Press release
Building Trust: Employment Screening Services Market Forecast 2024
Employment Screening Services Market Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7541&type=smp
According to The Business Research Company's, 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 growth in the historic period can be attributed to increased concerns about workplace security, regulatory compliance requirements, globalization of workforce, demand for talent quality and fit, rising incidence of resume fraud.
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%. The growth in the forecast period can be attributed to emphasis on remote work background checks, adoption of advanced screening technologies, growing importance of diversity and inclusion screening, expansion of gig economy and freelance work, growing demand for remote hiring. Major trends in the forecast period include integration of artificial intelligence in screening processes, continuous monitoring and post-hire screening, enhanced focus on candidate experience, biometric authentication for identity verification, blockchain for secure and transparent credential verification.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/employment-screening-services-global-market-report
Market Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Employment Screening Services Market 2024 Key Insights:
• 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%.
• Escalating Fraudulent Activities Fueling Demand For Employee Screening Services
• New Solution To Meet The Needs Of Employers
• North America was the largest region in the employment screening services market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7541&type=smp
"
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Building Trust: Employment Screening Services Market Forecast 2024 here
News-ID: 3750585 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Screening
Screening Success: High-Throughput Screening (HTS) Market Insights (2023-2033)
Market Outlook:
The High-Throughput Screening (HTS) Market is poised for significant growth, playing a pivotal role in accelerating drug discovery and development processes. With advancements in automation, assay technologies, and a focus on identifying potential drug candidates efficiently, the market anticipates robust expansion in the adoption of high-throughput screening methodologies. The outlook is characterized by a surge in demand for rapid and cost-effective screening solutions, the integration of artificial intelligence…
Carrier Screening Market: Genetic Health Screening on the Rise | CAGR 13.8%
Allied Market Research recently released 'Global Carrier Screening Market: Outlook and Forecast 2023-2030.' This comprehensive report assesses market risks, identifies emerging opportunities, and offers valuable strategic and tactical decision-making support for the period spanning 2023 to 2030. The market study is thoughtfully segmented by key regions that are pivotal for driving market growth. This report presents insights into market research and development, explores growth drivers, and delves into the evolving…
Alcohol Screening Breathalyzer and Alcohol Screening Device Manufacturer | ALCOF …
ALCOFIND, a DA Tech brand, is a trustworthy and flawless maker of alcohol screening breathalyzer. It includes both an advanced alcohol tester and an alcohol screening device.
DA Tech has dedicated itself to the research and development of sensor-related application solutions since its foundation in 2002, firmly establishing itself as a specialized breathalyser company and emerging as a global leader.
ALCOFIND breathalyser has quality certifications for the world's major breathalyser markets, including…
Cancer Screening Technology Market Update and Forecast to 2025; Breast Cancer Sc …
The Cancer Screening Technology Market recently Published Global Market research study with more than 100 industry informative desk and Figures spread through Pages and easy to understand detailed TOC on “Cancer Screening Technology Market”.
The report provides information and the advancing business series information in the sector to the exchange. The report provides a notion connected to the progress of this market movement of significant players of this industry. An examination…
Prenatal Screening Market | Global Industry Analysis by First-Trimester Screenin …
Prenatal Screening market 2020 with industry size, share, trends, growth, opportunities, key players and forecast by 2025.The global Prenatal Screening market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. Supply Demand Market Research's latest publication, titled global Prenatal Screening market, offers an insightful take on the drivers and restraints present in…
Background Screening Market -Sterling Infosystems, First Aduvatage, HireRight, K …
Background Screening Market Overview:
Summary:Background Screening is the process of looking up and compiling criminal records, commercial records, and financial records of an individual or an organization. Background Screening is often requested by employers on job candidates for employment screening, especially on candidates seeking a position that requires high security or a position of trust, such as in a school, courthouse, hospital, financial institution, airport, and government. These checks are traditionally…
