South & Central America Electronic Data Interchange Market

The South & Central America electronic data interchange market was valued at US$ 713.75 million in 2023 and is expected to reach US$ 1,217.80 million by 2031; it is estimated to register a CAGR of 6.9% from 2023 to 2031.

Growing Adoption of EDI Outsourcing Services Fuels South & Central America Electronic Data Interchange Market

The outsourcing of the EDI program is done via managed services by managing and implementing an EDI platform for a third-party provider. Outsourcing necessitates the organizations to access a wide range of abilities and capital investment of the hardware and software. Several companies are actively focusing on integrating EDI with their back-office systems, including an ERP system that helps achieve the demand for internal resources. Furthermore, the adoption of the managed services approach to EDI has become popular among organizations. The implementation of EDI outsourcing is more engaging than outsourcing across other areas of the IT industry. The significant aim of EDI outsourcing is to reduce the cost of investing in infrastructure by ensuring access to the right level of skills for delivering services to the customer. The implementation of EDI outsourcing offers various benefits such as providing access to the latest technology, getting connected with the external systems, and providing access to the value-added services to permit the user to trade globally. EDI enhances business agility by allowing users to quickly enter new markets and boost business productivity by supplying further and advanced information related to performance, the supply chain, and the business partners. Therefore, the growing demand for EDI outsourcing services is expected to create an opportunity for the growth of the electronic data interchange (EDI) market.

South & Central America Electronic Data Interchange Market Overview

The EDI market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. As per GSMA, it is estimated that 75% of the region’s population would subscribe to mobile services by 2025. Pertaining to the growing IT industry, retail, and logistics industries in countries such as Brazil, Argentina, and Chile, the integration of EDI is projected to grow significantly. Factors such as better internet access facilities will likely boost EDI solutions and services adoption in the countries above. The national and state tax authorities increasingly use consolidated models, technology integration, and favorable legislation to enhance their fiscal models. These models are increasingly adopted in countries such as Colombia and Costa Rica. In addition, the advantages offered by EDI solutions, such as reduced costs, improved business management, prevention of tax fraud/evasion, and efficient monitoring of financial transactions, are further driving the adoption of EDI software in B2B, B2C, and B2G transactions in various SAM countries. Hence, the growth of e-invoicing in SAM is driven by public sector initiatives.

South & Central America Electronic Data Interchange Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Electronic Data Interchange Strategic Insights

Strategic insights for South & Central America Electronic Data Interchange involve closely monitoring industry trends, consumer behaviours, and competitor actions to identify opportunities for growth. By leveraging data analytics, businesses can anticipate market shifts and make informed decisions that align with evolving customer needs. Understanding these dynamics helps companies adjust their strategies proactively, enhance customer engagement, and strengthen their competitive edge. Building strong relationships with stakeholders and staying agile in response to changes ensures long-term success in any market.

South & Central America Electronic Data Interchange Report Scope

South & Central America Electronic Data Interchange Regional Insights

The regional scope of South & Central America Electronic Data Interchange refers to the geographical area in which a business operates and competes. Understanding regional nuances, such as local consumer preferences, economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved regions or adapting their offerings to meet regional demands. A clear regional focus allows for more effective resource allocation, targeted marketing, and better positioning against local competitors, ultimately driving growth in those specific areas.

South & Central America Electronic Data Interchange Market Segmentation 

The South & Central America electronic data interchange market is categorized into component, type, industry, and country.

Based on component, the South & Central America electronic data interchange market is bifurcated into solutions and services. The solutions segment held a larger market share in 2023.

In terms of type, the South & Central America electronic data interchange 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 market share in 2023.

By industry, the South & Central America electronic data interchange market is segmented into BFSI, retail & consumer goods, healthcare, IT & telecommunication, transportation & logistics, and others. The retail & consumer goods segment held the largest market share in 2023.

By country, the South & Central America electronic data interchange market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America electronic data interchange market share in 2023.

MuleSoft, LLC; Optum Inc; SPS Commerce Inc; TrueCommerce Inc; Cerner Corp; International Business Machines Corp; Boomi, Inc; GoAnywhere MFT; The Descartes Systems Group Inc; Crossinx GmbH; EDICOM; Comarch SA; and InterTrade Systems, Inc. are some of the leading companies operating in the South & Central America electronic data interchange market.