Global Employment Screening Services Market Outlook 2024, Forecast To 2033
19 Feb, 2024
The employment screening services market has shown strong growth, increasing from $4.56 billion in 2023 to $4.84 billion in 2024, with a CAGR of 6.1%. The forecast predicts continued strong growth, reaching $6.48 billion in 2028 with a CAGR of 7.5%. Factors contributing to this growth include increased concerns about workplace security, regulatory compliance requirements, globalization of the workforce, demand for talent quality and fit, and the rising incidence of resume fraud. Key trends in the forecast period include the integration of artificial intelligence in screening processes, continuous monitoring and post-hire screening, an enhanced focus on candidate experience, biometric authentication for identity verification, and blockchain for secure credential verification.
Global Employment Screening Services Market Key Driver
The need to mitigate fraudulent activities by employees is driving the growth of the employment screening services market. The rising instances of fraud during the pandemic highlight the importance of robust screening services to prevent financial and reputational losses for organizations.
Get A Free Sample Of The Global Employment Screening Services Market ReportGlobal Employment Screening Services Market Segments
The employment screening services market covered in this report is segmented –
1)By Services: Background Screening, Verification, Driver Management, Medical And Drug Testing
2)By Verification: Qualification, Employment History Verification, Reference, Other Verifications
3)By Background Screening: Credit Check, Criminal Record
4)By Application: Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel And Hospitality, Government And Education, Transportation, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the employment screening services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the employment screening services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Employment Screening Services Industry Players
Automatic Data Processing Inc.; Capita plc; CareerBuilder LLC; Experian plc; First Advantage Corporation; HireRight LLC; Sterling Talent Solutions Corp.; GoodHire LLC; InfoMart Inc.; Accurate Background LLC; Pre-employ. com Inc.; Sterling Infosystems Inc.; IntelliCorp Records Inc.; Backgrounds Online Inc.; Corporate Screening Services Inc.; Shield Screening LLC; A-Check Global Inc.; Universal Background Screening Inc.; ClearStar Inc.; Trusted Employees & Partners LLC; DataCheck Inc.; Advanced Research Systems Inc.; Edge Information Management Inc.; Orange Tree Employment Screening LLC; General Information Services Inc.; Verified Credentials LLC; Background Investigation Bureau; RiskAware LLC; Proforma Screening Solutions LLC; Peopletrail LLC; Backgrounds Plus Inc.
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Employment Screening Services Market Overview
An employment screening service is a process of examining a candidate and verifying their behavior, credentials, criminal history, and so on to protect a business from a fraudulent employee. The employment screening services are used by companies that are hiring to examine the prospective hires' fit for the job and safety risks.
Employment Screening Services Global Market Report 2023 provides data on the global employment screening services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The employment screening services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.