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  • The use of Employment Screening Services is expected to Accelerate the Growth of Employment Screening Services Market from 2018 to 2025

     



    (I-SoftwareNews.Com, October 18, 2018 ) Employment Screening Services market by services is segmented into background screening, verification, medical testing, electronic auditing & verification. Increase in mobile workforce and job immigrants as an after effect of globalization, rising fraudulent activities by applicants and the need to mitigate such activities are some of the factors that are proving to be highly conducive to the growth of employment screening services market. The market for car wash machines is highly fragmented market with the top ten companies accounting for approximately 20% of the market share. Less entry barriers to enter the business has favored the influx of many small companies into this business.

    A significant reduction in time and cost can be achieved with the implementation of employment screening service in organizations. Also, employment screening services help in saving organizations’ time in the long-run by clarifying the responsibilities to ensure the recruitment of appropriate candidate in the right way resulting in increased efficiency and work quality, thereby driving its adoption. The employment screening services market is further flourishing with the increased demand for time efficient selection systems owing to rising number of job applicants. Introduction of big data technology in this industry is expected to create new opportunities for the global employment screening services market during the forecasted period. Global employment screening services market is expected to grow from US$ 3.74 billion in 2016 to US$ 5.46 billion by 2025 at a CAGR of 4.32% between 2017 and 2025.

    Leading Market Players :
    Some of the major players influencing employment screening services market are Accurate Background, LLC, AuthBridge, A-Check America, Inc., Capita plc, DataFlow Group, First Advantage Corporation, HireRight LLC, Pinkerton Consulting & Investigations Inc., Sterling Talent Solution, Triton, Verity Screening Solutions, GoodHire, and Insperity, Inc. among others.

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    Employment Screening Services market is expected to grow to US$ 5.46 billion by 2025 from US$ 3.74 billion in 2016. Higher standards of living, higher job opportunities, access to modern amenities and services are the few major factors that have contributed in the migration of rural population to the urban areas around the world. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. Also, as urbanization has increased, there have been increasing need for creation of jobs in the urban areas. The number of applicants applying for a job in any organization has increased to very high numbers.

    Globalization has resulted in large influx of job immigrants majorly in the highly advanced countries of the world in search of better standards of living as well as better job opportunities. As per the statistics by US Government, the total number of working immigrants in the age group from 16 to 65 increased to 5.7 million by the first half of 2014. There has been increased influx of immigrants in lower-skilled jobs as well as highly professional jobs in the developed countries of US, UK, Germany and Canada. Private households; textile, apparel and leather manufacturing; agriculture; information technology, computer & electronic products and administrative & support services are the sectors that have witnesses rising number of job immigrants. Mischievous immigrants pose a risk to the security of the organization and even country sometimes. The countries witnessing higher number of immigrations for seeking jobs have laid down various regulations and pre-requisites for the applicants.

    Table of Content:

    1 Introduction 18
    2.1 Scope of the Study 18
    2.2 The Insight Partners Research Report Guidance 18

    3 Key Takeaways 20

    4 Employment Screening Services Market Landscape 22
    4.1 Market Overview 22
    4.2 Market Segmentation 23
    4.2.1 Global Employment Screening Services Market - By Service 24
    4.2.2 Global Employment Screening Services Market - By Application 25
    4.2.3 Global Employment Screening Services Market - By Geography 25
    4.3 PEST Analysis 27
    4.3.1 North America PEST Analysis 27
    4.3.2 Europe PEST Analysis 29
    4.3.3 Asia Pacific PEST Analysis 31
    4.3.4 Middle East & Africa PEST Analysis 33
    4.3.5 South America PEST Analysis 35

    5 Global Employment Screening Services Market - Key Industry Dynamics 37
    5.1 Key Market Drivers 37

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    The Insight Partners

    Sameer Joshi

    +1-646-491-9876

    sam@theinsightpartners.com

    Source: EmailWire.Com

    Source: EmailWire.com

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