IT & Telecom Segment to Dominate Europe Employment Screening Services during 2020-2028.
According to a new market research study on “Europe Employment Screening Services to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Services, End-user Industry, and Organization size,” is expected to reach US$ 1457.39 million by 2028 from US$ 1053.28 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the Europe employment screening services along with the drivers and restraints pertaining to the market growth. Demand for time efficient selection systems owing to rising number of job applicants are the major factor driving the growth of the Europe employment screening services. However, inadequacy of defined regulations in certain countries hinder the growth of Europe employment screening services.
In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. According to a new study from Eurostat, the European Union's statistical office, the unemployment rate remained relatively constant from September to December in 2020, with an annual increase of 7.5% percent in 2020 compared to that of 6.5% in 2019. According to a Eurostat report In December 2020, 16 million men and women were unemployed, which indicates a surge of 2 million over that in the previous year. This had a negative impact on the European employment screening services market. However, with the declining COVID-19 cases across the country on average as well as manufacturing units, hospitality sector, and retail stores resuming their normal course of business have propelled the demand for employees across the European countries. This has led to the increase in recruitment across the region in many industries, thereby bolstering the employment screening services market growth.
The market for employment screening services is segmented into services, End-user, organization size, and country. Based on services the employment screening services market has been segmented on the basis of service into background screening, verification, and medical and drug testing. The verification segment dominated the employment screening services market in 2020. Based on background screening services the employment screening services market has been segmented into credit check, criminal record. Based on verification services the employment screening services market has been segmented into qualification, employment history verification, reference, others. Based on End-user industry the employment screening services market has been segmented into IT & telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. The IT & telecom segment dominated the employment screening services market in 2020. Based on organization size the employment screening services market has been segmented into large-size enterprise and SMEs. The large-size enterprise segment dominated the employment screening services market in 2020.
CAPITA PLC; FIRST ADVANTAGE; HIRERIGHT, LLC; PINKERTON CONSULTING & INVESTIGATIONS, INC; STERLING TALENT SOLUTIONS; TRITON INC; are among the leading companies in the Europe employment screening services. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, The UK’s national qualifications agency UK NARIC has launched a new initiative to combat fraud in academic credentials, through an agreement with The DataFlow Group, a company specializing in document verification, background screening and immigration compliance.
In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. According to a new study from Eurostat, the European Union's statistical office, the unemployment rate remained relatively constant from September to December in 2020, with an annual increase of 7.5% percent in 2020 compared to that of 6.5% in 2019. According to a Eurostat report In December 2020, 16 million men and women were unemployed, which indicates a surge of 2 million over that in the previous year. This had a negative impact on the European employment screening services market. However, with the declining COVID-19 cases across the country on average as well as manufacturing units, hospitality sector, and retail stores resuming their normal course of business have propelled the demand for employees across the European countries. This has led to the increase in recruitment across the region in many industries, thereby bolstering the employment screening services market growth.
The market for employment screening services is segmented into services, End-user, organization size, and country. Based on services the employment screening services market has been segmented on the basis of service into background screening, verification, and medical and drug testing. The verification segment dominated the employment screening services market in 2020. Based on background screening services the employment screening services market has been segmented into credit check, criminal record. Based on verification services the employment screening services market has been segmented into qualification, employment history verification, reference, others. Based on End-user industry the employment screening services market has been segmented into IT & telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. The IT & telecom segment dominated the employment screening services market in 2020. Based on organization size the employment screening services market has been segmented into large-size enterprise and SMEs. The large-size enterprise segment dominated the employment screening services market in 2020.
CAPITA PLC; FIRST ADVANTAGE; HIRERIGHT, LLC; PINKERTON CONSULTING & INVESTIGATIONS, INC; STERLING TALENT SOLUTIONS; TRITON INC; are among the leading companies in the Europe employment screening services. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, The UK’s national qualifications agency UK NARIC has launched a new initiative to combat fraud in academic credentials, through an agreement with The DataFlow Group, a company specializing in document verification, background screening and immigration compliance.
The report segments the Europe Employment Screening Services as follows:
Europe Employment Screening Services - By Services
- Background Screening
- Credit Check
- Criminal Record
- Verification
- Qualification
- Employment History Verification
- Reference
- Others
- Medical & Drug Testing
Europe Employment Screening Services - By End-user Industry
- IT & Telecom
- BFSI
- Government Agencies
- Travel & Hospitality
- Manufacturing
- Retail
- Healthcare
- Others
Europe Employment Screening Services - By Organization Size
- SMEs
- Large Enterprises
Europe Employment Screening Services - By Country
- France
- Germany
- UK
- Italy
- Spain
- Rest of Europe
Reasons to buy:
- To understand the Europe employment screening services landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe employment screening services
- Efficiently plan M&A and partnership deals in Europe employment screening services by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe employment screening services
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region
Frequently Asked Questions about the European Employment Screening Services Market
What is the estimated value of the European Employment Screening Services Market?
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Who are the key companies in the European Employment Screening Services Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 1053.28 Million |
| Forecasted Market Value ( USD | $ 1457.39 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Europe |
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Employment Screening Services Market Landscape
5. Europe Employment Screening Services Market - Key Market Dynamics
6. Employment Screening Services Market - Europe Analysis
7. Europe Employment Screening Services Market Analysis - By Services
8. Europe Employment Screening Services Market Analysis - By End-User Industry
9. Europe Employment Screening Services Market - By Organization Size
10. Europe Employment Screening Services Market - Country Analysis
11. Impact of COVID-19 Pandemic on Europe Employment Screening Services Market
12. Industry Landscape
13. Europe Employment Screening Services Market - Company Profile
14. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- CAPITA PLC
- FIRST ADVANTAGE
- GOODHIRE
- HIRERIGHT, LLC
- PINKERTON CONSULTING & INVESTIGATIONS, INC
- STERLING TALENT SOLUTIONS
