he Demand Planning Solutions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Demand Planning Solutions Global Market Report 2024, The demand planning solutions market size has grown rapidly in recent years. It will grow from $4.05 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to globalization of supply chains, increased product variability, market dynamics and competitive pressures, e-commerce growth, regulatory compliance requirements..
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 growth in the forecast period can be attributed to real-time data and analytics, sustainability and environmental concerns, demand for integrated planning platforms, post-pandemic supply chain optimization.. Major trends in the forecast period include integration with e-commerce platforms, enhanced user experience and intuitive interfaces, dynamic scenario planning, demand planning for omni-channel retail, integration of predictive analytics..
The increasing number of business entities is expected to propel the growth of the demand planning solutions market going forward. Business entities refer to legally recognized organizations that are formed to conduct business activities. They are separate and distinct from their owners and have legal rights and responsibilities. Demand planning solutions are used by business entities in various ways to improve their demand forecasting and planning processes. They improve forecasting accuracy, optimize inventory management, and enhance supply chain efficiency. So, these factors boost the demand for the planning solutions market. For instance, in May 2023, according to the United States Census Bureau, a US-based government agency, in 2022, the US estimated a total of 5.0 million enterprises, which is a 42 percent increase when compared to the previous year. Furthermore, in May 2023, according to NerdWallet, a US-based finance company, 33.2 million small businesses were introduced in the US by 2022. Therefore, the increasing number of business entities is driving the growth of the demand planning solutions market.
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The demand planning solutions market covered in this report is segmented –
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
Technological advancement is a key trend gaining popularity in the demand planning solutions market. Major companies operating in the demand planning solutions market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Zionex Inc., a South Korea-based provider of supply chain planning solutions, launched PlanNEL Beta. It is an innovative artificial intelligence (AI)-powered SaaS platform for demand forecasting and inventory optimization. It is designed to help manufacturing and distribution companies improve their supply chain performance by providing accurate demand forecasts and optimal inventory levels. PlanNEL uses a variety of AI techniques to generate demand forecasts, including machine learning, natural language processing, and computer vision. Additionally, it also includes some features to help companies optimize their inventory levels, such as demand-driven replenishment, safety stock optimization, and cycle counting.
The demand planning solutions market report table of contents includes:
1. Executive Summary
2.Demand Planning Solutions Market Characteristics
3.Demand Planning Solutions Market Trends And Strategies
4.Demand Planning Solutions market analysis
5.Demand Planning Solutions Market Size And Growth
6.Demand Planning Solutions Segmentation
7.Demand Planning Solutions Regional And Country Analysis
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27.Demand Planning Solutions Competitive Landscape And Company Profiles
28.Demand Planning Solutions Key Mergers And Acquisitions
29.Demand Planning Solutions Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- International Business Machines Corporation (IBM)
- Oracle Corporation
- SAP SE
- Wolters Kluwer N.V.
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