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 9.0% from 2021 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. Acumatica, Inc; Asprova Corporation; Cybertec; Dassault Systems SE; Delfoi OY, Global Shop Solutions; Inform Software; Plex Systems; Siemens Ag, and The Access Group are among the key players profiled in this market study. In addition to these players, several other important companies have been studied and analyzed to get a holistic view of the global APS Software market and its ecosystem.
The overall APS software market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the APS Software market with respect to all the segments.It also provides the overview and forecast for the global APS Software market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Also, primary interviews were conducted with industry participants to validate data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the APS software market.
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84 pages •
By Infiniti Research Limited
• May 2018
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