Global Employment Screening Services Market
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- Published date: April 19, 2019
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Global employment screening services market was valued US$ 4.01 Bn in 2017 and is expected to reach US$ 6.32 Bn by 2026, at a CAGR of 5.85% during a forecast period.
The employment screening services market is segmented into the service, application, and region. Based on the service, the global employment screening services market is divided into criminal background checks, education & employment verification, credit history checks, drug & health screening, and others. A further application, global employment screening services market are classified banking & financial sector, government agencies, information technology, and others.
Based on regions, the global employment screening services market is divided into five main regions are America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The major driving factor of the employment screening services market is upgraded regulatory compliance, advantages of employment screening services. Additionally, improved quality of workforce is also boosting the employment screening services market growth. Moreover, impact the market growth include the increasing concern for data theft and loss of confidential data among the enterprises.
Technological risks associated with the employment screening data and discrimination concerns are main restraints that impede the market growth.
The untapped potential of emerging markets and improved setup of start-up organizations is key opportunities for market expansion during the forecast period.
Global employment screening services market
In terms of application, the banking & financial sector is anticipated to continue trend throughout the forecast period due to the fact that continuous background checks and employment screening are in high demanded by banking & financial sector in the post financial crisis landscape.
Based on service, the education and employment verification segment is projected to grow at the highest CAGR during the forecast period owing to its high necessity with respect to hiring new employees in an organization.
Geographically, North America market dominates the global employment screening services market regarding revenue due to the rise in demand for employment screening services. However, Asia Pacific is anticipated to show a highest growth rate during the forecast period due to the initiatives taken by government to improve the workplace safety and security.
Key players in the global employment screening services market are Insperity, ADP LLC, Experian, First Advantage, HireRight LLC, Capita PLC, REED, Paychex, Inc., CareerBuilder LLC., and Paycor, Inc. Scope of Global Employment Screening Services Market:
Global Employment Screening Services Market, by Service:
• Criminal Background Checks • Education & Employment Verification • Credit History Checks • Drug & Health Screening • Others
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