Global Control Towers Market

Global Control Towers Market Size, Share, Growth Analysis, By Type(Analytical and Operational), By Application(Supply Chain, and Transportation), By End-Use(Aerospace & Defense, Chemicals) - Industry Forecast 2024-2031

Report ID: SQMIG45F2102 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 91 | Figures: 76

Global Control Towers Market News

  • In August 2022, A renowned provider of supply chain software, MPO, was bought by Kinaxis, a Canadian company that manages supply chains. The purchasing company, Kinaxis, expects that this acquisition will enable it to more effectively meet the needs of the industrial sector.
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Global Control Towers Market size was valued at USD 7.31 billion in 2022 and is poised to grow from USD 8.87 billion in 2023 to USD 41.56 billion by 2031, growing at a CAGR of 21.3% during the forecast period (2024-2031).

To improve their product offerings, the majority of players are concentrating on techniques like collaborations. For Example, in 2022, Blue Yonder Group, Inc. disclosed a relationship with data cloud provider Snowflake. 'Accenture PLC', 'Oracle Corporation', 'SAP SE', 'JDA Software Group, Inc.', 'IBM Corporation', 'Manhattan Associates, Inc.', 'Kinaxis Inc.', 'BluJay Solutions Ltd.', 'Infor Inc.', 'Elemica, Inc.', 'GT Nexus (Infor)', 'Logility, Inc.', 'E2open LLC', 'One Network Enterprises, Inc.', 'LLamasoft, Inc.', 'WiseTech Global Limited', 'Eyefreight BV', 'HighJump Software Inc. (Körber AG)', '3GTMS, Inc.', 'Kuebix (Trimble Transportation)'

Companies are increasingly recognizing the importance of end-to-end supply chain visibility to optimize operations, reduce costs, and improve customer satisfaction. Control towers offer a centralized platform that integrates data from various sources, providing real-time visibility across the supply chain, including inventory levels, transportation status, and demand patterns.

Increasing adoption of cloud-based control towers: Cloud-based control towers are gaining popularity as they offer scalability, flexibility, and cost-effectiveness. Organizations are leveraging cloud platforms to host their control tower solutions, allowing real-time data sharing, collaboration, and accessibility across multiple stakeholders in the supply chain.

The North American market dominated with a revenue share of more than 39.0% in 2022. Control towers are being used more frequently by businesses in North America to analyze their supplier data efficiently and effectively. Control tower adoption is encouraged in the retail industry as businesses look for ways to reduce expenses and boost profitability in the face of fierce competition and rising operating costs. The existence of major control tower suppliers in the area is also highlighting regional growth at the same time.

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Global Control Towers Market

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