Forensic Accounting Services Market Size Worth USD 28.83 Billion By 2027 | Valuates Reports

In 2020, the global Forensic Accounting Services market size was US$ 17.45 billion and it is expected to reach US$ 28.83 billion by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 7.73% during 2021-2027. In China the Forensic Accounting Services market size is expected to grow from US$ 1.97 billion in 2020 to US$ 3.78 billion by 2027, at a CAGR of 10.20% during the forecast period.

As is so often the case, when there’s times of economic stress, financial pressures mount. And COVID-19 has given rise to the perfect storm of uncertainty. Add in the growth of technology, which has escalated the risks of money laundering and cybercrime, along with the tightening of regulatory and law enforcement actions, and the demand for forensic accounting services is on the rise.

Inquire for SAMPLE Report: https://reports.valuates.com/request/sample/QYRE-Auto-1V6018/Global_Forensic_Accounting_Services_Market

Forensic accounting services generally involve the application of specialized knowledge and investigative skills possessed by CPAs to collect, analyze, and evaluate evidential matter and to interpret and communicate findings in the courtroom, boardroom, or another legal or administrative venue. Forensic accountants are often hired to prepare for litigation related to insurance claims, insolvency, divorces, embezzlement, fraud, skimming, and any type of financial theft.

The Forensic Accounting Services industry faces a high level of competition. While the largest accounting firms typically compete for large corporate and government clients, the demand for forensic accounting services from small businesses and individuals is high enough for small operators to flourish in the industry. Consequently, the industry has a significant number of small players, increasing the level of competition.

View Full Report : https://reports.valuates.com/market-reports/QYRE-Auto-1V6018/global-forensic-accounting-services

Leading players in the Global Forensic Accounting Services Market include PwC, Deloitte, Ernst & Young, KPMG International, BDO International, Grant Thornton, RSM International, Baker Tilly, Crowe Global, FTI Consulting, etc. In order to sustain the fierce competition, companies tend to bring novel innovations in technology, which eventually leads to better security from cybercrimes and white-collar crimes. The Forensic Accounting Services market is relatively fragment, the top 5 players in this industry account for about 34% revenue share in 2020.

Major firms will likely pursue growth opportunities in specialized, niche fields under the forensic accounting umbrella and emerging markets overseas. Traditionally, foreign branches of existing firms are independently owned and operated because of differing accounting standards and laws. This trend will likely change in line with a move toward an international standardization of accounting. As a result, there will be increased scope for the export of forensic accounting services from US firms to overseas clients. Over the next five years, the Big Four accounting firms will continue to perform the majority of forensic accounting services because of their well-established relationships with large corporate clients. However, medium-size firms will likely take on an increasing share of forensic accounting work associated with the major public companies, as mergers among regional firms continue. Smaller firms that offer niche forensic accounting practices (e.g. family law and patent litigation) are projected to grow faster than the industry average during the next five years.

Inquire for Customization Report: https://reports.valuates.com/request/customisation/QYRE-Auto-1V6018/Global_Forensic_Accounting_Services_Market

Forensic Accounting Services Market by Type
➣Criminal and fraud investigation
➣Bankruptcy proceedings
➣Risk management
Risk Management occupies the largest market share segmentation, Criminal and Fraud Investigation Type is growing fastest

Forensic Accounting Services Market by Application
➣Large Businesses
➣Government
➣Insurance Professionals
➣Small Businesses
➣Legal Professionals
➣Individuals
Individuals accounted for the largest share of applications at 35.28%

Forensic Accounting Services Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

Major Players in the Forensic Accounting Services Market
➣Ernst & Young
➣PwC
➣Deloitte
➣KPMG International
➣FTI Consulting
➣Kroll
➣AlixPartners
➣Control Risks
➣K2 Intelligence
➣Grant Thornton
➣BDO
➣Alvarez & Marsal
➣Nardello
➣Forensic Risk Alliance (FRA)
➣Charles River Associates
➣Berkeley Research Group
➣Hemming Morse

Similar Reports:

Accounting Software Market: https://reports.valuates.com/reports/QYRE-Othe-4U439/accounting-software

Cloud Accounting Software Market: https://reports.valuates.com/market-reports/QYRE-Auto-2D900/global-cloud-accounting-software

Cloud Billing Market: https://reports.valuates.com/reports/QYRE-Auto-5D6136/global-cloud-billing

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

This release was published on openPR.