Press release
Employment Screening Services Market to 2027 Key Opportunities | and Future Demand by Accurate Background, AuthBridge Research Services, A-Check America, DataFlow Group, Capita, First Advantage, HireRight
Employment screening services market in global is expected to grow from US$ 4.12 Bn in 2018 to US$ 6.25 Bn by the year 2027. This represents a CAGR of 4.8% from the year 2019 to 2027.
Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America's employment screening services market size is expected to gradually increase in the coming years till 2027, owing to the highest adoption of employment screening services in the region.
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This report contains:
• Market sizing for the global Employment Screening Services Market.
• Compare major Employment Screening Services providers strategies and approaches to the challenges they face
• Analysis of the effects deglobalisation trends may have for Employment Screening Services providers
• Profiles of major Employment Screening Services providers
• 5-year CAGR forecasts for Employment Screening Services intensive vertical sectors
Big data refers to data collected from huge groups. The internet has been one of the prime factors driving the big data application in the employee screening market. The Internet has made it easy for social networking sites, search engines, marketers, and other sources to collect huge amounts of information about employees.
Information collected from big data can be used by companies to create employee wellness programs, improve their health care policies, and improve internal promotions. According to the American Statistical Association (ASA), 53% of the HR departments use big data to help make strategic decisions for recruitment and selection and managing talent and performance.
Global Employment screening services Market - Companies Mentioned
• Accurate Background, LLC
• AuthBridge Research Services Private Limited
• A-Check America, Inc.
• DataFlow Group
• Capita PLC
• First Advantage
• HireRight, LLC
• Pinkerton Consulting & Investigations, Inc.
• Sterling Talent Solutions
• Triton Inc.
Big Data offers merged information that shrinks unfairness in employment judgments and helps employers make better decisions in recruitment, appraisal and performance evaluations. Big Data, when paired with present advance techniques, can improve the selection of the right candidates, intensify the ability to recognize talent from cross-border, help overcome implicit and explicit biases in the work area and raise equality in access to jobs. Big data brings with it a huge opportunity in recruitment and employee screening process and can be one of the significant tools for an employer to make the decision.
The global employment screening services market by services was led by the verification segment. Background screening segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
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The global employment screening services market by background screening was led by the criminal record segment. The credit check segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
GLOBAL EMPLOYMENT SCREENING SERVICES MARKET – MARKET SEGMENTATION
Global Employment screening services Market by Services
• Background Screening
• Verification
• Driver Management
• Medical & Drug Testing
Global Employment screening services Market by Background Screening
• Credit Check
• Criminal Record
Global Employment screening services Market by Verification
• Qualification
• Employment History Verification
• Reference
• Others
Global Employment screening services Market by Application
• IT & Telecom
• BFSI
• Government Agencies
• Travel & Hospitality
• Manufacturing
• Retail
• Healthcare
• Others
Global Employment screening services Market by Organization Size
• SMEs
• Large Enterprises
Global Employment screening services Market by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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