DUBLIN--(BUSINESS WIRE)--The "Advanced Planning and Scheduling Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment, Organization Size, and Industry, Geography" report has been added to ResearchAndMarkets.com's offering.
The APS software market was valued at US$ 1,491.22 million in 2020 and is projected to reach US$ 2,941.27 million by 2028; it is expected to grow at a CAGR of 8.86% from 2020 to 2028.
The global 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). In 2020, North America led the market, followed by APAC and Europe. North America is characterized by the presence of well-developed countries, robust industrial base, and high technology adoption. The presence of fast-growing economics and surging adoption of automation, propelling the use of APS software, are among the prime factors driving the growth of the APS software market in North America. These software products are broadly used in the region by various industries for inventory planning, demand planning, and supply planning. In Europe, high production capabilities of various industries as well as growing need to enhance business and manufacturing processes to gain a competitive edge are anticipated to accelerate the demand for APS software during the forecast period. APAC is expected to register the highest CAGR in the market during 2021-2028.
The APS software market is segmented on the basis of deployment, organization size, industry, and geography. Based on industry, the market is segmented into manufacturing, pharmaceuticals & life sciences, retail & consumer goods, food & beverages, chemicals, and others. The manufacturing segment led the APS software market with the largest share in 2020.
The manufacturing sector is highly involved in the transformation of goods and materials into products; communication equipment, electrical equipment, electronic equipment, aerospace equipment, rail equipment, medical device, automotive, and metal mining are among the key countries under this umbrella. The sector is growing rapidly due to swift industrialization in developing economies.
Market Dynamics
Drivers
- Rising Need to Enhance Overall Production Process
- Escalating Adoption of Cloud-Based Solutions
Restraints
- Lack of Expertise and Awareness
Opportunities
- Scope for Continuous Innovations in APS Software
Trends
- Digital Transformation of Manufacturing Operations
Companies Mentioned
- ACUMATICA, INC
- ASPROVA CORPORATION
- CYBERTEC
- DASSAULT SYSTEMES SE
- DELFOI OY
- GLOBAL SHOP SOLUTIONS
- INFORM SOFTWARE
- PLEX SYSTEMS
- SIEMENS AG
- THE ACCESS GROUP
For more information about this report visit https://www.researchandmarkets.com/r/5h94ja
