Mordor Intelligence has published a new report on the Forensic Accounting Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The Forensic Accounting Market is gaining strong momentum worldwide, reflecting the growing emphasis on corporate transparency, fraud prevention, and compliance with tightening regulations. According to recent estimates, the forensic accounting market size is valued at USD 7.20 billion in 2025 and is projected to reach USD 9.77 billion by 2030, advancing at a CAGR of 6.29%. This expansion highlights how businesses, government entities, and financial institutions are increasingly turning to forensic accounting services to strengthen internal controls, investigate irregularities, and resolve disputes effectively.
Key Trends Driving the Forensic Accounting Market
Growing Focus on Fraud Detection and Investigation
Fraudulent financial practices, embezzlement, and misappropriation of funds remain persistent concerns across both private and public sectors. Organizations are prioritizing early detection through forensic audits, advanced digital tools, and expert-led investigations. The push for real-time monitoring and stronger fraud prevention systems is enhancing demand for specialized services.
Expansion of Litigation Support and Dispute Resolution
Legal disputes related to contracts, mergers, acquisitions, and shareholder claims are on the rise, creating a significant need for litigation support services. Forensic accountants are increasingly relied upon to provide objective assessments, financial evidence, and expert testimony in courtrooms, thereby strengthening their role in dispute resolution strategies.
Rise in Valuation and Economic Damage Assessments
Business valuation services, particularly in scenarios of mergers, acquisitions, and dissolutions, are seeing notable traction. Forensic accountants are being tasked with calculating economic damages, assessing lost profits, and determining fair business value. This segment is witnessing rising adoption across industries facing financial restructuring or partnership disputes.
Strengthening of Risk Management and Compliance Services
With regulatory authorities tightening financial reporting and auditing standards, companies are adopting more robust compliance frameworks. Forensic accounting firms are playing a vital role in guiding businesses through complex compliance mandates, anti-money laundering checks, and corporate governance audits. This focus on risk management is reinforcing the Forensic Accounting Market Share of leading service providers.
Growing Adoption of Cyber Forensics and Insurance Claim Services
The increasing frequency of cyber fraud, data breaches, and digital financial manipulation is boosting the importance of cyber forensic services. Additionally, the insurance sector is experiencing growing reliance on forensic accountants for claim verification and fraud analysis. These emerging areas are broadening the service portfolio within the Forensic Accounting Market Size.
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Market Segmentation of the Forensic Accounting Market
The market is segmented based on service type, end-user industry, organization size, and geography.
By Service Type
- Fraud Detection & Investigation
- Litigation Support & Dispute Resolution
- Valuation & Economic Damages
- Risk Management & Compliance
- Others (Cyber Forensics, Insurance Claims, etc.)
By End-user Industry
- Banking, Financial Services & Insurance (BFSI)
- Government & Public Sector
By Organization Size
- Small & Medium Enterprises (SMEs)
By Geography
North America currently leads adoption, supported by advanced financial regulations, large corporate structures, and extensive legal requirements. Europe follows closely, driven by increasing compliance measures and cross-border financial oversight. Asia-Pacific is seeing rapid expansion, with rising fraud investigations, corporate governance reforms, and strong demand across emerging economies. South America and the Middle East & Africa are steadily developing markets, where the adoption of forensic accounting is gaining momentum with growing attention to financial transparency and accountability.
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Key Players in the Forensic Accounting Market
The competitive environment is shaped by global professional service firms and specialized consulting companies delivering comprehensive forensic accounting solutions.
- PwC – Offers extensive forensic services covering investigations, compliance, and financial analysis across diverse industries.
- Deloitte – Provides litigation support, forensic technology, and dispute advisory expertise at a global scale.
- KPMG – Focuses on risk management, regulatory compliance, and cyber forensic services to help organizations address complex challenges.
- Ernst & Young (EY) – Known for forensic integrity services, fraud detection, and global compliance advisory.
- FTI Consulting – Specializes in economic damages, valuation services, and dispute resolution for large corporate and legal clients.
These companies are continuously expanding their service portfolios by integrating digital forensic tools, strengthening global networks, and offering customized solutions tailored to different industries. Their collective expertise ensures businesses have access to trusted forensic partners to navigate disputes, investigations, and regulatory demands.
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Conclusion
The Forensic Accounting Market is set for steady expansion as financial irregularities, regulatory demands, and corporate disputes continue to intensify. Fraud detection, litigation support, and risk management remain the backbone of market demand, while cyber forensics and insurance-related services represent emerging growth avenues.
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