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What Is The Leading Driver Behind Surge In Business Entities Boosts Demand For Demand Planning Solutions Market Market Expansion in 2025
Demand Planning Solutions
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What Will the Demand Planning Solutions Industry Market Size Be by 2025?_x000D_
Recently, the market size for demand planning solutions has witnessed substantial growth. Predicted to advance from $4.43 billion in 2024 to $4.86 billion in 2025, it's set to increase at a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this growth during the historical period include the globalization of supply chains, boosting product variability, evolving market conditions and competitive pressures, the surge in e-commerce, and regulatory compliance demands._x000D_
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What's the Long-Term Growth Forecast for the Demand Planning Solutions Market Size Through 2029?_x000D_
The market size for demand planning solutions is projected to witness swift expansion in the coming years. It is expected to surge to $7.79 billion by 2029, with a compound annual growth rate (CAGR) of 12.5%. Factors like real-time data and analytics, attention towards sustainability and the environment, the need for unified planning platforms, and optimization of supply chains after the pandemic can justify the growth during the forecast period. Some major trends to look out for during this time are the merging with e-commerce platforms, better user experiences and intuitive interfaces, dynamic scenario planning, demand planning for omni-channel retailing, and the incorporation of predictive analytics._x000D_
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What Are the Key Growth Drivers Fueling the Demand Planning Solutions Market Expansion?_x000D_
The surge in the count of commercial organizations is likely to stimulate the growth of the demand planning solutions market in the future. Commercial organizations encompass officially acknowledged groups created for performing activities related to commerce. These entities are autonomous and diverse from their proprietors and bear legal privileges and obligations. Demand planning solutions are employed by these business entities to enhance their demand prediction and planning processes in multiple ways. These solutions augment prediction precision, streamline inventory administration, and boost supply chain effectiveness. Hence, these elements encourage the need for planning solutions in the market. For example, as per the United States Census Bureau, a government agency based in the US, in May 2023, a total of 5.0 million enterprises were projected in the US in 2022, marking an elevation by 42 percent in comparison to the preceding year. Subsequently, as per a US-based finance company, NerdWallet, in May 2023, the US saw the emergence of 33.2 million small businesses by 2022. Consequently, the mounting number of commercial organizations is fueling the growth of the demand planning solutions market._x000D_
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What Are the Key Trends Driving Demand Planning Solutions Market Growth?_x000D_
The progression of technology is a significant trend that's gaining momentum in the demand planning solutions market. Leaders in this market are embracing novel technologies to maintain their market stance. For instance, Zionex Inc., a firm based in South Korea that specializes in supply chain planning solutions, unveiled the PlanNEL Beta in March 2023. This is a groundbreaking AI-enabled SaaS platform intended for demand forecasting and optimizing inventory levels. It has been created to assist manufacturing and distribution enterprises in enhancing their supply chain efficiency through precise demand forecasts and optimal inventory stock. PlanNEL harnesses an array of AI methodologies, including machine learning, natural language processing, and computer vision, to churn out demand forecasts. Furthermore, it incorporates features to aid companies in optimizing their inventory stocks, with options like demand-driven replenishment, safety stock optimization, and cycle counting._x000D_
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How Is the Demand Planning Solutions Market Segmented?_x000D_
The demand planning solutionsmarket covered in this report is segmented - _x000D_
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1) By Component: Solutions, Services_x000D_
2) By Deployment: Cloud-Based, On-Premise_x000D_
3) By Enterprise: Small And Medium Sized Enterprises (SMEs), Large Enterprises_x000D_
4) By End User: Automotive, Healthcare, IT And Telecom, Banking, Financial Services And Insurance (BFSI), Manufacturing, Food And Beverages, Other End Users_x000D_
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Subsegments:_x000D_
1) By Solutions: Software (Cloud-Based, On-Premises), Demand Forecasting Tools, Inventory Management Tools, Analytics And Reporting Tools _x000D_
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services _x000D_
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Which Companies Are Leading the Charge in Demand Planning Solutions Market Innovation?_x000D_
Major companies operating in the demand planning solutions market include International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Wolters Kluwer N.V., Infor, SAS Institute Inc., Blue Yonder, Manhattan Associates Inc., Coupa Software Inc., Anaplan, e2open LLC, Blue Ridge Solutions Inc., Kinaxis Inc., RELEX Solutions Srl, QAD Inc., OM Partners nv, American Software Inc., Aspire Systems Pvt. Ltd., Maropost Inc., ToolsGroup, Logiwa Technology Inc., FuturMaster, John Galt Solutions Inc., Gain Systems Inc., Arkieva Inc., Alloy Technologies Inc., GMDH Inc., Solvoyo, Business Forecast Systems Inc., Avercast LLC _x000D_
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Which Regions Are Leading the Global Demand Planning Solutions Market in Revenue?_x000D_
North America was the largest region in the demand planning solutions market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the demand planning solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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