Market Snapshot:
The global Background Check Services market is expected to witness high demand in the forecasted period due to the increasing adoption of Background Check Services in the government sector. A background check is a process a person or company uses to verify that a person is who they claim to be, and provides an opportunity for someone to check a person's criminal record, education, employment history, and other activities that happened in the past in order to confirm their validity. the increasing cases of fraud and duplicate identification.
Highlights from Background Check Services Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 12.0% |
The key Players profiled in the report are Sterling Infosystems (United States), Kroll (United States), Accurate Background (United States), Employment Screening Resources (ESR) (United States), Employment Background Investigations (EBI) (United States), Mintz Global Screening (Canada), MultiLatin (Mexico), Insperity (United States), ADP LLC (United States) and Experian (Ireland). Additionally, other players that are part of this comprehensive study are First Advantage (United States), HireRight LLC (United States), Capita PLC (United Kingdom), Paychex, Inc. (United States) and CareerBuilder LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Background Check Services market presents a comprehensive analysis of the Background Check Services market by end-user/application (Commercial Customer and Private Customer), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Background Check Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Background Check Services market, the Europe has emerged as a crucial market for several Background Check Services brands.
Analyst at AMA have segmented the market study of Global Background Check Services market by Type, Application and Region.
Influencing Trend:
Rising Demand from small and Medium Organization and Technological advancement associated with Background Check Services
Market Growth Drivers:
Increasing Demand form Government Sector and Rising cases of Fraud and duplicate identification
Challenges:
The growing concern regarding privacy and security
Restraints:
The risks associated with the safeguarding and disposal of information collected during the hiring process are expected
Opportunities:
Growing inclination towards advanced big data technology and The growth of startup organizations globally along with the untapped potential of emerging markets
Market Developments Activities:
In March 2020, Accurate Background, a leading provider of compliant, automated workforce screening solutions, today announced that it has completed its previously announced acquisition of CareerBuilder Employment Screening (CBES) from CareerBuilder. The combined entity will now operate under the Accurate Background brand, focused on growing global adoption of its background checks, drug and health testing, I-9 verifications and services portfolio, and delivering technology innovation, customer service and candidate experience at scale.
In April 2023,cFIRST, a global leader in digital background screening services, is elated to announce the launch of its instant background check services in India. The service will allow employers in India to conduct background checks for the PAN, Driving license, Aadhar number, and Election card of their prospective employees within the country in a matter of few seconds.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations.
Key Target Audience
Background Check Services Providers, Government Regulatory Bodies, Private research Organization, Government research Organization and Others