Market Snapshot:
The global Demand Planning Software market is expected to witness high demand in the forecasted period due to a huge shift from the traditional demand planning systems towards the demand planning software solutions. These solutions help in effectively forecast customer demand. A demand planning software is a computer-based program that helps in driving the demand planning process by integrating historical sales data, relevant business information, and statistical analysis to create long-range estimations of anticipated demand. It helps in improved in-stock availability of all-season ready stock, better vision of variation in demand helps in framing effective marketing strategies, lesser wastage of stock, cohesive and seamless relationship between all tiers of the supply chain, improved productivity of planners across all tiers of the supply chain.
Highlights from Demand Planning Software Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 202 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Players profiled in the report are Oracle (United States), Logility (United States), Infor (United States), SAP America (United States), GAINSystems (United States), JDA Software (United States), Palo Alto Software (United States), Business Forecast Systems (United States), Electronics For Imaging (United States) and Arkieva (United States). Additionally, other players that are part of this comprehensive study are Syncron (Sweden) and John Galt Solutions (United States).
Geographic Breakdown and Segment Analysis
The Global Demand Planning Software market presents a comprehensive analysis of the Demand Planning Software market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Demand Planning Software industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Demand Planning Software market, the Europe has emerged as a crucial market for several Demand Planning Software brands.
Analyst at AMA have segmented the market study of Global Demand Planning Software market by Type, Application and Region.
Influencing Trend:
High Demand From Retailers to Plan Better for Future Inventory and Production and Increasing Demand for Improving Sales Collaboration as well as Budgetary Planning and Forecasting
Market Growth Drivers:
Increasing Demand due to Continous Changing Customer Demands and Changing Consumer Preferences and Expectations
Restraints:
The Technological Complexities Associated with Demand Planning Software
Opportunities:
Growing Demand for Cloud-Based Solutions and Technological Advancement in Demand Planning Softwares
Market Developments Activities:
In September 2023, JDA Software has acquired Demand Management, Inc., a provider of cloud-based demand forecasting and analytics software. The acquisition is expected to strengthen JDA's demand planning capabilities and help customers improve their forecast accuracy and inventory management.
In November 2203, SAP has released a new version of its Demand Forecast and Planning software that is designed to help businesses improve their demand forecasting accuracy and reduce the risk of stockouts. The new version includes a number of new features, such as improved machine learning capabilities and support for new data sources.
The Demand Planning Software market growth is predicted at a rapid rate in the coming years, driven by industries’ improved interest, availability of technology, and all-inclusive participation of industry stakeholders. The key players are expanding their business by using various strategies such as new product development, innovation and mergers, and acquisitions.
Key Target Audience
Software Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others