Dublin, Jan. 19, 2022 (GLOBE NEWSWIRE) -- The "Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The global employment screening market is forecasted to reach US$5.45 billion in 2025, experiencing growth at a CAGR of 5.50% during the period spanning from 2021 to 2025.
Growth in the global employment screening market has been supported by factors swelling youth population, increasing urban population, increasing number of startups, improved regulatory compliance, enhanced quality of the workforce, rising digitalization, growing data theft and data destruction. However, the market growth would be challenged by discrimination concerns and a time-consuming process.
The global employment screening market can be categorized into the following sectors: IT & Telecom, Manufacturing, Retails, Banking, Financial Services & Insurance, Travel & Hospitality, Government Agencies, Healthcare and Others. In 2020, the dominant share of the global employment screening market was held by the IT & Telecom sector. The market is anticipated to experience certain trends like the involvement of artificial intelligence, an increase in mobile workforce and job immigrants owing to globalization, automated employee screening services, and growing international opportunities.
The global employment screening market can be segmented into the following regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2020, the dominant share of the global employment screening market was held by North America. There is a growing demand for time-efficient selection systems in North America owing to the rising number of job applicants.
The U.S. employment screening market can be segmented into three services: Verification, Background Screening, and Drug Testing. In 2020, the dominant share was held by Verification screening. This was being followed by Background Screening and Drug Testing screening services.
Scope of the report
- The report provides a comprehensive analysis of the global employment screening market.
- The major regional markets for the global employment screening market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Sterling, Accurate Background, HireRight, ADP LLC, Checkr, First Advantage) are also presented in detail.
Key Topics Covered:
1. Market Overview
2. Impact of COVID-19
3. Global Market Analysis
3.1 Global Employment Screening Market Forecast by Value
3.2 Global Employment Screening Market by Sector
3.2.1 Global IT & Telecom Employment Screening Market Forecast by Value
3.2.2 Global Manufacturing Employment Screening Market Forecast by Value
3.2.3 Global Retail Employment Screening Market Forecast by Value
3.2.4 Global Banking, Financial Services and Insurance Employment Screening Market Forecast by Value
3.2.5 Global Travel & Hospitality Employment Screening Market Forecast by Value
3.2.6 Global Government Agencies Employment Screening Market Forecast by Value
3.2.7 Global Healthcare Employment Screening Market Forecast by Value
3.2.8 Global Others Employment Screening Market Forecast by Value
3.3 Global Employment Screening Market by Region
4. Regional Market Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Youth Population
5.1.2 Mounting Urban Population
5.1.3 Rising Number of Start-ups
5.1.4 Improved Regulatory Compliance
5.1.5 Enhanced Quality of Workforce
5.1.6 Rising Digitalization
5.1.7 Growing Data Theft and Data Destruction
5.2 Key Trends & Developments
5.2.1 Involvement of Artificial Intelligence
5.2.2 Increase in Mobile Workforce and Job Immigrants Owing to Globalization
5.2.3 Automated Employee Screening Services
5.2.4 Growing International Opportunities
5.3 Challenges
5.3.1 Discrimination Concerns
5.3.2 Time Consuming Process
6. Competitive Landscape
6.1 Global Market
6.1.1 Market Capitalization Comparison - Key Players
6.1.2 Global Market Share Comparison - Key Players
7. Company Profiles
7.1 ADP LLC
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 HireRight LLC
7.2.1 Business Overview
7.2.2 Business Strategies
7.3 Sterling
7.3.1 Business Overview
7.3.2 Business Strategies
7.4 First Advantage
7.4.1 Business Overview
7.4.2 Business Strategies
7.5 Accurate Background
7.5.1 Business Overview
7.5.2 Business Strategies
7.6 Checkr, Inc.
7.6.1 Business Overview
7.6.2 Business Strategies
For more information about this report visit https://www.researchandmarkets.com/r/wqlhde
