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Advanced Planning and Scheduling (APS) Software Market Size, $ 2,941.27 Million by 2028 Led by On-Premises Deployment, 9.0% CAGR - Exclusive Research Report by The Insight Partners
"Advanced Planning and Scheduling (APS) Software Market" study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.The advanced planning and scheduling (APS) Software market is projected to reach US$ 2,941.27 million by 2028 from US$ 1,491.22 million in 2021; it is estimated to register a CAGR of 9.0% during 2021-2028.
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Advanced planning and scheduling (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 advanced planning and scheduling (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. Various key players in the advanced planning and scheduling (APS) software market are actively involved in expanding into the APAC advanced planning and scheduling (APS) software market, which is creating a opportunity for market growth in the region. For instance, Acumatica announced an accelerated expansion across APAC to enhance its support channels and serve customers in the region more efficiently.
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Impact of COVID-19 Pandemic on Advanced Planning and Scheduling (APS) Software Market
According to the latest situation report from World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Italy, Germany, Argentina, and South Africa are some of the worst-affected countries due to the COVID-19 outbreak. The COVID-19 crisis affected industries worldwide, and the global economy was worst hit until mid-2021. The pandemic has disturbed advanced planning and scheduling (APS) software market businesses and vendors around the globe. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the advanced planning and scheduling (APS) software market.
Rising Need to Enhance Overall Production Process Fuels Growth of Advanced Planning and Scheduling (APS) Software Market
Advanced planning and scheduling (APS) software helps manufacturing firms control and monitor production and its scheduling. The software solutions benefit the users through complete visibility and control, faster turnaround, and optimized resource utilization. Moreover, these solutions help enhance profit margins by conferring real-time analysis capabilities into the production process. Capacity planning is an integral part of the advanced planning and scheduling (APS) software module and helps plan long-term production against forecasted demand. The software has an interactive dashboard that provides a graphical view of consolidated demand and projected resources allocated for the production process. This data is then synced to the current and projected sales data. Further, the software efficiently supports sales and operation planning (S&OP) through optimization and rapid experimentation.
Both discrete and process industries require advanced planning and scheduling (APS) software to smoothen the manufacturing process. Industries such as food & beverages, pharmaceuticals, automotive, electronics & semiconductors, and textile are predominantly deploying advanced planning and scheduling (APS) software or integrating it with their existing manufacturing executive systems (MES). For instance, Antolin Liban (a division of Antolin International Inc.), a global automotive supplier, implemented advanced planning and scheduling (APS) software. The advanced planning and scheduling (APS) software was integrated with the company's SAP ERP systems and legacy MES systems to create comprehensive scheduling solutions capable of providing real-time information and feedback. Mikuni Corporation, a manufacturer of health products, sensors, gas technology, and automotive parts, deployed advanced planning and scheduling (APS) software to improve its overall production process. After implementing the solution, the company was able to maintain coordination between various production departments, shorten throughput time of one of the core products, and decreased work-in-progress and excess inventories by 33%. FSC Lightning-a lighting product manufacturer-deployed advanced planning and scheduling (APS) software to improve and enhance the production process, including all the stages from procurement to delivery.
The advanced planning and scheduling (APS) software market is analyzed on the basis of deployment, organization size, industry, and geography. The advanced planning and scheduling (APS) software market, based on deployment, is segmented into cloud-based and on-premises. Based on organization size, the advanced planning and scheduling (APS) software market is bifurcated into small and medium-sized enterprises and large enterprises. Based on industry, the advanced planning and scheduling (APS) software market is segmented into manufacturing, pharmaceuticals and life sciences, retail and consumer goods, food & beverages, chemicals, and others. Geographically, the advanced planning and scheduling (APS) software market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
A few major players operating in the global advanced planning and scheduling (APS) software market are ACUMATICA, INC; ASPROVA CORPORATION; Cybertec; Dassault Systemes SE; DELFOI OY; GLOBAL SHOP SOLUTIONS; INFORM SOFTWARE; PLEX SYSTEMS; Siemens AG; THE ACCESS GROUP; SAP SE; and PlanetTogether.
Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the "Advanced Planning and Scheduling (APS) Software market" market.
• Key market trends cracking up the growth of the "Advanced Planning and Scheduling (APS) Software market" market.
• Challenges to market growth.
• Key vendors of "Advanced Planning and Scheduling (APS) Software market" market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "Advanced Planning and Scheduling (APS) Software "market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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