ALBANY, N.Y, Dec. 3, 2020 /PRNewswire/ -- A wide range of industry verticals including healthcare, hospitality, automotive, retail, e-Commerce, BFSI, and food and beverages are harnessing the capabilities of demand planning solutions for various stages of product development and supply chain. The gains that accrue include improved synchronization, reduce inventory investment, better cash flow, and boost customer satisfaction.
The growing role of predictive analytics in understanding resource management and planning revenue targets is key to the increasing penetration of demand planning solutions market. The supply chain disruptions caused by novel COVID-19 pandemic has up the ante for stakeholders to have access to cutting-edge solutions, opine analysts at TMR. This is because the pandemic has severely constrained the supply and logistic chain of companies across industries.
The analysts at TMR project the demand planning solutions market to clock impressive CAGR of ~16% from 2020 to 2030, and surpass a valuation of US$ 14.5 Bn by the period-end.
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Key Findings of Demand Planning Solutions Market Report
- Opportunities in North America have been rising at promising pace
- Europe is also a promising market and is expected to rise at impressive growth rate
- Asia Pacific is expected to remain at the key focus for consumers and solution providers
- In 2019 the demand planning solutions market stood at ~US$ 3 Bn
- Trade promotion planning, and product portfolio management are promising application areas
Explore 238 pages of top-notch research, incisive insights, and detailed country-level projections on Demand Planning Solutions Market (Component: Software/Platform and Services [Professional and Managed]; Deployment: On-premise and Cloud-based; Enterprise Size: Small & Medium Enterprises and Large Enterprises; and Industry: BFSI, IT & Telecom, Healthcare, Retail & e-Commerce, Automotive, Food & Beverages, Manufacturing, Hospitality, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/demand-planning-solutions-market.html
Demand Planning Solutions Market: Key Driving Factors and Promising Avenues
- The relevance of planning and forecasting platforms is steadily growing across companies of different industries for maintaining the production and supply of products.
- The demand for product portfolio management is boosting the business propositions in the demand planning solutions market. The benefits of managing product lifecycle stages in real-time during seasonal demand is made possible by the array of demand forecasting solutions.
- The growing adoption of flexible promotional modeling is boosting the market.
- In this dynamically changing business landscape, consumer behavior has to be closely tracked before product development. This is boosting the prospects in the demand planning solutions market. The forecasting methods help understand the demand for new features.
- Over the years, the capabilities of solutions have increased as machine learning technologies, and automated technique are integrated.
Demand Planning Solutions Market: Key Impediments
Despite the high capabilities of real-time demand forecasting, small and medium-scale enterprises lack budget to gain access to contemporary solutions, impeding the expansion of the demand planning solutions market. Also, when not all features of the platforms are used, this sometimes give wrong or incomplete results, creating negative criticism among prospective buyers. This is mainly due to the lack of awareness and lack of expertise.
Analyze global demand planning solutions market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Demand Planning Solutions Market: Regional Landscape
North America has been a prominent market. The presence of numerous top players and the early adopters are key to growth avenues in the regional market. Asia Pacific is a promising regional market and will continue to present lucrative revenue streams in the coming years as well. The regional market is expected to clock at a higher CAGR during 2020 – 2030.
Key Participants in Demand Planning Solutions Market
Providers are increasingly leaning on aiming at better customer experience and satisfactions to stay ahead of their peers and competitors in the demand planning solutions market. Some of the key participants are SAP SE, RELEX Oy, International Business Machines Corporation, GAINSystems, Inc., Demand Works Company, Blue Ridge Solutions Inc., Aspire Systems, and Cognizant Technology Solutions Corp.
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Global Demand Planning Solutions Market: Segmentation
Demand Planning Solutions Market, by Component
- Integration & Consulting
- Support & Maintenance
Demand Planning Solutions Market, by Deployment
Demand Planning Solutions Market, by Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
Demand Planning Solutions Market, by Industry
- IT & Telecom
- Retail & e-Commerce
- Food & Beverages
- Others (Education, Media & Entertainment, etc.)
Demand Planning Solutions Market, by Region
- North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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