Press release
Customs Audit Market Size, Share, Growth Drivers, Trends Analysis, Forecast, and Industry Outlook 2023-2028
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Customs Audit Market Overview:
Customs audit refers to the verification process conducted by customs authorities to ensure compliance with regulations and legal requirements for the import and export of goods. It is generally performed on importers, exporters, or customs brokers to assess their adherence to legal requirements. A customs audit involves the verification of customs-related information, a risk-based selection process and investigation through interviews and document review. Some of the advantages offered by customs audit include facilitating trade, enhancing security, and contributing to proper revenue collection for the government.
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Global Customs Audit Market Trends:
The market is primarily driven by the considerable rise in the complexity of customs regulations globally. This can be attributed to the stringent regulations implemented by government and regulatory bodies of several countries in enforcing customs regulations involving high penalties and reputational risks. Moreover, the rapid expansion of international trade and the growing number of customs transactions are creating lucrative opportunities in the market. In addition to this, the rising numbers of fraud cases and security breaches is leading to the rising need for mitigating the risk of non-compliance, fraud, and security attacks.
Furthermore, the incorporation of advanced technologies, such as automation, artificial intelligence (AI), and data analytics in real-time monitoring, and anomaly identification is creating a positive market outlook. Some of the other factors contributing to the market include the rapid growth of cross-border e-commerce, an enhanced focus on supply chain security, and extensive research and development (R&D) activities.
Key Market Segmentation:
Competitive Landscape:
• Baker Tilly International Ltd.
• BDO International Ltd.
• Deloitte Touche Tohmatsu Ltd.
• Ernst & Young Global Ltd.
• Grant Thornton International Ltd
• KPMG International Ltd.
• Larkin Trade International
• PricewaterhouseCoopers LLP
• Ryan LLC
• Schenker AG
• World Wide Customs Brokers Ltd.
Type Insights:
• Customs Advisory Services
• Customs Audit Services
Breakup by Region:
• North America (United States, Canada)
• Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact us:
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About us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organisations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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