Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Global Employment Screening Services Market Forecast to 2028 - Analysis by Service, End-user Industry, and Organization Size" report has been added to ResearchAndMarkets.com's offering.
The Employment Screening Services market is experiencing substantial growth, with a projected increase from US$ 5,360.28 million in 2022 to US$ 9,296.65 million by 2028. This growth is driven by factors such as the need for time-efficient selection systems, globalization leading to an influx of job applicants, and the importance of mitigating risks associated with fraudulent activities.
Market Drivers:
- Demand for Time-Efficient Selection Systems: The rising number of job applicants has led to a growing demand for time-efficient selection systems, which streamline the hiring process and increase efficiency.
- Increase in Job Immigrants Amid Globalization: The globalization of job markets has resulted in an influx of job immigrants, further driving the demand for employment screening services.
- Need to Mitigate Risks Associated with Fraudulent Activities: Organizations are increasingly recognizing the importance of thorough background checks to mitigate the risks associated with fraudulent activities by candidates.
Market Restraints:
- Concerns Related to Confidentiality: Some organizations may have concerns related to the confidentiality of candidate data, which could act as a restraint in the adoption of employment screening services.
Market Opportunities:
- Introduction of Big Data: The integration of big data technology is expected to create new opportunities for the employment screening services market, offering enhanced data-driven insights.
Future Trends:
- Demand for Enterprise-Level Software and Database: There is a growing trend towards the adoption of enterprise-level software and databases for more comprehensive employment screening.
- Adoption of Blockchain and Advanced Technologies: Blockchain and other advanced technologies are expected to be increasingly adopted in employee screening processes for enhanced security and accuracy.
- Modifications in Background Screening Processes: Background screening processes are evolving, with modifications and enhancements to address changing needs.
Competitive Portfolio
- Pinkerton Corporate Risk Management
- Hireright, LLC
- A-Check America, Inc.
- Verity Screening Solutions LLC
- Capita plc
- Triton
- Dataflow Group
- Sterling Talent Solutions
- First Advantage
- Accurate Background
- Authbridge
- Insperity
- Goodhire
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 225 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $5.4 Billion |
| Forecasted Market Value (USD) by 2028 | $9.3 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/w8xbmn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
