About Tenant Screening Services
A tenant screening carrier offers heritage records about a potential tenant to landlords and property managers. This is due to the fact the tenant does no longer desire a late price or eviction to show up on their credit score report. A tenant with a suitable savings score, for example, is greater probable to pay the hire on time and take higher care of the property, each of which are perfect traits in a renter.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Tenant Screening Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MyRental (United States), Landlord Protection Agency (United States), Multi-Housing Credit Control (United States), LeaseRunner (United States), Tenant Check (United States), National Tenant Network (United States), Rental Research Services (United States), Experian Information Solutions, Inc (United States), Rental History Reports (United States) and RentSpree (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TransUnion (United States), Experian Screening Services (United States) and Verify Tenant (United States).
Segmentation Overview
AMA Research has segmented the market of Global Tenant Screening Services market by Type (Instant Credit Check, Tenant Suitability Check, Full Income Verification, Landlord Referencing and Right-To-Rent Checks), Application (Large Agencies and Small and Medium Agencies) and Region.
On the basis of geography, the market of Tenant Screening Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Tenant Screening Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Tenant Screening Services Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rapidly Growing Rental Housing Market
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Influencing Trends | - Growing Trend toward Large, National Screening Agencies that Provide Online Services
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Restraints | |
Road Blocks / Challenges | - Prices are High and Low-Income
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Gaps & Opportunities | - Increasing Small and Medium Sized Agencies
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In 2021, RentSpree, the leading tenant screening company, announced its partnership with Sure, an insurance technology company. Beginning February 16, sure will offer renters insurance to users directly on the RentSpree platform, with coverage backed by an authorized insurance company. In addition to the value it provides renters, the platform also facilitates high-efficiency workflows for property owners. It enables landlords to notify users of insurance requirements, track the status of tenant policies, and view critical policy details.
Key Target Audience
Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities and Government and Private Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.