About Employment Background Screening Software
Background check software offers pre-employment screening solutions to firms and candidates to confirm the validity of new recruits' reported histories. The programme assists businesses in streamlining the screening process for new recruits and volunteers, as well as organising the data gathered during the process. These solutions frequently do job, education, credit history, and criminal background checks, and some even facilitate drug tests. It is usually supplied in combination with a bigger suite of core HR solutions, although if sold separately, it frequently connects with applicant tracking systems (ATS).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Employment Background Screening Software is growing due to increase in Gig and Freelance employees and emergence of remote working. The Companies in this industry are facing fierce competition. Many global and regional service providers compete directly with industry leaders in this field. It has been identified that market-leading players are investing heavily technological development, resource utilization to boost the market position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employment Background Screening Software 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.
HireRight (United States), Sterling Infosystems, Inc. (United States), Checkr (United States), Accurate Background (United States), Intelius (United States), BeenVerified (United States), ADP, LLC (United States), J-Screen (Japan), PeopleCheck (Australia) and MultiLatin Background Screening (Mexico) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Complygate (United Kingdom), ATS Integration (United States) and GoodHire (United States).
Segmentation Overview
AMA Research has segmented the market of Global Employment Background Screening Software market by Type (Education Background Checks, Professional Qualifications Check, Background Credit Checks, Driver's Record and Others) and Region.
On the basis of geography, the market of Employment Background Screening Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 End-User, the sub-segment i.e. Healthcare will boost the Employment Background Screening Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Employment Background Screening Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Dashboards will boost the Employment Background Screening Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Development of AI in Pre-Employment Screening and Increase Popularity Social Media Screening
Market Growth Drivers:
Increased Demand for Background Screening due to Covid19 and Rise in Cases of FCRA Lawsuits
Challenges:
Lack of Compliance Abilities of Background Screening Platforms and High Possibilities of Incorrect and Incomplete Reports
Restraints:
Background Screening Services are Very Expensive and Increase in Delays While County Level Criminal Search
Opportunities:
Rise in Remote Work for Long Term and Increase in Use of Freelance Employment
Market Leaders and their expansionary development strategies
In April 2023, HireRight Holdings Corporation, a leading provider of global background screening services and workforce solutions, today acquired of Inquiro Vitae, a background screening provider based in Argentina, allowing more targeted local support for its customers hiring not only in Argentina, but across Latin America. The acquisition is part of HireRight’s continued investment and growth strategy in Latin America.
In May 2021 HireRight released a statement announcing partnership with Fountain. The partnership of HireRight and Fountain provides employers with streamlined workflows to efficiently move candidates through the hiring process, track the status of screening orders, and provide applicants with a more seamless experience.
Key Target Audience
Venture and Capitalist, Raw materials Suppliers, New entrants/investors, Travel/Hospitality, Retail and End-use industries
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.