Technologies such as Global Trade Compliance Systems and economic conditions are changing rapidly these days. This also has an impact on future market trends in the Global Trade Compliance sector. The new market forecast from ARC Advisory Group provides an all-encompassing picture of this market for the coming years (2021 – 2026).
The Global Trade Compliance Systems market study revealed that MIC is the leading software supplier in the EMEA region, with a market share of 19.4%.
In addition, MIC remains to be the number one supplier of Global Trade Compliance software solutions for the automotive industry globally. MIC reached a global market share in the automotive sector of 36.3%.
The broad range of the MIC software solutions as well as its coverage of 55+ countries on 6 continents allowed for a considerable expansion of its customer base in the EMEA region. Besides many large multinational companies across various industries also international mid-size firms have implemented the MIC Customs & Global Trade Compliance software solution and are benefitting from MIC's coverage and experience.
Global organizations can benefit in particular from the following software solutions:
- MIC-CUST®: MIC's Customs Filing software solution for Global Customs Management empowers companies to easily create automatic electronic import and export declarations for more than 55 countries on 6 continents. A single technical platform connected to a large number of national customs authority systems enabling electronic data exchange.
- MIC CCS: Avoid manual mistakes and increase the level of automation for the whole classification process with MIC’s Central Classification System! Correct product classification and export control classification according to national customs tariffs and export control commodity lists are ensured.
- MIC OCS: MIC’s Origin Calculation System provides the necessary tools for an improved free trade agreement management incl. automated origin calculation as well as supplier solicitation. Reduced or zero duty rates, decreased costs as well as optimized resource and supply chain planning, enabled through an efficient software solution.
- MIC ECM: Export control compliance is a challenging task for exporting companies. MIC ECM facilitates the central management of export control classification, denied party screening resp. checking sanctions lists and embargos, determining licensing requirements (including license management), as well as checks of end use and/or end users.
Using GTC solutions enables trading organizations to optimize operations and to ensure compliance to trade laws and regulations. Especially in industries with high volumes & customs duties, innovative and automated GTC software solutions are optimal decision-making tools leading to cost savings and competitive advantage!
About MIC:
MIC is the world leader in providing global customs and trade compliance software solutions. The MIC group currently employs 450+ professionals around the world. More than 800 international customers rely on MIC software products for their global customs and trade compliance management solutions.
For more information about MIC and how we could help your operations, please contact us via [email protected].