The Latin America, Middle East and Africa Electronic Data Interchange (EDI) Software Market would witness market growth of 13.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Electronic Data Interchange (EDI) Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $175.1 million by 2031. The Argentina market is showcasing a CAGR of 14.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 12.7% during (2024 - 2031).
The electronic data interchange (EDI) software market refers to the industry that provides software solutions enabling organizations to exchange business documents electronically in a standardized format. EDI enables the automated generation and transmission of purchase orders to suppliers, reducing manual entry errors and speeding up the procurement cycle.
Additionally, EDI software facilitates better vendor management by allowing companies to assess supplier performance based on timely deliveries and compliance with order specifications. EDI provides real-time visibility into shipments and inventory levels, allowing businesses to monitor supply chain performance and react quickly to disruptions. EDI fosters better collaboration between trading partners by providing a platform for sharing essential supply chain information securely.
The expansion of the retail sector in Brazil is significantly impacting the growth of the electronic data interchange (EDI) software market. According to the Brazilian government, retail trade sales showed a positive trend, with a seasonally adjusted increase of 1.0% in January 2024 compared to December. This follows a robust 2.8% rise in the previous month. The quarterly moving average also reflects growth, with a 0.7% increase in the quarter ending in February. Notably, retail trade sales surged 8.2% in the unadjusted series from February 2023, marking the ninth consecutive month of growth. This upward trajectory underscores the vitality of the retail sector and highlights the increasing complexity of operations that necessitate efficient data management solutions like EDI.
Free Valuable Insights: The Worldwide Electronic Data Interchange (EDI) Software Market is Projected to reach USD 9.0 Billion by 2031, at a CAGR of 12.2%
Based on Deployment, the market is segmented into Cloud and On-Premises. Based on Industry, the market is segmented into Retail, Healthcare, Automotive, High-Tech/Manufacturing, Financial Services, Logistics, and Other Industry. Based on Type, the market is segmented into Outsourcing, In-house, and Hybrid. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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