Employment Screening Services Market 2019 Analysis, Growth, Vendors, Shares, Drivers, Challenges with Forecast to 2027

Employment screening services market in global is expected to grow from US$ 4.12 Bn in 2018 to US$ 6.25 Bn by the year 2027. This represents a CAGR of 4.8% from the year 2019 to 2027.

Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America's employment screening services market size is expected to gradually increase in the coming years till 2027, owing to the highest adoption of employment screening services in the region.

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Top Keyplayers of Employment Screening Services Market:

Accurate Background, LLC, AuthBridge Research Services Private Limited, A-Check America, Inc., DataFlow Group, Capita PLC, First Advantage, HireRight, LLC, Pinkerton Consulting & Investigations, Inc., Sterling Talent Solutions, Triton Inc., Verity Screening Solutions, GoodHire, Insperity, Inc.

Market Insights

Growing inclination towards advanced big data technology expected to boost the market

Big data refers to data collected from huge groups. The internet has been one of the prime factors driving the big data application in the employee screening market. The Internet has made it easy for social networking sites, search engines, marketers, and other sources to collect huge amounts of information about employees. Information collected from big data can be used by companies to create employee wellness programs, improve their health care policies, and improve internal promotions. According to the American Statistical Association (ASA), 53% of the HR departments use big data to help make strategic decisions for recruitment and selection and managing talent and performance.

Big Data offers merged information that shrinks unfairness in employment judgments and helps employers make better decisions in recruitment, appraisal and performance evaluations. Big Data, when paired with present advance techniques, can improve the selection of the right candidates, intensify the ability to recognize talent from cross-border, help overcome implicit and explicit biases in the work area and raise equality in access to jobs. Big data brings with it a huge opportunity in recruitment and employee screening process and can be one of the significant tools for an employer to make the decision.

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GLOBAL EMPLOYMENT SCREENING SERVICES MARKET – MARKET SEGMENTATION

Global Employment screening services Market by Services

  • Background Screening
  • Verification
  • Driver Management
  • Medical & Drug Testing

Global Employment screening services Market by Background Screening

  • Credit Check
  • Criminal Record

Global Employment screening services Market by Verification

  • Qualification
  • Employment History Verification
  • Reference
  • Others

Global Employment screening services Market by Application

  • IT & Telecom
  • BFSI
  • Government Agencies
  • Travel & Hospitality
  • Manufacturing
  • Retail
  • Healthcare
  • Others

Global Employment screening services Market by Organization Size

  • SMEs
  • Large Enterprises

Global Employment screening services Market by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

What does this report offer? Why to Purchase?

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global employment screening services market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global employment screening services market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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Posted by on Thursday December 05 2019, 2:03 AM EST. All trademarks acknowledged. Filed under Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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