Forensic Accounting Market to Grow at a Brisk CAGR through 2025
Increasing number of internet users leading to the rise in
cyber and financial crimes rate to drive global forensic accounting market
According to TechSci Research report, “Global Forensic Accounting Market By Type of Investigation (Criminal and Fraud Investigation;
Bankruptcy Proceedings; Risk Management; Event & Data Analysis; Regulatory
Investigations; Cross Border Investigations; Other Forensic Audit), By Organization Size (SMEs; Large Enterprises),
By Purpose (Litigation Support, Criminal Investigation,
Possible Fraud Detection, Others), By End User (Financial Services,
Insurance Professionals, Manufacturing, Healthcare, Government, Other Services),
By Region, Forecast & Opportunities, 2025”, global forensic accounting market is expected
to grow at a brisk CAGR during the forecast period owing to increasing cases of
frauds and cyberattacks. As enterprises expand, the amount of data load also
increases, which elevates the risk for fraudulent activities, which in turn, is
driving global forensic accounting market.
Forensic accounting utilizes auditing, accounting and
investigative skills to keep a track of complex finances of an individual or a
business. It is also used to recognize unauthentic transactions and investigate
for every little evidence related to the crime with the help of share prices,
financial data and other important stats.
Browse XX market data
Tables and XX Figures spread through XX Pages and an
in-depth TOC on "Global Forensic Accounting Market"
https://www.techsciresearch.com/report/forensic-accounting-market/4677.html
Global forensic accounting market is segmented based
on investigation, organization size, purpose, end user and region. The
organization size segment is further bifurcated into small & medium
enterprises (SMEs) and large enterprises. Large enterprises accounted for
dominant share in 2019 since they undergo more interactions with international
organizations and other direct parties, hold more data, and have more connected
users all over the world and therefore, are more prone to
white-collar crimes. More the white-collar crimes, more is the requirement
of forensic accounting, and hence, more is the market share of large
enterprises.
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4677
Customers can also request for 10% free
customization on this report.
Some of the leading players
in global forensic accounting market include Ernst & Young LLP, Deloitte
LLP, FTI Consulting Inc, Kroll LLC, Forensic Risk Alliance Ltd, Mcgrathnicol
Services Pty Ltd, K2 Intelligence LLC, Grant Thornton LLP, AlixPartners LLP, Hemming
Morse LLP, etc. In order to expand their market share, the companies adopt
various strategies like new service launches, collaborations and many more. For
example, McGrathNicol, an Australia-based firm which provides professional
services, has collaborated with an IT start-up ResponSight to launch FDetect, a
webserver that assists forensic investigations and cyber-warning processes.
“North America
held the dominant share in the market in 2019 and the trend is likely to
continue in the coming years as well due to the increasing adoption of software
& tools which can be used for forensic accounting supplied by various
accounting firms and government organizations. Moreover, surging investments in
forensic accounting by various end users and presence of leading players in the
region is further expected to bolster the growth of North America forensic
accounting market in the next five years.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Forensic Accounting
Market By Type of Investigation (Criminal
and Fraud Investigation; Bankruptcy Proceedings; Risk Management; Event &
Data Analysis; Regulatory Investigations; Cross Border Investigations; Other
Forensic Audit), By Organization Size (SMEs;
Large Enterprises), By Purpose (Litigation
Support, Criminal Investigation, Possible Fraud Detection, Others), By
End User (Financial Services, Insurance Professionals, Manufacturing,
Healthcare, Government, Other Services), By Region, Forecast &
Opportunities, 2025”, has evaluated the future growth potential of global forensic
accounting market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global forensic accounting
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]