NEW YORK, March 01, 2020 (GLOBE NEWSWIRE) -- The global employment screening service market was valued at USD 4.4 billion in 2019 and is expected to reach USD 5.9 billion by 2025, growing at a CAGR of 4.7% during 2020-2025.
Industry Insights by Service (Criminal Background Check, Identity Check, Verification, Medical & Drug Testing, Electronic Auditing, and Others), by Industry (Energy & Utilities, Financial Services, Government & Education, Healthcare, Hospitality, IT & Telecom, Manufacturing, Transportation, Media and Entertainment, Retail, and Others), by Enterprise Size (Large Enterprise and Small & Medium Enterprise)
Growing number of migrants towards some of the developed nations for grabbing jobs is expected to bring numerous new opportunities for the employment screening service in near future.
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Large enterprise held the larger share in the employment screening service market in 2019
On the basis of enterprise size, the market is bifurcated as large enterprise and small & medium enterprise (SMEs). Among these, large enterprise accounted for the foremost share in the employment screening service market in 2019 with stringent hiring process and guidelines.
Geography Insight
Geographically, North America, is the largest employment screening service market with companies with worldwide existence often seek to harmonize their hiring policies across different authorities although contemplating the various regulations and restrictions around employee scrutinizing can be challenging. Thus, these companies are utilizing employment screening services to ensure an efficient hiring.
Competitive Insight
Some of the key players operating in the employment screening service market are 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 and GoodHire.
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Key Takeaway from the Report:
- Among all the service, verification segment captures largest market share in 2019 and is expected to grow at fastest rate during the forecast period.
- Of all the Industry, in-vehicle accounted for the foremost share in the employment screening service market in 2019.
- Among all the industry, the IT & telecom and retail are two major industry accounted for a foremost share of employment screening service market in 2019.
- Of all enterprise size, large enterprise accounted for the foremost share in the employment screening service market in 2019.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global employment screening service market on the basis of service, industry, enterprise size, and region.
Global Employment Screening Service Market Coverage
Service Insight and Forecast 2015 – 2025
- Criminal Background Check
- Identity Check
- Verification
- Medical & Drug Testing
- Electronic Auditing
- Others
Industry Insight and Forecast 2015 – 2025
- Energy & Utilities
- Financial Services
- Government & Education
- Healthcare
- Hospitality
- IT & Telecom
- Manufacturing
- Transportation
- Media and Entertainment
- Retail
- Others
Enterprise Size Insight and Forecast 2015 – 2025
- Large Enterprise
- Small & Medium Enterprise
Geographical Segmentation
Employment Screening Service Market by Region
North America
- By Service
- By Industry
- By Enterprise Size
- By Country – U.S., Canada, and Mexico
Europe
- By Service
- By Industry
- By Enterprise Size
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Service
- By Industry
- By Enterprise Size
- By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Service
- By Industry
- By Enterprise Size
- By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
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