Employment Screening Services Global Market Report 2024

Description

“Employment Screening Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on employment screening services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for employment screening services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The employment screening services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Automatic Data Processing Inc.; Capita plc; CareerBuilder LLC; Experian plc; First Advantage Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

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.

The main services of the employment screening services market are background screening, verification, driver management, and medical and drug testing. Background screening refers to the process of investigating the backgrounds of potential employees to help companies make informed decisions regarding prospective job applicants. The various verifications done are qualification, employment history verification, reference checks, and other verifications. The background screening offered includes credit checks and criminal records. The various applications are healthcare, IT/technology/media, financial services, staffing, retail, industrial, travel and hospitality, government and education, transportation, and other applications.

The employment screening services market research report is one of a series of new reports from The Business Research Company that provides employment screening services market statistics, including employment screening services industry global market size, regional shares, competitors with a employment screening services market share, detailed employment screening services market segments, market trends and opportunities, and any further data you may need to thrive in the employment screening services industry. This employment screening services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The employment screening services market size has grown strongly in recent years. It will grow from $4. 56 billion in 2023 to $4. 84 billion in 2024 at a compound annual growth rate (CAGR) of 6. 1%. The growth in the historic period can be attributed to increased concerns about workplace security, regulatory compliance requirements, globalization of workforce, demand for talent quality and fit, rising incidence of resume fraud.

The employment screening services market size is expected to see strong growth in the next few years. It will grow to $6. 48 billion in 2028 at a compound annual growth rate (CAGR) of 7. 5%. The growth in the forecast period can be attributed to emphasis on remote work background checks, adoption of advanced screening technologies, growing importance of diversity and inclusion screening, expansion of gig economy and freelance work, growing demand for remote hiring. Major trends in the forecast period include integration of artificial intelligence in screening processes, continuous monitoring and post-hire screening, enhanced focus on candidate experience, biometric authentication for identity verification, blockchain for secure and transparent credential verification.

The rising need to reduce fraudulent activities done by employees is expected to propel the growth of the employment screening services market going forward. Fraudulent activities refer to deliberate acts with the intention of obtaining an unauthorized benefit, such as money or property. The rising need to reduce fraudulent activities by newly hired employees with the intent of preventing financial and reputational loss to the organization. For instance, according to a 2021 study carried out by Experian, an Australia-based data analytics company, more than 45% of businesses in India have seen an increase in fraud amid the pandemic. Therefore, the rising need to reduce fraudulent activities done by employees is driving the employment screening services market growth.

The increased demand for remote work is expected to propel the growth of the employee screening services market going forward. Remote work refers to a work arrangement in which employees perform their job tasks and responsibilities from a location outside of the traditional office or workplace. Employee screening services in remote work help employers verify the qualifications, backgrounds, and suitability of remote job candidates to ensure trust, security, and compliance. For instance, in 2022, a survey conducted by FlexJobs' Career Pulse, a US-based provider of platforms serving the freelance community, gathered responses from 4,000 participants between July and August 2022. The survey revealed that 65% of the respondents expressed a strong preference for full-time remote work, while 32% expressed a desire for a hybrid work arrangement. This high percentage of 97% indicates that most workers wish to have the option of working remotely in some capacity. Therefore, the increased demand for remote work is driving the employee screening services market.

Major companies operating in the event management software market are developing innovative solutions such as criminal monitoring solutions to meet and exceed the needs of employers. The criminal monitoring solution offers continuous monitoring to enhance workforce integrity and security, setting new industry standards. It provides real-time insights and increased competitive value for clients and their employees. For instance, in April 2023, Brand Kraken, a US-based company that provides human resources services, launched its criminal monitoring solution, a comprehensive global employment background screening and drug testing platform to set new standards in the industry by providing continuous criminal monitoring beyond initial background checks, aiming to exceed the needs of employers and employees while ensuring workforce integrity and security. The reason behind the launch is to offer an innovative and superior solution.

Technological advancements are the key trend gaining popularity in the employment screening services market. Major companies operating in the market are developing technologically advanced offerings to streamline the customer and candidate experience. For instance, in May 2021, HireRight, a US-based group background screening company, launched its Applicant Center and offered its vaccination history questionnaire. This service allows employers to receive candidate or employee vaccination records quickly and conveniently. The service features a series of four questionnaires, namely the vaccination history questionnaire, the respirator medical questionnaire, the tuberculosis exposure questionnaire, and the COVID-19 vaccination questionnaire. This service offers employers the ability to efficiently screen the health records of employees. The questionnaire is based on the guidelines of various government regulatory bodies.

In December 2021, ClearStar Inc, a US- provider of Human Capital Integrity technology-based services, Employment Screening Resources (ESR) for an undisclosed amount. Through this acquisition, ClearStar Inc aimed to expand its operational capacity coast-to-coast, strengthen customer service, and leverage the strengths of both companies. Employment Screening Resources (ESR)is a US-based company offering background screening and drug-testing services and technology.

Major companies operating in the in the employment screening services market report are 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.

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

The countries covered in the employment screening services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The employment screening services market consists of revenues earned by entities by providing pre-employment physical examination and talent assessment tests. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10328

1. Executive Summary

2. Employment Screening Services Market Characteristics

3. Employment Screening Services Market Trends And Strategies

4. Employment Screening Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Employment Screening Services Market Size and Growth

5.1. Global Employment Screening Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Employment Screening Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Employment Screening Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Employment Screening Services Market Segmentation

6.1. Global Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Background Screening
Verification
Driver Management
Medical And Drug Testing
6.2. Global Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Qualification
Employment History Verification
Reference
Other Verifications
6.3. Global Employment Screening Services Market, Segmentation By Background Screening, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Credit Check
Criminal Record
6. 4. Global Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Healthcare
IT/Technology/Media
Financial Services
Staffing
Retail
Industrial
Travel And Hospitality
Government And Education
Transportation

7. Employment Screening Services Market Regional And Country Analysis

7.1. Global Employment Screening Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Employment Screening Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Employment Screening Services Market

8.1. Asia-Pacific Employment Screening Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Employment Screening Services Market

9.1. China Employment Screening Services Market Overview
9.2. China Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Employment Screening Services Market

10.1. India Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Employment Screening Services Market

11.1. Japan Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Employment Screening Services Market

12.1. Australia Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Employment Screening Services Market

13.1. Indonesia Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Employment Screening Services Market

14.1. South Korea Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Employment Screening Services Market

15.1. Western Europe Employment Screening Services Market Overview
15.2. Western Europe Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Employment Screening Services Market

16.1. UK Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Employment Screening Services Market

17.1. Germany Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Employment Screening Services Market

18. 5. France Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Employment Screening Services Market

19. 9. Italy Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Employment Screening Services Market

20.13. Spain Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Employment Screening Services Market

21.1. Eastern Europe Employment Screening Services Market Overview
21.2. Eastern Europe Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Employment Screening Services Market

22.1. Russia Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Employment Screening Services Market

23.1. North America Employment Screening Services Market Overview
23.2. North America Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Employment Screening Services Market

24.1. USA Employment Screening Services Market Overview
24.2. USA Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Employment Screening Services Market

25.1. Canada Employment Screening Services Market Overview
25.2. Canada Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Employment Screening Services Market

26.1. South America Employment Screening Services Market Overview
26.2. South America Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Employment Screening Services Market

27.1. Brazil Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Employment Screening Services Market

28.1. Middle East Employment Screening Services Market Overview
28.2. Middle East Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Employment Screening Services Market

29.1. Africa Employment Screening Services Market Overview
29.2. Africa Employment Screening Services Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Employment Screening Services Market, Segmentation By Verification, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Employment Screening Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Employment Screening Services Market Competitive Landscape And Company Profiles

30.1. Employment Screening Services Market Competitive Landscape
30.2. Employment Screening Services Market Company Profiles
- 30.2.1. Automatic Data Processing Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Capita plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. CareerBuilder LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Experian plc
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. First Advantage Corporation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Employment Screening Services Market Competitive Benchmarking

32. Global Employment Screening Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Employment Screening Services Market

34. Employment Screening Services Market Future Outlook and Potential Analysis

34.1 Employment Screening Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Employment Screening Services Market In 2028 - Segments Offering Most New Opportunities
34. 3 Employment Screening Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer