With 2,941.27 Million , Advanced Planning and Scheduling (APS) Software Market is Surging with 5.7% of CAGR by 2028

According to our latest market study on “Advanced Planning and Scheduling (APS) Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment (Cloud-Based, On-Premise); Organization Size (Large Enterprises, SMEs); Industry (Manufacturing, Pharmaceuticals & Life Sciences, Retail & Consumer Goods, Food & Beverage, Chemicals, Others)the market was valued at US$ 1,407.74 million in 2019 and is projected to reach US$ 2,941.27 million by 2028; it is expected to grow at a CAGR of 5.7% from 2020 to 2028.

APS software generates optimum production schedules, and reduces downtime and errors. It helps manufacturers in allocating raw materials and optimizing production capacities. The software plan and schedules production in terms of available materials, plant capacity, and labor. The software organizes a manufacturer’s sales, purchasing, production, and transportation activities. With the APS software, businesses can calculate demand, evaluate raw material availability, generate production schedules, and enhance production schedules. It gathers historical data on order volumes and inventory turns while combining it with updated forecasts from separate business units to make informed supply chain decisions. Additionally, the software enables companies to plan orders in terms of current production stages and maximizes the throughput to ensure all orders are fulfilled on time.

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Impact of COVID-19 Pandemic on APS Software Market
North America is a major adopter of new technologies due to favorable government policies to boost innovations, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak, with 28,468,736 confirmed cases and 515,013 deaths, as per the WHO data on 2020 The US is one of the prominent markets for APS software. Huge increase in the number of confirmed cases and rising reported deaths in the country has affected numerous industries, including manufacturing. The factory and business shutdowns across the US, Canada, and Mexico restrict the adoption of APS software.

Geographically, APAC and Europe are currently dominating the market, however, the market is expected to be in favor of the North America as it is projected to witness remarkable growth rate due to the increasing demand for data management, service integration, and preference of manufacturers towards the development of more flexible solutions. The overall Advanced Planning and Scheduling (APS) Software market is fragmented with the presence of several large and small-scale enterprises. A few major players with significant market share are Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Honeywell Intelligrated, KNAPP AG, Mecalux, S.A., Murata Machinery, Ltd., Swisslog Holding AG, TGW Logistics Group, and Vitronic.

Strategic Insights:

The advanced planning and scheduling (APS) market players are mainly focusing on the development of advanced and efficient products. They focus on maintaining their brand name across the world by signing partnership, contracts, and joint ventures; securing funding; and inaugurating new offices at different location worldwide. Most of the market developments have been observed in North America, APAC, and Europe.

- In 2020, INFORM Software Continued Its North American Market Expansion –declared recent relocation to Atlanta’s Crown Pointe Campus

- In 2019, Dassault Système introduced 3DEXPERIENCE On Wheels – Connected Factory campaign in Pune. This is the second direct customer outreach campaign focused on the supplier ecosystem in manufacturing.

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This release was published on openPR.