Rising demand for cloud based, big data analytics, in supply chain sector for increasing end to end visibility and for better efficiency and decision-making process have led to an increase in the demand for control towers, contributing to the Control Towers Market growth in the upcoming years.
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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.
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Professionals spend less time searching through large amounts of matching data sets data, and doing analyses on control tower helps to reduce the time required for searching large amount of data. Professionals may interact with solutions using natural language thanks to AI-powered supply chain control towers. As a result, professionals are being assisted in producing insightful and helpful recommendations by the rising integration of artificial intelligence and machine learning with supply chain control towers.
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The global control towers market share is segmented based on type, application, end-use, and region. By type, it is classified into operational and analytical. By application, it is classified into supply chain and transportation. By end-use, it is classified into aerospace & defense, healthcare, retail & consumer goods, automotive & manufacturing, information & technology, and others.
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By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The key players profiled in the control towers market report include Blue Yonder Group, E2open, INFOR, KINAXIS, SAP SE, DiLX, o9 solutions, ORTEC, Viewlocity Technologies Pty Ltd, and One Network Enterprises.
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Key Findings of the Study
- Based on type, the operational sub-segment emerged as the global leader in 2021 and the analytical sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on application, the supply chain sub-segment emerged as the global leader in 2021 and the transportation sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on end-use, the automotive & manufacturing sub-segment emerged as the global leader in 2021
- 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
- In-depth study of the control towers market forecast is also provided in the report
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