Demand Planning Software Market Size

Demand Planning Software Market size was valued at USD 8.05 billion in 2023 and is set to cross USD 32.38 billion by 2036, registering more than 11.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of demand planning software is evaluated at USD 8.78 billion. The increasing developments in demand planning software technology, along with the rising need to reduce business costs and maximize profitability, are expected to fuel the progress of this market. Apart from this, the growing incorporation of artificial intelligence and machine learning techniques in demand planning software is expected to contribute towards market growth in the upcoming years. The growth of the market can also be attributed to factors such as the rising competition across different market players and the surge in consumer demand for the product as a result of the increase in disposable incomes. According to the data collected from the European Commission, the global consumer population is projected to reach 5 billion by 2030. Additionally, the expenditure by the middle-class population is evaluated to rise from USD 37 trillion in 2017 to USD 64 trillion by 2030, which would account for one-third of the global GDP growth.