Global Demand Planning Solutions Market Is Predicted to Grow Around USD 8.681 Billion By 2030

08-May-2023 | Zion Market Research

The global demand planning solutions market size was valued at around USD 3.62 Billion in 2022 and is predicted to grow to around USD 8.681 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 10.31% between 2023 and 2030.

Global Demand Planning Solutions Market Size

Demand planning solutions are programming applications that assist organizations with determining future interests for their items and administrations. These arrangements utilize progressed calculations and information investigation to break down verifiable deal information, market patterns, and different variables to precisely foresee future interest. Solutions for demand planning help businesses reduce the likelihood of stockouts, excess inventory, and other issues by optimizing their inventory levels, production schedules, and supply chain operations.

They likewise empower organizations to answer rapidly to changes popular, guaranteeing that they can address client issues and keep up with elevated degrees of consumer loyalty. Demand planning solutions are becoming increasingly important for businesses of all sizes and in all industries in light of the increasing complexity of global supply chains and the rising demand for customized goods and services. As a result, it is anticipated that the demand for solutions for demand planning will continue to rise in the coming years.

The global demand planning solutions market is being driven by a number of things, such as the rising demand for customized goods and services, the expanding use of cloud-based solutions, and the growing requirement for precise demand forecasting in order to optimize supply chain operations.

The market offers critical open doors for programming merchants, with organizations of all sizes and enterprises hoping to further develop their interest arranging capacities. These factors create ample opportunities for the demand planning solutions industry. Nonetheless, the market likewise faces a few difficulties, like, the intricacy of coordinating demand planning solutions with other endeavor frameworks, the requirement for trained staff to oversee and utilize these arrangements, and the gamble of erroneous forecasting because of market trends, changing preference of customers, and economic situations.

The global demand planning solutions market is segmented based on deployment, component, enterprise size, end-user, and region.

Based on deployment, the global market is segmented into on-premises and cloud-based. The cloud-based segment held the largest market share in 2022 and is further projected to grow rapidly during the forecast period. This is mainly because, in comparison to on-premises solutions, cloud-based solutions offer a number of advantages, including greater scalability, adaptability, and value. Cloud-based arrangements likewise empower organizations to get to their interest by arranging programming from any place with a web association, making it simpler to team up with remote groups and accomplices. With the rising reception of cloud-based advances across different ventures and the developing pattern towards computerized change, the cloud-based section of the interest arranging arrangements market is supposed to keep on growing before very long.

Based on component, the global market is bifurcated into solutions and services,

Based on enterprise size, the global demand planning solutions industry is segmented into SMEs and large-scale.

Based on end-user, the global market is segmented into automotive, healthcare, IT & telecom, BFSI, manufacturing, food & beverages, and others. The BFSI segment held the largest market share in 2022 and is further projected to grow rapidly during the forecast period. This is because of the rising requirement for precise interest estimating and stock administration in this industry. Companies in the BFSI sector are required to abide by a variety of regulatory requirements regarding financial reporting and inventory management. These businesses are able to reduce costs, increase efficiency, and enhance customer satisfaction thanks to the assistance of demand planning solutions in managing the levels of their inventory and optimizing the operations of their supply chains.

Demand for demand planning solutions in this sector is anticipated to continue growing in the coming years due to the growing adoption of digital technologies and the rising demand for personalized financial products and services.

Based on region, the North American region held the dominating demand planning solutions market share in 2022 and is further projected to grow exponentially during the forecast period. Due to the growing demand for accurate demand forecasting and inventory management as well as the increasing adoption of advanced technologies, North America is a significant demand planning solution market.

A lot of businesses in retail, manufacturing, and healthcare rely on these solutions to improve their supply chain operations and the region is home to several leading software vendors that provide solutions for demand planning. The retail business, specifically, is a critical supporter of the interest arranging arrangements market in North America, driven by the developing pattern towards omnichannel retailing and the requirement for exact interest gauging to oversee stock levels successfully. It is anticipated that the demand for demand planning solutions in North America will continue to rise in the coming years as a result of the rising demand for personalized goods & services and the increasing complexity of global supply chains.

Browse the full “Demand Planning Solutions Market By Deployment (On-Premises And Cloud-Based), By Component (Solutions And Services), By Enterprise Size (SMEs And Large-Scale), By End-User (Automotive, Healthcare, IT & Telecom, BFSI, Manufacturing, Food & Beverages, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030. Report at https://www.zionmarketresearch.com/report/demand-planning-solutions-market

Recent Developments

  • In January 2021, Logility, a supplier of store network enhancement arrangements, reported the arrival of its most recent form of Logility Explorer Arrangements, a cloud-based arrangement that assists organizations with further developing their interest gauging and stock administration capacities. Businesses can generate demand forecasts that are more accurate and optimize inventory levels in order to meet customer demand thanks to the solution's advanced analytics and machine learning capabilities.
  • In February 2021, SAP SE, a leading software provider announced the launch of the most recent version of SAP Integrated Business Planning, a cloud-based solution that enables businesses to integrate demand planning, inventory optimization, and supply chain planning into a single platform. Supply chain operations' efficiency and adaptability are enhanced by the solution's support for collaborative decision-making and real-time visibility into operations.

The global demand planning solutions market is dominated by players such as:

  • DynaSys Solutions
  • SAP SE
  • JDA Software Group Inc.
  • Oracle Corporation
  • JustEnough Software Corporation
  • Anaplan Inc.
  • Vanguard Software Corporation
  • John Galt Solutions Inc.
  • Kinaxis Inc.
  • Slimstock
  • Business Forecast Systems Inc.
  • Logility Inc.
  • RELEX Solutions
  • ToolsGroup
  • Blue Yonder Group Inc.
  • Demand Solutions
  • o9 Solutions Inc.
  • GMDH LLC
  • FuturMaster
  • Deloitte Touche Tohmatsu Limited
  • IBM Corporation
  • HighJump Software Inc.
  • E2open LLC
  • Accelytics Consulting Pvt. Ltd.

The global demand planning solutions market is segmented as follows:

By Deployment

  • On-Premises
  • Cloud-Based

By Component

  • Solutions
  • Services

By Enterprise Size

  • SMEs
  • Large-Scale

By End-User

  • Automotive
  • Healthcare
  • IT & Telecom
  • BFSI
  • Manufacturing
  • Food & Beverages
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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