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South America Employment Screening Services Market Forecast to 2028 -Regional Analysis

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    Report

  • 120 Pages
  • June 2023
  • The Insight Partners
  • ID: 5887901
The South America employment screening services market is expected to grow from US$ 138.74 million in 2023 to US$ 201.74 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2023 to 2028.

Adoption of Blockchain and Other Advanced Technologies in Employee Screening Fuels South America Employment Screening Services Market

Companies 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 reduces the probability of certificates and accolades being faked or altered. As per a survey conducted by HireRight LLC in 2017, 85% of HR professionals found false data on candidate resumes. 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 South America employment screening services market.

South America Employment Screening Services Market Overview

The employment screening services market in South America is segmented into Brazil, Argentina, and the Rest of SAM. The employment screening services market in South America is anticipated to grow significantly in the coming years. Brazil is the most mature market in the South American continent, investing substantial amounts in various industries. The Brazilian government has acted leniently in formulating a comprehensive data privacy law over the years. However, specific laws comprise privacy components. According to Brazilian law, an employer is entitled to conduct background checks with the candidate's consent and is liable for discrimination if he denies a job based on a background check.

Exhibit: South America Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)

South America Employment Screening Services Market Segmentation

The South America employment screening services market is segmented into services, end-user industry, organization size, and country.

Based on services, the South America employment screening services market is segmented into background check, verification, and medical & drug testing. The verification segment held the largest share of the South America employment screening services market in 2023.

Based on end-user industry, the South America employment screening services market is segmented into IT & Telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. The IT & Telecom segment held the largest share of the South America employment screening services market in 2023.

Based on organization size, the South America employment screening services market is segmented into SMEs and large enterprise. The large enterprise segment held a larger share of the South America employment screening services market in 2023.

Based on country, the South America employment screening services market is segmented int o Brazil, Argentina, and the Rest of South America. The Brazil dominated the share of the South America employment screening services market in 2023.

First Advantage Corp; HireRight holdings Corp; Pinkerton Consulting & Investigations Inc; and Sterling Check Corp are the leading companies operating in the South America employment screening services market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Employment Screening Services Market - By Services
1.3.2 South America Employment Screening Services Market - By Application
1.3.3 South America Employment Screening Services Market - By Organization Size
1.3.4 South America Employment Screening Services Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Employment Screening Services Market Landscape
4.1 Market Overview
4.2 SAM: PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South America Employment Screening Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Demand for Time-Efficient Selection Systems Owing to Rising Number of Job Applicants
5.1.2 Increase in Job Immigrants Amid Globalization
5.1.3 Need to Mitigate Risks Associated with Fraudulent Activities of Applicants
5.2 Market Restraints
5.2.1 Concerns Related to Confidentiality of Candidate Data
5.3 Market Opportunities
5.3.1 Introduction of Big Data
5.4 Future Trends
5.4.1 Demand for Enterprise-Level Software and Database
5.4.2 Adoption of Blockchain and Other Advanced Technologies in Employee Screening
5.4.3 Modifications in Background Screening Processes
5.5 Impact Analysis of Drivers and Restraints
6. Employment Screening Services Market - South America Analysis
6.1 South America Employment Screening Services Market Overview
6.2 South America Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
7. South America Employment Screening Services Market Analysis - By Services
7.1 Overview
7.2 South America Employment Screening Services Market, By Services (2022 and 2028)
7.3 Background Screening
7.3.1 Overview
7.3.2 Background Screening: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.3.3 Credit Check
7.3.3.1 Overview
7.3.3.2 Credit Check: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.3.4 Criminal Record Check
7.3.4.1 Overview
7.3.4.2 Criminal Record Check: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Verification
7.4.1 Overview
7.4.2 Verification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4.3 Qualification
7.4.3.1 Overview
7.4.3.2 Qualification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4.4 Employment History Verification
7.4.4.1 Overview
7.4.4.2 Employment History Verification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4.5 Reference
7.4.5.1 Overview
7.4.5.2 Reference: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4.6 Others
7.4.6.1 Overview
7.4.6.2 Others: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.5 Medical and Drug Testing
7.5.1 Overview
7.5.2 Medical and Drug Testing: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
8. South America Employment Screening Services Market Analysis - By End User Industry
8.1 Overview
8.2 South America Employment Screening Services Market, By End User Industry (2022 and 2028)
8.3 IT and Telecom
8.3.1 Overview
8.3.2 IT and Telecom: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.4 BFSI
8.4.1 Overview
8.4.2 BFSI: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Government Agencies
8.5.1 Overview
8.5.2 Government Agencies: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Travel and Hospitality
8.6.1 Overview
8.6.2 Travel and Hospitality: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.7 Manufacturing
8.7.1 Overview
8.7.2 Manufacturing: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.8 Retail
8.8.1 Overview
8.8.2 Retail: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.9 Healthcare
8.9.1 Overview
8.9.2 Healthcare: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
9. South America Employment Screening Services Market - By Organization Size
9.1 Overview
9.2 South America Employment Screening Services Market Breakdown, by Organization Size, 2020 & 2028
9.3 Small and Medium-Sized Enterprises (SMEs)
9.3.1 Overview
9.3.2 Small and Medium Sized Enterprises: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
10. South America Employment Screening Services Market - Country Analysis
10.1 Overview
10.1.1 South America Employment Screening Services Market Breakdown, by Country
10.1.1.1 Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028
10.1.1.1.1 Brazil: South America Employment Screening Services Market Breakdown, By Services
10.1.1.1.2 Brazil: South America Employment Screening Services Market Breakdown, By Background Screening
10.1.1.1.3 Brazil: South America Employment Screening Services Market Breakdown, By Verification
10.1.1.1.4 Brazil: South America Employment Screening Services Market Breakdown, By End User Industry
10.1.1.1.5 Brazil: South America Employment Screening Services Market Breakdown, By Organization Size
10.1.1.2 Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028
10.1.1.2.1 Argentina: South America Employment Screening Services Market Breakdown, By Services
10.1.1.2.2 Argentina: South America Employment Screening Services Market Breakdown, By Background Screening
10.1.1.2.3 Argentina: South America Employment Screening Services Market Breakdown, By Verification
10.1.1.2.4 Argentina: South America Employment Screening Services Market Breakdown, By End User Industry
10.1.1.2.5 Argentina: South America Employment Screening Services Market Breakdown, By Organization Size
10.1.1.3 Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028
10.1.1.3.1 Rest of South America: South America Employment Screening Services Market Breakdown, By Services
10.1.1.3.2 Rest of South America: South America Employment Screening Services Market Breakdown, By Background Screening
10.1.1.3.3 Rest of South America: South America Employment Screening Services Market Breakdown, By Verification
10.1.1.3.4 Rest of South America: South America Employment Screening Services Market Breakdown, By End User Industry
10.1.1.3.5 Rest of South America: South America Employment Screening Services Market Breakdown, By Organization Size
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 First Advantage Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HireRight holdings Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sterling Check Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Pinkerton Consulting & Investigations Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Publisher
13.2 Word Index
List of Tables
Table 1. South America Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Employment Screening Services Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 4. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 5. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 6. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 7. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 8. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 9. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 10. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 11. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 12. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 13. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 14. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 15. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 16. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 17. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 18. List of Abbreviation
List of Figure
Figure 1. South America Employment Screening Services Market Segmentation
Figure 2. South America Employment Screening Services Market Segmentation - By Country
Figure 3. South America Employment Screening Services Market Overview
Figure 4. Verification Segment held the Largest Share of South America Employment Screening Services Market
Figure 5. Brazil to Show Great Traction During Forecast Period
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. South America Employment Screening Services Market, Impact Analysis of Drivers and Restraints
Figure 9. South America Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. South America Employment Screening Services Market Revenue Share, By Services (2022 and 2028)
Figure 11. Background Screening: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Credit Check: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Criminal Record Check: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Verification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Qualification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Employment History Verification: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Reference: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Others: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Medical and Drug Testing: South America Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 20. South America Employment Screening Services Market Revenue Share, By End User Industry (2022 and 2028)
Figure 21. IT and Telecom: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. BFSI: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Government Agencies: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Travel and Hospitality: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Manufacturing: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. Healthcare: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. South America Employment Screening Services Market Breakdown, by Organization Size, 2020 & 2028 (%)
Figure 30. Small and Medium Sized Enterprises: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 31. Large Enterprises: South America Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 32. South America Employment Screening Services Market, by Key Country- Revenue (2022) (US$ Million)
Figure 33. South America Employment Screening Services Market Breakdown, by Country, 2022 & 2028 (%)
Figure 34. Brazil: South America Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Argentina: South America Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of South America: South America Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • First Advantage Corp
  • HireRight holdings Corp
  • Pinkerton Consulting & Investigations Inc
  • Sterling Check Corp

Table Information