According to the latest market study by The Insight Partner on « Advanced Planning and Scheduling (APS) Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment (On-Premise, Cloud), Organization Size (Large Enterprise , Small.) & Medium Enterprise) and Industry (Manufacturing, Pharmaceutical & Life Sciences, Retail & Consumer Goods, Food & Beverage, Chemicals, Others), Geography, “The market in 2020 was 1,491.22 million 2,941.27 million US dollars by 2028; It is expected to grow at a CAGR of 9.0% from 2021 to 2028.
Country Scope – USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
The increasing need to improve the entire production process is driving the APS software market. APS software helps manufacturing companies to control and monitor production and its planning. The software solutions benefit users through full transparency and control, faster throughput times and optimized resource utilization. In addition, these solutions help to increase your profit margins by bringing the real-time analysis functions into the production process. Capacity planning is an integral part of the APS module. Capacity planning helps with long-term production planning against forecast demand. The software has an interactive dashboard that provides a graphical view of the consolidated demand and projected resources for the production process. This data is then synchronized with the current and forecast sales data. In addition, the software also efficiently supports sales and operations planning (S&OP) through optimization and rapid experimentation.
North America is particularly popular in developed countries due to the favorable government policy of promoting innovation, the presence of a huge industrial base and high purchasing power like the US and Canada, a major user of new technology. Hence, any impact on the growth of industries is expected to negatively impact the region’s economic growth. Currently, the US is the hardest hit country in the world due to the COVID-19 outbreak, with 28,468,736 confirmed cases and 515,013 deaths, according to WHO 2020 data. The US is one of the leading markets for APS software. The huge surge in the number of confirmed cases and soaring reported deaths in the country has affected numerous industries, including manufacturing. The factory and store closings in the US, Canada and Mexico are restricting APS software rollout.
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APAC is expected to have an impressive CAGR between 2021 and 2028. APAC includes various developing countries such as China, South Korea, India and several southeastern countries, as well as industrialized countries such as Japan and Australia. In addition, APAC is characterized by the presence of the largest automotive markets such as China, India and Japan, coupled with the increasing introduction of new technologies is driving the growth of adaptive traffic control systems in this region. Meanwhile, Asia-Pacific government initiatives to develop smart cities in India, China, South Korea, Japan, Singapore and others are another factor that will create tremendous opportunities for adaptive traffic control systems market participants. Also in South America and the Middle East & Africa, the market for adaptive traffic control systems is expected to grow due to government initiatives to introduce digital technologies.
With the increasing development of technology, market participants are concentrating on the development of adaptive traffic control systems and are concentrating on the integration of more advanced ones Communication technologies such as artificial intelligence (AI) and analytics. The integration of these technologies promotes the introduction of adaptive traffic control systems. In addition, self-driving cars are widely used to efficiently cope with the existing problems related to traffic and road congestion. Thus, the integration of technology is likely to provide significant improvements in traffic congestion. The current development in traffic control technologies supports the expansion of flexible control and the introduction of adaptive traffic control systems. For example, Surtrac offers AI / robot systems for effective control of traffic at intersections. The company’s advanced systems are installed in multiple cities to ensure pedestrian traffic safety.
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