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Asia Pacific Employment Screening Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Services (Educational Qualification Verification, Employee History Verification, Credit Check, Criminal Record, Medical & Drug Testing, Reference Check, Driving History, and Identity Verification), Enterprise Size (SMEs and Large Enterprises), and End-Use Industry (IT & Telecom, BFSI, Government Agencies, Travel & Hospitality, Manufacturing, Retail, Healthcare, and Others)
Market Report I 2023-06-13 I 157 Pages I The Insight Partners
The Asia Pacific employment screening services market is expected to grow from US$ 1.1 billion in 2022 to US$ 2.2 billion by 2028; it is estimated to register a CAGR of 12.4% from 2023 to 2028.
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 contributing to the employment screening services market growth.
Additionally, big data offers merged information that lowers the possibility of bias in employment judgments and helps employers make better decisions in recruitment, appraisal, and performance evaluations. When paired with state-of-the-art techniques, big data can improve the selection of a suitable candidate, intensify the ability to recognize talent from across borders, help overcome implicit and explicit bias in the work area, and nurture equality in access to jobs. Big data, bringing in considerable opportunities in recruitment and employee screening processes, can be a powerful tool for employers to make decisions.
The Asia Pacific employment screening services market size is segmented based on services, enterprise size, end-use industry, and countries. Based on services, the Asia Pacific employment screening services market is classified into educational qualification verification, employee history verification, credit check, criminal record, medical & drug testing, reference check, driving history, identity verification. Based on enterprise size, the Asia Pacific employment screening services market is bifurcated into SMEs and large enterprises. Based on end-use industry, the Asia Pacific employment screening services market is segmented into IT & telecom, BFSI, government agencies, travel & hospitality, manufacturing, retail, healthcare, and others. By country, the Asia Pacific employment screening services market is segmented into Thailand, Vietnam, India, Singapore, Indonesia, Malaysia, and the Rest of Asia Pacific. A few of the major players operating in the Asia Pacific employment screening services market are CapitaPlc, Pinkerton Consulting and Investigations Inc, Sterling Check Corp, HireRight holdings Corp, and First Advantage.
The Asia Pacific employment screening services market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific employment screening services market. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the Asia Pacific employment screening services market. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the Asia Pacific employment screening services market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Employment Screening Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Employment Screening Services Market - Key Market Dynamics
5.1 Key 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 Key Market Restraints
5.2.1 Concerns Related to Confidentiality of Candidate Data
5.3 Key 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
5.5 Impact Analysis of Drivers and Restraints
6. Employment Screening Services Market - APAC Analysis
6.1 APAC Employment Screening Services Market Overview
6.2 APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. APAC Employment Screening Services Market Analysis - By Services
7.1 Overview
7.2 APAC Employment Screening Services Market Breakdown, By Services (2022 and 2028)
7.3 Educational Qualification Verification
7.3.1 Overview
7.3.2 Educational Qualification Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.4 Employee History Verification
7.4.1 Overview
7.4.2 Employee History Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.5 Credit Check
7.5.1 Overview
7.5.2 Credit Check: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.6 Criminal Record
7.6.1 Overview
7.6.2 Criminal Record: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.7 Medical & Drug Testing
7.7.1 Overview
7.7.2 Medical & Drug Testing: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.8 Reference Check
7.8.1 Overview
7.8.2 Reference Check: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.9 Driving History
7.9.1 Overview
7.9.2 Driving History: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
7.10 Identity Verification
7.10.1 Overview
7.10.2 Identity Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Employment Screening Services Market Analysis - By Enterprise Size
8.1 Overview
8.2 APAC Employment Screening Services Market Breakdown, By Enterprise Size (2022 and 2028)
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9. Employment Screening Services Market Analysis - By End-Use Industry
9.1 Overview
9.2 Employment Screening Services Market Breakdown, By End-Use Industry (2022 and 2028)
9.3 IT & Telecom
9.3.1 Overview
9.3.2 IT & Telecom: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.4 BFSI
9.4.1 Overview
9.4.2 BFSI Sector: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.5 Government Agencies
9.5.1 Overview
9.5.2 Government Agencies: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.6 Travel & Hospitality
9.6.1 Overview
9.6.2 Travel & Hospitality: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.7 Manufacturing
9.7.1 Overview
9.7.2 Manufacturing: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.8 Retail
9.8.1 Overview
9.8.2 Retail: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.9 Healthcare
9.9.1 Overview
9.9.2 Healthcare: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Employment Screening Services Market - Country Analysis
10.1 Thailand: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1 Thailand: Employment Screening Services Market, by Services
10.1.2 Thailand: Employment Screening Services Market, by Enterprise Size
10.1.3 Thailand: Employment Screening Services Market, by End-Use Industry
10.2 Vietnam: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.2.1 Vietnam: Employment Screening Services Market, by Services
10.2.2 Vietnam: Employment Screening Services Market, by Enterprise Size
10.2.3 Vietnam: Employment Screening Services Market, by End-Use Industry
10.3 India: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.3.1 India: Employment Screening Services Market, by Services
10.3.2 India: Employment Screening Services Market, by Enterprise Size
10.3.3 India: Employment Screening Services Market, by End-Use Industry
10.4 Singapore: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.4.1 Singapore: Employment Screening Services Market, by Services
10.4.2 Singapore: Employment Screening Services Market, by Enterprise Size
10.4.3 Singapore: Employment Screening Services Market, by End-Use Industry
10.5 Indonesia: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.5.1 Indonesia: Employment Screening Services Market, by Services
10.5.2 Indonesia: Employment Screening Services Market, by Enterprise Size
10.5.3 Indonesia: Employment Screening Services Market, by End-Use Industry
10.6 Malaysia: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.6.1 Malaysia: Employment Screening Services Market, by Services
10.6.2 Malaysia: Employment Screening Services Market, by Enterprise Size
10.6.3 Malaysia: Employment Screening Services Market, by End-Use Industry
10.7 Rest of APAC: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
10.7.1 Rest of APAC: Employment Screening Services Market, by Services
10.7.2 Rest of APAC: Employment Screening Services Market, by Enterprise Size
10.7.3 Rest of APAC: Employment Screening Services Market, by End-Use Industry
11. Employment Screening Services Market- COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Product Development
13. Company Profiles
13.1 AuthBridge Research Services Pvt Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DataFlow LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 HireRight holdings Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sterling Check Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Pinkerton Consulting & Investigations Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Verity Intelligence Sdn Bhd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 eeCheck Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Carco Group Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Corra Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Neeyamo Enterprise Solution Pvt Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Thailand: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 3. Thailand: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 4. Thailand: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 5. Vietnam: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 6. Vietnam: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 7. Vietnam: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 11. Singapore: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 12. Singapore: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 13. Singapore: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 14. Indonesia: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 15. Indonesia: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 16. Indonesia: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 17. Malaysia: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 18. Malaysia: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 19. Malaysia: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Employment Screening Services Market, by Services - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of APAC: Employment Screening Services Market, by Enterprise Size - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of APAC: Employment Screening Services Market, by End-Use Industry - Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Employment Screening Services Market Segmentation
Figure 2. APAC Employment Screening Services Market Segmentation - By Country
Figure 3. APAC Employment Screening Services Market Overview
Figure 4. APAC Employment Screening Services Market, by Services
Figure 5. APAC Employment Screening Services Market, by Enterprise Size in 2022
Figure 6. APAC Employment Screening Services Market, by End-Use Industry
Figure 7. India to Show Great Traction During Forecast Period
Figure 8. APAC: PEST Analysis
Figure 9. Employment screening services Market, Ecosystem
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. Employment Screening Services Market - APAC
Figure 12. APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Employment Screening Services Market Breakdown, By Services (2022 and 2028)
Figure 14. Educational Qualification Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Employee History Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Credit Check: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Criminal Record: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Medical & Drug Testing: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Reference Check: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Driving History: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Identity Verification: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Employment Screening Services Market Breakdown, By Enterprise Size (2022 and 2028)
Figure 23. SMEs: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Large Enterprises: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Employment Screening Services Market Breakdown, By End-Use Industry (2022 and 2028)
Figure 26. IT & Telecom: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. BFSI Sector: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Government Agencies: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Travel & Hospitality: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Manufacturing: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Retail: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Healthcare: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: APAC Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Thailand: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Vietnam: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. India: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Singapore: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Indonesia: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. Malaysia: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of APAC: Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic in APAC Country Markets
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