How big is the Forensic Accounting Market?

The Forensic Accounting Market size is expected to reach USD 6.30 billion in 2024 and grow at a CAGR of 6.29% to reach USD 8.55 billion by 2029. Read More

What is the current Forensic Accounting Market size?

In 2024, the Forensic Accounting Market size is expected to reach USD 6.30 billion. Read More

Who are the key players in Forensic Accounting Market?

Arbutus Software Inc., Caseware International Inc., Cellebrite, Cygna Labs Corp. and Ernst & Young Global Limited are the major companies operating in the Forensic Accounting Market. Read More

Which is the fastest growing region in Forensic Accounting Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Forensic Accounting Market?

In 2024, the North America accounts for the largest market share in Forensic Accounting Market. Read More

What years does this Forensic Accounting Market cover, and what was the market size in 2023?

In 2023, the Forensic Accounting Market size was estimated at USD 5.90 billion. The report covers the Forensic Accounting Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Forensic Accounting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Forensic Accounting Market Trends

Statistics for the 2023 & 2024 Forensic Accounting market trends, created by Mordor Intelligence™ Industry Reports. Forensic Accounting trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Forensic Accounting Industry

Rising Cloud-Based Management and Security Services is Driving the Market

Forensic accounting facilitates information exchange and enhances the efficiency and effectiveness of investigations. Moving to the cloud facilitates remote work and processing or aligns rules to reduce the impact of changes in forensic accounting data protection regulations. These are the main benefits driving revenue growth in this segment.

With the need for increased security and timely updates, the demand for cloud-based forensic accounting solutions is on the rise. Businesses can monitor their finances anytime, anywhere, with the help of cloud-based forensic accounting tools. Collaboration and easy access to all financial information is made easier with cloud-based forensic accounting systems. With cloud computing, it’s easier than ever to ensure transparency and responsibility in accounting services. Cloud-based forensic accounting solutions also offer scalability and scalability to enhance corporate operations. As a result, the global market for forensic accounting services continues to grow.

Forensic Accounting Market: Public Cloud Management and Security Services Market Size, In USD Billion, 2018-2023

Understand The Key Trends Shaping This Market

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North America Continues to Dominate the Market Due to Rising Fraud Cases

The forensic accounting market is dominated by North America. This is largely due to the high adoption of forensic accounting tools and software by government agencies and accounting firms. Additionally, due to the presence of a large number of vendors providing comprehensive solutions to organizations in North America. the region is witnessing market growth. The forensic accounting industry in the region is expanding due to technological innovations and changes to existing systems by large companies. Additionally, the increase in fraud cases is driving revenue growth in the forensic accounting market in the region.

E-commerce online payment fraud accounted for USD 41 million in losses last year and is expected to cost merchants more than USD 48 billion worldwide in the current year, according to a report by Juniper Research. Of this staggering figure, North America accounts for 42% by value, while Europe accounts for 26%.