Report Ocean recently released a research report on the Employment Screening Service Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global employment screening service market was US$ 4.9 billion in 2020. The global employment screening service market is forecast to reach the value of US$ 8.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2021-2030.
Employment screening services are helpful in acknowledging the misrepresented information early. It reduces the chances of future risk and elevates hiring costs. Apart from that, it eliminates the chances of thefts, abuse, and other criminal activities.
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COVID-19 Impact Analysis
The COVID-19 pandemic negatively affected IT & telecom, transportation, and other industries. As a result, t reduced the demand for employment screening services in these sectors. However, sectors like healthcare & retail witnessed sudden growth. Thus, the adoption of employment screening services slightly increased in these sectors. The heavy workforce and continuous operation increased the demand for employment screening services.
The global employment screening service market is forecast to recover once the economies begin recovering. Moreover, favorable government initiatives towards hiring and job policies would ultimately fuel the growth of the global employment screening service market.
Factors Influencing
The employment screening services support the implementation of an efficient screening program. In addition, the growing demand for jobs and vacancies are forecast to create significant opportunities for the players in the global employment screening service market.
Growing modernization and adoption of advanced services and technologies are forecast to drive market growth.
Developing economies are observing sturdy growth in DPI. As a result, it may create growth opportunities for the market players. Moreover, due to increasing urbanization and government policies, the job vacancies in the urban areas also seem increasing. As a result, it would contribute to the growth of the global employment screening service market.
The evolution of Big Data, Artificial Intelligence, and other beneficial technologies and their use in the employment screening service market would create potential scope for market growth.
Geographic Analysis
Regionally, North America holds the highest share in the global employment screening service market due to the presence of prominent companies in the region. Moreover, favorable hiring policies across countries and favorable regulations and restrictions are playing a significant role in regional growth. Companies in the region are widely adopting employment screening services to ensure active hiring. Moreover, the Asia-pacific region is forecast to grow due to growing urbanization and industrialization. In addition, due to the growing population and job seekers, the job vacancies would grow inevitably. Thus, it would positively influence the growth of the global employment screening service market.
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Market segmentation
By Application
- Healthcare
- IT/Technology/Media
- Financial Services
- Staffing
- Retail
- Industrial
- Travel
- Government
- Education
- Transportation
- Others
By Service
- Criminal Background Checks
- Education & Employment Verification
- Credit History Checks
- Drug & Health Screening
- Others Services
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
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- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key Market Players
- ADP LLC
- Capita Plc
- CareerBuilder LLC
- Experian
- First Advantage
- HireRight LLC
- Insperity
- Paychex, Inc
- Paycor, Inc
- Reed
- Sterling
- Other Prominent Players
Table of Content
Chapter 1: Global Employment Screening Service Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Employment Screening Service market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Employment Screening Service Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Employment Screening Service market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Employment Screening Service market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Employment Screening Service market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Employment Screening Service market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Employment Screening Service business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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