This report was recently updated on July 20 2024 with the latest and most recent
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Global Control Towers Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Type (Operational, Analytical), By Application (Transportation, Supply Chain), By End-Use (Chemicals, Healthcare, Manufacturing, Retail & Consumer Goods, Aerospace & Defence, High Technology Products, Others), By Region (North America, Asia-Pacific, Middle East and Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Control Towers Market Insights
The control towers market is expected to follow an upward path during the forecast period. Control towers are cloud-based solutions acting in the capacity of the distribution and data collection units. Through data collection centers, control towers enable visibility among businesses, countries, and transportation. They also help the logistics partners to make informed decisions, cater to growing customer needs, and improve the supply chain mechanism and operations. Effective working supply chains are essential in food processing industries, manufacturing units, and the medical field which pushes the demand for the control towers in the market. The ongoing pandemic poses serious threats to the market that can deter the market growth and demand. The rising domestic trade and businesses, and the need for data-driven models in the COVID-19 situation will lead to high demand for the control towers.
Control Towers Market: By Type
Based on the type, the market takes into account analytical and operational. Operational control towers are expected to grow in an upward direction in this market. They are used for both analyzing and taking action. They are a larger system supporting the transactional needs, analysis, and helps in the day to day operations of the trading partners. The analytical type would grow moderately given that they can only perform the analysis function and does not take into account the corrective/measurement needs.
Control Towers Market: By Application
Based on the application, the market is segregated into transportation and supply chain. The supply chain segment would account for a major market chunk given the importance of control towers in the supply chain operations. Control towers provide the visibility of the environment to the business, decision-making tool, take action, monitor, and manages the operations relied upon real-time analytics. It also helps the businesses to maximize the networks. The transportation segment would also grow rapidly in this market. Transport control towers provide logistics solutions, GPs tracking, and intelligent solutions for package delivery which enhances their importance in the market and also drives the market demand. They are concerned mainly with inbound and outbound transportation.
Control Towers Market: By End Use
Based on the end-user, the market is branched into chemicals, healthcare, manufacturing, retail & consumer goods, aerospace & defense, high technology products, others. The manufacturing segment is expected to grow in an upward direction in this market. The provision of real-time analysis, growing need for the faster, and on-time delivery of the packages will lead to the high segment growth in the market. The healthcare segment would also be moving on a high trajectory growth path as it would lead to improvements in patient care, management, and delivery through the digitalization of the data records.
Control Towers Market: By Region
Based on the region, Asia-Pacific would lead the market towards high growth. New infrastructural projects focusing on the supply chain, acquisition strategies, and global presence of market players in the provision of high-end solutions will drive the market’s growth in the region.
Market Share and Competitive Analysis
Some of the key players operating in the market include Data Labs India, KWE, IBM, Accenture, GEFCO, Noatum Logistics, DSV, Bain &Company, ORTEC, One Network Enterprise, Agility, Siemens, GitaCloud, Vonage, IDS, Allyn International, Grupo Sese, and GEODIS among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2020, the Walplast launched a unique program ‘Supply Chain Control Tower’ to establish the information center for the forecasting of the supply chain.
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The Global Control Towers Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Control Towers Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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