Demand Planning and Forecasting Software Market Revenue was valued at USD 2.1 Billion in 2024 and is estimated to reach USD 4.5 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
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The demand planning and forecasting software market is experiencing rapid growth, propelled by technological advancements and evolving market dynamics. In 2024, the market expanded from $4.05 billion to $4.53 billion, marking a compound annual growth rate (CAGR) of 12.0%. Projections suggest continued growth, with expectations to reach $6.93 billion by 2028, reflecting a CAGR of 11.2%. This surge is largely attributed to the globalization of supply chains and the increasing need for sophisticated demand forecasting solutions. citeturn0search0
AI has become a pivotal force in transforming demand planning processes. Companies are leveraging AI to enhance inventory management, optimize supply chains, and improve forecasting accuracy. For instance, QXO appointed Ashwin Rao as its first Chief Artificial Intelligence Officer to spearhead AI-driven strategies aimed at revolutionizing inventory management and demand forecasting in the building products distribution sector. citeturn0news13
Similarly, fashion brands are adopting AI to tackle inventory challenges. AI-driven startups like Autone are providing tools to forecast demand more accurately, helping brands minimize waste and avoid overstocking. These technologies analyze vast datasets to enable data-driven decisions, addressing the fashion industry's inventory crisis exacerbated by unpredictable consumer behavior and global disruptions. citeturn0news14
Integrating weather analytics into demand planning has emerged as a strategic approach to address the impact of climate variability on consumer behavior. Retailers such as Walmart are utilizing weather data to inform inventory planning, advertising localization, and promotional scheduling. By analyzing weather forecasts, Walmart adjusted sunscreen prices anticipating a wet autumn, demonstrating the effectiveness of weather-informed strategies. citeturn0news16
Technological Advancements: Continuous innovations in AI and machine learning are enhancing forecasting accuracy and operational efficiency, driving market growth. citeturn0search0
Strategic Partnerships: Collaborations between demand planning solution providers and AI firms are fostering the development of integrated, intelligent forecasting tools. For example, Demand Driven Technologies partnered with SKU Science to enhance forecasting capabilities within its Intuiflow software. citeturn0search1
Weather-Responsive Strategies: The adoption of weather analytics is becoming crucial for retailers to align inventory and promotions with climate-induced consumer behavior changes. citeturn0news16
As businesses continue to navigate complex market landscapes, the integration of AI and weather analytics into demand planning and forecasting software is proving essential. These technologies offer actionable insights, enabling organizations to anticipate market shifts, optimize inventory, and enhance customer satisfaction. The ongoing evolution in this sector underscores the importance of adopting advanced solutions to maintain a competitive edge in an increasingly unpredictable market environment.
The importance of Demand Planning and Forecasting Software Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Demand Planning and Forecasting Software Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Demand Planning and Forecasting Software Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Demand Planning and Forecasting Software Market:
On-premise, Cloud-based
What are the Applications of Demand Planning and Forecasting Software Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Demand Planning and Forecasting Software Market share In 2024.
Large Enterprises, SMEs
Who is the largest Manufacturers of Demand Planning and Forecasting Software Market worldwide?
SAP, Oracle, Logility, Infor, Kinaxis, Avercast, American Software, Kepi​​on, John Galt Solutions, GAINSystems, JDA Software, Palo Alto Software, Business Forecast Systems, Electronics For Imaging, Algopine, Alloy Technologies, Arkieva
Short Description About Demand Planning and Forecasting Software Market:
The global Demand Planning and Forecasting Software Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Demand Planning and Forecasting Software Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Demand Planning and Forecasting Software Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Demand Planning and Forecasting Software Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Demand Planning and Forecasting Software Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Demand Planning and Forecasting Software Market? What are the upcoming industry applications and trends for the Demand Planning and Forecasting Software Market?
What Are Projections of Global Demand Planning and Forecasting Software Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Demand Planning and Forecasting Software Market? What are the raw materials used for Demand Planning and Forecasting Software Market manufacturing?
How big is the opportunity for the Demand Planning and Forecasting Software Market? How will the increasing adoption of Demand Planning and Forecasting Software Market for mining impact the growth rate of the overall market?
How much is the global Demand Planning and Forecasting Software Market worth? What was the value of the market In 2020?
Who are the major players operating in the Demand Planning and Forecasting Software Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Demand Planning and Forecasting Software Market Industry?
1. Introduction of the Demand Planning and Forecasting Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Demand Planning and Forecasting Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Demand Planning and Forecasting Software Market, By Product
6. Demand Planning and Forecasting Software Market, By Application
7. Demand Planning and Forecasting Software Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Demand Planning and Forecasting Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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