Transport & Logistics

The logistics market is large, fragmented and populated by a wide range of differing companies. There are multinational companies offering a comprehensive range of logistics services leading the industry, down to smaller national freight forwarders, offering simple logistics services.

Top 10 countries by Logistics Performance Index (LPI) in 2016 were: Germany, Luxembourg, Sweden, Netherlands, Singapore, Belgium, Austria, UK, Hong Kong / China, U.S. The US accounts for over 42% of the global transportation services sector.

Transportation is the fastest growing sector with a 7% increase annually. And research indicates that the global market value of logistics has surpassed $4trillion, which equates to 10% of global GDP.

Most companies are expecting to strengthen their digital offering to customers, either by using big data analytics to offer services to external customers, digitising their existing products or by developing new digital products.

Transportation and logistics companies rate the future importance of data analytics higher than any other sector.