According to a new report, published by KBV research, The Global Control Tower Market size is expected to reach $14.6 billion by 2028, rising at a market growth of 15.2% CAGR during the forecast period.
The Analytical segment is showcasing a CAGR of 15.8% during (2022 - 2028). The analytical control tower is exclusively used for analysis. It can assist in organizing and monitoring decisions and execution across functions and companies to optimize the network as a whole. In addition to the constant demand for a unified cost-saving solution, it is anticipated that the expanding volume of data across supply chains would fuel the demand for analytical control tower solutions across industry verticals.
The Supply Chain segment acquired maximum revenue share in the Global Control Towers Market by Application in 2021 thereby, achieving a market value of $9.5 billion by 2028. In the supply chain, a control tower is used to gather the appropriate technology, processes, and organization and to use supply chain data to improve visibility for short- and long-term choices that are in line with strategic objectives.
The Automotive & Manufacturing segment has shown the growth rate of 13.6% during (2022 - 2028). Manufacturers throughout the automotive and manufacturing industries face a unique set of supply chain problems as a result of the increased demand fluctuation, new supply chain risks, rising consumer expectations, and the growing complexity of their goods.
The North America market dominated the Global Control Towers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5.2 billion by 2028. The Europe market is exhibiting a CAGR of 14.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 16% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/control-towers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Blue Yonder Group, Inc. (Panasonic Corporation), E2open Parent Holdings, Inc., Kinaxis, Inc., o9 Solutions, Inc., DiLX, Ortec B.V., Viewlocity Technologies Pty Ltd. (Friedman Corporation), One Network Enterprises, Inc., and Infor, Inc. (Koch Industries).
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