Middle East & Africa Electronic Data Interchange Market Forecast to 2031 - Regional Analysis - by Component (Solutions and Services), Type (Direct EDI, EDI via AS2, EDI via VAN, Mobile EDI, Web EDI, EDI Outsourcing, and Others), and Industry (BFSI, Retail

The Middle East & Africa electronic data interchange market was valued at US$ 2,101.55 million in 2023 and is expected to reach US$ 3,892.58 million by 2031; it is estimated to register a CAGR of 8.0% from 2023 to 2031.

Rising Adoption of EDI Solution with Blockchain Technology Bolsters Middle East & Africa Electronic Data Interchange Market

Blockchain is a revolutionary technology transforming business processes across many industries, from retail to logistics. It is deployed to transform the payment and invoice 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 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 & 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 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 Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Electronic Data Interchange Market Segmentation

The Middle East & Africa electronic data interchange market is categorized into component, type, industry, and country.

Based on component, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa electronic data interchange market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa electronic data interchange market share in 2023.

MuleSoft, LLC; Optum 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 Middle East & Africa electronic data interchange market.

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