Global Employment Screening Services Market to Grow at 6.71% during 2025-2033, Impelled by Increasing Incidences of Workplace Thefts

November 25, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Employment Screening Services Market Report by Service (Criminal Background Checks, Education and Employment Verification, Credit History Checks, Drug and Health Screening, and Others), Organization Size (Small and Medium Enterprises, Large Enterprises), Application (Healthcare, IT & Technology and Media, Financial Services, Staffing, Retail, Travel and Hospitality, Government and Education, Transportation, and Others), and Region 2025-2033," the global employment screening services market reached a value of USD 6.1 Billion in 2024. Employment screening services refer to the process of examining a candidate during the recruitment process that assist employers to verify the individual’s background information. These services are conducted to investigate the criminal, driving, credit, educational records, behavior assessments, and other pertinent information of job applicants in an attempt to safeguard the organization from fraudulent activities or security breaches in the future. Additionally, pre-employment screening also aids in improving the overall effectiveness of the hiring process by streamlining various tasks. As a result, these solutions are widely adopted by various companies across the IT and banking sectors to eliminate unsuitable candidates in a precise manner.

Global Employment Screening Services Market Trends:

The global market is majorly driven by the increasing need for time-efficient selection systems across the corporate segment. With the rising number of job applicants, numerous companies are preferring the adoption of employment screening services to recruit new employees to improve the overall hiring process in a time-efficient manner. Since these services verify the details mentioned in the resume accurately, this aids in reducing the chances of workplace thefts, abuse, and violence. Moreover, the growing emphasis on enhanced labor quality and increased regulatory compliance are also providing an impetus to the market growth. Furthermore, there has been a considerable rise in the number of startups across the globe, which is anticipated to create a positive outlook for the market. The market is also driven by continual advancements in big data technology that is expected to provide a boost to the demand for big data applications in the personnel screening industry. Some of the other factors contributing to the market growth include the rising adoption of employment screening services in the medical sector and the extensive research and development (R&D) conducted by key players. On account of the aforementioned factors, Looking forward, the market value is projected to reach USD 11.6 Billion by 2033, expanding at a CAGR of 6.71% during 2025-2033.

Market Summary:

On the basis of the service, the market has been divided into criminal background checks, education and employment verification, credit history checks, drug and health screening, and others.
Based on the organization size, the market has been bifurcated into small and medium enterprises, and large enterprises.
On the basis of the application, the market has been classified into healthcare, IT & technology and media, financial services, staffing, retail, travel and hospitality, government and education, transportation, and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include A-Check America Inc, ADP Inc., Capita PLC, CareerBuilder LLC, Experian plc, First Advantage, HireRight LLC, Insperity, Paychex Inc., Paycor Inc., REED and Sterling.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Service, Organization Size, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	A-Check America Inc, ADP Inc., Capita PLC, CareerBuilder LLC, Experian plc, First Advantage, HireRight LLC, Insperity, Paychex Inc., Paycor Inc., REED and Sterling
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Employment Screening Services Market to Grow at 6.71% during 2025-2033, Impelled by Increasing Incidences of Workplace Thefts

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