Middle East & Africa Employment Screening Services Market Forecast to 2030 - Regional Analysis - by Services [Background Check (Credit Check and Criminal Record), Verification (Qualification, Employment History Verification, Reference, and Others), and Medical & Drug Testing], Application (IT and Telecom, BFSI, Government Agencies, Travel and Hospitality, Manufacturing, Retail, Healthcare, and Others), and Organization Size (SMEs and Large Enterprises)
The Middle East & Africa employment screening services market was valued at US$ 229.89 million in 2022 and is expected to reach US$ 440.04 million by 2030; it is estimated to record a CAGR of 8.5% from 2022 to 2030 .
Adoption of Blockchain and Other Advanced Technologies in Employee Screening Bolster Middle East & Africa Employment Screening Services MarketCompanies in the employee screening services market can offer personalized services tailored to the needs of today's tech-savvy businesses with the integration of blockchain in their applications. Blockchain technology is developing quickly with a rise in the use cases and demand areas of blockchain. Adopting blockchain technology enables companies to meet regulatory concerns and customer demands. The technology helps reduce documentation and compliance costs.
Integrating blockchain technology into employee screening solutions and services benefits employers through secured payroll, protected employee data, eliminating candidate-record verification, and streamlining onboarding. The technology has the potential to help recruiters authenticate candidate credentials in a highly secure way and reduce the probability of certificates and accolades being faked or altered. Blockchain can be viewed as an unhackable ledger system capable of storing data on employees and assisting in creating comprehensive employee profiles. It can check performance, job history, and a variety of other information that will aid in assessing whether or not a candidate is a good fit for the organization. This technology will be able to improve the overall operating system and applications used by background screening companies. It will not only improve performance but also offer better, faster, and more accurate outcomes if the infrastructure is properly supported and exploited. Blockchain technology helps overcome challenges associated with detecting such alterations during the screening process. Moreover, implementing blockchain allows recruiters to secure candidate details and access verified data from one platform, which saves the money spent in the screening process. Hence, the growing adoption of blockchain technology is an emerging trend in the employment screening services market.
Middle East & Africa Employment Screening Services Market OverviewThe Middle East & Africa employment screening services market is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The UAE, the most advanced country in the MEA, strives to implement several technologically advanced solutions to influence its global image. The country government invests significantly higher amounts in developing robust infrastructure, owing to which the employment rate has skyrocketed over the years. Similarly, the Saudi Arabian government is making influential strides to boost its technological, healthcare, hospitality, and transportation sectors. The Saudi Arabian government also implements strict rules regarding the employment of Saudi and foreign nationals. On the other hand, South Africa lags in establishing strict rules and laws for its employment sector, which is majorly attributed to uncertain political scenarios. However, the increasing number of jobs in various sectors such as banking and finance, IT and telecom, healthcare, retail and e-commerce, and construction is driving the recruitment process in the MEA. According to the UN news, more than 33 million jobs are expected to be created by 2030 in the region, which is likely to provide lucrative opportunities for the employment screening services market growth in the coming years.
Middle East & Africa Employment Screening Services Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Employment Screening Services Market SegmentationThe Middle East & Africa employment screening services market is segmented based on services, application, organization size, and country. Based on services, the Middle East & Africa employment screening services market is categorized into background check, verification, and medical & drug testing. The verification segment held the largest market share in 2022.
By application, the Middle East & Africa 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 the largest market share in 2022.
In terms of organization size, the Middle East & Africa employment screening services market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.
Based on country, the Middle East & Africa employment screening services market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa employment screening services market share in 2022.
Capita Plc, DataFlow LLC, First Advantage Corp, HireRight LLC, Sterling Check Corp, Pinkerton Consulting & Investigations Inc, and Triton Inc are some of the leading players operating in the Middle East & Africa employment screening services market.
Reasons to BuySave and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa employment screening services market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa employment screening services market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa employment screening services market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.