Favorable labor market trends enabled background check providers to expand recently. Nonetheless, the outbreak of COVID-19 and rising interest rates hindered the labor market in 2020 and 2023. Overall, industry-wide revenue has been growing at a CAGR of 2.1% over the past five years and is expected to total $4.3 billion in 2023, when revenue will inch up 1.3% Operators in this industry offer tenant and employment background screening to consumers, landlords, corporations and other organizations. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.In check: Improvements in the labor market will strengthen industry demand
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- First Advantage Corporation
- Hireright Holdings Corp
- Sterling Check Corp.
Methodology
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