Control Tower Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global control tower market size was valued at USD 5,850.8 million in 2020 and is projected to reach USD 17,235.0 million by 2027 growing at a CAGR of 16.5% from 2021 to 2027
The primary factors, driving the worldwide control tower market growth, are technological advancements and continuous innovations in the testing methods used for drug screening and testing, and rigorous investments by major market players in research activities.
Market Dynamics
The increasing emphasis on adoption of advanced methodologies of communication, big-data analysis trends, usage of advanced machinery to predict the movement of data, and the incorporation of more transparent and enhanced measures to bring about elimination in data redundancy is considered to be the major factors influencing the growth of the global control tower market. Many new technological innovations are being implemented to supplement the usage of supply chain management and enterprise resource planning systems thereby replicating mechanisms and influencing the growing need for control towers to access location-specific data, and thereby bringing about more clarity in the functional operation of control towers. Data privacy is one of the most important factors that must be looked into by every business before venturing into the world of data access and fundamental operations associated with data management. However, data security concerns among enterprises may hamper the control tower market growth in the near future.
Regional Overview
The North American region is expected to garner significant revenue share in the global control tower market during the analysis timeframe. The robust growth of the region is owing to the increasing reliance of the industries on the supply chain management system and customer-oriented selling decisions. The active contribution of the leading market players in the North American market across the existing systems and modalities, regional divisions, organizational management systems, divisional supply chain systems have been instrumental towards the growth of the control towers market in North America.
On the other hand, the Asia-Pacific control tower market size is expected to be significant by 2027. This is majorly owing to the rising concerns and increased complexity among organizations of the region to effectively manage risks during supply chain management. Besides, multinationals are highly focused on developing technology-driven, centralized hubs to manage and enhance their supply chain operations and regional networks.
Segment Overview
The control tower market is segmented based on type, application, and end-use. By type, the market is bifurcated into analytical and operational. Among these, the analytical segment is predicted to observe the fastest growth in the projected timeframe. By application, the market is divided into transportation and supply chain. Among these, the supply chain segment is expected to witness robust growth by 2027. By end-use, the market is divided into chemicals, aerospace & defense, retail & consumer goods, automotive & manufacturing, healthcare & pharmaceutical, information & technology, and others. Among these, the automotive and manufacturing segment is expected to dominate in terms of market share over the forecast period.
Competitive Landscape
The control tower market is highly competitive owing to the presence of international as well as local players. Major players in the industry are engaging in various strategies, such as merger & acquisition, technological advancements, novel product launches, and partnerships to hold strong in the market. For instance, in April 2021, IBM launched and declared the availability of ‘IBM Sterling Inventory Control Tower’ which enables companies to create & manage resilient supply chains. Equipped with AI technology, this new control tower is specifically designed to provide insights into the inventory, and identify & recognize the impact of external events to foresee disruptions, and take necessary actions.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of control tower by type, application, end-use, and region. In addition to this, the report describes the market competition situation among the vendors and company profiles, along with value chain features and market price analysis are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Blue Yonder Group, Inc.
- Elementum
- E2open, LLC
- Infor
- Llamasoft
- Kinaxis
- One Network Enterprises
- SAP
- PearlChain
- Viewlocity Technologies Pty Ltd.
- ORTEC
- o9 Solutions
- DiLX
- Siemens Aktiengesellschaft
- IBM Corporation
- Accenture PLC
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Analytical
- Operational
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Transportation
- Supply Chain
End-Use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Chemicals
- Aerospace & Defense
- Retail & Consumer Goods
- Automotive & Manufacturing
- Healthcare & Pharmaceutical
- Information & Technology
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Control Tower Market Overview
1.1. Product Overview and Scope of Control Tower
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Control Tower Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Analytical
1.3.2. Operational
1.4. Global Control Tower Consumption Comparison by Application: 2020 VS 2027
1.4.1. Transportation
1.4.2. Supply Chain
1.5. Global Control Tower Consumption Comparison by End-Use: 2020 VS 2027
1.5.1. Chemicals
1.5.2. Aerospace & Defense
1.5.3. Retail & Consumer Goods
1.5.4. Automotive & Manufacturing
1.5.5. Healthcare & Pharmaceutical
1.5.6. Information & Technology
1.5.7. Others
1.6. Global Control Tower Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Control Tower Estimates
1.6.2. Europe Control Tower Estimates
1.6.3. China Control Tower Estimates
1.6.4. Japan Control Tower Estimates
2. Market Competition by Manufacturers
2.1. Global Control Tower Revenue Market Share by Manufacturers (2020)
2.2. Control Tower Market Share by Company Application(Tier 1, Tier 2 and Tier 3)
2.3. Global Control Tower Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Control Tower Production Sites, Area Served, Types
2.5. Control Tower Market Competitive Situation and Trends
2.5.1. Control Tower Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Control Tower Consumption by Region (2016-2021)
3.1. Global Control Tower Consumption by Region
3.2. Global Control Tower Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Control Tower Consumption Growth Rate (2016-2021)
3.2.3. North America Control Tower Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Control Tower Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Control Tower Consumption Growth Rate (2016-2021)
3.2.7. Europe Control Tower Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Control Tower Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Control Tower Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Control Tower Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Control Tower Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Control Tower Consumption Growth Rate (2016-2021)
3.2.15. South America Control Tower Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Control Tower Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Control Tower Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Control Tower Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Control Tower Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Control Tower Consumption by Type(2016-2021)
4.1. Global Control Tower Price by Type(2016-2021)
4.2. Global Control Tower Revenue Market Share by Type(2016-2021)
4.2.1. Analytical
4.2.2. Operational
5. Global Control Tower Consumption by Application(2016-2021)
5.1. Global Control Tower Price by Application(2016-2021)
5.2. Global Control Tower Revenue Market Share by Application(2016-2021)
5.2.1. Transportation
5.2.2. Supply Chain
6. Global Control Tower Consumption by End-Use(2016-2021)
6.1. Global Control Tower Price by End-Use(2016-2021)
6.2. Global Control Tower Revenue Market Share by End-Use(2016-2021)
6.2.1. Chemicals
6.2.2. Aerospace & Defense
6.2.3. Retail & Consumer Goods
6.2.4. Automotive & Manufacturing
6.2.5. Healthcare & Pharmaceutical
6.2.6. Information & Technology
6.2.7. Others
7. Key Companies Profiled
7.1. Blue Yonder Group
7.1.1. Blue Yonder Group Control Tower Corporation Information
7.1.2. Blue Yonder Group Control Tower Product Portfolio
7.1.3. Blue Yonder Group Control Tower Consumption, Price and Gross Margin (2016-2021)
7.1.4. Blue Yonder Group Main Business and Markets Served
7.1.5. Blue Yonder Group Recent Developments/Updates
7.2. E2open, LLC
7.3. Elementum
7.4. Infor
7.5. Kinaxis
7.6. Llamasoft
7.7. One Network Enterprises
7.8. PearlChain
7.9. SAP
7.10. Viewlocity Technologies Pty Ltd.
7.11. o9 Solutions
7.12. ORTEC
7.13. Siemens Aktiengesellschaft
7.14. DiLX
7.15. IBM Corporation
7.16. Accenture PLC
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Control Tower Distributors List
8.3. Control Tower Customers
9. Market Dynamics
9.1. Control Tower Industry Trends
9.2. Control Tower Growth Drivers
9.3. Control Tower Market Challenges
9.4. Control Tower Market Restraints
10. Global Control Tower Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Control Tower, by Regions and Country
10.1.1. North America Forecasted Consumption of Control Tower by Country
10.1.2. Europe Market Forecasted Consumption of Control Tower by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Control Tower by Region
10.1.4. Latin America Forecasted Consumption of Control Tower by Country
10.1.5. Middle East and Africa Forecasted Consumption of Control Tower by Country
11. Global Control Tower Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Control Tower by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Control Tower by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Application
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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