GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Manhattan Associates
The stock of Manhattan Associates, a developer of supply chain management software, reflects the growth of e-commerce. The chart shows how retailers and logistics companies' need to optimize warehouses and delivery directly drives demand for their products and impacts prices.
Share prices of companies in the market segment - Logist it
Manhattan Associates provides software for supply chain, warehouse, and order management. We classify it as logistics IT. The chart below shows the overall dynamics of this sector, driven by the growth of e-commerce and the need for logistics automation.
Broad Market Index - GURU.Markets
Manhattan Associates is a leading provider of supply chain management and omnichannel commerce software. As a key technology company, it is included in the GURU.Markets index. The chart below reflects the overall market performance. See how its stock compares to trends in logistics and retail.
Change in the price of a company, segment, and market as a whole per day
MANH - Daily change in the company's share price Manhattan Associates
The daily price change for Manhattan Associates, a logistics software developer, reflects its response to supply chain management trends. While the chart of these fluctuations is unspectacular, it is a critical component of the formulas on System.GURU.Markets.
Daily change in the price of a set of shares in a market segment - Logist it
Manhattan Associates, Inc. is a developer of supply chain management software. This chart highlights the high volatility of the tech sector. Compared to the dynamics of MANH, whose solutions are critical for retail and logistics, it serves as a barometer for these industries.
Daily change in the price of a broad market stock, index - GURU.Markets
Manhattan Associates provides software for supply chain management and omnichannel commerce. Demand for its products is an indicator of investment activity in retail and logistics. The chart below shows overall market volatility, which reflects these same economic cycles.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Manhattan Associates
Manhattan Associates is a leader in warehouse and supply chain management software. Its year-over-year growth reflects the trend toward automation and increased efficiency in logistics. The chart below tells the story of this technological shift.
Annual dynamics of market capitalization of the market segment - Logist it
Manhattan Associates, Inc. provides supply chain and omnichannel management software. Its solutions help retailers and distributors optimize logistics. The chart shows how the digitalization trend in logistics and the growth of e-commerce are driving accelerated growth.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
Manhattan Associates provides software for supply chain and retail management. The company's growth is driven by the trend toward logistics optimization and omnichannel commerce. Its stock price reflects the demand for technology solutions to improve efficiency in retail and logistics.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Manhattan Associates
The market capitalization of Manhattan Associates, a developer of supply chain management software, depends on corporate IT budgets. Monthly fluctuations on the chart reflect news of major contract awards and the pace of client migration to its cloud solutions, which are key drivers of revenue growth.
Monthly dynamics of market capitalization of the market segment - Logist it
This chart shows the dynamics of the supply chain management software sector. For Manhattan Associates, a leader, this provides context. Its movements reflect investments by retailers and industrial companies in automation and logistics optimization, a powerful long-term trend.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Manhattan Associates is a developer of supply chain management software. Demand for its solutions has surged since the pandemic exposed the weaknesses of logistics. The chart below shows how the company's strong fundamental trend toward logistics optimization has allowed its shares to outperform the broader market, even during periods of weakness.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Manhattan Associates
Short-term fluctuations at Manhattan Associates, a developer of warehouse and supply chain management software, reflect investment in logistics. News about retailers and industrial companies' plans to automate their operations, as well as overall economic activity, are impacting demand.
Weekly dynamics of market capitalization of the market segment - Logist it
Manhattan Associates shares, like those of the entire logistics software sector, are rising on the general trend of warehouse and supply chain automation. The growth of e-commerce is a tailwind for everyone. The chart will show how the company competes for share in this promising market.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Manhattan Associates provides supply chain management software. Its success depends on companies' investments in logistics and automation. This chart shows how its stock, despite being a B2B growth story, is more volatile than the market.
Market capitalization of the company, segment and market as a whole
MANH - Market capitalization of the company Manhattan Associates
Manhattan Associates' market capitalization chart is a financial valuation of the leader in supply chain and warehouse management software. It reflects the growing need for businesses to optimize logistics in the e-commerce era. This growth reflects the shift to cloud solutions and the critical importance of effective inventory management for retailers and distributors.
MANH - Share of the company's market capitalization Manhattan Associates within the market segment - Logist it
Manhattan Associates is a leading provider of supply chain and omnichannel commerce management software. The company's share of its segment's market capitalization reflects its technological leadership and importance to retailers and logistics companies. The chart shows its weight.
Market capitalization of the market segment - Logist it
Manhattan Associates is a leader in supply chain and warehouse management software. The chart below shows the overall market capitalization of the logistics software sector. Its growth reflects the complexity of modern commerce. Manhattan Associates provides the "brain" that manages the flow of goods.
Market capitalization of all companies included in a broad market index - GURU.Markets
Supply chain optimization is key to efficiency in the modern economy, as reflected in the graph. Manhattan Associates develops warehouse and logistics management software. Its market capitalization reflects its leadership in this niche and the growing need for automation among companies.
Book value capitalization of the company, segment and market as a whole
MANH - Book value capitalization of the company Manhattan Associates
For Manhattan Associates, a warehouse software developer, this chart represents the physical foundation of digital logistics. The growth in book value reflects the expansion of its global network of offices and R&D centers. This is the physical infrastructure that supports the creation of software solutions that manage the movement of goods around the world.
MANH - Share of the company's book capitalization Manhattan Associates within the market segment - Logist it
Manhattan Associates, a developer of supply chain management software, has a minimal physical footprint. Its share of the sector's assets consists of offices and data centers. The chart shows that the company manages global logistics with code, not by owning warehouses or trucks.
Market segment balance sheet capitalization - Logist it
Manhattan Associates develops supply chain and warehouse management software. Their product helps companies manage physical assets, but Manhattan Associates' business itself is "lightweight" and doesn't require factories. The chart shows the low book value typical of a software developer.
Book value of all companies included in the broad market index - GURU.Markets
Manhattan Associates' software is backed by a global network of offices and R&D centers, as well as an IT infrastructure that supports their cloud solutions. The chart below shows how the physical foundation of this leader in logistics automation has grown.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Manhattan Associates
Manhattan Associates is an IT company with few physical assets. Its high valuation is a reward for its leading warehouse and logistics management software. The chart below shows how the market valued their key role in e-commerce.
Market to book capitalization ratio in a market segment - Logist it
Manhattan Associates develops supply chain management software. Its value lies in its code and its customer base. The chart shows how much its market valuation, based on its niche leadership and subscription model, exceeds its modest tangible assets.
Market to book capitalization ratio for the market as a whole
Manhattan Associates provides supply chain and warehouse management software. It's a technology company whose primary assets are its codebase and customer base. Unlike the average valuation on this chart, its market cap reflects its leadership in its niche and its shift to cloud-based subscription solutions, which the market values ββfar more highly than tangible assets.
Debts of the company, segment and market as a whole
MANH - Company debts Manhattan Associates
Manhattan Associates, a developer of supply chain management software, has a highly profitable business model. This chart shows that the company uses virtually no debt. Its growth is funded by license and subscription revenue, and strong cash flow allows it to invest in R&D and remain a leader in its niche.
Market segment debts - Logist it
Manhattan Associates develops software for supply chain and retail management. Its solutions help companies optimize warehouses and logistics. This chart shows the financial structure of a mature SaaS company balancing growth and profitability in its important technology niche.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Manhattan Associates
Manhattan Associates provides supply chain and warehouse management software. This chart shows the tech company's debt load. Its success depends on its clients' investments in logistics. An economic downturn, which forces companies to cut IT and logistics spending, could slow growth and impact financial stability.
Market segment debt to market segment book capitalization - Logist it
Manhattan Associates develops software for supply chain, warehouse, and retail management. Its solutions are critical for e-commerce giants. The chart shows its debt strategy in the IT sector, providing context for assessing how the company finances its innovation and growth in a competitive market.
Debt to book value of all companies in the market
Manhattan Associates develops supply chain management software. IT companies often have low debt. This chart shows the average debt load across the economy. It illustrates how MANH's software-based financial model differs from the capital-intensive sectors of the "old economy."
P/E of the company, segment and market as a whole
P/E - Manhattan Associates
Manhattan Associates develops software for supply chain and warehouse management. This chart shows how much investors value logistics digitalization. High values ββreflect the belief that retailers and manufacturers will continue to invest in software to optimize their warehouses and fulfill online orders.
P/E of the market segment - Logist it
Manhattan Associates is a leading developer of supply chain management and omnichannel software. Their solutions help retailers and distributors optimize warehouse, transportation, and store operations. This chart shows the average rating for the logistics software sector, demonstrating how highly the market values ββlogistics digitalization.
P/E of the market as a whole
Manhattan Associates provides supply chain and omnichannel commerce management software. This chart highlights general trends in the IT sector, but for MANH, the key focus is the complexity of modern logistics. The growth of e-commerce and the need for warehouse efficiency are driving long-term demand for its solutions.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Manhattan Associates
Manhattan Associates provides supply chain and omnichannel management software. This chart reflects expectations for the digitalization of retail and logistics. Its dynamics predict that companies will continue to invest in sophisticated IT solutions to optimize their warehouses, transportation, and order fulfillment, increasing demand for MANH products.
Future (projected) P/E of the market segment - Logist it
Manhattan Associates provides supply chain and omnichannel management software. This chart compares the company's future revenue expectations with industry forecasts. It helps understand how highly the market values ββits leadership in warehouse and logistics automation, especially in the era of e-commerce.
Future (projected) P/E of the market as a whole
Manhattan Associates provides supply chain and warehouse logistics management software. This graph, reflecting expectations for retail and logistics, is key for MANH. The growth of e-commerce and the need to optimize warehouses are driving companies to invest in their software regardless of cycles, but the overall economic recovery is accelerating this process.
Profit of the company, segment and market as a whole
Company profit Manhattan Associates
Manhattan Associates provides supply chain and omnichannel management software. The company's solutions help retailers and distributors optimize warehouse and store operations. This chart shows the financial performance of a business at the center of the digital transformation of retail and logistics.
Profit of companies in the market segment - Logist it
Manhattan Associates provides supply chain and retail management software. This chart shows profitability in the logistics software sector. For MANH, this is an indicator of investment in warehouse automation and omnichannel retail. The more complex logistics become, the greater the demand for their advanced solutions.
Overall market profit
Manhattan Associates develops software for supply chain management and warehouse logistics. Its solutions help retailers and distributors optimize their operations. Demand for such systems is growing along with the growth of e-commerce. This corporate earnings chart reflects the health of the company's clients and their willingness to invest in IT.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Manhattan Associates
Manhattan Associates provides supply chain and omnichannel management software. The revenue forecast presented here reflects expectations for companies' investments in digitalization and logistics optimization. The growth of e-commerce and the need for efficient warehouse management are driving demand for its solutions.
Future (predicted) profit of companies in the market segment - Logist it
Manhattan Associates develops software for supply chain management and warehouse logistics. The profit forecast for this sector reflects the trend toward automation and optimization of logistics processes. This chart shows the analysts' confidence in companies' continued investment in technology to improve the efficiency of their warehouses and transportation operations.
Future (predicted) profit of the market as a whole
Manhattan Associates develops supply chain and warehouse management software. Demand for its solutions is growing alongside the growth of e-commerce. The total revenue forecasts in this chart reflect the business activity that drives companies to invest in optimizing their logistics.
P/S of the company, segment and market as a whole
P/S - Manhattan Associates
Manhattan Associates provides supply chain and warehouse management software. This chart shows how highly investors value its revenue. As retailers and logistics companies strive for automation and efficiency, demand for its software is growing, providing the company with stable revenue and a premium valuation.
P/S market segment - Logist it
Manhattan Associates is a leader in supply chain management and omnichannel software development, helping retailers and distributors optimize their logistics. This chart shows the average revenue estimate in the software industry, allowing you to see the premium investors are paying for the company's mission-critical software in today's economy.
P/S of the market as a whole
Manhattan Associates provides supply chain management and omnichannel commerce software. Its solutions help retailers and manufacturers optimize inventory and logistics. This chart shows overall market revenue expectations, helping to assess how digital logistics businesses are outperforming overall economic trends.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Manhattan Associates
Manhattan Associates provides supply chain and omnichannel commerce management software for retailers and distributors. This chart shows how investors estimate the company's future subscription revenue. It reflects the growing complexity of logistics and the importance of technology for efficient commerce.
Future (projected) P/S of the market segment - Logist it
Manhattan Associates provides supply chain and omnichannel management software. Its solutions help retailers and distributors optimize warehouses and logistics. This chart reflects how investors view its key role in the digital transformation of retail and logistics.
Future (projected) P/S of the market as a whole
Manhattan Associates provides supply chain and omnichannel management software. Demand for their solutions is growing as retail and logistics become more complex. This graph, reflecting business growth expectations, is important to MANH. Economic growth is driving companies to invest in optimizing their operations to meet rising sales volumes and customer expectations.
Sales of the company, segment and market as a whole
Company sales Manhattan Associates
Manhattan Associates develops software for supply chain management and omnichannel commerce. Its solutions help retailers and distributors optimize warehouse operations and order delivery. This chart shows the demand for logistics automation. Revenue growth is driven by the trend toward e-commerce, which requires increasingly complex and efficient IT solutions.
Sales of companies in the market segment - Logist it
Manhattan Associates provides mission-critical software for supply chain and retail management. Their solutions help companies optimize warehouses, transportation, and sales. The transition to a cloud-based model has enabled them to experience stable growth. This chart shows how cloud subscription revenue is displacing traditional license sales.
Overall market sales
Manhattan Associates provides supply chain and omnichannel commerce management software. Its solutions help retailers and distributors optimize inventory, logistics, and order fulfillment. The growth of e-commerce is driving demand for MANH software. This total revenue chart reflects the scale of the commerce that Manhattan Associates makes more efficient.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Manhattan Associates
Manhattan Associates provides supply chain and omnichannel management software for retailers, wholesalers, and manufacturers. This chart reflects revenue expectations, which are driven by companies' investments in modernizing their logistics and warehouse operations, as well as their transition to cloud solutions.
Future (projected) sales of companies in the market segment - Logist it
Manhattan Associates develops supply chain and omnichannel management software for retailers, wholesalers, and manufacturers. This chart shows growth forecasts for the entire logistics software market. It reflects expectations of increasing logistics complexity in the e-commerce era, driving demand for MANH's smart solutions.
Future (projected) sales of the market as a whole
Manhattan Associates provides supply chain and warehouse management software. This chart, which reflects retail and logistics forecasts, is a leading indicator for the company. The growth of e-commerce and increasing logistics complexity are driving companies to invest in advanced software solutions to improve efficiency, driving demand for Manhattan products.
Marginality of the company, segment and market as a whole
Company marginality Manhattan Associates
Manhattan Associates is a developer of supply chain and warehouse management software. This chart demonstrates its high profitability. The company has transitioned to a cloud-based subscription model, ensuring stable and predictable revenue. Demand for logistics automation and optimization fuels growth and maintains high margins.
Market segment marginality - Logist it
Manhattan Associates provides supply chain and omnichannel management software for retailers, wholesalers, and manufacturers. The profitability of their business, which is migrating to cloud subscriptions, depends on their technological leadership. This chart demonstrates the effectiveness of their software solutions. A comparison with competitors highlights their strong position in the logistics software market.
Market marginality as a whole
Manhattan Associates provides supply chain and warehouse management software. Demand for its solutions is driven by companies' desire to optimize logistics and the growth of e-commerce. This graph, reflecting pressure on profitability, may encourage businesses to invest in Manhattan Associates' technology to improve efficiency.
Employees in the company, segment and market as a whole
Number of employees in the company Manhattan Associates
Manhattan Associates develops software for supply chain management and omnichannel commerce. This graphic shows a team of developers and consultants creating complex systems that help retailers and distributors manage warehouses, inventory, and order fulfillment. Their software is the "brain" of modern logistics.
Share of the company's employees Manhattan Associates within the market segment - Logist it
Manhattan Associates is a leading developer of supply chain management and omnichannel commerce software. This chart demonstrates its technological leadership in logistics. It reflects the significant share of Manhattan Associates' software developers and consultants specializing in creating complex warehouse and order management software.
Number of employees in the market segment - Logist it
Manhattan Associates develops software for supply chain, warehouse, and retail management. Its software is the "brain" of many logistics operations. This chart shows the growth of its team of programmers and consultants who help retailers and distributors optimize their operations in the complex era of omnichannel commerce.
Number of employees in the market as a whole
Manhattan Associates develops and implements supply chain and omnichannel management software. Its clients include retailers, distributors, and manufacturers. The growth in overall employment, reflected in this graph, means increased trade volumes and logistics complexity. This compels companies to invest in advanced software solutions like MANH's to remain competitive.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Manhattan Associates (MANH)
Manhattan Associates develops supply chain management software. This chart shows the value of niche enterprise software. The high market capitalization per employee indicates that the market values ββits products, which are critical for large retailers and distributors and are created by a team of engineers.
Market capitalization per employee (in thousands of dollars) in the market segment - Logist it
Manhattan Associates (MANH) develops supply chain and warehouse management software. This is mission-critical software for retail and logistics. This graph shows the industry average. It will be high, reflecting how the market values ββeach software developer creating this high-margin and in-demand enterprise software.
Market capitalization per employee (in thousands of dollars) for the overall market
Manhattan Associates develops software for supply chain management and warehouse logistics. In the enterprise software industry, this metric reflects the value of its technology platform. It demonstrates how a product created by a relatively small team of engineers helps the world's largest retailers and distributors operate more efficiently.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Manhattan Associates (MANH)
Manhattan Associates is a leader in supply chain management software (WMS). This chart shows the profitability of their niche B2B software. Their systems are the "brains" of the largest warehouses and retailers. The transition to a cloud-based model and subscription has further increased efficiency, allowing them to scale revenue without a corresponding increase in staff.
Profit per employee (in thousands of dollars) in the market segment - Logist it
Manhattan Associates is a SaaS company that creates warehouse management software (WMS) and supply chain management. This chart shows the benchmark for "Logist it" (SaaS). In this B2B SaaS sector, the benchmark is very high. This is "sticky," mission-critical logistics software sold via subscription, resulting in high and stable margins.
Profit per employee (in thousands of dollars) for the market as a whole
Manhattan Associates provides supply chain and omnichannel management software. This graph, reflecting human capital productivity, demonstrates the power of B2B software. Their software, created by a team of engineers, optimizes the operations of thousands of warehouses and stores worldwide, ensuring high value and profitability per employee.
Sales to employees of the company, segment and market as a whole
Sales per company employee Manhattan Associates (MANH)
Manhattan Associates develops software for supply chain management and omnichannel commerce. This chart demonstrates the effectiveness of the SaaS model in B2B. High revenue per employee is the result of selling licenses and subscriptions for sophisticated software that helps major retailers and distributors optimize their logistics.
Sales per employee in the market segment - Logist it
Manhattan Associates (MANH) develops supply chain management software (WMS, TMS). They help retailers and distributors optimize warehouses and logistics. It's a niche SaaS business. This chart shows how effective their platform is. It compares how their team of engineers and consultants generates revenue compared to other logistics software developers.
Sales per employee for the market as a whole
Manhattan Associates is a software company that is the "brains" behind many warehouses and logistics networks. They create warehouse management software (WMS) and transportation management software (TMS). It's a niche B2B SaaS. This graph shows the high and recurring revenue their engineering team generates by optimizing supply chains.
Short shares by company, segment and market as a whole
Shares shorted by company Manhattan Associates (MANH)
Manhattan Associates (MANH) is a developer of supply chain management (SCM) and warehouse management (WMS) software. Their software helps retailers and distributors optimize logistics. This chart shows bearish bets. The high short interest in MANH may reflect concerns that companies will cut spending on logistics IT systems following the pandemic-induced boom in e-commerce investment.
Shares shorted by market segment - Logist it
Manhattan Associates (MANH) develops supply chain management (SCM) and warehouse management (WMS) software. Their software optimizes logistics. This chart shows the overall sentiment in the logistics software sector. It summarizes bearish bets, reflecting investor expectations for a slowdown in warehouse automation investment following the pandemic boom.
Shares shorted by the overall market
Manhattan Associates (MANH) develops software for supply chain management (logistics it) and warehouse operations. This chart measures the overall level of fear. When pessimism increases, investors analyze MANH: does this mean a future decline in global trade and logistics, or will a crisis force companies to invest in software to optimize their costs?
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Manhattan Associates (MANH)
Manhattan Associates provides premium supply chain and warehouse management software (WMS). They help retail and logistics giants optimize inventory. The chart shows when the market (above 70) is overheated by expectations of an IT boom in logistics, or (below 30) when investors fear that companies will begin cutting software budgets due to the economic downturn.
RSI 14 Market Segment - Logist it
Manhattan Associates is a leading developer of supply chain management software. Their solutions (WMS, TMS) help companies optimize warehouse operations, inventory management, and transportation. This chart shows the overall sentiment in the logistics software sector. It helps us understand whether the entire segment is overheating amid the global supply chain restructuring.
RSI 14 for the overall market
Manhattan Associates is a leader in supply chain management software, particularly warehouse management systems (WMS). Their software is the "brain" of a modern Amazon or Walmart warehouse. This market sentiment chart reflects appetite for IT investment. Market euphoria (high values) means companies are ready to invest in logistics digitalization. Panic can put these projects on hold.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast MANH (Manhattan Associates)
Manhattan Associates develops supply chain management (SCM) and warehouse logistics (WMS) software. This chart shows the analyst consensus forecast. Their targets are based on the pace of customer adoption of the company's cloud-based solutions (SaaS), subscription growth, and overall demand for logistics automation among retailers.
The difference between the consensus estimate and the actual stock price MANH (Manhattan Associates)
Manhattan Associates (MANH) is a leading developer of supply chain management (SCM) and warehouse automation software (WMS). This chart shows the difference between the consensus forecast and the price. It reflects whether analysts believe the trend toward logistics and e-commerce optimization will drive MANH (which has migrated to the cloud) to further growth.
Analyst consensus forecast for stock prices by market segment - Logist it
Manhattan Associates is a leader in supply chain management software development, particularly warehouse management software (WMS). This chart shows analysts' overall expectations for the logistics software sector. It reflects whether experts believe investment in warehouse and logistics automation will grow or decline.
Analysts' consensus forecast for the overall market share price
Manhattan Associates (MANH) is a developer of supply chain and warehouse management software (WMS). Their software is the brains of logistics. Market expectations, visible on this chart, influence their clients (retailers, distributors). If experts anticipate a downturn, companies freeze investments in expensive software. If they anticipate growth, they invest in automation.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Manhattan Associates
Manhattan Associates is a leading provider of supply chain management (SCM) software. Their software manages warehouses (WMS) and transportation logistics for major retailers and distributors. This chart is a logistics efficiency indicator. It reflects the pace of supply chain digitalization and retailers' transition to their cloud-based SaaS platforms.
AKIMA Market Segment Index - Logist it
Manhattan Associates is the unseen leader in logistics software; the company provides an operating system (WMS/TMS) for warehouse and transportation management (for retailers and distributors). This aggregate metric evaluates companies. The chart shows the average value for the software segment. This benchmark: how does Manhattan's critical role in supply chain digitization differentiate it from the average competitor?
The AKIM Index for the overall market
Manhattan Associates is a leader in supply chain management (SCM) and warehouse management (WMS) software. They are the brains behind logistics for retail and industry. This chart, showing the average market figure, is just the background. It helps assess how MANH, which relies on IT budgets for logistics automation, fits into the overall macroeconomic picture.