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The Forensic Auditing Market size was estimated at USD 18.70 billion in 2023, USD 20.11 billion in 2024, and is expected to grow at a CAGR of 8.13% to reach USD 32.33 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Forensic auditing focuses on gathering evidence and analyzing financial records to detect fraud, conflicts of interest, embezzlement, and other illegal activities or discrepancies. It involves using investigative techniques such as interviews, document reviews, and tracing transactions to identify potential issues with the accuracy and reliability of an organization's financial statements. The rising incidences of cybercrimes and frauds in financial institutions are accelerating the adoption of forensic auditing services to uncover criminal behavior such as embezzlement. However, the high cost and ethical issues associated with forensic auditing may adversely impact the use of forensic auditing services. Moreover, the integration of accounting, auditing, and investigative skills with innovative technologies is expected to encourage the adoption of forensic auditing services by the end-use sectors worldwide.
Regional Insights
The forensic auditing market is evolving in the Americas owing to the presence of well-established banks, technology companies, and healthcare organizations and the growing need to mitigate financial fraud. The growing need to comply with the standards implemented by the regional government and the presence of imminent forensic providers are proliferating the growth of the forensic services market in the APAC region. The vast presence of oil & gas, manufacturing, and healthcare sectors in the EMEA region is expanding the use of forensic auditing services. Additionally, the adoption of innovative digital solutions by forensic auditing service providers is expected to assist the end-use sectors in generating evidence-based data and mitigate fraud.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Forensic Auditing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Forensic Auditing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Forensic Auditing Market, highlighting leading vendors and their innovative profiles. These include AlixPartners, LLP, Alvarez & Marsal Holdings, LLC., Aon PLC, Baker Tilly US, LLP, BDO International Limited, Berkeley Research Group, LLC, Control Risks Group Holdings Ltd, CRA International, Inc., Crowe LLP, Deloitte Touche Tohmatsu Limited, Eide Bailly LLP, Eisner Advisory Group LLC, Ernst & Young Global Limited, FTI Consulting, Inc.,, GHD Advisory, Grant Thornton International Ltd, HKA Global, KPMG International Limited, Kroll, LLC., Navigant Consulting, Inc., PKF O'Connor Davies LLP, PricewaterhouseCoopers International Limited, Protiviti Inc. by Robert Half International Inc., and RSM International Ltd.Market Segmentation & Coverage
This research report categorizes the Forensic Auditing Market to forecast the revenues and analyze trends in each of the following sub-markets:- Investigation Type
- Accounting Malpractice & Securities Investigations
- Corruption & Bribery Investigation
- Cross Border Investigations
- Event & Data Analytics
- Regulatory Investigations
- End-use Industry
- Financial Services
- Healthcare
- Manufacturing
- Mining
- Oil & Gas
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Forensic Auditing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Forensic Auditing Market?
- What are the technology trends and regulatory frameworks in the Forensic Auditing Market?
- What is the market share of the leading vendors in the Forensic Auditing Market?
- Which modes and strategic moves are suitable for entering the Forensic Auditing Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Forensic Auditing Market, by Investigation Type
7. Forensic Auditing Market, by End-use Industry
8. Americas Forensic Auditing Market
9. Asia-Pacific Forensic Auditing Market
10. Europe, Middle East & Africa Forensic Auditing Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- AlixPartners, LLP
- Alvarez & Marsal Holdings, LLC.
- Aon PLC
- Baker Tilly US, LLP
- BDO International Limited
- Berkeley Research Group, LLC
- Control Risks Group Holdings Ltd
- CRA International, Inc.
- Crowe LLP
- Deloitte Touche Tohmatsu Limited
- Eide Bailly LLP
- Eisner Advisory Group LLC
- Ernst & Young Global Limited
- FTI Consulting, Inc.,
- GHD Advisory
- Grant Thornton International Ltd
- HKA Global
- KPMG International Limited
- Kroll, LLC.
- Navigant Consulting, Inc.
- PKF O'Connor Davies LLP
- PricewaterhouseCoopers International Limited
- Protiviti Inc. by Robert Half International Inc.
- RSM International Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 20.11 Billion |
| Forecasted Market Value ( USD | $ 32.33 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
