employment screening services Market to grow with 4.9% CAGR during 2021 to 2031

The global employment screening services market was valued at US$ 4.4 billion in 2021 and it is anticipated to grow up to US$ 7.1 billion by 2031, at a CAGR of 4.9% during the forecast period.

Global employment screening services report from Global Insight Services is the single authoritative source of intelligence on employment screening services market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Employment screening is the process of examining a candidate to protect an organization from a fraudulent employee. It examines the candidate's behavior, verifies credentials, verifies criminal histories, examines social media, and drug screening activity, which benefits the firm by reducing workplace violence, and preventing incorrect hiring. It is widely used in the banking & financial sectors, IT, and other industries, such as government agencies, healthcare, manufacturing, and retail.

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Major Players in the Global Employment Screening Services Market
The key players studied in the global employment screening services market are Accurate Background (US), AuthBridge Research Services Pvt. Ltd. (India), A-Check America, Inc. (US), DataFlow Group (UAE), Capita PLC (UK), First Advantage Corporation (US), HireRight, LLC (US), Pinkerton Consulting & Investigations, Inc. (US), Sterling (US), and Triton Inc. (Canada).
Global Employment Screening Services Market Segmental Overview
The report analyses the global employment screening services market based on services, end-use industry, and region.

Global Employment Screening Services Market by Services

Based on services, it is segmented into background screening, verification, and medical & drug testing. The verification segment is expected to have the largest employment screening services market share in 2021. The verification service includes investigation of professional licenses, employment histories, and educational degrees of the candidates thereby, aiding the recruiters with true and trusted information about the qualifications and work experience required for the applied job designation. Due to these factors mentioned above, the verification segment is expected to receive the main market attraction resulting in market growth.
Global Employment Screening Services Market by End-Use Industry

Based on end-use industry, it is segmented into IT & telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. The retail segment is expected to be the largest segment in the employment screening services market in 2021 because recruiting in the retail profession is strictly regulated, failing to have a proper background screening and drug testing procedure could result in serious consequences. Furthermore, the retail sector has been active throughout the epidemic, and businesses have specifically used pre-employment background checks to prevent viral spread, workplace violence, theft, and fraud. Thus, the retail segment will likely hold a major market share in 2021.

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