The North America employment screening services market was valued at US$ 2.64 billion in 2022 and is expected to reach US$ 5.87 billion by 2030; it is estimated to record a CAGR of 10.5% from 2022 to 2030 .
With a subsequent surge in the number of candidates applying for a single job position in any organization, selecting the most suitable candidate for a particular profile has become more tedious. Conventional interview methods for job screening prove time-consuming and inefficient. Employment screening services help evaluate applicants more quickly and efficiently.
Employment screening services automate procedures such as reference verification, criminal background checks, and educational verification, saving recruiters a substantial amount of time. Recruiters use screening reports to identify the most qualified prospects rapidly and objectively. Thus, the demand for efficient and quicker employee screening systems triggers the adoption of employment screening services.
Also, US is the largest producer of employment screening services, in 2022 the employment screening services production accounted for 48 million tons. The country accounts for almost 48% in exports accounting for approximately 2 billion export value. Additionally, as consumers become more conscious about animal welfare and environmentally friendly farming practices, the demand for employment screening services produced using sustainable methods would continue to grow in the coming years.
Demand for Time-Efficient Selection Systems Owing to Rising Number of Job Applicants Fuel North America Employment Screening Services Market
In the 21st century, there has been an enormous influx of population in urban cities in developed and developing countries in search of a better life. High standards of living, better job opportunities, and access to modern amenities and services are a few major factors driving the migration of the rural population to urban areas. The steady growth of developing economies in the post-recession era has led to a rise in consumers' disposable income. According to the World Bank, ~50% of the population lives in urban areas worldwide. By 2045, the world's urban population will increase by 1.5 times to 6 billion. With continued urbanization, the need for jobs in urban areas would grow at full throttle in the coming years.With a subsequent surge in the number of candidates applying for a single job position in any organization, selecting the most suitable candidate for a particular profile has become more tedious. Conventional interview methods for job screening prove time-consuming and inefficient. Employment screening services help evaluate applicants more quickly and efficiently.
Employment screening services automate procedures such as reference verification, criminal background checks, and educational verification, saving recruiters a substantial amount of time. Recruiters use screening reports to identify the most qualified prospects rapidly and objectively. Thus, the demand for efficient and quicker employee screening systems triggers the adoption of employment screening services.
North America Employment Screening Services Market Overview
The demand for employment screening services is surging in the US due to the robust livestock industry, growing awareness of the nutritional benefits of employment screening services, and increasing adoption of sustainable agricultural practices. According to Horse Industry Statistics, there are 7.25 million horses in the US as of 2024. With the US being a significant player in the equine industry, there is a consistent need for high-quality feed to support the health and productivity of livestock.Also, US is the largest producer of employment screening services, in 2022 the employment screening services production accounted for 48 million tons. The country accounts for almost 48% in exports accounting for approximately 2 billion export value. Additionally, as consumers become more conscious about animal welfare and environmentally friendly farming practices, the demand for employment screening services produced using sustainable methods would continue to grow in the coming years.
North America Employment Screening Services Market Segmentation
- The North America employment screening services market is segmented based on services, application, organization size, and country. Based on services, the North America employment screening services market is categorized into background check, verification, and medical & drug testing. The verification segment held the largest market share in 2022.
- By application, the North America employment screening services market is segmented into IT and Telecom, BFSI, government agencies, travel and hospitality, manufacturing, retail, healthcare, and others. The IT and Telecom segment held the largest market share in 2022.
- In terms of organization size, the North America employment screening services market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.
- Based on country, the North America employment screening services market is segmented into the US, Canada, and Mexico. The US dominated the North America employment screening services market share in 2022.
- Accurate Background; A-Check America, Inc.; First Advantage Corp; HireRight LLC; Insperity Inc; Sterling Check Corp; Inflection Risk Solutions LLC; Pinkerton Consulting & Investigations Inc; Triton Inc; and Verity Screening Solutions LLC are some of the leading players operating in the North America employment screening services market.
Market Highlights
- Based on services, the North America employment screening services market is categorized into background check, verification, and medical & drug testing. The verification segment held 55.8% market share in 2022, amassing US$ 1.47 billion. It is projected to garner US$ 3.35 billion by 2030 to register 10.8% CAGR during 2022-2030.
- In terms of application, the North America employment screening services market is segmented into IT and Telecom, BFSI, government agencies, travel and hospitality, manufacturing, retail, healthcare, and others. The IT and Telecom segment held 29.8% share of North America employment screening services market in 2022, amassing US$ 789.42 million. It is projected to garner US$ 2.33 billion by 2030 to expand at 14.5% CAGR from 2022 to 2030.
- The large enterprises segment held 64.9% market share in 2022, amassing US$ 1.71 billion. It is projected to garner US$ 4.02 billion by 2030 to register 11.2% CAGR between 2022 and 2030.
- This analysis states that the US captured 79.3% share of North America employment screening services market in 2022. It was assessed at US$ 2.09 billion in 2022 and is likely to hit US$ 4.76 billion by 2030, exhibiting a CAGR of 10.8% during 2022-2030.
- In March 2023, Apploi, a hiring platform for healthcare employers, partnered with Accurate Background, a global provider of background checks and screening solutions. The partnership aims to provide healthcare employers with a more efficient and informed hiring process using Accurate's screening solutions to make compliant and timely hiring decisions.
- In April 2023, First Advantage Corporation announced its latest product and technology innovations at the Company's Collaborate 2023 user conference in Las Vegas. The company launched a trio of curated product bundles powered by its next-generation Profile Advantage solution, which is created to help as many industries as possible with offerings such as background screening, identity verification, drug screening, tax credit services, I-9 with document review, and more. These solutions are delivered to provide a seamless experience.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America employment screening services 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.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. North America Employment Screening Services Market Landscape
5. North America Employment Screening Services Market - Key Market Dynamics
6. Employment Screening Services Market - North America Analysis
7. North America Employment Screening Services Market Analysis - by Services
8. North America Employment Screening Services Market Analysis - by Application
9. North America Employment Screening Services Market Analysis - by Organization Size
10. North America Employment Screening Services Market - Country Analysis
11. Competitive Landscape
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the North America Employment Screening Services market include:- Accurate Background
- A-Check America, Inc.
- First Advantage Corp
- HireRight LLC
- Insperity Inc
- Sterling Check Corp
- Inflection Risk Solutions LLC
- Pinkerton Consulting & Investigations Inc
- Triton Inc
- Verity Screening Solutions LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | August 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.64 Billion |
| Forecasted Market Value ( USD | $ 5.87 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
