WILMINGTON, DE, UNITED STATES, May 3, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Control Towers Market, by Type, by Application, by End Use : Global Opportunity Analysis and Industry Forecast, 2021-2030".
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.
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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.
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Competitive Analysis:
The competitive environment of Control Towers Industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, Control Towers Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Key Players:
Blue Yonder Group
E2open
INFOR
KINAXIS
SAP SE
DiLX
o9 solutions
ORTEC
Viewlocity Technologies Pty Ltd
One Network Enterprises and Many More
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
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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.
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