According to a new market research report published by sheer analytics and insights, “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”, as per the latest market research report titled, Global Control Towers Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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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. For many businesses, the last mile delivery is still a challenge because of the issues that are related to the lack of visibility, driver speed, inefficiency, allocation. By creating an ecosystem it helps to focus on transparency businesses will help to gain more visibility in the real-time status of the order and to reduce the risk of the possible issues to get data on how to manage orders more easily. But the current COVID-19 pandemic has affected many businesses negatively.
Geographically, The Global Control Towers Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in 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.
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The Global Control Towers Market Has Been Segmented Into:
Global Control Towers Market, By Type
Global Control Towers Market, By Application
- Supply Chain
Global Control Towers Market, By End-Use
- Aerospace & Defense
- Retail & Consumer Goods
- High Technology Products
Global Control Towers Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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