PUBLISHER: Grand View Research | PRODUCT CODE: 1790192
PUBLISHER: Grand View Research | PRODUCT CODE: 1790192
Demand Planning Solutions Market Summary
The global demand planning solutions market size was estimated at USD 4.81 billion in 2024, and is projected to reach USD 11.71 billion by 2033, growing at a CAGR of 10.4% from 2025 to 2033. Demand forecasting is a part of the supply chain management process that enables a business to customize its production, whether goods or services, by analyzing customer demands.
Growing awareness about the benefits offered by these solutions, including improved customer experience, lowered inventory costs, excess storage costs, and increased efficiency in overall production, is the factor driving the market growth. Also, adopting advanced planning and analytics Solutions and tools among various industries like healthcare, retail, and IT & telecom is anticipated to boost the market growth during the forecast period. Further, the industries mentioned above are adopting solutions to recover from the COVID-19 impact.
Companies are also adopting enterprise analytics platforms to enhance the performance of the supply chain management process. Demand planning solutions help to understand the changing market demands and distribution network issues by analyzing historical data and production capabilities. Furthermore, these solutions offer forecasting by using statistical and mathematical functions, clustering algorithms, ML (Machine Learning) technology, and automated data forecasting techniques. Further, it helps improve customer planning by employing predictive analytics to identify future trends and the resources needed for production planning and achieving revenue targets. For instance, Demand Management Systems (DMS) announced to upgrade to the recent version of the Logility digital supply chain platform used by the client, PharmaCare Laboratories.
However, businesses using demand planning tools deal with security and privacy concerns. Companies hold sensitive information that must be protected to prevent theft and data breaches that could damage their market standing. Data from businesses may be exposed online and accessible to unauthorized individuals, which is an increasing risk. Due to this, concerns regarding security and privacy among enterprises are increasing, which is anticipated to restrain the market expansion during the forecast period.
The increasing need for real-time data analytics and predictive forecasting across industries is significantly driving the demand planning solutions industry. With supply chains becoming more complex and customer expectations growing rapidly, businesses are turning to advanced demand planning tools to enhance visibility, reduce stockouts, and optimize inventory levels. The integration of artificial intelligence (AI), machine learning (ML), and cloud-based architectures is enabling companies to process large datasets with greater accuracy and agility.
Global Demand Planning Solutions Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global Demand Planning Solutions Market report based on component, deployment, enterprise size, industry, and region.