Employment Criminal Background Check Services Global Market Report 2024

The employment criminal background check services market size has grown strongly in recent years. It will grow from $3.54 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed during the historic period in the employment criminal background check services market can be attributed to factors such as increased workforce participation, heightened security concerns, growing awareness of data privacy, efforts to mitigate litigation risks, the need for thorough education and credential verification, and compliance with drug testing regulations.

The employment criminal background check services market size is expected to see rapid growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the employment criminal background check services market during the forecast period can be linked to key drivers such as the need for verification of remote workforces, increased utilization of AI and automation, integration with cybersecurity measures, the adoption of biometric verification techniques, and the expanding use of social media screening. Major trends set to shape the market include the deployment of AI-powered decision-making tools, the application of blockchain technology for secure verification processes, the use of biometric identity verification, deeper integration with the HR technology ecosystem, and a heightened demand for remote screening solutions.

Anticipated increases in security risks are expected to drive the growth of the employment criminal background check services market. Security risks encompass potential threats such as thefts, cyber threats, and risks to the security, availability, or integrity of information and assets. This increase in security risks is attributed to heightened awareness following significant data breaches, raising concerns about data security and privacy. Employment criminal background check services play a crucial role in reducing these risks, ensuring compliance, maintaining a secure work environment, safeguarding assets, and building trust among employees and clients. For instance, the US Department of Commerce reported in January 2024 that employee theft costs are escalating at an annual rate of 15%. Additionally, the Ponemon Institute noted in 2022 that the average cost of an insider attack reached $17.19 million, marking a 47% increase over two years. Thus, the surge in remote working trends underscores the growing need for robust employment criminal background check services.

Leading firms within the employment criminal background check services sector are enhancing their competitive positioning by developing digital identity verification platforms. These platforms utilize digital means to confirm identities over the Internet, through methods such as document inspection and biometric verification. In December 2023, HireRight, a U.S.-based background screening company, unveiled Global ID, a digital identity verification platform that allows individuals to securely manage their identity and data. Global ID enables users to obtain verifications that maintain privacy while facilitating critical online transactions such as job applications, room rentals, and financial transfers. The platform operates based on a self-sovereign identity model that prioritizes verifications as evidence of validated information, minimizing the exposure of personal data. Additionally, it provides users with a unique GlobaliD Name for representing their digital identity, helping them establish a credible reputation without disclosing sensitive personal information.

In January 2022, In a strategic expansion move, Certn, a Canadian background screening company, acquired Credence for an undisclosed sum. This acquisition positions Certn to penetrate new markets across Europe, the Middle East, and Africa (EMEA), enhancing its growth prospects and diversifying its service offerings. Credence, a U.S.-based technology firm, specializes in providing international background screening services.

Major companies operating in the employment criminal background check services market are KPMG International Limited, Automatic Data Processing Inc., Capita plc., Transunion LLC, Triton International Inc., First Advantage Corp., HireRight LLC, Sterling Check Corp., CareerBuilder LLC, Certn Inc., Checkr Inc., Global HR Research LLC, Accurate Background LLC, PreCheck Inc., Justifacts Credential Verification Inc., ClearStar Inc., InfoMart Inc., IntelliCorp Records Inc., Inflection Risk Solutions LLC, CV Check Ltd., Millow Inc., National Crime Search LLC, Peopletrail Screening Solutions LLC, SpringVerify Inc., VeriFirst Background Screening LLC.

North America was the largest region in the employment criminal background check services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the employment criminal background check services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the employment criminal background check services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Employment criminal background check services are designed to investigate an individual's criminal history, providing employers with critical information to assess suitability for employment. These services are integral to making informed hiring decisions, ensuring the safety and security of the workplace, and maintaining compliance with relevant regulations.

The primary offerings of employment criminal background check services include criminal background checks, education and employment verification, credit history checks, and drug and health screening. Criminal background checks involve detailed investigations to identify any past criminal records or history of illegal activities associated with an individual. These services are delivered through various deployment methods, including on-premise and cloud-based systems. They cater to a wide range of applications across multiple industries such as financial services, information technology and media, government, staffing agencies, healthcare, retail, and industrial sectors, among others.

The employment criminal background check services market research report is one of a series of new reports that provides employment criminal background check services market statistics, including employment criminal background check services industry global market size, regional shares, competitors with a employment criminal background check services market share, detailed employment criminal background check services market segments, market trends and opportunities, and any further data you may need to thrive in the employment criminal background check services industry. This employment criminal background check services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The employment criminal background check services market includes revenues earned by entities by providing services such as criminal history checks, employment verification and drug testing and related single-component checks, ongoing monitoring services, and customized screening solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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