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2021 Advanced Planning and Scheduling (APS) Software Market Growth Technology Trends with 9% of CAGR by 2027 – GLOBAL SHOP SOLUTIONS, INFORM SOFTWARE, PLEX SYSTEMS, SIEMENS AG

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2021 Advanced Planning and Scheduling (APS) Software Market Growth Technology Trends with 9% of CAGR by 2027 – GLOBAL SHOP SOLUTIONS, INFORM SOFTWARE, PLEX SYSTEMS, SIEMENS AG

April 08
15:11 2021
2021 Advanced Planning and Scheduling (APS) Software Market Growth Technology Trends with 9% of CAGR by 2027 - GLOBAL SHOP SOLUTIONS, INFORM SOFTWARE, PLEX SYSTEMS, SIEMENS AG

The Insight Partners
According to our latest market study on “Advanced Planning and Scheduling (APS) Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis, 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 2027.

APS software generates optimum production schedules, and reduces downtime and errors, thereby helping manufacturers in efficient allocation of raw materials and optimization of production capacities. The software solutions help them plan and schedule production on the basis of material and labor availability, and plant capacity. They also assist manufacturers in organizing sales, purchase, production, and transportation activities. With the APS software, businesses can estimate demand, evaluate raw material availability, and generate as well as enhance production schedules. The software products gather historical data on order volumes and inventory turns while combining it with updated forecasts from separate business units to make informed supply chain decisions.

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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.

Additionally, they enable companies to plan orders as per the current production stages and maximize the throughput to ensure the fulfilment of all orders on time. Several industry players are deploying APS software to compete effectively with other industry players. Since the software provides real-time, updated information about the production process, its importance and need have increased significantly in the recent times. Growing cloud deployment in a large number of SMEs due to less installation costs is supporting the APS software market growth.

Which region led the advanced planning and scheduling (APS) software market in 2019?

Online sales in the US and Canada are constantly mounting and reflecting an unstoppable attitude toward its growth over the next decade. In the region, the US has a highly skilled workforce in the retail & consumer goods products arena. As per the International Trade Administration (ITA), in 2019, the consumer goods market in the US was the largest in the globe, registering US$ 635 billion. Since the market in the US is broad and open, the consumer is receptive to both domestic and imported brands. With the strong APS software, the retail & consumer goods industry can enhance the synchronization of the manufacturing processes by gaining insights, which enables them to improve further and surge utilization, thus reducing wastage.

Which factor is driving the advanced planning and scheduling (APS) software market?

In countries such as India, Japan, Germany, Brazil, a large number of manufacturing firms are small and medium-sized enterprises, which usually face budget issues. However, they also look for solutions that can help them enhance the overall production process. Moreover, cloud-based APS software is less expensive and are scalable, which is further gathering the attention of small and medium enterprises. Along with small and medium enterprises, large organizations are also planning to shift to cloud-based APS software solutions for leveraging their features such as affordability, scalability, flexibility, and ease of use.

Which deployment led the advanced planning and scheduling (APS) software market?

The cloud-based is the leading deployment in the market. In the cloud-based deployment model, the software solutions hosted on third-party infrastructure are provided along with services to end users. Low capital expenditure (CAPEX) needs for establishing new infrastructure and limited cost requirements for new software licensing and new services are among the major benefits received by companies opting for cloud-based APS software solutions, which makes this model suitable for small and medium-sized enterprises (SMEs).

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Company Name: The Insight Partners
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City: Pune
State: Maharashtra
Country: India