Employment Screening Services Market Size, Revenue, End Users And Forecast Till 2028

The Employment Screening Services Market is projected to grow from US$ 5,360.28 million in 2022 to US$ 9,296.65 million by 2028; it is estimated to record a CAGR of 9.9% from 2023 to 2028.

The employee screening process significantly reduces time and cost for the organization. By opting for employment screening services, organizations can save time in the long run as these services offer them clarity on responsibilities that should be taken to ensure the appropriate candidates are hired in the right way, which, in turn, increases efficiency and work quality. The employment screening services market is further flourishing due to the growing demand for time-efficient selection systems owing to the rising number of job applicants. The integration of big data technology is further expected to create new opportunities for the employment screening services market during the forecast period. The key stakeholders in the employment screening services market are solution providers, system integrators, and end users.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00003797?utm_source=OpenPr&utm_medium=10640

The List of Companies -
1. Pinkerton Corporate Risk Management
2. HireRight, LLC
3. A-Check America, Inc.
4. Verity Screening Solutions LLC
5. Capita Plc
6. Triton
7. DataFlow Group
8. Sterling Talent Solutions
9. First Advantage
10. Accurate Background
11. AuthBridge
12. Insperity
13. GoodHire

Solution providers are crucial stakeholders in the ecosystem of the employment screening services market. The most prominent software providers of employment screening services are Capita; Sterling; First Advantage; Insperity; HireRight, LLC; Accurate Background Holdings LLC; AuthBridge Research Services Pvt Ltd; A-Check America Inc; and DataFlow LLC.; among others. In the market ecosystem, service providers offer various professional services, including operation and maintenance, integration, and consulting services. System integrators engage in integrating employment screening solutions with the businesses as per the specific requirements of end users. The major end-user industries of employment screening services are IT and telecom, BFSI, government agencies, travel and hospitality, manufacturing, retail, and healthcare, among others.

Companies in the BFSI service sector are more stringent than other private-sector firms regarding pre-employment screening. The employee turnover in the BFSI sector has been rising in recent years, as the employees face employment cut-outs due to accountability in every part of their operations. As a middle or top management employee has access to confidential information about the customer's financial records, it is essential for these companies to properly scrutinize a candidate's background, criminal records, and past employment history, along with conducting other background checks. The BFSI industry is highly regulated. The regulations precisely dictate the rules and eligibility for employees hired by financial companies. For instance, the US Federal Deposit Insurance Corporation provides guidance for developing effective criminal background checks for bank employees. Further, it encourages these checks as an efficient risk management process to ensure and verify the information provided by prospective candidates. Such factors are propelling the employment screening services market growth in the BFSI industry.

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/employment-screening-services-market

National, state, and city government offices often require new employees on board without delays. As most of these agencies deal with confidential and sensitive information, new employees should be reliable and entrusted with verified histories. In government agencies, a proper screening of employees, involving background checks, credit risk, criminal records, education checks, etc., is a must to avoid risk. Also, since government employees are expected to access residents' personal information, tracking the appropriate criminal background of all the candidates shortlisted for the job is essential. The demand for employment screening services in government agencies is surging due to increased fraudulent incidences. Government employers of various countries run rigorous pre-employment screening, and several other checks. Criminal background checks, international background checks, drug and medical checks, qualification checks, credit checks, and sex offender checks are among the verification parameters. Such factors are propelling the employment screening services market growth among government agencies.

The employment screening services market is segmented on the basis of service, organization size, end-user industry, and geography. Based on service, the employment screening services market is categorized into background screening, verification, and medical and drug testing. Based on end-user industry, the employment screening services market is segmented into IT and telecom, BFSI, government agencies, travel and hospitality, manufacturing, retail, healthcare, and others. In terms of organization size, the employment screening services market is segmented into SMEs and large enterprises. By geography, the employment screening services market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00003797?utm_source=OpenPr&utm_medium=10640


TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 By Services
1.3.2 By Application
1.3.3 By Organization Size
1.3.4 By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Key Market Dynamics
Continued…

Other Reports:
3D Avatar Solution Market research report features incredible demand globally 2022-2028 https://www.marketwatch.com/press-release/3d-avatar-solution-market-research-report-features-incredible-demand-globally-2022-2028-2023-05-18?mod=search_headline

Handheld HVAC Monitoring Devices Market growth prediction, consumption & demand by 2028 https://www.marketwatch.com/press-release/handheld-hvac-monitoring-devices-market-growth-prediction-consumption-demand-by-2028-2023-05-18?mod=search_headline

Rugged Phones Market report: Statistics and facts 2023-2028 available in the latest report https://www.marketwatch.com/press-release/rugged-phones-market-report-statistics-and-facts-2023-2028-available-in-the-latest-report-2023-05-18?mod=search_headline

Anti-Money Laundering Software Market report shows emerging trends and global demand by 2022-2028 https://www.marketwatch.com/press-release/anti-money-laundering-software-market-report-shows-emerging-trends-and-global-demand-by-2022-2028-2023-05-18?mod=search_headline

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.