Education Verification Service 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 14.4%. The growth in the historic period can be attributed to growing demand for compliant recruitment practices, increasing globalization of the workforce, rising adoption of digital verification technologies, growing emphasis on risk mitigation in talent acquisition, and 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 $2.09 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to rising global student mobility, growing partnerships between institutions and verification providers, increasing automation in HR processes, growing adoption of digital verification technologies, and increasing remote and cross-border hiring. Major trends in the forecast period include innovation in digital credentialing platforms, advanced analytics for fraud detection, integration with global academic databases, advancement in real-time data access, and integration of blockchain for secure credentials.

The forecast of 13.9% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The imposition of tariffs could impact U.S. background screening providers by raising expenses for international credential evaluation systems and blockchain verification tools sourced from Estonia and Israel, leading to slower verification processes and higher service fees. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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.

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).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are taking a toll on the professional services sector, especially within legal, consulting, architectural, and engineering fields. Increased duties on imported technology, software, office hardware, and digital infrastructure have pushed up operational costs for firms that rely on global systems and resources. Cross-border consulting engagements are experiencing delays and higher expenses due to elevated travel costs and limited access to international data and tools. Moreover, industries heavily impacted by tariffs such as manufacturing, construction, and logistics are reducing their reliance on outsourced services, dampening demand for professional support. In response, service providers are reassessing pricing models, strengthening ties with domestic vendors, and accelerating the adoption of AI and automation to maintain profitability and client satisfaction in an increasingly volatile environment.

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 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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