Supply Chain Control Tower Market Size To Reach USD 11.54 Billion In 2028

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VANCOUVER, BC, Dec. 27 2021 / PRNewswire / – The global supply chain control towers market size reached $ 3.60 billion in 2020 and is expected to register a significantly robust revenue CAGR over the forecast period, according to the latest analysis from Emergen Research. The growing demand for AI-based supply chain control tower solutions for smart alerting is one of the major factors expected to continue driving the market revenue growth.

Conductors:

The preference among various professionals for intelligent alerting capabilities enabled by artificial intelligence is relatively high, as this solution makes it possible to analyze the downstream and upstream impacts of events on customers and to prioritize actions to manage more efficiently. disturbances. Businesses are often overwhelmed with data, and AI-enabled smart alerts help them sort through large volumes of relevant data from a variety of sources to focus on the issues that matter most.

The AI-powered supply chain control tower solution also helps delve into specific aspects of a disruption and problem to determine the root cause and come up with an effective course of action. The demand for these solutions is expected to increase in various sectors and industries during the forecast period due to the advantages and benefits offered.

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Constraints:

Organizations face significant challenges in assessing and ensuring the high quality of data accessible through the supply chain control tower. The quality of the data inputs influences the quality of the visibility and information output. Therefore, poor data quality can lead to poor visibility. Hence, data quality issues and shortage of skilled professionals to generate information are key factors which are expected to hamper the revenue growth of the market to some extent.

Growth projections:

The global supply chain control towers market is expected to register a CAGR of 15.9% during the forecast period and the revenue is expected to increase by $ 3.60 billion in 2020 at $ 11.54 billion in 2028. Growing demand for standalone decision support tools is among the key factors driving the market revenue growth.

COVID-19 impact analysis:

Businesses have been affected by the COVID-19 pandemic, which has hampered innovations and reduced profitability in various industries and sectors around the world. Supply chain disruptions affect demand and production plans, creating financial risks for businesses. As supply chains have been slowed down by blockages, the deployment of new technologies such as control towers has been affected, but only in the short term. However, the epidemic is catalyzing the creation of better distribution and production networks so that manufacturers and suppliers can effectively meet global demand for various products. Organizations are also focusing on adopting these technologies to be able to predict and manage supply chain difficulties more effectively and also bring more modernization to be able to keep up with various advancements.

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Current trends and innovations:

Supply chain control towers can use machine learning (ML) and artificial intelligence (AI) to generate insights, in addition to visibility, monitoring, and alerts. Information saves professionals a lot of time when it comes to searching through volumes of data, matching and analyzing. AI-powered supply chain control towers offer the advantage of enabling professionals to communicate with solutions using natural language. Thus, the increasing integration of artificial intelligence and machine learning with supply chain control towers helps professionals generate useful information and recommendations. This is expected to drive the market revenue growth over the forecast period.

Geographic perspectives:

Asia Pacific The supply chain control towers market is expected to register a significantly stable revenue CAGR during the forecast period. This is due to the strong presence of major players, such as Elixia Tech Solutions Pvt. Ltd. and PandoCorp Private Limited, among others, in countries in the region.

Strategic initiatives:

Some large companies included in the market report are SAP SE, Infor, Inc., International Business Machines Corporation, Kinaxis, Inc., o9 Solutions, Inc., Publicis Sapient, Elixia Tech Solutions Pvt. Ltd., Blue Yonder Group, Inc., One Network Enterprises, Inc. and PandoCorp Private Limited

  • At November 29, 2021, Kinaxis Inc., the expert in agile driving for fast and confident decision-making in an uncertain environment, announced that it will extend the customer value offered by partnering with its global partner ecosystem by introducing new partners to the reseller at added value (VAR) in 2022. This will deliver a Kinaxis RapidResponse starter package, Kinaxis Planning One, to help mid-sized businesses and businesses entering new markets move from Excel or a patchwork of point solutions to an end-to-end basis for sophisticated supply chain planning with the shortest time to market.

Consult the report description and the market table of contents [email protected] https://www.emergenresearch.com/industry-report/supply-chain-control-tower-market

Emergen Research has segmented the Global Supply Chain Control Towers Market Based on Control Tower Type, Application, End Use, and Region:

  • Control Tower Outlook (Revenue, USD Billion; 2018-2028)
  • Application Outlook (Revenue, USD Billion; 2018-2028)
    • Inventory management
    • End-to-end supply chain management
    • Supply assurance
    • Integration of execution and order data
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2018-2028)
    • Retail
    • Health care
    • Aeronautics and Defense
    • Industrial
  1. Automotive
  2. Manufacturing
  3. Chemical products
  • Others
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    • Regional Outlook (Revenue, USD Billion; 2018-2028)
      • North America
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Benelux
        • Rest of Europe
      • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of APAC
      • Latin America
      • Middle East & Africa
        • Saudi Arabia
        • United Arab Emirates
        • South Africa
        • Turkey
        • Rest of the MEA

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    About emerging research

    Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal to locate, target and analyze changes in consumer behavior across demographics and industries, and help customers make smarter business decisions. We offer market intelligence studies ensuring relevant and evidence-based research across multiple industries including healthcare, touchpoints, chemicals, types, and energy. We are constantly updating our research offerings to make sure our clients are up to date with the latest market trends. Emergen Research has a solid base of experienced analysts from various fields of expertise. Our industry experience and our ability to develop a practical solution to any research problem gives our clients the opportunity to gain an edge over their respective competitors.

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