Forensic Accounting Market is Expected to attain a valuation of USD 11.06 Billion by 2032

MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Forensic Accounting Market.


The Global Forensic Accounting Market is expected to reach USD 11.06 Billion by 2032, registering a CAGR of 7.24% during the forecast period 2024–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.

Increasing adoption of digital tools for investigation and stringent regulations and compliance is driving the global forensic accounting market. Forensic accountants extensively use such tools and services in order to effectively conduct investigative procedures. These accountants are the investigators employed by various firms and agencies who conduct investigations related to financial frauds. In the past, these investigators used traditional methods for data crunching and data analysis. However, with the advent of advanced technologies like analytics, high-level forensic tools such as various accounting and auditing tools and integrated forensic software suite have been developed which are largely used to streamline the investigation. Vendors operating in the market is offering tools and solutions in line with the requirements of forensic accountants. These software tools have the capabilities to analyze and deliver meaningful data with ease. Additionally, this software also has the capabilities to locate all the data on a computer disk and protect the evidence (data) and therefore helps forensic accountants create reports that can be used for legal proceedings.

The adoption of forensic accounting is specifically increasing among accounting firms and law enforcement agencies. Also, with the entry of various forensic accounting solution providers in the market, end users have various vendors to choose from before selecting the suitable solution vendor, which in turn is creating competition in the market. Also, with the introduction of more affordable and comprehensive solutions, the popularity of forensic tools is increasing. All these developments in the market are expected to drive the market forward.

Segmental Analysis

The global forensic accounting market has been segmented on the basis of component, end user, and region

Based on component, the forensic accounting market has been segmented into solution and services. The solution segment includes forensic tools/software, audit/accounting software and other solutions used for investigative purposes. The services segment includes professional services offered by solution providers. These professional services include training, consulting and maintenance services. The solution segment accounted for the larger share in the year 2018, in the overall market. Whereas, the forensic tools sub-segment is expected to grow at the highest CAGR during the forecast period (2019–2025). The growing adoption of forensic tools can be attributed to the growing demand for such software tools among law enforcement agencies and accounting firms.

Based on end user, the forensic accounting market has been segmented into banking and insurance, law enforcement agencies, government, accounting firm, and others. Law enforcement agencies and accounting firms extensively use these tools and software to investigate financial frauds and crimes effectively. Apart from free statistical tools, advanced forensic tools are also being which is driving the overall market.

Competitive Analysis

The key players of the global forensic accounting market are Galvanize, CaseWare IDEA, Arbutus Software Inc., Fulcrum Management, Nuix, Cygna Labs Corp, e-fense, Passware, OpenText, Cellebrite, Sama Audit Systems & Software Pvt Ltd, and AccessData.

Regional Analysis

The regional analysis for the global forensic accounting has been conducted for North America, Europe, Asia Pacific (APAC), and the Middle East & Africa, and South America.

The market in North America accounted for the largest market share in 2018, and it is expected to register strong growth during the forecast period. The key driving factors for the growth of the forensic accounting market in the region include the growing demand for such solutions among enterprises operating in the US, Canada, and Mexico.

The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. For the purpose of analysis, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. This growth can be attributed to the growing adoption of digital forensic solutions largely among law enforcement agencies and various big accounting firms.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 141
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.