The Global Control Towers Market was $5.23 Bn in 2020, and it is expected to reach $23.6 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 14.5% between 2021-2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. The control tower is becoming important in the supply chain and in the transportation ecosystem which becomes easy to track the deliveries in real-time and also to make the delivery process more efficient. This factor will help to accelerate the growth of this market during the forecasted period.
Global Control Towers Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Control Towers Market has been segmented into type, application, and end-use. On the basis of type Global Control Towers Market has been segmented into Analytical, Operational. On the basis of application, it has been segmented into Supply Chain, Transportation. On the basis of end-use it has been segmented into Aerospace & Defense, Chemicals, Retail & Consumer Goods, Healthcare, Manufacturing, High Technology Products, Others.
By Region, North America Is Holding the Major Market Share
The Global Control Towers Market has been segmented into Latin America, North America, Middle East, and Africa, Europe, Asia Pacific. In addition to this, in North America, Global Control Towers Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. Organizations in North America is adopting to manage the increased volumes of data that are generated from the value chains and the usage of data to get business insights. This has led the region to dominate the market during the forecasted period. Besides this Asia Pacific is also going to witness remarkable growth during the forecasted period.
Major Players in Global Control Towers Market
Some of the major players in the Global Control Towers Market include Blue Yonder Group, Inc., E2open, LLC, Elementum, Infor, Kinaxis, Llamasoft, One Network Enterprises, PearlChain, SAP, Viewlocity Technologies Pty Ltd., Agility Insights, Cloudlink, Quantum Asia Solutions, Connext.
The Global Control Towers Market Has Been Segmented Into:
Global Control Towers Market, By Type
Global Control Towers Market, By Application
Global Control Towers Market, By End-Use
Global Control Towers Market, By Region