Frequently Asked Questions
The global customs audit market was valued at USD 7.9 Billion in 2022.
The customs audit market is expected to grow at a CAGR of 3.00% between 2023 and 2030, reaching USD 9.71 Billion in 2030.
Customs advisory services are the leading segment by type, holding over 43% share in value in 2022.
The customs audit services segment governs the global demand for customs audits, holding a massive share of over 80% in 2022.
Customer advisory services are now crucial due to the increased emphasis on customer-centric business models.
Asia Pacific is fueling the growth of the customs audit industry, with an over one-third share in 2022.
The top players include Baker Tilly International Ltd., BDO International Ltd., Deloitte Touche Tohmatsu Ltd., Ernst & Young Global Ltd., Grant Thornton International Ltd, and KPMG International Ltd.
The volume of goods crossing international borders has significantly increased due to the expansion of global trade, which is the major market driver.
Expensive to hire external customs audit services or to purchase cutting-edge hardware and software for internal audits are the major market restraints.
Businesses require specialized assistance to successfully navigate the complexity of customs regulations as they continue to change and become more complex, with significant growth potential in the Asia Pacific region.