Global Demand Planning Software Market Size By Deployment Type, By Small And Medium-Sized Enterprises (SMES), By Retail, By Geographic Scope And Forecast
Report ID: 86572|No. of Pages: 202
Global Demand Planning Software Market Size By Deployment Type, By Small And Medium-Sized Enterprises (SMES), By Retail, By Geographic Scope And Forecast
Demand Planning Software Market Size And Forecast
Demand Planning Software Market size was valued at USD 8.2 Billion in 2023 and is projected to reach USD 15.58 Billion by 2030, growing at a CAGR of 11.5% during the forecast period 2024-2030.
Global Demand Planning Software Market Drivers
The market drivers for the Demand Planning Software Market can be influenced by various factors. These may include:
- Globalisation and the Complexity of Supply Chains: Global corporate expansion leads to increasingly complicated supply chains. Demand planning software gives businesses visibility into demand variations across several locations, which aids in the management and optimisation of their supply chains.
- Growing Significance of Predictive Precision: Accurate demand forecasting is becoming more and more important as competition and customer expectations rise. Demand planning software improves accuracy through the use of forecasting algorithms and advanced analytics, allowing companies to minimise expenses and optimise inventory levels.
- Technological Progress: Demand planning software’s functionality has been enhanced by ongoing technological developments, such as machine learning (ML) and artificial intelligence (AI). Better decision-making, real-time analysis, and more accurate forecasts are made possible by these technologies.
- Growth of E-Commerce: The swift expansion of e-commerce has altered consumer buying patterns and elevated the intricacy of supply chain management. Demand planning software offers real-time analytics and predictions, assisting firms in adapting to the dynamic nature of online retail.
- Intelligence in business and data analytics: Utilising data analytics and business intelligence tools, demand planning software examines past data, spots trends, and derives useful insights. Companies are realising how important it is to make decisions based on data in order to remain competitive.
- Risk management and compliance with regulations: Supply networks now need to manage risk more than ever thanks to stricter regulations. Software for demand planning assists businesses in risk management, regulatory compliance, and ensuring a more responsive and robust supply chain.
- Customer-First Strategy: Businesses are implementing customer-centric initiatives in order to provide a better customer experience. Organisations can increase customer satisfaction by matching production and distribution to consumer requests through the use of demand planning software.
- Cost-Reduction Strategy: Software for demand planning helps minimise surplus inventory, minimise stockouts, and optimise inventory levels. This increases the overall efficiency of the supply chain, which reduces costs.
- Connectivity to Enterprise Resource Planning Systems: ERP (enterprise resource planning) system integration is growing in popularity. This integration makes departmental communication easier, improves data accuracy, and streamlines corporate operations.
- Impact of COVID-19 Pandemic : The COVID-19 pandemic’s interruptions brought attention to the necessity of flexible and durable supply systems. Software for demand planning enables companies to better handle demand swings and adjust to unforeseen obstacles.
Global Demand Planning Software Market Restraints
Several factors can act as restraints or challenges for the Demand Planning Software Market. These may include:
- Cost of Implementation: Demand planning software implementation can be costly, particularly for small and medium-sized businesses. For certain businesses, the upfront costs associated with gear, software licences, and training might be very prohibitive.
- Complexity and Integration Challenges: Demand planning software frequently has to be integrated with other corporate systems, such as CRM and enterprise resource planning (ERP) systems. One potential limitation is the intricacy of integration and the possibility of process interruptions.
- Opposition to Change: Workers may be reluctant to implement new procedures or embrace new technologies. Change-averseness might impede the efficiency of demand planning software implementation and slow down its adoption.
- Accuracy and Quality of Data: The accuracy and quality of the data are critical to the success of demand planning. Incomplete or inaccurate data might result in inaccurate forecasts, which can affect the software’s overall efficacy.
- Restricted IT Resources: Smaller organisations in particular may not have as much IT as larger ones. One major limitation may be the absence of qualified staff or adequate funding for the upkeep and support of the demand planning software.
- Security Concerns: Security concerns can serve as a constraint because demand planning entails handling sensitive corporate data. If companies have doubts about the security precautions implemented, they can be reluctant to implement demand planning software.
- Global Economic Conditions: Market dynamics and consumer behaviour can be impacted by economic uncertainty like recessions or global financial crises. Businesses may be hesitant to make investments in innovative technologies when the economy is unstable.
- Customisation Difficulties: Utilising off-the-shelf demand planning technologies may present challenges in meeting specific corporate objectives. Businesses with specialised or unusual demands may find that their ability to customise software is limited.
- Regulatory Compliance: Strict regulations may exist, and planning software must comply with them, depending on the sector and area. Both software providers and consumers may face difficulties in ensuring compliance with these requirements. Vendor Reliability: The stability and dependability of the software vendors in the market can influence the choice-making process. Businesses can exercise caution when choosing a vendor who does not have a track record of success or stable finances.
Global Demand Planning Software Market Segmentation Analysis
The Global Demand Planning Software Market is Segmented on the basis of Deployment Type, Small And Medium-Sized Enterprises (SMES), Retail, And Geography.
Demand Planning Software Market, By Deployment Type
- On-Premises: Software installed and operated from a client’s in-house server and computing infrastructure.
- Cloud-Based: Software delivered and accessed over the internet, allowing users to access it remotely.
Demand Planning Software Market, By Small And Medium-Sized Enterprises (SMES)
- Small And Medium-Sized Enterprises (SMES): Typically refers to businesses with a smaller number of employees and revenue compared to larger enterprises.
- Large Enterprises: Larger organizations with substantial employee strength and higher revenue.
Demand Planning Software Market, By Retail
- Retail: Demand planning software in the retail sector helps optimize inventory and ensure product availability based on customer demand.
- Manufacturing: Tailored solutions for manufacturers to forecast demand, manage production schedules, and optimize supply chain processes.
- Healthcare: Demand planning tools for healthcare industries to manage and forecast demand for medical supplies, drugs, and equipment.
- Automotive: Solutions designed for the automotive industry to forecast demand for parts and manage production schedules.
Demand Planning Software Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Health Care Credentialing Software Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Demand Planning Software Market are:
- SAP
- Oracle Demantra
- JDA
- Kinaxis
- Anaplan
- Blue Ridge Solutions
- RELEX Solutions
- o9 Solutions
- Logility
- Demand Works
- Infor
- E2open
- GMDH
- QAD
- John Galt Solutions
- DemandCaster
- Avercast
- OM Partners
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | SAP, Oracle Demantra, JDA, Kinaxis, Anaplan, RELEX Solutions, o9 Solutions, Logility, Demand Works |
| Segments Covered | By Deployment Type, By Small And Medium-Sized Enterprises (SMES), By Retail, And By Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Demand Planning Software Market, By Deployment Type
• On-Premises
• Cloud-Based
• Organization Size
5. Demand Planning Software Market, By Small And Medium-Sized Enterprises (SMES)
• Large Enterprises
• Industry Vertical
6. Demand Planning Software Market, By Retail
• Manufacturing
• Healthcare
• Automotive
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• SAP
• Oracle Demantra
• JDA
• Kinaxis
• Anaplan
• Blue Ridge Solutions
• RELEX Solutions
• o9 Solutions
• Logility
• Demand Works
• Infor
• E2open
• GMDH
• QAD
• John Galt Solutions
• DemandCaster
• Avercast
• OM Partners
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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Industry Analysis Matrix
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