Global Background Check Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Background Check Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Background Check is a process a person or company uses to verify that an individual is who they claim to be, and this provides an opportunity to check and confirm the validity of someone's criminal record, education, employment history, and other activities from their past. The frequency, purpose, and legitimacy of background checks varies among countries, industries, and individuals. An employment background check typically takes place when someone applies for a job, but it can also happen at any time the employer deems necessary. A variety of methods are used to complete these checks including comprehensive database search and personal references.

Market Overview:

The latest research study on the global Background Check market finds that the global Background Check market reached a value of USD 4714.39 million in 2022. It’s expected that the market will achieve USD 6469.16 million by 2028, exhibiting a CAGR of 5.42% during the forecast period.

The safety and security needs of enterprises and organizations

As concerns about safety and responsibility have become increasingly prominent, more and more companies and organizations have adopted Background Checks as a standard element of the employment process. The screening of employees helps maintain the safety and security of the company and helps employers to verify the identity of individuals before hiring them to their organizations. The Background Check assures the employer that the detailed information provided by the individual is accurate and that the experience and qualifications mentioned in the resume are reasonable. One of the biggest attractions of requiring a Background Check is the peace of mind it brings to the business. Companies rely on employees not only to provide goods and services to their customer base, they also rely on them to maintain the company's brand and values. This means that anyone hired must also comply with company policies and procedures. In addition, conducting criminal Background Checks will reduce the company's overall risk profile. A company or company wants to ensure that no one on its team poses a risk to its employees or customer base, whether in terms of physical ability or putting disadvantaged members of society at psychological risk. Therefore, the Background Check for the safety of enterprises and organizations has promoted the development of the Background Check market.

Discrimination related to Background Checks

Although Background Checks on job applicants are not inherently discriminatory, if this is the reason why job applicants are not treated equally at any stage of the interview and recruitment process, it may become discriminatory. Choosing to only require applicants of a certain race or ethnicity to complete a criminal Background Check is a form of discrimination. It is also a form of discrimination to make different judgments on the results of criminal Background Checks for applicants of different backgrounds. An increasing number of cities and states, especially in the U.S., limit employers to enquire into criminal records and convictions. They also restrict employers to use other Background Check, such as credit history, to evaluate candidates. Discrimination concerns are also associated with the adoption of Background Check, for instance, if a particular credit history would disqualify an applicant, it must disqualify applicants of all races. Therefore, employers should be careful to avoid using any background report that may lead to rejection or hiring of any category of employees based on gender, race, and other protected categories. The possible occurrence of related discrimination issues can, to a certain extent, restrict the development of the Background Check industry.

Region Overview:

In 2022, the share of the Background Check market in North America stood at 51.84%.

Company Overview:

HireRight
HireRight is a global family of background screening companies. Its parent holding company is based in Irvine, California. The company offers a range of background, drug and health screening services for employment-related purposes. Its background screening services, including the provision of criminal record searches, are a core component of the employment screening program.

First Aduvatage

First Advantage provides comprehensive Background Check solutions and insights that enable employers and housing providers to make confident choices, reduce risk, and maintain compliance.

HireRight is one of the major players operating in the Background Check market, holding a share of 16.36% in 2022.

Segmentation Overview:

Among different product types, Cloud-based segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Background Check market covered in Chapter 3:

Accurate Background
Orange Tree Employment Screening
TazWorks
Sterling Infosystems
Spokeo
HireRight
First Aduvatage
Kroll Inc
PeopleFinders
PeopleConnect, Inc
Checkr
BeenVerified

In Chapter 4 and Chapter 14.2, on the basis of types, the Background Check market from 2018 to 2029 is primarily split into:

Cloud-based
On-premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Background Check market from 2018 to 2029 covers:

Commercial
Private

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)