Demand Planning Solutions Market Worth $8.68 Billion By 2030

Demand Planning Solutions Market Growth & Trends

The global demand planning solutions market size is anticipated to reach USD 8.68 billion by 2030, registering a CAGR of 10.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Demand planning software provides businesses with forecasting solutions for a product or service, helping them prepare for future customer demand. Demand planning tools are used by businesses to organize and control their future inventories and production. By anticipating their long-term requirements, these solutions aid companies in providing for their clients. Predictive analysis is a significant component of demand planning systems, frequently included in supply chain management solutions. Demand planning tools use machine learning algorithms to improve forecasts by analyzing past data.

Demand planning solutions have become a significant component of supply chain management, and as technology develops, people across the globe are increasingly adopting these solutions. Demand sensing and forecasting based on market trends, growing market landscape, and delivery of products are some of the significant areas within an enterprise addressed by demand planning solutions. These factors will propel the market's growth during the forecast period. Additionally, as more businesses focus on reducing production and delivery delays and managing inventory surpluses, the demand for these solutions has been steadily increasing. Further, the pricing and promotion analysis solution uses ML (Machine Learning) algorithms and price elasticity models to create promotion-influenced forecasts. Pricing and promotion analysis will benefit the companies by providing a systematic way to product price change and accurately predict the revenue.

Demand planning solutions play a significant role in addressing the several challenges related to the quality of customer service, supplier relationships, and demand forecasting. This factor is anticipated to accelerate the demand for these solutions during the forecast period. Industry sectors, including healthcare, BFSI, automotive, retail & e-Commerce, and food & beverages, increasingly use demand planning solutions. Further, in coming years, the demand planning solutions market is projected to have significant expansion due to advancements in software technology and the rising need for support, maintenance, integration, and advisory services.

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Demand Planning Solutions Market Report Highlights

• The major factors driving the market growth include increasing demand and usage of demand planning software and services by various enterprises and industries to effectively analyze data generated in the business and forecast future demands is expected to propel market growth

• The solutions segment is further classified into demand planning and optimization, demand sensing, and forecasting, pricing and promotion analysis, and others. Others include new product demand forecasting, supply chain optimization, trade promotion optimization, life cycle management, and demand monitoring. Demand planning and optimization is anticipated to attain the fastest CAGR registering 11.3% during the forecast period

• The cloud-based software model is anticipated to gain significant demand planning solutions market share over the projected period. The benefits of cloud-integrated demand planning include real-time integration and lower total cost of ownership (TCO). Demand planning hosted on the cloud eases lowers the burden on IT management and any related expenses, such as the cost of updates, patches, and general management in any form.

• The small and medium-sized enterprises segment is anticipated to gain significant demand planning solutions market share during the period. Most of the SMEs are adopting demand planning solutions to forecast the demand trends and recover from COVID-19.

• The Asia Pacific is anticipated to witness the fastest growth owing increase in the number of enterprises resulting in the growing adoption of demand planning solutions for demand forecasting is the major factor responsible for the market growth in the region. For instance, according to India Brand Equity Foundation, in India, the number of Micro Small and Medium Enterprises (MSMEs) increased by 18.5% CAGR from the year 2019 to 2020. Also, in India, the companies are grown by 26% from 2020 to 2022.

Demand Planning Solutions Market Segmentation

Grand View Research has segmented the demand planning solutions market based on component, deployment, enterprise size, industry, and region:

Demand Planning Solutions Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solutions

  • Demand Planning and Optimization

  • Demand Sensing and Forecasting

  • Pricing and Promotion Analysis

  • Others

• Services

  • Professional Services

  • Managed Services

Demand Planning Solutions Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premises

• Cloud-based

Demand Planning Solutions Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small and Medium Sized Enterprises (SMEs)

• Large Enterprises

Demand Planning Solutions Industry Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• IT & Telecom

• Healthcare

• Retail & E-commerce

• Automotive

• Food & Beverages

• Manufacturing

• Others

Demand Planning Solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • India

  • Japan

• South America

  • Brazil

• Middle East & Africa

List of Key Players in Demand Planning Solutions Market

• Aspire Systems

• Blue Ridge Solutions Inc.

• Cognizant Technology Solutions

• Demantra (Oracle Corporation)

• IBM

• Logility, Inc.

• RELEX Oy

• NETSTOCK 

• SAP SE

• Syncron AB

• Infor

• Kinaxis