace the B2B transactional methodology; it is suggested to be used as an add-on to EDI for producing a better business outcome instead of replacing the overall EDI solution with blockchain technology. Therefore, with the mounting digitalization of payment as well as invoice processes across diversified businesses, the adoption of blockchain technology is expected to lead to the future growth of the EDI market.
Middle East & Africa Electronic Data Interchange (EDI) Market Overview
The EDI market in the MEA is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The adoption of EDI solutions is predicted to increase with time as the region is robustly focusing on development across several industries such as BFSI, healthcare, and IT. Further, manufacturers are focusing on the latest developments in logistics tracking and labeling technologies, which handle the interchange of a considerable amount of data with trading partners. Additionally, the expansion of the fifth generation-based telecommunication network and implementation of Vision Documents in Saudi Arabia, Qatar, the UAE, and Kuwait are expected to support the Middle East & North Africa EDI market in the coming years. In the Middle East, a few countries such as Saudi Arabia have taken steps to make e-invoicing mandatory. The country has shown its high interest in executing Continuous Transaction Controls (CTC), which includes mandatory e-invoicing. The UAE is another country using EDI solutions in B2B transactions to make it more accurate and faster. In the UAE, the implementation of e-invoicing is governed by Federal Law No. (1) of 2006 On Electronic Commerce and Transactions. The UAE-based companies are looking forward to introducing EDI solutions through a network of supply chain partners to meet legal requirements levied by the UAE legislative bodies. Oman, Kuwait, and Libya are a few countries that have no regulations for EDI solutions in their jurisdiction.
Rising disposable incomes in developing countries of Africa, increasing population, rapid procurement of advanced and innovative electronic solutions, and growing infrastructural development in the Middle East and African countries are anticipated to contribute to the EDI market growth in the coming years. Moreover, these countries are significantly getting involved in various global events, which are leading to the infrastructural development and strengthening of the economy. Thus, all these factors propel the demand for EDI solutions in the MEA.
Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Electronic Data Interchange (EDI) Market Segmentation
The Middle East & Africa electronic data interchange (EDI) market is segmented based on component, type, industry, and country.
Based on component, the Middle East & Africa electronic data interchange (EDI) market is bifurcated into solution and services. The solution segment held a larger Middle East & Africa electronic data interchange (EDI) market share in 2022.
In terms of type, the Middle East & Africa electronic data interchange (EDI) market is categorized into direct EDI, EDI via AS2, EDI via VAN, mobile EDI, web EDI, EDI outsourcing, and others. The EDI via AS2 segment held the largest Middle East & Africa electronic data interchange (EDI) market share in 2022.
By industry, the Middle East & Africa electronic data interchange (EDI) market is segmented into BFSI, retail and consumer goods, healthcare, IT and telecommunication, transportation and logistics, and others. The retail and consumer goods segment held the largest Middle East & Africa electronic data interchange (EDI) market share in 2022.
Based on country, the Middle East & Africa electronic data interchange (EDI) market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa electronic data interchange (EDI) market in 2022.
Cerner Corp, International Business Machines Corp, The Descartes Systems Group Inc, and Comarch SA are some of the leading companies operating in the Middle East & Africa electronic data interchange (EDI) market.
Summary Info
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According to The Research Team’ research, the Middle East & Africa electronic data interchange (EDI) market was valued at US$ 1,994.27 million in 2022 and is expected to reach US$ 3,553.88 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. Increasing adoption of EDI transactions and standards and rising digital transformation across industries are among the critical factors attributed to the Middle East & Africa electronic data interchange (EDI) market expansion.
An electronic data interchange (EDI) document comprises minimum vital data to ensure smooth EDI transactions. The organizations are required to adhere to stringent EDI formatting rules as this help retrieve the document’s relevant information. The EDI document consists of several transaction numbers from the EDI public format. For example, the purchase order (PO) is assigned to the invoice transaction number 810 and the EDI transaction number 850. Thus, the EDI translator obtains an EDI 850 PO document that easily recognizes the order number, items in the order, the company name of the buyer, and the price per item. An efficient EDI transaction enhances the overall data exchange process with seamless automation of B2B workflows and effective integration of the external and internal systems, cloud ecosystems, and applications.
Many governments are authorizing the adoption of EDI solutions in specific countries for receiving and sending data from organizations to trading partners. EDI solution providers offer various solutions with benefits such as compliance features to tackle the complex country regulations and guard against any risk associated with the regulatory compliances that affect “procure to pay” and “order to cash” business processes. The EDI standard formats of a document on which the data interchange depends are managed and efficiently interpreted by computers so that both parties can easily understand it.
Every country has a different set of regulations, and companies are required to stay updated to avoid penalties or fines (also known as chargebacks). Mounting government and industry compliances are associated with the adoption of EDI for automating and streamlining invoices, purchase orders, acknowledgments, tracking, and payment reports.
Various providers are developing EDI systems to deliver a more robust and user-friendly experience. For instance, in July 2023, Jitterbit, Inc. launched its self-managed, cloud-based EDI solution fully integrated into the Jitterbit Harmony platform. With Harmony EDI, users can fully self-serve and self-manage EDI processes. Data is automatically transferred between trading partners (i.e., Amazon.com, Inc., Home Depot, Inc., Lowe’s, and Walmart Inc.) and merchants into the merchant’s Enterprise resource planning (ERP), Customer relationship management (CRM), and shipping systems. Harmony EDI system helps to streamline processes and automate workflows, eliminating the manual processing and approvals of EDI transactions and ensuring the accuracy of information being transmitted between systems. Such developments propel the adoption of the EDI system to automate the workflow process.
On the contrary, emergence of security threats and attacks hampers the growth Middle East & Africa electronic data interchange (EDI) market.
Based on component, the Middle East & Africa electronic data interchange (EDI) market is bifurcated into solution and services. The solution segment held 68.5% share of the Middle East & Africa electronic data interchange (EDI) market in 2022, amassing US$ 1,366.41 million. It is projected to garner US$ 2,574.97 million by 2030 to expand at 8.2% CAGR during 2022–2030.
In terms of type, the Middle East & Africa electronic data interchange (EDI) market is categorized into direct EDI, EDI via AS2, EDI via VAN, mobile EDI, web EDI, EDI outsourcing, and others. The EDI via AS2 segment held 26.6% share of the Middle East & Africa electronic data interchange (EDI) market in 2022, amassing US$ 530.87 million. It is projected to garner US$ 1,044.71 million by 2030 to expand at 8.8% CAGR during 2022–2030.
By end-use industry, the Middle East & Africa electronic data interchange (EDI) market is segmented into BFSI, retail and consumer goods, healthcare, IT and telecommunication, transportation and logistics, and others. The retail and consumer goods segment held 29.4% share of Middle East & Africa electronic data interchange (EDI) market in 2022, amassing US$ 587.28 million. It is projected to garner US$ 927.53 million by 2030 to expand at 5.9% CAGR during 2022–2030.
Based on country, the Middle East & Africa electronic data interchange (EDI) market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The UAE held 36.5% share of Middle East & Africa electronic data interchange (EDI) market in 2022, amassing US$ 728.70 million. It is projected to garner US$ 1,330.08 million by 2030 to expand at 7.8% CAGR during 2022–2030.
Key players operating in the Middle East & Africa electronic data interchange (EDI) market are Cerner Corp, International Business Machines Corp, The Descartes Systems Group Inc, and Comarch SA, among others.
In 2021, With its EDI platform, Comarch allowed the customer to embark on its digital transformation path and thus become more competitive in other markets.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa electronic data interchange (EDI) market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa electronic data interchange (EDI) market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the electronic data interchange (EDI) market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Electronic Data Interchange (EDI) Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. Middle East & Africa Electronic Data Interchange (EDI) Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Adoption of EDI Transactions and Standards
5.1.2 Rising Digital Transformation Across Industries
5.2 Market Restraints
5.2.1 Emergence of Security Threats and Attacks
5.3 Market Opportunities
5.3.1 Growing Adoption of EDI Outsourcing Services
5.4 Future Trends
5.4.1 Rising Adoption of EDI Solution with Blockchain Technology
5.5 Impact of Drivers and Restraints:
6. Electronic Data Interchange (EDI) Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Electronic Data Interchange (EDI) Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Electronic Data Interchange (EDI) Market Forecast and Analysis
7. Middle East & Africa Electronic Data Interchange (EDI) Market Analysis – Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8. Middle East & Africa Electronic Data Interchange (EDI) Market Analysis – Type
8.1 Direct EDI
8.1.1 Overview
8.1.2 Direct EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.2 EDI via AS2
8.2.1 Overview
8.2.2 EDI via AS2 : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.3 EDI via VAN
8.3.1 Overview
8.3.2 EDI via VAN : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.4 Mobile EDI
8.4.1 Overview
8.4.2 Mobile EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.5 Web EDI
8.5.1 Overview
8.5.2 Web EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.6 EDI Outsourcing
8.6.1 Overview
8.6.2 EDI Outsourcing : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9. Middle East & Africa Electronic Data Interchange (EDI) Market Analysis – Industry
9.1 BFSI
9.1.1 Overview
9.1.2 BFSI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9.2 Retail and Consumer Goods
9.2.1 Overview
9.2.2 Retail and Consumer Goods: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9.4 IT and Telecommunication
9.4.1 Overview
9.4.2 IT and Telecommunication : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9.5 Transportation and Logistics
9.5.1 Overview
9.5.2 Transportation and Logistics : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
10. Middle East & Africa Electronic Data Interchange (EDI) Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Electronic Data Interchange (EDI) Market Overview
10.1.2 Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 South Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 South Africa Electronic Data Interchange (EDI) Market Breakdown by Component
10.1.2.1.2 South Africa Electronic Data Interchange (EDI) Market Breakdown by Type
10.1.2.1.3 South Africa Electronic Data Interchange (EDI) Market Breakdown by Industry
10.1.2.2 Saudi Arabia Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Saudi Arabia Electronic Data Interchange (EDI) Market Breakdown by Component
10.1.2.2.2 Saudi Arabia Electronic Data Interchange (EDI) Market Breakdown by Type
10.1.2.2.3 Saudi Arabia Electronic Data Interchange (EDI) Market Breakdown by Industry
10.1.2.3 UAE Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UAE Electronic Data Interchange (EDI) Market Breakdown by Component
10.1.2.3.2 UAE Electronic Data Interchange (EDI) Market Breakdown by Type
10.1.2.3.3 UAE Electronic Data Interchange (EDI) Market Breakdown by Industry
10.1.2.4 Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Breakdown by Component
10.1.2.4.2 Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Breakdown by Type
10.1.2.4.3 Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Breakdown by Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions
12. Company Profiles
12.1 Cerner Corp
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 International Business Machines Corp
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
12.3 The Descartes Systems Group 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 Comarch SA
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
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Electronic Data Interchange (EDI) Market Segmentation
Table 2. Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East and Africa Electronic Data Interchange (EDI) Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 4. South Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 5. South Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 6. South Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 7. Saudi Arabia Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 8. Saudi Arabia Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 9. Saudi Arabia Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. UAE Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 11. UAE Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 12. UAE Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 13. Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 14. Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 15. Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 16. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Electronic Data Interchange (EDI) Market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Electronic Data Interchange (EDI) Market
Figure 3. Middle East & Africa Electronic Data Interchange (EDI) Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Electronic Data Interchange (EDI) Market Revenue (US$ Million), 2022 & 2030
Figure 6. Middle East & Africa Electronic Data Interchange (EDI) Market Share (%) – Component, 2022 and 2030
Figure 7. Solution: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Services : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Electronic Data Interchange (EDI) : Middle East & Africa Electronic Data Interchange (EDI) Market Share (%) – Type, 2022 and 2030
Figure 10. Direct EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. EDI via AS2 : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. EDI via VAN : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Mobile EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Web EDI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. EDI Outsourcing : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Electronic Data Interchange (EDI) : Middle East & Africa Electronic Data Interchange (EDI) Market Share (%) – Industry, 2022 and 2030
Figure 18. BFSI : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Retail and Consumer Goods : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Healthcare : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. IT and Telecommunication : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Transportation and Logistics : Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Others: Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Middle East & Africa Electronic Data Interchange (EDI) Market Revenue, by Key Countries (2022) (US$ Million)
Figure 25. Middle East & Africa Electronic Data Interchange (EDI) Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. South Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Saudi Arabia Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. UAE Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. Rest of Middle East & Africa Electronic Data Interchange (EDI) Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa Electronic Data Interchange (EDI) Market
o Cerner Corp
o Comarch SA
o International Business Machines Corp
o The Descartes Systems Group Inc.
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