Control Towers Market Report 2021-2026, Industry Analysis, Size, Share, Trends and Forecast
According to the latest report by IMARC Group, titled “Control Towers Market; Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global control towers market grew at a CAGR of around 15% during 2015-2020 and expects the market to exhibit strong growth during the next five years.
Control towers are a centralized hub for an active cloud platform, aiming at end-to-end distribution chain control and visibility. They offer a detailed insight into incoming and outgoing shipment services, like advanced shipping notice (ASN) and on-time delivery. Control towers are integrated with warehouse management systems (WMS), enterprise resource planning (ERP), and transportation management systems (TMS).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Control Towers Market Trends:
The global market is primarily driven by the establishment of centralized infrastructures by organizations across different sectors, where control towers offer omnichannel access to information via smart devices. This helps in providing improved security, maintaining a competitive outline in the market, and keeping pace with shifting customer behavior. Moreover, several key players are leveraging advanced technologies, like machine learning (ML) and artificial intelligence (AI), to break down data silos, obtain real-time actionable insights, reduce manual processes, and assist autonomous decision-making. Additionally, the expanding applications of control towers in the healthcare sector to manage the supply of critical equipment and improve patients’ quality of care are also driving the market growth. Besides this, the growing prominence of control towers to mitigate supply chain disruptions and optimize core logistics functions will continue to drive the global market for control towers in the coming years.
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Global Control Towers Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Accenture Plc, Blue Yonder Inc., E2open LLC, Elementum, Infor US LLC (Koch Industries Inc.), Kinaxis Inc., Llamasoft Inc. (Coupa Software Incorporated), One Network Enterprises Inc., Pearlchain.net, SAP SE, Siemens Aktiengesellschaft and Viewlocity Technologies Pty Ltd. (Friedman Corporation).
The report has segmented the market on the basis on region, type, application and end use industry.
Breakup by Type:
Breakup by Application:
- Supply Chain
Breakup by End Use Industry:
- Aerospace and Defense
- Retail and Consumer Goods
- High Technology Products
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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