In a transformative development, the International Centre for Trade Transparency and Monitoring brings attention to the escalating investments in Supply Chain Control Towers (SCCTs), set to exceed a significant $10 billion by 2025, according to ABI Research. The surge in adoption is evident across diverse industries, with manufacturers, logistics service providers (LSPs), and retailers taking the lead, commanding shares of 17%, 18%, and 15% of revenues, respectively.
SCCTs serve as vital tools for data aggregation, and industries with extensive supply and distribution networks are at the forefront of this transformative trend. However, the growth trajectory extends to various sectors aiming to enhance control over their assets, partners, equipment, people, and processes,” notes Ryan Wiggin, Analyst specializing in Supply Chain Management & Logistics at ABI Research.
- Diverse Providers in the SCCT Market: The SCCT market showcases a convergence of three provider types — established supply chain system providers integrating their point solutions into a unified platform, big data analytics firms tailoring solutions for SCCTs, and emerging supply chain software vendors dedicated to end-to-end network solutions.
- Global Adoption Trends: Currently, European and North American organizations lead in SCCT adoption, driven by established vendor markets and growing asset tracking regulations. However, a notable shift is expected as the Asia-Pacific and Latin America SCCT markets are projected to experience robust growth with double-digit compound annual growth rates from 2024 to 2030.
This surge in SCCT investments represents a pivotal shift in how industries approach supply chain management, emphasizing the need for unified platforms that enhance data-driven decision-making and optimize operational efficiency. The International Centre for Trade Transparency and Monitoring closely monitors these trends, recognizing the transformative impact on global trade and logistics practices.