VANCOUVER, BC, Dec. 27, 2021 /PRNewswire/ -- The global
supply chain control tower market size reached USD 3.60 Billion in 2020 and is expected to
register a significantly robust revenue CAGR during the forecast
period, according to latest analysis by Emergen Research.
Increasing demand for AI-enabled supply chain control tower
solutions for smart alerts is one of the major factors expected to
continue to drive market revenue growth.
Drivers:
Preference among various professionals for Artificial
Intelligence-enabled smart-alert capabilities is relatively high,
as this solution helps to analyze downstream and upstream impacts
of events on clients and prioritize actions to more efficiently
manage disruptions. Professionals are frequently overwhelmed with
data, and AI-enabled smart alerts assist them with sorting through
large volumes of relevant data from various sources to focus on the
most important problems.
AI-powered supply chain control tower solution also helps to
look deeper into specific aspects of a disruption and problem to
determine the primary cause and come up with an effective plan of
action. Demand for these solutions is expected to increase across
various industries and sectors over the forecast period owing to
the advantages and benefits offered.
Free Sample PDF Copy of the Report
Available@ https://www.emergenresearch.com/request-sample/869
Restraints:
Organizations face significant challenges in assessing and
ensuring high quality of data accessible by the supply
chain control tower. Quality of data inputs influence the
output quality of visibility and insights. As a result, poor data
quality can lead to poor visibility. Therefore, data
quality issues and shortage of trained professionals to
generate insights are some key factors expected to hamper market
revenue growth to some extent.
Growth Projections:
The global supply chain control tower market is expected to
register a revenue CAGR of 15.9% over the forecast period and
revenue is projected to increase from USD
3.60 Billion in 2020 to USD 11.54
Billion in 2028. Increasing demand for autonomous
decision-making tools is among the key factors boosting market
revenue growth.
COVID-19 Impact Analysis:
Businesses have been adversely affected by the COVID-19
pandemic, which has hampered innovations and reduced
profitability across various industries and sectors globally.
Supply chain disruptions affect demand and production plans,
creating financial risks for businesses. As supply chains have been
slowed down by lockdowns, deployment of newer technologies
such as control towers has been affected, but only for a short
term. However, the outbreak is catalyzing the creation of
better distribution and production networks in order for
manufacturers and suppliers to effectively meet global demand for
various products. Organizations are also focusing on adoption of
such technologies to be able to more effectively forecast and
manage supply chain difficulties and also to bring in more
modernization to be able to keep up with various advancements.
Buy your Exclusive copy @
https://www.emergenresearch.com/select-license/869
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 alerting. Insights save professionals
much time when it comes to searching through data volumes,
matching, and analysis. AI-powered supply chain control towers
offer the benefit of enabling professionals to communicate with
solutions utilizing natural language. Thus, increasing integration
of Artificial Intelligence and Machine Learning with supply chain
control towers is helping professionals to generate useful insights
and recommendations. This is expected to boost market revenue
growth during the forecast period.
Geographical Outlook:
Asia Pacific supply chain
control tower market is expected to register a significantly steady
revenue CAGR over the forecast period. This is due to robust
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 major 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
- On 29 November 2021, Kinaxis
Inc., the expert in driving agility for rapid, confident
decision-making in an uncertain environment, announced that it
would be expanding the customer value offered in partnership with
its worldwide partner ecosystem by introducing new partners to the
Value Added Reseller (VAR) program in 2022. This will offer a
Kinaxis RapidResponse starter package, Kinaxis Planning One, to
assist mid-market businesses and enterprises entering new markets
in transitioning from Excel or a patchwork of point solutions to an
end-to-end foundation for sophisticated supply chain planning with
the shortest time to go live in the market.
Have a look at Report Description and Table of Contents of
Market Report@
https://www.emergenresearch.com/industry-report/supply-chain-control-tower-market
Emergen Research has segmented the global supply chain
control tower market on the basis of control tower type,
application, end-use, and region:
- Control Tower Type Outlook (Revenue, USD Billion;
2018–2028)
-
- Application Outlook (Revenue, USD Billion;
2018–2028)
-
- Inventory Management
- End to End Supply Chain Management
- Supply Assurance
- Fulfillment & Order Data Integration
- Others
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
-
- Retail
- Healthcare
- Aerospace and Defense
- Industrial
-
- Automotive
- Manufacturing
- Chemicals
- Others
Christmas & Year End Discount Available on Smart
Buildings market report@
https://www.emergenresearch.com/request-discount/869
- Regional Outlook (Revenue, USD Billion; 2018–2028)
-
- North America
-
- Europe
-
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
Explore Related Reports by Emergen Research:
The global meter data management system market size reached
USD 237.3 Million in 2020 and is
expected to reach USD 1,040.9 Million
in 2028 registering a CAGR of 20.2%. meter data management (MDM)
system industry report classifies global market by share, trend,
growth and on the basis of component, deployment mode, application,
end use and region.
The global Development, Security, and Operations market size
reached USD 2.55 Billion in 2020 and
is expected to reach USD 23.42
Billion in 2028 registering a CAGR of 32.2%. DevSecOps
industry report classifies global market by share, trend, growth
and on the basis of component, deployment, organization size,
end-use, and region.
The global metadata management solutions market size reached
USD 113.15 Billion in 2020 and is
expected to reach USD 275.40 Billion
in 2028 registering a CAGR of 11.8%. Metadata management solutions
industry report classifies global market by share, trend, growth
and on the basis of offering, deployment, type, end-use, and
region.
The global Development, Security, and Operations market size
reached USD 2.55 Billion in 2020 and
is expected to reach USD 23.42
Billion in 2028 registering a CAGR of 32.2%. DevSecOps
industry report classifies global market by share, trend, growth
and on the basis of component, deployment, organization size,
end-use, and region.
The global Network Performance Monitoring and Diagnostics market
size was USD 2.44 Billion in 2020 and
is expected to reach USD 7.93 Billion
in 2028 and register a revenue CAGR of 15.8%. NPMD industry report
classifies global market by share, trend, growth and on the basis
of product type, application, organization size, end use, and
region.
The global emerging memory technologies market size reached
USD 4.17 Billion in 2020 and is
expected to reach USD 34.66 Billion
in 2028 registering a CAGR of 30.7%. Emerging memory technologies
industry report classifies global market by share, trend, growth
and on the basis of technology, application, and region.
The global naval Intelligence, Surveillance, Reconnaissance
market size was USD 13.17 Billion in
2020 and is expected to reach USD 16.24
Billion in 2028 registering a CAGR of 2.6%. Naval ISR
industry report classifies global market by share, trend, growth
and on the basis of vessel type, application, and region.
About Emergen Research
Emergen Research is a market research and consulting company
that provides syndicated research reports, customized research
reports, and consulting services. Our solutions purely focus on
your purpose to locate, target, and analyze consumer behavior
shifts across demographics, across industries, and help clients
make smarter business decisions. We offer market intelligence
studies ensuring relevant and fact-based research across multiple
industries, including Healthcare, Touch Points, Chemicals, Types,
and Energy. We consistently update our research offerings to ensure
our clients are aware of the latest trend's existent in the market.
Emergen Research has a strong base of experienced analysts from
varied areas of expertise. Our industry experience and ability to
develop a concrete solution to any research problems provides our
clients with the ability to secure an edge over their respective
competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Custom Intelligence services | Growth Consulting
Services
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release@
https://www.emergenresearch.com/press-release/global-supply-chain-control-tower-market
View original
content:https://www.prnewswire.com/news-releases/supply-chain-control-tower-market-size-to-reach-usd-11-54-billion-in-2028--rising-demand-for-autonomous-decision-making-tools-is-a-key-factor-driving-industry-revenue-growth-says-emergen-research-301450865.html
SOURCE Emergen Research