Dublin, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The "Customs Audit - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Customs Audit is estimated at US$9.6 Billion in 2023 and is projected to reach US$13 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the customs audit market is driven by several factors. Firstly, the expansion of global trade and the increasing volume of cross-border transactions have heightened the need for robust customs compliance mechanisms. Secondly, the tightening of international trade regulations and the introduction of new trade agreements have increased the complexity of customs compliance, necessitating more frequent and detailed audits. Thirdly, advancements in technology, such as artificial intelligence and machine learning, are enabling more efficient and effective audit processes, allowing customs authorities to handle larger volumes of data and identify discrepancies more accurately.
Additionally, the growing emphasis on corporate governance and risk management is prompting companies to adopt proactive customs compliance strategies, including regular internal audits and the use of compliance management tools. The rise in e-commerce and the corresponding increase in small parcel shipments have also necessitated more stringent customs oversight, further driving the demand for customs audits. These factors collectively contribute to the increasing importance and growth of the customs audit market, ensuring that it remains a critical aspect of international trade operations.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Customs Audit Services segment, which is expected to reach US$9.5 Billion by 2030 with a CAGR of a 4.3%. The Customs Advisory Services segment is also set to grow at 5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.6 Billion in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Customs Audit Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Customs Audit Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Customs Audit Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bizsolindia, BKR Consultants Ltd., DB SCHENKER, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Bizsolindia
- BKR Consultants Ltd.
- DB SCHENKER
- Deloitte Touche Tohmatsu Ltd.
- Edge Worldwide Logistics
- Ernst and Young Global Ltd.
- Farrow Ltd.
- Grant Thornton LLP
- Hillier Hopkins
- Intertek Group PLC
- KPMG International Ltd.
- Larkin Trade International
- MBG Corporate Services
- PricewaterhouseCoopers International Limited
- Ryan LLC
Key Attributes
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $9.6 Billion |
| Forecasted Market Value (USD) by 2030 | $13 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Customs Audit - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Complexity of Global Trade Regulations Propels Market Growth
- Technological Innovations in Audit and Compliance Tools Strengthen Business Case
- Rising Focus on Trade Compliance and Risk Management Drives Market
- Expansion of International Trade and E-commerce Expands Addressable Market
- Rising Adoption of Data Analytics and Artificial Intelligence in Audits Drives Market Growth
- Increasing Focus on Transparency and Accountability in Trade Practices Propels Market
- Rising Investment in Trade Facilitation and Infrastructure Boosts Market
- Growing Awareness of Ethical and Sustainable Trade Practices Sustains Market
- Impact of Technological Advancements on Customs Audit Processes
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/juagjj
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