EDI, The Grandfather of B2B, Set to Continue to Drive Commerce Value in Europe Between 2002 and 2006, Says IDC
AMSTERDAM – NOVEMBER 11, 2002 – Even though EDI is a mature technology that has been in use for over 20 years, the market will continue to grow in Europe at more than 15% over the next five years, amounting to euro809.9 billion in 2006. The total value of goods purchased by EDI commerce in Europe in 2002 will amount to euro712 billion, according to a recent study by IDC.
Traditional EDI will remain a steady driver of EDI commerce value, growing from euro599.9 billion in 2001 to euro809.9 billion in 2006. "Adjacent to this development the traditional EDI trading backbone is functioning as a fundamental access point for healthy growth in commerce value based on Internet EDI over the forecast period," said Rogier Mol, Research Analyst for IDC's European B2B Strategies service. "Far from succumbing to the slow death many predicted, EDI in conjunction with ecommerce and emerging technologies is still in the process of changing the speed and cost of doing business."
The continued major role of traditional EDI in key industries across Europe will shape the competitive landscape of ebusiness for the next five years. The requirement to leverage existing investments will result in Internet EDI becoming the preferred business interaction method for SMBs because of relatively low cost and high reliability.
The study, EDI Commerce, Driving Value in Europe: European EDI Commerce Value Forecast and Analysis, 2002-2006 (IDC #BM05J), offers an up-to-date overview of the current state and development of the EDI commerce landscape in Europe. It includes commerce value forecasts for both traditional and Internet EDI as well as key trends, drivers, inhibitors, and the role EDI currently plays in and adjacent to B2B ecommerce. The study is available to purchase at www.idc.com.
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.