Transparency Market Research delivers key insights on the global demand planning solutions market. In terms of revenue, the global demand planning solutions market was valued at ~US$ 3 Bn in 2019 and is expected to expand at a CAGR of ~16% from 2020 to 2030. The market is expected to cross US$ 14.5 Bn by the end of the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global demand planning solutions market.
According to the report, the global demand planning solutions market will continue to be influenced by a range of macroeconomic and industry-specific factors. The demand for hardware and software-based business solutions has been affected by the increasing lockdown situation due to COVID-19. Hence, the demand for commercial demand planning solutions is expected to decrease with the low return on investment among different industries and high adoption of work from home models across all companies.
Demand Planning Solutions Market: Dynamics
Manufacturing industries are increasingly demanding planning platforms and enterprise analytics platforms to enhance the performance of the supply chain management process. Companies are adopting demand planning solutions to understand changing market demands, production capabilities, and distribution network issues by analyzing previous data. Demand planning solutions offer demand forecasting by using clustering algorithms, statistical and mathematical functions, machine learning technology, and automated data forecasting techniques.
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Demand planning solutions help to enhance customer planning by using the predictive analytics process to understand future trends and resource requirements for production planning and revenue targets. Demand planning is majorly used in supply chain management and operation to maintain the demand and supply of the products according to changing demands of customers. The increasing adoption of advanced planning and analytics software and tools among different industries is expected to drive the demand for demand planning solutions during the forecast period.
Enterprises are seeking demand planning solutions to improve promotion planning collaboration and accuracy with flexible promotional modeling. It also helps companies to track the return of investment against ineffective promotions. Demand planning solutions help to manage product lifecycle stages in real-time that helps to maintain the product and supply chain of specific products.
Companies are using planning and forecasting platforms to maintain the production and supply of the products during their seasonal demand. Companies are launching new products to fulfill customer demand by analyzing the changing customer behavior and increasing demand for new features and products from customers. The demand planning solution helps to predict future trends and required changes in the product by analyzing previous data and current supply chain records. Thus, increasing demand for product portfolio management and new product launch planning platforms is likely to help boost the market growth of demand planning solutions during the forecast period.
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Demand Planning Solutions Market: Prominent Regions
The demand planning solutions market in North America is expected to expand during the forecast period, owing to presence of key market players, technological advancements, and growth of consumer spending in business solutions in the region. The demand planning solutions market in Europe is projected to witness favorable growth during the forecast period, due to significant rise in industrial investment in demand planning solutions and increasing number of demand planning solutions providers in major region. Asia Pacific will continue to be at the forefront of global demand with the increasing demand for demand planning solutions in the region, which is expected to grow at a higher rate throughout the forecast period.
Demand Planning Solutions Market: Key Players
Key players operating in the global demand planning solutions market include Alloy Technologies, Inc., Aspire Systems, Avercast, LLC., Blue Ridge Solutions Inc., Business Forecast Systems, Inc., Cognizant Technology Solutions Corp, Demand Works Company, Demantra (Oracle Corporation), GAINSystems, Inc., GMDH, LLC., International Business Machines Corporation, John Galt Solutions, Inc., Logility, Inc., MRPeasy, NETSTOCK Operations limited, RELEX Oy, SAP SE, and Syncron AB.
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