The report forecasts the global customs audit market to grow at a CAGR of 5.15% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the emergence of new economic powerhouses in recent years has compelled companies to explore new markets, causing a significant change in trade patterns. For instance, a decade ago, China was not the top trading partner of G20 economies. Today, it has become the largest trading partner of six economies including Australia, Japan, India, South Korea, Russia, and South Africa. During the forecast period, APAC will continue to be the most dynamic region for trade and account for the fastest growth of merchandise exports. Although APAC economies are new and unexplored, customs duty and indirect tax landscapes are very complex in Asian countries. Therefore, the need to manage customs-related challenges of international trade steers the demand for professional service providers.
Further, the report states that revenues from customs account for the majority of revenue collected by governments in comparison to internal taxes. With countries having different compliances regulations, vendors face the difficulty in the standardization of services to clients. Also, most emerging countries do not have centralized customs declaration systems, and goods crossing different local borders are subject to customs declaration at each location. This disrupts the entire supply chain of importers and exporters. The requirement for customs declaration at each local border reduces uniformity in the process.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Segmentation by service
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/f6q9zl/global_customs
Laura Wood, Senior Manager
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SOURCE Research and Markets