DUBLIN--(BUSINESS WIRE)--The "Employment Screening Services Market by Service and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global employment screening services market was valued at $2,939.8 million in 2016, and is projected to reach $4,892.3 million by 2023, growing at a CAGR of 7.5% from 2017 to 2022.
The growth of the employment screening services market is expected to be supplemented by increase in availability and accessibility of employment screening services in developed as well as developing economies, advantages of employment screening services, and enhanced regulatory compliance associated with these services.
However, risks associated with the safeguarding and disposal of information collected during the hiring process are expected to impede the market growth.
In the service segment, criminal background checks and education & employment verification collectively accounted for nearly 55.3% of the share in 2016. The education and employment verification segment is projected to grow at the highest CAGR of 9% from 2017 to 2023, owing to its high necessity with respect to hiring new employees in an organization.
The banking & financial sector occupied one-third share of the global employment screening services market in 2016. The government agencies segment under applications is anticipated to grow at the highest rate of 8.9%. The adoption of employment screening in these agencies is expected to grow at a high rate, as the individuals recruited for the positions are expected to be as responsible and accountable for their work as the institution itself.
- First Advantage
- HireRight, LLC.
- Employment Screening Services, Inc.
- DataFlow Group
- Lowers Risk Group
- Capita PLC
- InfoMart, Inc.
- Employment Screening Resources
- PreHire Screening Services
- Mintz Global Screening
- Verifile Ltd.
- Agenda Screening Services
- Paychex, Inc.
- ADP, LLC.
- A-Check America, Inc.
- S2Verify, LLC
- CareerBuilder, LLC.
- Mind Your Business
- Paycor, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/833fjz/employment?w=4