EMPLOYMENT SCREENING SERVICES MARKET
Opportunities and Forecasts, 2017 – 2023
Pages : 190 Publish Date: Feb 2018
EMPLOYMENT SCREENING SERVICES MARKET
The growth of the employment screening services market is expected to be driven by opportunities in untapped, and emerging markets, and increase in advancement in the information technology and human resources sectors. Furthermore, the emphasis given by newer organizations and startups for background checking is expected to increase the demand for employment screening services during the forecast period.
Onkar Sumant Assistant Manager, Healthcare at AMR.
EMPLOYMENT SCREENING SERVICES MARKET OVERVIEW • The Global Employment Screening Services Market was valued at $2,939.8 million in 2016, and is projected to reach $4,892.3 million by 2023, growing at a CAGR of 7.5% from 2017 to 2022. Criminal background checks as a service is estimated to be the highest revenue contributor during the forecast period. • The growth of the employment screening services market is expected to be supplemented by increase in availability and accessibility of employment screening services in developed as well as developing economies, advantages of employment screening services, and enhanced regulatory compliance associated with these services. . However, risks associated with the safeguarding and disposal of information collected during the hiring process are expected to impede the market growth.
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EMPLOYMENT SCREENING SERVICES MARKET KEY BENEFITS • The education & employment verification segment is projected to grow at the highest CAGR from 2017 to 2023. • The government agencies application segment is expected to witness the highest growth rate during the forecast period. • The criminal background checks service segment generated the highest revenue in 2016, and is expected to continue its dominance in the near future. • North America dominated the global employment screening services market, and is projected to grow at a CAGR of 6.8%. • Asia-Pacific is expected to witness the highest growth rate during the forecast period.
EMPLOYMENT SCREENING SERVICES MARKET BY GEOGRAPHY
EMPLOYMENT SCREENING SERVICES MARKET BY SERVICE
EMPLOYMENT SCREENING SERVICES MARKET BY APPLICATION
KEY PLAYERS IN INDUSTRY • • • • • • • • • • • •
ADP LLC Experian First Advantage HireRight LLC Capita PLC REED, Paychex, Inc. CareerBuilder LLC. Paycor, Inc. Employment Screening Services, Inc. DataFlow Group Lowers Risk Group GoodHire
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EMPLOYMENT SCREENING SERVICES MARKET SEGMENTS
EMPLOYMENT SCREENING SERVICES MARKET
• By Service • Criminal Background Checks • Education & Employment Verification • Credit History Checks • Drug and Health Screening • Others
• By Application • Banking & Financial Sector • Government Agencies • Information Technology • Others
EMPLOYMENT SCREENING SERVICES MARKETBY GEOGRAPHY North America, Europe, Asia-Pacific, LAMEA
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