According to a new report, published by KBV research, The Global Employment Screening Services Market size is expected to reach $14.3 billion by 2031, rising at a market growth of 10.9% CAGR during the forecast period.
The IT/Technology/Media segment is anticipating a CAGR of 9.4% during (2024 - 2031). The increasing focus on data security and intellectual property protection has fueled the adoption of employment screening services in the IT, technology, and media sectors. These industries often handle sensitive information, making it imperative to verify the trustworthiness and skills of employees. The segment's growth is also a result of the increase in remote work and global talent hiring in these sectors, which necessitates comprehensive and scalable screening processes.
The Large Enterprises segment is leading the Global Employment Screening Services Market by Enterprise Size in 2023; thereby, achieving a market value of $8.8 billion by 2031. Large enterprises drive the adoption of employment screening services due to their expansive workforce and complex hiring processes. These organizations often operate across multiple regions and industries, requiring comprehensive background checks to ensure compliance with local regulations and company policies. The high stakes associated with employee integrity, security, and performance make screening an integral part of the hiring process. Additionally, the availability of larger budgets enables large enterprises to invest in advanced and thorough screening solutions, contributing to their dominance in the market.
The Education & Employment Verification segment is registering a CAGR of 10.6% during (2024 - 2031). Education and employment verification services are key market growth drivers as employers increasingly seek to validate candidates' qualifications and professional experience. This segment’s significant revenue share reflects the importance of ensuring new hires possess the credentials and skills necessary for their roles. The rise of fraudulent claims in resumes and the growing need for skilled talent across industries such as IT, healthcare, and financial services have amplified the demand for these verifications. The availability of automated solutions has further enhanced the efficiency and accuracy of these checks, contributing to the segment's growth.
Full Report: https://www.kbvresearch.com/employment-screening-services-market/
The North America region dominated the Global Employment Screening Services Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.3 billion by 2031. The Europe region is experiencing a CAGR of 10.7% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 11.4% during (2024 - 2031).
By Application
By Enterprise Size
By Services
Unique Offerings 
