Employment Screening Services Market Size, Opportunities, Analysis, Growth Factors, Latest Innovations and Forecast 2027 | Coronavirus Effects
Market Highlights
Increasing
burden of fraudulent activities and data theft is likely to primarily drive the
growth of the employment screening services market over the next couple of
years. In addition, key players are anticipated to invest in technological
advancements. This, in turn, is projected to catalyze market expansion in the
foreseeable future.
Employment
screening has become a crucial step in the recruitment process by any
organization. With the advancement in technologies, the services have gained
much popularity in recent years. In the latest report offered by Market
Research Future (MRFR), the global employment screening services market is
anticipated to earn revenues worth USD 4 Bn by 2023. The study highlights that
the market is set to register 8% CAGR across the evaluation period 2017 to
2023.
In
certain regions, employment screening has been mandated by the governments. It
has unleashed developmental opportunities to be capitalized over the years. The
employment screening services market is also likely to witness an influx of
market players, which is poised to contribute to market development in the
years to come.
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Regional
Analysis:
The
geographical study of the global employment screening services market is
covered on a regional as well as a country-level basis. The regions identified
in this report are - North America, Europe, Asia Pacific (APAC), and the Rest of
the World (RoW). North America is currently assessed to hold the largest share
of the global market and is likely to retain it through the assessment period.
It is also estimated to thrive at the highest CAGR over the next couple of
years. Increasing adoption of technology across the industry domains is
expected to boost the growth rate of the employment screening services market
in the years to come. Also, rising cases of frauds and data theft are likely to
increase the demand for employment screening services in the region in the
nearby future. The U.S. and Canada are expected to play major roles in the
development of the regional employment screening services market across the
evaluation period. Europe is also anticipated to witness a steady growth in the
upcoming years. The early adoption of advanced screening software in the region
is projected to motivate the growth trajectory in the nearby future.
Segmentation:
The
segments of the global employment screening services market, based on service
type, are criminal background check services, credit history checks, drug &
health screening, education, and employment verification services, and others.
The
end-user segments of the employment screening services market include
government, information technology, banking, and financial services institute,
industrial, and others.
Competitive
Dashboard:
Employment
Screening Services, Inc (U.S.), Capita plc (U.K), Automatic Data Processing,
Inc (U.S.), CareerBuilder (U.S.), First Advantage Corporation (U.S.), Experian
plc (Ireland), HireRight, Inc (U.S.), Insperity, Inc (U.S.), Paychex, Inc
(U.S.), Paycor, Inc (U.S.), Reed (U.K), are the important participants of the
global employment screening services market. Some of the other key players
assessed in the share analysis included in this MRFR report are Accurate
Background, LLC (U.S.), A-Check America, Inc. (U.S.), AuthBridge (India),
DataFlow Group (UAE), Sterling Talent Solutions (U.S.), Pinkerton Corporate
Risk Management (U.S.), Verity Screening Solutions LLC (U.S.), Insperity, Inc
(U.S.), GoodHire (U.S.), and Lowers Risk Group (U.S.).
Technological
innovations are being emphasized on by the market players to stay ahead of the
curve. In addition, rising investments in research & development are
expected to boost competitiveness among the competitors in the years to come.
Regional expansion is another major area of focus that is poised to encourage
healthy competition among the key players over the next couple of years. The
entry of new players is prognosticated in the upcoming years. Other growth
approaches that can be witnessed in the foreseeable future are mergers &
acquisitions, collaborations, partnerships, etc.
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List
of Tables
Table1
Global Employment Screening Services Market, By Country, 2018-2023
Table2
North America: Employment Screening Services Market, By Country, 2018–2023
Table3
Europe: Employment Screening Services Market, By Country, 2018–2023
Table4
Asia-Pacific: Employment Screening Services Market, By Country, 2018–2023
Table5
Latin America: Employment Screening Services Market, By Country, 2018–2023
Table6
North America: Employment Screening Services Market, By Country
Table7
North America: Employment Screening Services Market, By Application
Table8
North America: Employment Screening Services Market, By Type
Table9
North America: Employment Screening Services Market, By Service
Table10
North America: Employment Screening Services Market, By Vertical
Table11
Europe: Employment Screening Services Market, By Country
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