(EMAILWIRE.COM, August 26, 2023 ) As per Maximize Market research, the Forensic Accounting Market was USD 5.42 Billion in 2022 and is expected to grow at a CAGR of 8.7 percent over the forecast period to reach USD 8.91 Billion by 2029.
Forensic Accounting Market Report Scope and Research Methodology
The report provides a complete analysis of region-wise and segment-wise analysis of the Forensic Accounting Market share. The bottom-up approach was used to estimate the Forensic Accounting Market size. SWOT is used to identify the threats and weaknesses of the market while PESTLE is used to employ the competitive intensity of the Forensic Accounting Market.
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Forensic Accounting Market Dynamics
The Forensic Accounting Market is experiencing growth due to increased financial fraud and corporate scandals, necessitating expert investigation and prevention. Stricter regulations and the need for accurate financial reporting drive demand for forensic accountants. Advancements in technology, cybercrime, and globalization further amplify the market as businesses seek specialized skills to uncover financial irregularities and ensure legal compliance.
Forensic Accounting Market Regional Insights
North America dominated the Forensic Accounting Market in 2022 due to its mature legal and regulatory environment, higher instances of financial fraud, and large corporate sector. The region’s emphasis on corporate governance, robust law enforcement, and sophisticated financial markets contributes to its dominant position in the forensic accounting industry.
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Forensic Accounting Market Segmentation
By Industry
Banking And Finance
Healthcare
Manufacturing
Retail And E-Commerce
Government And Public Sector
By Organization Size
Small And Medium Enterprises (SMEs)
Large Enterprises
By Service Type
Fraud Detection And Investigation
Litigation Support
Risk Assessment And Management
Financial Dispute Resolution
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Forensic Accounting Market Key Competitors include:
Deloitte
KPMG
Kroll
Mazars
BDO Global
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Forensic Imaging Market – The market size is expected to reach USD 10.36 Bn by 2029 at a CAGR of 9.8 percent during the forecast period.
Forensic Swabs Market -The Market size is expected to reach USD 46.49 Bn by 2029 at a CAGR of 3.99 percent during the forecast period.
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