Education Verification Service Global Market Report 2025

The education verification service market size has grown rapidly in recent years. It will grow from $1.08 billion in 2024 to $1.24 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth during the historic period can be attributed to the growing demand for compliant recruitment practices, the increasing globalization of the workforce, the rising adoption of digital verification technologies, a greater emphasis on risk mitigation in talent acquisition, and the increasing regulatory requirements for education verification.

The education verification service market size is expected to see rapid growth in the next few years. It will grow to $2.08 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The projected growth in the forecast period can be attributed to rising global student mobility, growing partnerships between institutions and verification providers, increased automation in HR processes, the growing adoption of digital verification technologies, and the rise of remote and cross-border hiring. Key trends expected during this period include innovations in digital credentialing platforms, the use of advanced analytics for fraud detection, integration with global academic databases, advancements in real-time data access, and the integration of blockchain technology for secure credential verification.

The rising demand for remote work and online learning is expected to drive the growth of the education verification service market. Remote work refers to a flexible working arrangement where employees perform their tasks from locations outside of a traditional office, while online learning involves educational programs delivered over the internet, allowing students to study from any location. Technological advancements facilitating seamless communication and resource access have made remote work and online learning increasingly popular, providing greater flexibility to balance professional or academic responsibilities with personal life. These growing trends have significantly increased the need for secure education verification services to validate academic credentials, ensuring the authenticity of qualifications in virtual settings. For example, a February 2023 report by the Office for National Statistics (UK) showed that between September 2022 and January 2023, 16% of working adults were exclusively working from home, and 28% were working both from home and commuting. Additionally, a January 2024 report from Eurostat indicated that 30% of European Union internet users aged 16 to 74 participated in online courses or accessed online learning resources, marking a two-percentage-point increase from 28% in 2022. Thus, the growing demand for remote work and online learning is fueling the expansion of the education verification service market.

Major companies in the education verification service market are increasingly focusing on the development of advanced solutions, such as blockchain-based platforms for academic credential verification, to enhance the security, transparency, and efficiency of the verification process. A blockchain-based academic credential verification system is a secure, decentralized platform that uses blockchain technology to issue and verify tamper-proof digital credentials, enabling instant authentication by employers or other entities without the need for intermediaries. For instance, in September 2024, Data Vault Holdings Inc., a US-based technology firm, launched VerifyU, a real-time academic credential verification platform. This platform uses blockchain to overcome the inefficiencies and fraud risks of traditional verification methods, ensuring data integrity, reducing verification time, and cutting costs for students, educational institutions, and employers.

In March 2023, Accurate Background LLC, a US-based background screening company, acquired VerifyNow Pty Ltd for an undisclosed amount. With this acquisition, Accurate Background aims to strengthen its global presence, expand its employment screening solutions, and improve service offerings in Australia and New Zealand. The move enables Accurate Background to better serve multinational clients and enhance both the candidate and client experience through advanced screening technologies. VerifyNow Pty Ltd is an Australian provider of education verification services.

Major players in the education verification service market are Equifax Inc., First Advantage Corporation, HireRight LLC, Checkr Inc., Accurate Background LLC, Cisive Inc., National Student Clearinghouse Inc., Avvanz, ScoutLogic Inc., Justifacts Credential Verification Inc., JDP LLC, Verify360 LLC, Mintz Global Screening Inc., GoodHire Inc., InCheck Inc., CredentialCheck Inc., iCredify Inc., Clarifacts Inc., Global Verification Network LLC, AuraData Inc., Barada Associates LLC, SpringVerify Inc., AccuSourceHR Inc., Corra Group.

North America was the leading region in the education verification service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in education verification service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the education verification service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Education verification services are processes used to authenticate an individual's academic credentials, playing a crucial role in confirming the legitimacy of job qualifications, admissions, or background checks. Their primary purpose is to ensure accuracy, helping organizations prevent fraud, maintain trust, and make informed, reliable decisions.

The main types of education verification services include degree verification, certificate verification, transcript verification, and others. Degree verification involves confirming the authenticity of academic degrees with the issuing institutions to ensure that candidates' credentials are legitimate and to prevent hiring fraud. Various verification methods are employed, such as direct verification, third-party verification, document verification, database verification, and self-verification. These services are used in several applications, including employment screening, academic admissions, and professional licensing, and are utilized by various end-users such as employers, educational institutions, government agencies, and others.

The education verification service market research report is one of a series of new reports that provides education verification service market statistics, including the education verification service industry global market size, regional shares, competitors with the education verification service market share, detailed education verification service market segments, market trends, and opportunities, and any further data you may need to thrive in the education verification service industry. This education verification service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The education verification service market includes revenues earned by entities through enrolment verification, accreditation checks, attendance verification, and course completion 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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