According to the latest report by IMARC Group, titled “Employment Screening Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,“The global employment screening services market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2020
Historical Period: 2015-2020
Forecast Period: 2021-2026
Employment screening services refer to the investigation of the educational, credit and criminal background of a candidate by the employer or the organization. These services are used to verify the accuracy of the information and to ensure that the candidates have the necessary credentials. They include verification of the previous organization, bankruptcy checks, job titles, address confirmation, seniority and salary confirmations. Employment screening services provide improved safety and security, regulatory compliance, quality hiring and minimal risk of workplace violence. As a result, they find extensive applications across the transportation, healthcare, hospitality and education industries.
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Note: We are regularly tracking the direct impact of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends and Drivers:
The global employment screening services market is increasingly driven by the increasing focus on the enhanced quality of the workforce. Employment screening services help strengthen the recruitment process and screen the candidates efficiently. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and machine learning solutions, that assist in defining the skills and selecting appropriate candidates, are providing a thrust to the market growth. Other factors, including a significant rise in the number of startups, as well as the development of cloud-based recruiting and staffing solutions, are expected to drive growth toward the market.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
A-Check America Inc., ADP Inc., Capita PLC, CareerBuilder LLC, Experian plc, First Advantage, HireRight LLC, Insperity, Paychex Inc., Paycor Inc., REED and Sterling.
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Employment Screening Services Market Coverage and Industry Segmentation:
The report segmented the market based on region, service, organization size, application.
Market Breakup by Service:
- Criminal Background Checks
- Education and Employment Verification
- Credit History Checks
- Drug and Health Screening
Market Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by Application:
- IT & Technology and Media
- Financial Services
- Travel and Hospitality
- Government and Education
Market Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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