What is Background Check?
A background check is a practice that a person or corporation does to verify that someone is who they say they are, and it allows them to examine and validate the accuracy of their criminal record, education, employment history, and other past activities. Background checks vary in terms of frequency, purpose, and legitimacy depending on the country, industry, and individual.A background check for employment is usually done when someone applies for a job, but it can also be done at any time the employer thinks essential. These checks are carried out using a range of techniques, including a thorough database search and personal references.
The market study is broken down by Type (Employment Background Checks, Criminal Background Checks, Universal Background Checks, Oig Background Checks, E-Verify Background Checks, Fingerprint Background Checks, International Background Checks and Other), by Application (Commercial and Private) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Background Check market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HireRight(United States), backgroundchecks.com (United States), Accurate (United States), Checkr (United States), GoodHire (United States), Intelius (United States), Employment Screening Resources (United States), IntelliCorp (United States), Verified Credentials (United States) and Justifacts (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Inteligator (United States), BeenVerified (United States) and Verispy (United States).
AdvanceMarketAnalytics has segmented the market of Global Background Check market by Type, Application and Region.
On the basis of geography, the market of Background Check has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Functionality, the sub-segment i.e. Dashboards will boost the Background Check market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud Based will boost the Background Check market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 9 April 2020, Accurate Background, “Accurate”, has acquired CareerBuilder Employment Screening, “CBES”, from CareerBuilder. The combined entity will operate under the Accurate Background brand and creates a uniquely positioned company focused on technology innovation, customer service, candidate experience, and delivery at scale. Through a strategic partnership agreement, CareerBuilder will continue to offer Accurate’s employment screening services to clients.
On 8 November 2021, Checkr, a leading technology company powering the future of work, announced it has started its first philanthropic group, Checkr.org. Checkr, whose mission is to build a fairer future by designing technology to create opportunities for all, has funded Checkr.org through the 1% Pledge, devoting one percent of the company’s total equity, time, profits, and products.
- Higher Adoption Of Background Check In Enterprises
- Increasing Demand For Background Checks In Commercial And Private Sectors
- Growing Need For Security And Safety
- Increasing Awareness About The Importance Of Background Checks
- Concern Regarding Risk Associated With Frequent Pricing
- High Cost Associated With The Background Check Services
Key Target AudienceBackground Check, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as HireRight(United States), backgroundchecks.com (United States), Accurate (United States), Checkr (United States), GoodHire (United States), Intelius (United States), Employment Screening Resources (United States), IntelliCorp (United States), Verified Credentials (United States) and Justifacts (United States) etc.
2. Can we have customized study for Background Check Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Background Check Market by 2027?
Analysts at AMA estimates Background Check Market to reach USD Million by 2027.