The forensic accounting makes use of auditing, accounting, and investigative skills to conduct and examine the finances of individuals or businesses. The financial accountants interpret, analyze, and summarize complex financial and business cases. These financial accountants may be hired by any insurance company, government agency, financial institution, bank, or any public accounting firm. The forensic accountants accumulate financial evidence, manage & collect information, and communicate the findings in the form of presentations and reports.
MARKET DYNAMICS
The rising financial frauds and to conduct the efficient investigation are some of the significant factors driving the growth of the forensic accounting market. However, the use of freely available tools by investigators is one of the major factors which may restrain the growth of the forensic accounting market. Additionally, different data analysis tools and data mining solutions are utilized by different forensic accounting investigators in high-profile crimes and frauds, which is the major factor anticipated to boost the growth of the forensic accounting market.
MARKET SCOPE
The "Global Forensic Accounting Market Analysis to 2028" is a specialized and in-depth study of the forensic accounting market with a special focus on the global market trend analysis. The report aims to provide an overview of forensic accounting market with detailed market segmentation by component, end user. The global forensic accounting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading forensic accounting market players and offers key trends and opportunities in the forensic accounting market.
MARKET SEGMENTATION
The global forensic accounting market is segmented on the basis of component, end user. On the basis of component, the market is segmented as solution, services. On the basis of end user, the market is segmented as BFSI, law enforcement agencies, government, accounting firm, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global forensic accounting market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The forensic accounting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting forensic accounting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the forensic accounting market in these regions.
MARKET PLAYERS
The reports cover key developments in the forensic accounting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from forensic accounting market are anticipated to lucrative growth opportunities in the future with the rising demand for forensic accounting market. Below mentioned is the list of few companies engaged in the forensic accounting market.
The report also includes the profiles of key forensic accounting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AccessData
- Arbutus Software Inc.
- CaseWare IDEA Inc.
- Cellebrite
- e-fense
- Fulcrum Financial Inquiry LLP
- Nuix
- OpenText Corporation
- Passware Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.