At 10.5% CAGR, North America Employment Screening Services Market is Projected to be Worth US$ 5,870.95 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America employment screening services market was valued at US$ 2,645.96 million in 2022 and is expected to reach US$ 5,870.95 million by 2030, registering a CAGR of 10.5% from 2022 to 2030. Demand for enterprise-level software and database and demand for time-efficient selection systems owing to rising number of job applicants are among the critical factors attributed to the North America employment screening services market expansion. 

Internet and other advanced technologies have gradually become an integral part of the employee screening process. Companies seek enterprise-level systems or software to assist in their internal hiring processes. Moreover, companies providing screening services are being asked to integrate these technologies to restructure the workload for a firm's HR department, shifting the manual, traditional procedure into a more technology-driven industry. The use of commercially compiled databases to supplement conventional processes is another emerging trend in the employee screening market. However, the information delivered by commercial databases should not be considered the sole source of evidence due to the possibility of gaps in data and regular updates in some jurisdictions.

On the contrary, concerns related to confidentiality of candidate data hampers the growth of North America employment screening services market. 

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$ 1,476.69 million. It is projected to garner US$ 3,359.38 million 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$ 2,334.75 million by 2030 to expand at 14.5% CAGR from 2022 to 2030.

Based on organization size, the North America employment screening services market is bifurcated into SMEs and large enterprises. The large enterprises segment held 64.9% market share in 2022, amassing US$ 1,717.72 million. It is projected to garner US$ 4,028.03 million by 2030 to register 11.2% CAGR between 2022 and 2030.

Based on country, the North America employment screening services market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.3% share of North America employment screening services market in 2022. It was assessed at US$ 2,097.92 million in 2022 and is likely to hit US$ 4,765.51 million by 2030, exhibiting a CAGR of 10.8% during 2022–2030.            

Key players operating in the North America employment screening services market are 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, among others.

• 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com