The global market is highly fragmented. CSA Research’s database alone lists more than 18,500 LSPs, with the largest 100 LSPs garnering only 11% of global revenue. Furthermore, 59% of those 18,500+ LSPs have only two-to-five employees, while 86% have 20 or fewer. The majority of the existing $43 billion global market is served by minimally-capitalized entities, which lack the resources to invest in the cutting-edge technologies that will define the industry in the years to come.