Forensic Audit Market Size, Share, Industry Growth, Trends, By End Users, By Regions Analysis by 2030

Forensic Audit Market By End Users (Financial Services, Manufacturing, Mining And Oil & Gas, Other Services, Healthcare And Others), And By Region, Opportunities And Strategies – Global Forecast To 2030 By The Business Research Company
The global forensic audit market reached a value of nearly $12,180 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.3% since 2015. Going forward, increasing public and private collaborations, technological developments and rising mergers and acquisition activities will support the market growth in forecast period. Factors that could hinder the growth of the forensic audit market in the future include shortage of skilled labor, expected COVID-19 pandemic causing global recession and emergence of in-house forensic audit.

The key drivers of the forensic audit market include:
Public Private Collaboration – Governments of various countries across the world are collaborating with private forensic audit companies to develop and enhance their country’s business environment. The governments and security exchanges of several countries are appointing private audit firms to keep a check on companies and prevent them from committing fraud.

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Forensic Audit Market Segmentation:
The forensic audit market is segmented by end-use industry, by type of investigation, and by geography.
By End-Use Industry -
The forensic audit market can be segmented by end-use industry into
a) Financial Services
b) Mining, Oil & Gas
c) Manufacturing
d) Healthcare
e) Other Services
f) Others
The financial services was the largest segment of the forensic audit market segmented by type of end use industry, accounting for 38.9% share of the total market in 2019. Going forward, the financial services segment is also expected to be the fastest growing segment in the forensic audit market, at a CAGR of 7.2%.

By Type of Investigation -
The forensic audit market can be segmented by type of investigation into
g) Event and Data Analytics
h) Regulatory Investigations
i) Cross Border Investigations
j) Corruption and Bribery Investigation
k) Accounting Malpractice, and Securities Investigations
l) Other Forensic Audit
The event and data analysis market was the largest segment of the forensic audit market segmented by type of investigation, accounting for 18.4% share of the total market in 2019. Going forward, the event and data analysis market segment is also expected to be the fastest growing segment in the forensic audit market, at a CAGR of 7.7%.

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By Geography - The forensic audit market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the forensic audit market are
• PwC
• Ernst & Young Global Limited
• Deloitte Touche Tohmatsu Limited
• KPMG International
• BDO Global

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