Global Employment Screening Market: Insights & Forecast (2022-2026)

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Global Employment Screening Market (Verification,
Background Screening Drug Testing) Insights
Forecast with Potential Impact of COVID-19
December 2022
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Executive Summary
The global employment screening market is
forecasted to reach US5.75 billion in 2026,
experiencing growth at a CAGR of 5.51 during the
period spanning from 2022 to 2026. Growth in the
global employment screening market has been
supported by factors swelling youth population,
increasing urban population, increasing number of
start ups, improved regulatory compliance,
enhanced quality of workforce, rising
digitalization, growing data theft and data
destruction. However, the market growth would be
challenged by discrimination concerns, and time
consuming process. The global employment
screening market can be categorized into the
following sectors IT Telecom, Manufacturing,
Retails, Banking, Financial services Insurance,
Travel Hospitality, Government Agencies,
Healthcare and Others. In 2021, the dominant
share of global employment screening market was
held by IT Telecom sector. The market is
anticipated to experience certain trends like
involvement of artificial intelligence, increase
in mobile workforce and job immigrants owing to
globalization, automated employee screening
services, and growing international
opportunities. The global employment screening
market can be segmented into the following
regions North America, Europe, Asia Pacific,
Middle East Africa, and South America. In 2021,
the dominant share of global employment screening
market was held by North America. There is a
growing demand for time efficient selection
systems in North America owing to rising number
of job applicants. The U.S. employment screening
market can be segmented into three services
Verification, Background Screening, and Drug
Testing. In 2021, the dominant share was held by
Verification screening. This was being followed
by Background Screening, and Drug Testing
screening services.
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Executive Summary
Scope of the report The report provides a
comprehensive analysis of the global employment
screening market. The major regional markets
for the global employment screening market (North
America, Europe, Asia Pacific, Middle East
Africa, and South America) have been analyzed.
The market dynamics such as growth drivers,
market trends and challenges are analyzed
in-depth. The competitive landscape of the
market, along with the company profiles of
leading players (Sterling, Accurate Background,
HireRight, ADP LLC, Checkr, First Advantage) are
also presented in detail. Key Target Audience
Employee Screening Service Providers
Employers Job seekers Investment Banks
Government Bodies Regulating Authorities
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Report Coverage
Introduction/ Overview
Impact of COVID-19
Market Analysis
Regional Analysis
Market Dynamics Drivers, Trends Challenges
Competitive Landscape
Company Profiles
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Employment Screening and its Types
Background checks are a typical method of
verifying a job applicant's information and
history. Details like location records, work
experience, and other information demonstrate
that applicants are honest about who they are and
where they've been. Employment screening is a
process to eliminate a large number of unsuitable
applications through background screening,
verification and criminal checks to assess the
behavior of applicants. Through employment
screening, a traditional interview would not be
needed and hence increases the productivity of
employees rom both streams. Due to secular labor
market tailwinds such as increased worker
mobility, remote work, higher employee churn, and
the vast gig economy/freelance workforce, the
pre-employment background screening sector is
enormous and rising swiftly. In addition, the
number of screening variables continues to grow.
Almost every company conducts background checks
on potential employees.
Common Types of Employment Screening Tests
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Global Employment Screening Market Forecast by
Value
Global Employment Screening Market Forecast by
Value (2020-2026) (US Billion)
Note These are dummy figures. Please purchase
the report for actual figures.
The global employment screening market stood at
USxx billion in 2021. Higher living standards,
higher job opportunities, and access to modern
amenities and services are a few major factors
that have contributed to the immigration from
across the world. The growth of the employment
screening services market is attributed to the
demand for time efficient selection systems owing
to rising number of job applicants. The market
is forecasted to reach USxx billion in 2026,
increasing from USxx billion in 2022. The market
is anticipated to grow at a CAGR of xx for the
period spanning 2022-2026. The increasing hiring
and job turnover, growth in the gig economy,
increased frequency of background screens, and
heightened regulation and compliance scrutiny
tied to hiring practices would boost the market.
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Global Employment Screening Market by Sector
Global Employment Screening Market by Sector,
(2021,)
Note These are dummy figures. Please purchase
the report for actual figures.
The global employment screening market by sector
can be segmented as follows IT Telecom,
Manufacturing, Retails, Banking, Financial
services Insurance, Travel Hospitality,
Government Agencies, Healthcare and Others. In
2021, the share of xx was held by IT Telecom
sector. This was followed by Manufacturing,
Retails, Banking, Financial services Insurance,
Travel Hospitality, Government Agencies, ad
Healthcare which held a share of xx, xx, xx,
xx, xx, and xx, respectively. The remaining
share was being held by others with xx.
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Global Employment Screening Market by Region
Global Employment Screening Market by Region,
(2021, )
Note These are dummy figures. Please purchase
the report for actual figures.
The global employment screening market by region
can be segmented as follows North America,
Europe, Asia Pacific, Middle East Africa, and
South America. In 2021, the dominant share of
xx was held by North America. This was being
followed by Europe, Asia Pacific, Middle East
Africa, and South America which held a share of
xx, xx, xx, and xx, respectively.
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North America
The U.S. Employment Screening Market by Sector
(2021, )
Note These are dummy figures. Please purchase
the report for actual figures.
The US employment screening market by sector can
be segmented as follows IT Telecom,
Manufacturing, Retails, Banking, Financial
services Insurance, Healthcare, Travel
Hospitality, Government Agencies, and Others. In
2021, the share of xx market was held by IT
Telecom. This was followed by Manufacturing,
Retails, Banking, Financial services Insurance,
Healthcare, Travel Hospitality, Government
Agencies which held a share of xx, xx, xx,
xx, xx, and xx, respectively. The remaining
share was being held by others with xx.
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North America
The U.S. Employment Screening Market by Service
The U.S. Employment Screening Market by Service
(2021)
Note These are dummy figures. Please purchase
the report for actual figures.
The U.S. employment screening market by service
can be segmented as follows Verification,
Background Screening, and Drug Testing. In 2021,
the dominant share of xx was held by
Verification. This was being followed by
Background Screening, and Drug Testing which held
a share of xx, and xx, respectively.
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North America
The U.S. Background Employment Screening Market
by Segments
The U.S. Background Employment Screening Market
by Segments, (2021, )
Note These are dummy figures. Please purchase
the report for actual figures.
The U.S. background employment screening market
can be segmented as follows criminal record and
credit check. In 2021, the dominant share of xx
was held by criminal record. The remaining share
of xx was being held by credit check.
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North America
The U.S. Verification Employment Screening Market
by Segments , (2021, )
Note These are dummy figures. Please purchase
the report for actual figures.
The U.S. verification employment screening market
can be segmented as follows employment history,
education, reference, and other including MVR.
In 2021, the dominant share of xx was held by
employment history segment. This was being
followed by education, reference, and other
including MVR which held a share of xx, xx, and
xx, respectively.
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North America
The U.S. Employment Screening Market by
Enterprise Size (2021, )
Note These are dummy figures. Please purchase
the report for actual figures.
The U.S. employment screening market by
enterprise size can be segmented as follows
Large enterprise and Small Mid sized firms. In
2021, the dominant share of xx was being held by
large enterprises. This was being followed by
small mid sized firms which held a share of xx.
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