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

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

PR Newswire

VANCOUVER, BC, Dec. 27, 2021

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.

Emergen Research Logo

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 

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:

Christmas & Year End Discount Available on Smart Buildings market report@ https://www.emergenresearch.com/request-discount/869

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

Logo: https://mma.prnewswire.com/media/1579538/Emergen_Research_Logo.jpg

Voltar noticias em Inglês