Employment Criminal Background Check Services Market Size, Trends And Overview Report 2024-2033

"The new report published by The Business Research Company, titled ""Employment Criminal Background Check Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the employment criminal background check services market size has grown strongly in recent years. It will grow from $3.54 billion in 2023 to $3.90 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The employment criminal background check services market size is expected to see rapid growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14910&type=smp

Security Concerns Fuel Growth of Employment Criminal Background Check Services Amid Rising Cyber Threats
Rising security concerns are expected to propel the growth of the employment criminal background check services market going forward. Security concerns refer to potential risks, thefts, cyber threats, or threats to the confidentiality, integrity, or availability of information, systems, or assets. The increase in security concerns is due to the heightened awareness of personal and organizational data vulnerabilities created by prominent data breaches, amplifying concerns regarding data security and privacy. Employment criminal background check services are essential for mitigating security risks, maintaining a safe and compliant workplace, protecting assets and reputation, and fostering trust among employees and customers. For instance, in January 2024, according to the US Department of Commerce, a U.S.-based government agency, employee theft costs are rising at a rate of 15% per year. Additionally, according to the Ponemon Institute, a US-based education organization, in 2022, the average cost of an employee insider attack is $17.19 million, which has increased by 47% over the last two years. Therefore, the increasing adoption of remote work practices is driving the growth of the employment criminal background check services market.

Innovative Digital Identity Verification Platforms Revolutionizing the Employment Criminal Background Check Services Market
Major companies operating in the employment criminal background check services market are developing digital identity verification platforms, to gain a competitive edge in the market. These digital identity verification platform are used to confirm an individual's identity over the Internet through digital techniques such as examining documents and verifying biometric data. For instance, in December 2023, HireRight, a US-based background screening company, launched Global ID, a digital identity verification platform that empowers individuals to control their identity and data securely. This platform allows users to collect verifications that protect privacy while enabling important online actions such as job applications, room rentals, and fund transfers. Global ID operates on a self-sovereign identity model, emphasizing verifications as proof of verified information without exposing personal data. This platform also offers a unique GlobaliD Name for digital identity representation, enabling users to build a trusted reputation without revealing personal details.

The employment criminal background check services market covered in this report is segmented -

1) By Product Type: Criminal Background Checks, Education And Employment Verification, Credit History Checks, Drug And Health Screening
2) By Component: On-Premise, Cloud-Based
3) By Application: Financial Services, Information Technology (IT) Or Technology Or Media, Government, Staffing, Healthcare, Retail, Industrial, Other Applications

Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=14910&type=discount

Major companies operating in the employment criminal background check services market are KPMG International Limited, Automatic Data Processing Inc., Capita plc., Transunion LLC, Triton International Inc., First Advantage Corp., HireRight LLC, Sterling Check Corp., CareerBuilder LLC, Certn Inc., Checkr Inc., Global HR Research LLC, Accurate Background LLC, PreCheck Inc., Justifacts Credential Verification Inc., ClearStar Inc., InfoMart Inc., IntelliCorp Records Inc., Inflection Risk Solutions LLC, CV Check Ltd., Millow Inc., National Crime Search LLC, Peopletrail Screening Solutions LLC, SpringVerify Inc., VeriFirst Background Screening LLC

Contents of the report:
1. Executive Summary
2. Employment Criminal Background Check Services Market Report Structure
3. Employment Criminal Background Check Services Market Trends And Strategies
4. Employment Criminal Background Check Services Market - Macro Economic Scenario
5. Employment Criminal Background Check Services Market Size And Growth
…..
27. Employment Criminal Background Check Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/employment-criminal-background-check-services-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

"Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."

This release was published on openPR.