Large Enterprise Segment to Dominate MEA Employment Screening Services during 2020-2028.
According to a new market research study on “MEA 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$ 251.47 million by 2028 from US$ 185.96 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the MEA employment screening services along with the drivers and restraints pertaining to the market growth. Demand of enterprise level software and database are the major factor driving the growth of the MEA employment screening services. However, concerns related to confidentiality of individuals hinder the growth of MEA employment screening services.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% in the country during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to the unemployment across the Middle East, thereby negatively impacting the employment screening services market performance. Similarly, in Q4 2020, South Africa's unemployment rate reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of the industries, the demand for skilled employees is also on rise, which is likely to propel the employee screening services market growth across the region in the coming years.
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 are among the leading companies in the MEA 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 2019 HireRight, a multinational provider of job background checks, drug monitoring, education verification, and electronic Form I-9 and E-Verify solutions, has launched HireRight Global, the industry's first global background screening solution. This cutting-edge technology platform is supported by operations and support teams that work around the clock.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% in the country during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to the unemployment across the Middle East, thereby negatively impacting the employment screening services market performance. Similarly, in Q4 2020, South Africa's unemployment rate reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of the industries, the demand for skilled employees is also on rise, which is likely to propel the employee screening services market growth across the region in the coming years.
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 are among the leading companies in the MEA 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 2019 HireRight, a multinational provider of job background checks, drug monitoring, education verification, and electronic Form I-9 and E-Verify solutions, has launched HireRight Global, the industry's first global background screening solution. This cutting-edge technology platform is supported by operations and support teams that work around the clock.
The report segments the MEA Employment Screening Services as follows:
MEA Employment Screening Services - By Services
- Background Screening
- Credit Check
- Criminal Record
- Verification
- Qualification
- Employment History Verification
- Reference
- Others
- Medical & Drug Testing
MEA Employment Screening Services - By End-user Industry
- IT & Telecom
- BFSI
- Government Agencies
- Travel & Hospitality
- Manufacturing
- Retail
- Healthcare
- Others
MEA Employment Screening Services - By Organization Size
- SMEs
- Large Enterprises
MEA Employment Screening Services - By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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Table of Contents
1. Introduction
3. Research Methodology
4. MEA Employment Screening Services Market Landscape
5. MEA Employment Screening Services Market - Key Market Dynamics
6. Employment Screening Services Market - MEA Analysis
7. MEA Employment Screening Services Market Analysis - By Services
8. MEA Employment Screening Services Market Analysis - By End-User Industry
9. MEA Employment Screening Services Market - By Organization Size
10. MEA Employment Screening Services Market - Country Analysis
11. Impact of COVID-19 Pandemic on Employment Screening Services Market
12. Industry Landscape
13. MEA Employment Screening Services Market - Company Profile
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CAPITA PLC
- DATAFLOW GROUP
- FIRST ADVANTAGE
- HIRERIGHT, LLC
- PINKERTON CONSULTING & INVESTIGATIONS, INC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 103 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 185.96 Million |
| Forecasted Market Value ( USD | $ 251.47 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Africa, Middle East |
