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Substantial Growth Forecast for Global Customs Audit Market

Posted October 23, 2014

A new report from Dublin based market research firm Markets and Research forecasts that the Global Customs Audit market will grow at a compound annual growth rate of 4.7 percent over the period 2013-2018.
Market Research
The report presents an in-depth analysis of the Global Customs Audit market by segmenting it by type, end-users, and geography. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Customs Audit market: Deloitte Touche Tohmatsu, Ernst & Young, KPMG and PricewaterhouseCoopers.

“Customs is changing the old, transactional model of implementation and the emphasis is on an all-inclusive on-site audit of importers,” states a company press release. “In addition to these audits, countries have placed additional responsibilities on importers and exporters.”

According to the report, one of the key growth stimulators in the Global Customs Audit market is the imposed severe penalties for trade-related transgressions. As smuggling and security concerns are increasing, customs professionals are making regulations stringent, thus propelling the growth of the market.

Further, the report states that increasing trade volumes across regions and the use of just-in-time production technologies have increased the importance of timely and effective administration of customs requirements, leading to high work pressure on customs administration.

Click here to obtain more information about the report and to order online (Note: prices start at £1,613 for a single-user).