A bright future for the logistics market
Dublin-based intelligence provider research and markets has published its latest "Global Logistics Market Report and Forecast 2022-2027’".
According to its findings, the global logistics market reached a business value of about USD 9,525 billion in 2021. Driven by digitisation, the market is projected to grow excessively at a CAGR of 5.7% between 2022 and 2027. In five years, the value is estimated to reach a level of USD 13,326.3 billion.
The logistics services such as consultation, transportation, packaging, legal services, warehousing, and management, among others, become more interesting for companies and investors, due to the industry's worldwide applications that allow businesses to enhance their presence globally. Such factors are propelling the growth of the market. (cd)