Research Nester released a report titled “Demand Planning Software Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global demand planning software market in terms of market segmentation by deployment, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global demand planning software market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030 on account of the growing developments in demand planning software technology and the high priority to lessen business expenditures and increase profitability. Along with this, rapid surge in demand for the software by consumers can be ascribed to the rise in disposable income of the population in middle-income regions, which in turn is projected to contribute majorly to the market growth in the near future.
As per the analysis of the European Commission, the total expenditure by the middle-class people in the world is expected to increase from USD 37 trillion in 2017 to USD 64 trillion by 2030, accounting for about one-third of the global GDP growth.
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The market is segmented by deployment into on premise and cloud-based. Among these segments, the cloud-based segment is anticipated to hold the largest share by the end of the forecast period on the back of increasing deployment of cloud services by businesses globally. Additionally, on the basis of end-user, the retail segment is expected to grow significantly owing to the increasing need to raise the pace of product delivery to the customer while maintaining targeted profitability amidst the constantly changing market situations.
On the basis of region, the global demand planning software market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period owing to the growing awareness about demand planning software technologies and government initiatives to encourage the shift towards digital technologies in the region. Moreover, North America is anticipated to hold the largest share over the forecast period, which can be attributed to the presence of the leading market players in the region, accompanied by the early adoption of demand management software technology.
Rise in Developments in Demand Planning Software Technology and Growing Need to Lower Business Expenditures Worldwide to Drive Market Growth
The technological advancements in demand planning software technology such as the integration of artificial intelligence techniques and machine learning is estimated to contribute significantly to the market growth ascribing to its ease of use and accuracy of forecasts. This is also projected to lessen business expenditures and increase profitability, which in turn is expected to boost the market growth in upcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, limited awareness about the software in low and middle economies and the high costs for deploying demand planning software are some of the factors that are evaluated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global demand planning software market which includes company profiling of Blue Ridge, Oracle Corporation, American Software, Inc., Infor, NETSTOCK Operations Limited, SAP Group, GAINSystems, Inc., Blue Yonder Group, Inc., StockIQ Technologies, Inc, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global demand planning software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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