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.
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.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the control towers market analysis from 2021 to 2030 to identify the prevailing control towers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the control towers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global control towers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Analytical
- Operational
By Application
- Supply Chain
- Transportation
By End Use
- Aerospace and Defense
- Chemicals
- Retail and Consumer Goods
- Healthcare and Pharmaceutical
- Automotive and Manufacturing
- Information and Technology
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- Blue Yonder Group
- E2open
- KINAXIS
- INFOR
- DiLX
- SAP SE
- o9 solutions
- ORTEC
- Viewlocity Technologies Pty Ltd
- One Network Enterprises
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONTROL TOWERS MARKET, BY TYPE
CHAPTER 5: CONTROL TOWERS MARKET, BY APPLICATION
CHAPTER 6: CONTROL TOWERS MARKET, BY END USE
CHAPTER 7: CONTROL TOWERS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Control Towers Market," the control towers market size was valued at $5.6 billion in 2021, and is estimated to reach $26.3 billion by 2030, growing at a CAGR of 18.7% from 2022 to 2030.A control tower for supply chains is a central hub equipped with the necessary technology, organization, and procedures to collect and utilize transportation data to give improved visibility for short- and long-term decision-making in line with strategic goals. The control tower provides various benefit to the organization such as control towers offer complete supply chain visibility, adjust deliver collaborative supply chain and multi-tier process and maximize dynamic supply chain execution and predictive decision-making, which is a major factor estimated to propel the control towers market analysis demand in the upcoming years. The control towers help in collaboration business and industrial supply chain with centralized decision-making process.
However, some of the disadvantages of control towers include data breach. Data and information are highly important in supply chain and it is produced at each part of supply chain procedure due to which its exposure can cause serious damage to the organization and its vendors by impacting the supply chain.
For control towers industry players, the retail industry is predicted to offer excellent growth potential. Traditional retailers are being forced to look for ways to provide customers with a consistent experience across all channels due to the increased customer preference for online sales. In addition to monitoring, visibility, and alerting, supply chain control towers can leverage Machine Learning (ML) and Artificial Intelligence (AI) to produce insights. Professionals spend less time searching through large amounts of matching data sets data, and doing analyses on control tower helps to reduce the time required for searching large amount of data. Professionals may interact with solutions using natural language thanks to AI-powered supply chain control towers. As a result, professionals are being assisted in producing insightful and helpful recommendations by the rising integration of artificial intelligence and machine learning with supply chain control towers. These factors are anticipated to boost the control towers market growth in the upcoming years.
The global control towers market share is segmented based on type, application, end-use, and region. By type, it is classified into operational and analytical. By application, it is classified into supply chain and transportation. By end-use, it is classified into aerospace & defense, healthcare, retail & consumer goods, automotive & manufacturing, information & technology, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the control towers market report include Blue Yonder Group, E2open, INFOR, KINAXIS, SAP SE, DiLX, o9 solutions, ORTEC, Viewlocity Technologies Pty Ltd, and One Network Enterprises.
The report offers a comprehensive analysis of the global control towers market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Control Towers Industry
- COVID-19 impact on control towers market has a negative effect on businesses, hindering innovations and lowering profitability across a range of industries and sectors globally
- Disruptions in the supply chain have an impact on demand and production plans, putting firms at financial risk. Lockdowns have hindered supply chains, which has hampered the implementation of more advanced systems such as control towers.
- COVID-19 impacted almost all industries and many companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor due to the fear of contracting the novel coronavirus led to sluggish demand in the market
- Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market
Key Findings of the Study
- Based on type, the operational sub-segment emerged as the global leader in 2021 and the analytical sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on application, the supply chain sub-segment emerged as the global leader in 2021 and the transportation sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on end-use, the automotive & manufacturing sub-segment emerged as the global leader in 2021
- Based on region, the North America market registered the highest market share in 2021 and is projected to maintain the position during the forecast period
- In-depth study of the control towers market forecast is also provided in the report
Companies Mentioned
- Blue Yonder Group
- E2Open
- Kinaxis
- Infor
- Dilx
- Sap Se
- O9 Solutions
- Ortec
- Viewlocity Technologies Pty Ltd
- One Network Enterprises
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
