The demand planning solutions market size is expected to see rapid growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The anticipated growth in the forecast period can be ascribed to factors such as the utilization of real-time data and analytics, increasing focus on sustainability and environmental concerns, a heightened demand for integrated planning platforms, and efforts towards optimizing supply chains post-pandemic. Key trends expected in the forecast period encompass the integration with e-commerce platforms, improvements in user experience and intuitive interfaces, dynamic scenario planning, demand planning tailored for omni-channel retail, and the incorporation of predictive analytics.
The growth of the demand planning solutions market is expected to be fueled by the increasing number of business entities in the foreseeable future. Business entities, distinct legal organizations formed for conducting business activities, utilize demand planning solutions to enhance their demand forecasting and planning processes. These solutions contribute to improved forecasting accuracy, optimized inventory management, and enhanced efficiency in the supply chain. As per the United States Census Bureau, in May 2023, the U.S. reported an estimated total of 5.0 million enterprises in 2022, marking a 42 percent increase compared to the previous year. Additionally, NerdWallet reported that by May 2023, 33.2 million small businesses were established in the U.S. by 2022. Consequently, the growing number of business entities is a significant driver of the demand planning solutions market.
The swift growth in digitization is expected to drive the demand planning solutions market forward. Digitization, the conversion of analog information into digital format using discrete numerical values, leverages demand planning solutions to enhance forecasting accuracy, optimize inventory management, and streamline supply chain processes. This integration allows organizations to dynamically respond to market fluctuations, improve customer satisfaction, and achieve operational efficiency through real-time data analysis and predictive analytics. According to data from Augusta Free Press in December 2022, global digital transformation spending reached about $1.85 trillion, reflecting a 16% increase compared to the previous year. Hence, the rapid growth in digitization is a key factor propelling the demand planning solutions market.
The demand planning solutions market is witnessing a prominent trend in technological advancement, with major companies in the sector actively embracing new technologies to maintain their market positions. An example of this is seen in the actions of Zionex Inc., a South Korea-based provider of supply chain planning solutions, which introduced PlanNEL Beta in March 2023. This innovative artificial intelligence (AI)-powered Software as a Service (SaaS) platform focuses on demand forecasting and inventory optimization. Tailored for manufacturing and distribution companies, PlanNEL utilizes various AI techniques, including machine learning, natural language processing, and computer vision, to generate accurate demand forecasts. The platform also incorporates features such as demand-driven replenishment, safety stock optimization, and cycle counting to assist companies in optimizing their inventory levels.
A strategic partnership approach is being adopted by major companies in the demand planning solutions market to effortlessly generate accurate and timely demand planning forecasts. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. In September 2023, Demand Driven Technologies, a US-based supply chain management software company, formed a partnership with SKU Science, a France-based demand planning solutions company. This collaboration aims to enhance businesses' agility and resilience in their supply chains by integrating SKU Science's advanced forecasting capabilities into Demand Driven Technologies' Intuiflow software. This integration facilitates the creation of unified demand plans by incorporating data from various stakeholders and departments, fostering enhanced collaboration across the organization.
In December 2021, Netstock Operating LLC., a US-based developer of supply chain planning software, acquired Demand Works Inc. for an undisclosed amount. With this acquisition, Netstock Operating LLC. sought to broaden its product offering, expand its customer base, reach new geographic markets, access Demand Works' technology, and strengthen its competitiveness in the supply chain management market. Demand Works Inc., a US-based software company, specializes in providing demand planning and supply chain management solutions.
Major companies operating in the demand planning solutions market report are International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Wolters Kluwer N.V., Infor, SAS Institute Inc., Blue Yonder, Manhattan Associates Inc., Coupa Software Inc., Anaplan, e2open LLC, Blue Ridge Solutions Inc., Kinaxis Inc., RELEX Solutions Srl, QAD Inc., OM Partners nv, American Software Inc., Aspire Systems Pvt. Ltd., Maropost Inc., ToolsGroup, Logiwa Technology Inc., FuturMaster, John Galt Solutions Inc., Gain Systems Inc., Arkieva Inc., Alloy Technologies Inc., GMDH Inc., Solvoyo, Business Forecast Systems Inc., Avercast LLC.
North America was the largest region in the demand planning solutions market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the demand planning solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the demand planning solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary components within demand planning solutions are solutions and services. The solution component refers to a specific element or segment of a broader solution, representing a modular or distinct piece that contributes to the overall functionality or effectiveness of the solution. This includes both cloud-based and on-premises deployments, catering to the needs of both small and medium-sized enterprises (SMEs) and large enterprises. The primary end-users span across various industries, including automotive, healthcare, information technology and telecommunications, banking, financial services, and insurance (BFSI), manufacturing, food and beverage, among others.
The demand planning solutions market research report is one of a series of new reports that provides demand planning solutions market statistics, including demand planning solutions industry global market size, regional shares, competitors with a demand planning solutions market share, detailed demand planning solutions market segments, market trends, and opportunities, and any further data you may need to thrive in the demand planning solutions industry. This demand planning solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The demand planning solutions market includes revenues earned by entities by providing services such as implementation and integration, forecasting model development, customization and configuration, process optimization, and consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Demand Planning Solutions Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on demand planning solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for demand planning solutions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Component: Solutions; Services
2) By Deployment: Cloud-based; On-Premise
3) By Enterprise: Small and Medium Sized Enterprises (SMEs); Large Enterprises
4) By End-user: Automotive; Healthcare; IT and Telecom; Banking, Financial Services and Insurance (BFSI); Manufacturing; Food and Beverages; Other End-users
Key Companies Mentioned: International Business Machines Corporation (IBM); Oracle Corporation; SAP SE; Wolters Kluwer N.V.; Infor
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- International Business Machines Corporation (IBM)
- Oracle Corporation
- SAP SE
- Wolters Kluwer N.V.
- Infor
- SAS Institute Inc
- Blue Yonder
- Manhattan Associates Inc.
- Coupa Software Inc
- Anaplan
- e2open LLC
- Blue Ridge Solutions Inc.
- Kinaxis Inc.
- RELEX Solutions Srl
- QAD Inc.
- OM Partners nv
- American Software Inc.
- Aspire Systems Pvt. Ltd.
- Maropost Inc
- ToolsGroup
- Logiwa Technology Inc.
- FuturMaster
- John Galt Solutions Inc.
- Gain Systems Inc.
- Arkieva Inc.
- Alloy Technologies Inc.
- GMDH Inc.
- Solvoyo
- Business Forecast Systems Inc.
- Avercast LLC
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.53 Billion |
Forecasted Market Value ( USD | $ 6.93 Billion |
Compound Annual Growth Rate | 11.2% |
Regions Covered | Global |