Global Employment Criminal Background Check Services Market By Type (Criminal History Check, Identity Verification, Drug Screening, Credit History Check, Education & Employment Verification, Global Screening), By Service Provider (Specialized Agencies, Full-Service Providers, Technology Platforms, Consulting Firms), By End-Users (Corporate, Government Agencies, Healthcare, Education, Non-profit Organizations), & By Geographic Scope And Forecast
Report ID: 280415|No. of Pages: 202
Global Employment Criminal Background Check Services Market By Type (Criminal History Check, Identity Verification, Drug Screening, Credit History Check, Education & Employment Verification, Global Screening), By Service Provider (Specialized Agencies, Full-Service Providers, Technology Platforms, Consulting Firms), By End-Users (Corporate, Government Agencies, Healthcare, Education, Non-profit Organizations), & By Geographic Scope And Forecast
Employment Criminal Background Check Services Market Size And Forecast
Employment Criminal Background Check Services Market size was estimated at USD 489.35 Million in 2024 and is projected to reach USD 810.41 Million by 2031, growing at a CAGR of 7.18% from 2024 to 2031.
- Employment criminal background check services are utilized by businesses to verify the criminal history of potential hires.
- This process is undertaken to mitigate workplace safety, security, and financial integrity risks.
- Background checks provide employers with valuable insights into a candidate’s past, allowing for informed hiring decisions.
- By implementing such checks, businesses can foster a safer work environment, protect company assets, and ensure compliance with relevant regulations.
Global Employment Criminal Background Check Services Market Dynamics
The key market dynamics that are shaping the employment criminal background check services market include:
Key Market Drivers
- Heightened Security Concerns: Fueled by rising incidents of workplace violence, data breaches, and financial fraud, organizations are increasingly implementing background checks to safeguard their employees, assets, and sensitive information.
- Growing Emphasis on Risk Mitigation: As competition intensifies, businesses prioritize risk management strategies. Background checks are seen as a valuable tool to identify potentially risky candidates, thereby protecting the organization from future liabilities and ensuring a smooth work environment.
- Technological Advancements: Advancements in background check technology have streamlined the process, making it faster, more efficient, and cost-effective for employers. This accessibility is further fueling the adoption of background check services.
Key Challenges
- Evolving Regulatory Landscape: Stringent data privacy regulations, like GDPR (General Data Protection Regulation) in Europe, are constantly evolving. This necessitates adaptations in how background check companies handle personal information to ensure compliance, adding complexity to the service.
- Balancing Privacy Concerns: Increased public awareness and concern regarding individual privacy create a complex balancing act. Background check providers must navigate the need for thorough checks while respecting the privacy rights of candidates.
- Data Accuracy and Timeliness: The accuracy and timeliness of background check data are crucial for employers. However, fragmented data sources and bureaucratic processes can lead to delays and inconsistencies in reports, potentially impacting hiring decisions.
Key Trends
- Evolving Regulatory Landscape: Regulatory frameworks surrounding background checks are undergoing constant revision. This includes stricter requirements for specific industries or the introduction of new data privacy laws. Background check service providers are required to adapt their offerings to comply with these evolving regulations.
- Growing Demand for Global Screening: As businesses expand their operations internationally, the demand for global background checks is on the rise. This necessitates services that can navigate complex legal and data privacy regulations across different countries.
- Focus on Candidate Experience: There is a growing emphasis on creating a positive candidate experience during the background check process. This includes providing clear communication, transparency regarding data usage, and ensuring a fair and unbiased evaluation. Background check service providers are tailoring their services to address these concerns and create a smoother onboarding process for potential hires.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=280415
Global Employment Criminal Background Check Services Market Regional Analysis
Here is a more detailed regional analysis of the employment criminal background check services market:
North America
- North American regulations frequently require background checks for specific industries or roles, thereby increasing market demand.
- A heightened focus on lawsuits in North America prompts companies to utilize background checks to mitigate potential legal risks.
- Employers in North America rely on background checks for efficient candidate verification, given the vast and mobile workforce.
- The background check industry in North America is well-established, with strong service providers, further solidifying its market lead.
Europe
- Stricter regulations on data privacy and background checks are being enforced in Europe, necessitating these services for businesses to navigate compliance effectively.
- Increasing emphasis on workplace safety and data security is driving the demand for thorough background checks among European companies.
- The competitive job market in Europe is leading companies to utilize background checks to efficiently identify qualified candidates amid skilled workforce shortages.
Global Employment Criminal Background Check Services Market: Segmentation Analysis
The Global Employment Criminal Background Check Services Market is Segmented Based on Type, Service Provider, End-Users, and Geography.
Employment Criminal Background Check Services Market, By Type
- Criminal History Check
- Identity Verification
- Drug Screening
- Credit History Check
- Education & Employment Verification
- Global Screening
Based on Type, the market is segmented into Criminal History Check, Identity Verification, Drug Screening, Credit History Check, Education & Employment Verification, and Global Screening. The largest market share within the employment criminal background check services market is attributed to criminal history checks. This dominance is likely due to the focus on mitigating workplace safety, security, and financial integrity risks. Employers prioritize identifying past criminal offenses that could pose a threat.
Employment Criminal Background Check Services Market, By Service Provider
- Specialized Agencies
- Full-Service Providers
- Technology Platforms
- Consulting Firms
Based on Service Provider, the market is bifurcated into Specialized Agencies, Full-Service Providers, Technology Platforms, and Consulting Firms. The highest market share is held by full-service providers among the service providers. This is due to the comprehensive range of services offered by them, catering to various background check needs of clients.
Employment Criminal Background Check Services Market, By End-Users
- Corporate
- Government Agencies
- Healthcare
- Education
- Non-profit Organizations
Based on the End-Users, the market is classified into Corporate, Government Agencies, Healthcare, Education, and Non-profit Organizations. The corporate sector holds the highest market share. This dominance is attributed to the extensive hiring activities and stringent background check requirements imposed by corporations.
Employment Criminal Background Check Services Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest market share is held by North America. This dominance can be attributed to factors such as mature business environments, the presence of a diverse range of organizations, and strict regulations governing employment practices in the region.
Key Players
The “Employment Criminal Background Check Services Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as First Advantage, Sterling Talent Solutions, HireRight, Experian, Accurate Background, GoodHire, Capita Plc, ADP, Checkr, and Sentinel Background Checks.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.
Employment Criminal Background Check Services Market Recent Developments
- In April 2022, GoodHire was acquired by Checkr in a USD 400 Million deal, thereby bringing together two of the most innovative companies in the field of employee background checks. With this acquisition, businesses of all sizes will be served more effectively, and Checkr’s business will be further strengthened.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | First Advantage, Sterling Talent Solutions, HireRight, Experian, Accurate Background, GoodHire, Capita Plc, ADP, Checkr, and Sentinel Background Checks. |
| SEGMENTS COVERED | Type, Service Provider, End-Users, and Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
TABLE OF CONTENT
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET OVERVIEW
3.2 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES ECOLOGY MAPPING
3.3 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES ABSOLUTE MARKET OPPORTUNITY
3.4 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET ATTRACTIVENESS
3.5 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.6 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION (USD MILLION)
3.7 FUTURE MARKET OPPORTUNITIES
3.8 GLOBAL MARKET SPLIT
4 MARKET OUTLOOK
4.1 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET EVOLUTION
4.2 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 MASSIVE INFLUX OF JOB IMMIGRANTS DUE TO GLOBALIZATION
4.3.2 GROWING NUMBER OF GIG WORKERS
4.4 MARKET RESTRAINTS
4.4.1 POTENTIAL COMPLIANCE CHALLENGES AND DISCRIMINATION CONCERNS TO HINDER THE MARKET GROWTH
4.5 MARKET OPPORTUNITIES
4.5.1 INTEGRATION OF AI TO PROVIDE GROWTH OPPORTUNITIES
4.6 IMPACT OF COVID-19 ON THE MARKET
4.7 IMPACT OF COVID-19 ON THE MARKET
4.8 PORTER’S FIVE FORCES
4.8.1 THE THREAT OF NEW ENTRY
4.8.2 BARGAINING POWER OF SUPPLIERS
4.8.3 BARGAINING POWER OF BUYERS
4.8.4 THREAT OF SUBSTITUTES
4.8.5 INDUSTRIAL RIVALRY
4.9 VALUE CHAIN ANALYSIS
4.10 RECENT DEVELOPMENT
4.11 REGULATIONS RELATED TO CRIMINAL BACKGROUND CHECKS ACROSS THE GLOBE
4.12 PROGRAMS RELATED TO CRIMINAL BACKGROUND CHECKS ACROSS THE GLOBE
4.13 PRICING ANALYSIS
4.14 MACROECONOMIC ANALYSIS
5 MARKET, BY APPLICATION
5.1 OVERVIEW
5.1 HEALTHCARE
5.2 GOVERNMENT
5.3 IT/TECHNOLOGY/MEDIA
5.4 FINANCIAL SERVICES
5.5 RETAIL
5.6 STAFFING
5.7 INDUSTRIAL
5.8 OTHERS
6 MARKET, BY GEOGRAPHY
6.1 OVERVIEW
6.2 NORTH AMERICA
6.2.1 NORTH AMERICA MARKET SNAPSHOT
6.2.2 U.S.
6.2.3 CANADA
6.2.4 MEXICO
6.3 EUROPE
6.3.1 EUROPE MARKET SNAPSHOT
6.3.2 FRANCE
6.3.3 GERMANY
6.3.4 U.K
6.3.5 ITALY
6.3.6 SPAIN
6.3.7 REST OF EUROPE
6.4 ASIA-PACIFIC
6.4.1 ASIA-PACIFIC MARKET SNAPSHOT
6.4.2 AUSTRALIA
6.4.3 JAPAN
6.4.4 INDIA
6.4.5 NEW ZEALAND
6.4.6 REST OF ASIA-PACIFIC
6.5 MIDDLE EAST AND AFRICA
6.5.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
6.5.2 SAUDI ARABIA
6.5.3 UAE
6.5.4 SOUTH AFRICA
6.5.5 REST OF MIDDLE EAST AND AFRICA
6.6 LATIN AMERICA
6.6.1 LATIN AMERICA MARKET SNAPSHOT
6.6.2 BRAZIL
6.6.3 ARGENTINA
6.6.4 REST OF LATIN AMERICA
7 COMPETITIVE LANDSCAPE
7.1 OVERVIEW
7.2 COMPANY MARKET RANKING ANALYSIS,
7.3 KEY DEVELOPMENT
8 COMPANY PROFILES
8.1 FIRST ADVANTAGE
8.1.1 COMPANY OVERVIEW
8.1.2 COMPANY INSIGHTS
8.1.3 PRODUCT BENCHMARKING
8.1.4 WINNING IMPERATIVES
8.1.5 CURRENT FOCUS & STRATEGIES
8.1.6 THREAT FROM COMPETITION
8.1.7 SWOT ANALYSIS
8.2 STERLING
8.2.1 COMPANY OVERVIEW
8.2.2 COMPANY INSIGHTS
8.2.3 PRODUCT BENCHMARKING
8.2.4 WINNING IMPERATIVES
8.2.5 CURRENT FOCUS & STRATEGIES
8.2.6 THREAT FROM COMPETITION
8.2.7 SWOT ANALYSIS
8.3 HIRERIGHT
8.3.1 COMPANY OVERVIEW
8.3.2 COMPANY INSIGHTS
8.3.3 SEGMENT BREAKDOWN
8.3.4 PRODUCT BENCHMARKING
8.3.5 WINNING IMPERATIVES
8.3.6 CURRENT FOCUS & STRATEGIES
8.3.7 THREAT FROM COMPETITION
8.3.8 SWOT ANALYSIS
8.4 CHECKR, INC.
8.4.1 COMPANY OVERVIEW
8.4.2 PRODUCT BENCHMARKING
8.4.3 PRODUCT PRICING
8.4.4 KEY DEVELOPMENTS
8.5 MILLOW
8.5.1 COMPANY OVERVIEW
8.5.2 PRODUCT BENCHMARKING
8.6 ACCURATE BACKGROUND
8.6.1 COMPANY OVERVIEW
8.6.2 PRODUCT BENCHMARKING
8.7 TRANSUNION LLC.
8.7.1 COMPANY OVERVIEW
8.7.2 COMPANY INSIGHTS
8.7.3 PRODUCT BENCHMARKING
8.8 INFO CUBIC
8.8.1 COMPANY OVERVIEW
8.8.2 PRODUCT BENCHMARKING
8.9 CV CHECK
8.9.1 COMPANY OVERVIEW
8.9.2 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 3 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
TABLE 1 NORTH AMERICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY COUNTRY, 2020-2030 (MILLION)
TABLE 2 NORTH AMERICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (MILLION)
TABLE 3 U.S. EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 4 CANADA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 5 MEXICO EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 6 EUROPE EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 7 EUROPE EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 8 FRANCE EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 9 GERMANY EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 10 U.K EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 11 ITALY EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 12 SPAIN EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 13 REST OF EUROPE EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 14 ASIA-PACIFIC EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 15 ASIA-PACIFIC EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 16 AUSTRALIA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 17 JAPAN EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 18 \INDIA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 19 NEW ZEALAND EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 20 REST OF ASIA-PACIFIC EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 21 MIDDLE EAST AND AFRICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 22 MIDDLE EAST AND AFRICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 23 SAUDI ARABIA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 24 UAE EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 25 SOUTH AFRICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 26 REST OF MIDDLE EAST AND AFRICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 27 LATIN AMERICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 28 LATIN AMERICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 29 BRAZIL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 30 ARGENTINA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 31 REST OF LATIN AMERICA EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 32 COMPANY MARKET RANKING ANALYSIS
TABLE 33 FIRST ADVANTAGE: PRODUCT BENCHMARKING
TABLE 34 FIRST ADVANTAGE: WINNING IMPERATIVES
TABLE 35 STERLING: PRODUCT BENCHMARKING
TABLE 36 STERLING: WINNING IMPERATIVES
TABLE 37 HIRERIGHT: PRODUCT BENCHMARKING
TABLE 38 HIRERIGHT: WINNING IMPERATIVES
TABLE 39 CHECKR.: KEY DEVELOPMENTS
TABLE 40 MILLOW: PRODUCT BENCHMARKING
TABLE 41 TRANSUNION LLC: PRODUCT BENCHMARKING
TABLE 42 INFO CUBIC.: PRODUCT BENCHMARKING
TABLE 43 CV CHECK.: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES ECOLOGY MAPPING
FIGURE 7 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES ABSOLUTE MARKET OPPORTUNITY
FIGURE 8 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET ATTRACTIVENESS
FIGURE 9 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET GEOGRAPHICAL ANALYSIS, 2023-2030
FIGURE 10 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION (USD MILLION)
FIGURE 11 FUTURE MARKET OPPORTUNITIES
FIGURE 12 NORTH AMERICA DOMINATED THE MARKET IN 2021
FIGURE 13 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET OUTLOOK
FIGURE 14 NUMBER OF INTERNATIONAL MIGRANT WORKERS IN THE WORLD (IN MILLIONS)
FIGURE 15 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY APPLICATION
FIGURE 16 GLOBAL EMPLOYMENT CRIMINAL BACKGROUND CHECK SERVICES MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
FIGURE 17 U.S. MARKET SNAPSHOT
FIGURE 18 CANADA MARKET SNAPSHOT
FIGURE 19 MEXICO MARKET SNAPSHOT
FIGURE 20 FRANCE MARKET SNAPSHOT
FIGURE 21 GERMANY MARKET SNAPSHOT
FIGURE 22 U.K MARKET SNAPSHOT
FIGURE 23 ITALY MARKET SNAPSHOT
FIGURE 24 SPAIN MARKET SNAPSHOT
FIGURE 25 REST OF EUROPE MARKET SNAPSHOT
FIGURE 26 AUSTRALIA MARKET SNAPSHOT
FIGURE 27 JAPAN MARKET SNAPSHOT
FIGURE 28 INDIA MARKET SNAPSHOT
FIGURE 29 NEW ZEALAND MARKET SNAPSHOT
FIGURE 30 REST OF ASIA-PACIFIC MARKET SNAPSHOT
FIGURE 31 SAUDI ARABIA MARKET SNAPSHOT
FIGURE 32 UAE MARKET SNAPSHOT
FIGURE 33 SOUTH AFRICA MARKET SNAPSHOT
FIGURE 34 REST OF MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 35 BRAZIL MARKET SNAPSHOT
FIGURE 36 ARGENTINA MARKET SNAPSHOT
FIGURE 37 REST OF LATIN AMERICA MARKET SNAPSHOT
FIGURE 38 KEY DEVELOPMENT
FIGURE 39 FIRST ADVANTAGE: COMPANY INSIGHT
FIGURE 40 FIRST ADVANTAGE: SWOT ANALYSIS
FIGURE 41 STERLING: COMPANY INSIGHT
FIGURE 42 STERLING: SWOT ANALYSIS
FIGURE 43 HIRERIGHT: COMPANY INSIGHT
FIGURE 44 HIRERIGHT: BREAKDOWN
FIGURE 45 HIRERIGHT: SWOT ANALYSIS
FIGURE 46 CHECKR, INC.: PRODUCT BENCHMARKING
FIGURE 47 CHECKR, INC.: PRODUCT PRICING
FIGURE 48 ACCURATE BACKGROUND: PRODUCT BENCHMARKING
FIGURE 49 TRANSUNION LLC.: COMPANY INSIGHT
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
