Credentials Verification Organization (CVO) Services Market Report 2026

The credentials verification organization (cvo) services market size has grown rapidly in recent years. It will grow from $14.68 billion in 2025 to $16.67 billion in 2026 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to increasing regulatory compliance requirements, rising workforce mobility across industries, growing incidents of credential fraud, expansion of healthcare credentialing needs, increasing outsourcing of verification processes.

The credentials verification organization (cvo) services market size is expected to see rapid growth in the next few years. It will grow to $27.49 billion in 2030 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to growing adoption of ai-driven verification tools, rising demand for digital identity solutions, expansion of cross-border workforce verification, increasing focus on data security and privacy, growing integration of verification platforms with hr systems. Major trends in the forecast period include increasing adoption of automated credential verification platforms, rising use of blockchain-based credential authentication, growing demand for real-time verification services, expansion of cloud-based credentialing solutions, enhanced focus on fraud prevention and compliance.

The rise in employment fraud is expected to propel the growth of the credentials verification organization (CVO) services market going forward. Employment fraud involves deceptive schemes in which individuals or organizations create fake job opportunities or falsify credentials to exploit employers or job seekers. The increase in employment fraud is driven by the rapid expansion of online job platforms, remote hiring practices, and the growing sophistication of fraudsters targeting digital recruitment processes. Credentials verification organization (CVO) services play a critical role in mitigating employment fraud by validating candidate qualifications, employment history, licenses, and identity details, ensuring that organizations hire legitimate and compliant professionals. For instance, in April 2025, according to the Credit Industry Fraud Avoidance System (CIFAS), a UK-based non-profit organization, nearly 250,000 identity fraud cases were reported in 2024, representing a 5% increase from 2023 and accounting for 59% of all cases recorded in the National Fraud Database (NFD). Therefore, the rise in employment fraud is driving the growth of the credentials verification organization (CVO) services market.

Companies operating in the CVO services market are increasingly focusing on developing innovative technologies, such as tech-enabled CVO services, to automate and streamline the credentialing process. A tech-enabled CVO service is a digital solution that automates the process of verifying healthcare provider credentials, ensuring compliance, accuracy, and efficient data management for healthcare organizations and health plans. For instance, in September 2024, HealthStream, Inc., a US-based technology company, partnered with Verisys Corporation, a US-based credentials verification firm, to launch OneClick Verisys, a tech-enabled credential verification service. This solution allows health plans to outsource credentialing processes either fully or partially with a single click. It combines the benefits of outsourced services with the efficiency of digital practitioner record management, simplifying tasks such as payer credentialing, regulatory compliance, and provider directory updates, ultimately helping healthcare organizations improve operations, maintain compliance, and ensure data accuracy.

In February 2024, Fluent BioSciences, a US-based biotechnology company, acquired Delegated DDS for an undisclosed sum. This acquisition is aimed at expanding Fluent's service offerings by integrating credentialing solutions for dental service organizations and insurance carriers, helping streamline administrative processes within the dental industry. Delegated DDS is a US-based company that specializes in credentialing services for dental services.

Major companies operating in the credentials verification organization (cvo) services market report are PCVS Professional Credential Verification Service Inc, symplr CVO, HealthStream CVO, Verisys, CredentialMed, Credential America Inc, Cypress Healthcare Consultants, ACREVS Inc, TruMerit, VerifyCert, VerityStream, Medversant, Atlas Systems PRIME, Medallion, Andros, Practolytics, Credex Healthcare, Capline Healthcare Management, MedVerify, VeriCheck.

North America was the largest region in the credentials verification organization (CVO) services market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the credentials verification organization (cvo) services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the credentials verification organization (cvo) services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The credentials verification organization (CVO) services market includes revenues earned by entities by providing services such as educational credential verification, employment history verification, and professional license verification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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