PUBLISHER: Allied Market Research | PRODUCT CODE: 1140352
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140352
The global control towers market analysis is envisioned to garner $26,279.8 million by 2030, growing from $5,585 million in 2021 at a CAGR of 18.7% from 2022 to 2030.
Control towers serve as a nexus for real-time analytics-based, decision-making, and visibility. A supply chain control tower enables companies to more effectively identify, priorities, and address urgent problems in real time. End-to-end supply chain visibility should be offered by a more intelligent control tower, especially in the case of unplanned external events. Supply chain visibility refers to how businesses gather and connect data to get crucial supply chain execution knowledge. The purpose of supply chain control towers is to offer greater end-to-end visibility throughout the supply chain. A unified dashboard of data with views into important business events is frequently included. Supply chain control towers have traditionally focused on giving visibility to your close business partners. Advanced control towers, however, now offer real-time cooperation, visibility, and AI capabilities to move beyond decision-support to decision-making and autonomous control as a result of the growth of consumer-driven networks. These factors are estimated to improve the control towers market size over the time period.
Control towers are cloud-based technologies that serve as data collection and distribution units. Control towers offer visibility among corporations, and modes of transportation through data collection centers. They also assist the logistics partners in decision-making, meeting the expanding needs of the client, and enhancing supply chain operations. The need for control towers market share is being driven by the necessity of efficient supply chains in the manufacturing, and automotive sectors.
Control tower is widely used in supply chain and transportation. Control towers for logistics and transportation offer visibility over inbound and outbound logistics as well as enhanced shipping notifications, delivery data, and track-and-trace information. This also helps companies with complex supply chain to stream line their supply chain with end-to-end visibility as well as it helps in reducing cost, and maintain operational standard. These factors are anticipated to boost control towers growth in forecasted time period.
COVID-19 Impact on Control Towers Market is negative. The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. The outbreak has an equal impact on businesses, customers, and suppliers eventually, it is also likely to have an effect on the market. Supply chain interruptions put demand and production schedules in jeopardy, creating financial risks to financial markets and businesses. There were import-export restrictions laid down on manufacturing countries such as the U.S. and China, which imposed significant challenges on the market. In June 2021, the U.S. Government took an initiative to identify risks, address vulnerabilities and develop a strategy to promote resilience supply chain in the U.S. These factors are anticipated to fuel the growth of control towers market trend in region over the forecasted time period.
The key control towers market players profiled in this report include Celanese Blue Yonder Group, E2open, INFOR, KINAXIS, SAP SE, DiLX, o9 solutions, ORTEC, Viewlocity Technologies Pty Ltd, and One Network Enterprises.
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