Employment Screening Services Market Upcoming Trends, Analysis and Demand With Forecast Overview to 2033

The new report published by The Business Research Company, titled "Employment Screening 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 screening services market size has grown strongly in recent years. It will grow from $4.56 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The employment screening services market size is expected to see strong growth in the next few years. It will grow to $6.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.

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Escalating Fraudulent Activities Fueling Demand For Employee Screening Services
The rising need to reduce fraudulent activities done by employees is expected to propel the growth of the employment screening services market going forward. Fraudulent activities refer to deliberate acts with the intention of obtaining an unauthorized benefit, such as money or property. The rising need to reduce fraudulent activities by newly hired employees with the intent of preventing financial and reputational loss to the organization. For instance, according to a 2021 study carried out by Experian, an Australia-based data analytics company, more than 45% of businesses in India have seen an increase in fraud amid the pandemic. Therefore, the rising need to reduce fraudulent activities done by employees is driving the employment screening services market growth.

New Solution To Meet The Needs Of Employers
Major companies operating in the event management software market are developing innovative solutions such as criminal monitoring solutions to meet and exceed the needs of employers. The criminal monitoring solution offers continuous monitoring to enhance workforce integrity and security, setting new industry standards. It provides real-time insights and increased competitive value for clients and their employees. For instance, in April 2023, Brand Kraken, a US-based company that provides human resources services, launched its criminal monitoring solution, a comprehensive global employment background screening and drug testing platform to set new standards in the industry by providing continuous criminal monitoring beyond initial background checks, aiming to exceed the needs of employers and employees while ensuring workforce integrity and security. The reason behind the launch is to offer an innovative and superior solution.

The employment screening services market covered in this report is segmented -

1) By Services: Background Screening, Verification, Driver Management, Medical And Drug Testing
2) By Verification: Qualification, Employment History Verification, Reference, Other Verifications
3) By Background Screening: Credit Check, Criminal Record
4) By Application: Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel And Hospitality, Government And Education, Transportation, Other Applications

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Major companies operating in the employment screening services market report are Automatic Data Processing Inc., Capita plc, CareerBuilder LLC, Experian plc, First Advantage Corporation, HireRight LLC, Sterling Talent Solutions Corp., GoodHire LLC, InfoMart Inc., Accurate Background LLC, Pre-employ. com Inc., Sterling Infosystems Inc., IntelliCorp Records Inc., Backgrounds Online Inc., Corporate Screening Services Inc., Shield Screening LLC, A-Check Global Inc., Universal Background Screening Inc., ClearStar Inc., Trusted Employees & Partners LLC, DataCheck Inc., Advanced Research Systems Inc., Edge Information Management Inc., Orange Tree Employment Screening LLC, General Information Services Inc., Verified Credentials LLC, Background Investigation Bureau, RiskAware LLC, Proforma Screening Solutions LLC, Peopletrail LLC, Backgrounds Plus Inc.

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

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