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Asia Pacific Employment Screening Services Market Forecast to 2028 -Regional Analysis - by Services (Background Check, Verification, and Medical & Drug Testing), End-User Industry (IT & Telecom, BFSI, Government Agencies, Travel & Hospitality, Manufacturing, Retail, Healthcare, and Others), and Organization Size (SMEs and Large Enterprise)
Market Report I 2023-06-06 I 146 Pages I The Insight Partners
The Asia Pacific employment screening services market is expected to grow from US$ 1,230.02 million in 2023 to US$ 2,204.24 million by 2028. It is estimated to grow at a CAGR of 12.4% from 2023 to 2028.
Need to Mitigate Risks Associated with Fraudulent Activities of Applicants Fuels Asia Pacific Employment Screening Services Market
The cost of hiring an employee is determined by their salaries, recruiting expenses, incentives, administrative expenses, etc., which, in combination, indicate a true value of an employee that has been recruited. Fraudulent declarations in job applications put employers at risk if they select such applicants. For example, an employee with a criminal background can be a threat to their colleagues and may jeopardize the company's security. If they harm their coworkers, the victim can claim that the employee in question had the propensity to cause this type of harm, which the employer should have discovered before hiring. The claim, if proven in the victim's favor, the employer becomes liable for negligent hiring damages, which can result in steep costs to the company. According to data from the SHRM, the average settlement cost of negligent hiring is ~US$ 1 million for organizations worldwide. Moreover, workplace insecurity is cited as one of the primary reasons for high job turnover in organizations, which may lead to a further cost of recruitment for the employer.
Further, false claims in job applications regarding historical job performance or educational qualification expose an organization to potential monetary loss and reputation damage. A bad hire may result in losses incurred by restarting the process of a candidate search. As a result, organizations look for solutions to mitigate the risks associated with fraudulent job applications, which helps them stay compliant with regulatory measures. Background checks before hiring enable organizations to uncover false information on resumes.
Asia Pacific Employment Screening Services Market Overview
The Asia Pacific employment screening services market is segmented into Australia, China, India, Japan, and the Rest of Asia Pacific. Several developing economies such as China and India in the region are witnessing the need for employment screening services to achieve a notable progression in all sectors. Employment screening has become routine analysis in Asian countries owing to the extension of internal policies in multinational organizations and implementation of best practice processes in local operations. The region has been attracting a large count of businesses for the expansion of their existing operations. The rapidly increasing population of young and highly skilled professionals is anticipated to generate significant demand for regional screening services. However, various challenges and opportunities for the employment screening services market exist specific to this region, due to numerous legislations that create compliance hindrances.
Asia Pacific Employment Screening Services Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Employment Screening Services Market Segmentation
The Asia Pacific employment screening services market is segmented into services, end-user industry, organization size, and country.
Based on services, the Asia Pacific employment screening services market is segmented into background check, verification, and medical & drug testing. The verification segment held the largest share of the Asia Pacific employment screening services market in 2023.
Based on end-user industry, the Asia Pacific 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 Asia Pacific employment screening services market in 2023.
Based on organization size, the Asia Pacific employment screening services market is segmented into SMEs and large enterprise. The large enterprise segment held a larger share of the Asia Pacific employment screening services market in 2023.
Based on country, the Asia Pacific employment screening services market is segmented into China, India, Australia, Japan, and the Rest of Asia Pacific. The China dominated the share of the Asia Pacific employment screening services market in 2023.
AuthBridge Research Services Pvt Ltd; Capita Plc; DataFlow LLC; First Advantage Corp; HireRight holdings Corp; Pinkerton Consulting & Investigations Inc; and Sterling Check Corp are the leading companies operating 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
1.3.1 Asia Pacific Employment Screening Services Market - By Services
1.3.2 Asia Pacific Employment Screening Services Market - By Application
1.3.3 Asia Pacific Employment Screening Services Market - By Organization Size
1.3.4 Asia Pacific Employment Screening Services Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Employment Screening Services Market Landscape
4.1 Market Overview
4.2 AAPC: PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific 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 - Asia Pacific Analysis
6.1 Asia Pacific Employment Screening Services Market Overview
6.2 Asia Pacific Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Employment Screening Services Market Analysis - By Services
7.1 Overview
7.2 Asia Pacific Employment Screening Services Market, By Services (2022 and 2028)
7.3 Background Screening
7.3.1 Overview
7.3.2 Background Screening: Asia Pacific 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: Asia Pacific 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: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Verification
7.4.1 Overview
7.4.2 Verification: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
8. Asia Pacific Employment Screening Services Market Analysis - By End User Industry
8.1 Overview
8.2 Asia Pacific 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: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.4 BFSI
8.4.1 Overview
8.4.2 BFSI: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Government Agencies
8.5.1 Overview
8.5.2 Government Agencies: Asia Pacific 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: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.7 Manufacturing
8.7.1 Overview
8.7.2 Manufacturing: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.8 Retail
8.8.1 Overview
8.8.2 Retail: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.9 Healthcare
8.9.1 Overview
8.9.2 Healthcare: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Employment Screening Services Market - By Organization Size
9.1 Overview
9.2 Asia Pacific 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: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Employment Screening Services Market - Country Analysis
10.1 Overview
10.1.1 Asia Pacific Employment Screening Services Market, by Key Country - Revenue (2022) (US$ Million)
10.1.2 Asia Pacific Employment Screening Services Market Breakdown, by Country
10.1.2.1 China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028
10.1.2.1.1 China: Asia Pacific Employment Screening Services Market Breakdown, By Services
10.1.2.1.2 China: Asia Pacific Employment Screening Services Market Breakdown, By Background Screening
10.1.2.1.3 China: Asia Pacific Employment Screening Services Market Breakdown, By Verification
10.1.2.1.4 China: Asia Pacific Employment Screening Services Market Breakdown, By End User Industry
10.1.2.1.5 China: Asia Pacific Employment Screening Services Market Breakdown, By Organization Size
10.1.2.2 India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028
10.1.2.2.1 India: Asia Pacific Employment Screening Services Market Breakdown, By Services
10.1.2.2.2 India: Asia Pacific Employment Screening Services Market Breakdown, By Background Screening
10.1.2.2.3 India: Asia Pacific Employment Screening Services Market Breakdown, By Verification
10.1.2.2.4 India: Asia Pacific Employment Screening Services Market Breakdown, By End User Industry
10.1.2.2.5 India: Asia Pacific Employment Screening Services Market Breakdown, By Organization Size
10.1.2.3 Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028
10.1.2.3.1 Australia: Asia Pacific Employment Screening Services Market Breakdown, By Services
10.1.2.3.2 Australia: Asia Pacific Employment Screening Services Market Breakdown, By Background Screening
10.1.2.3.3 Australia: Asia Pacific Employment Screening Services Market Breakdown, By Verification
10.1.2.3.4 Australia: Asia Pacific Employment Screening Services Market Breakdown, By End User Industry
10.1.2.3.5 Australia: Asia Pacific Employment Screening Services Market Breakdown, By Organization Size
10.1.2.4 Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028
10.1.2.4.1 Japan: Asia Pacific Employment Screening Services Market Breakdown, By Services
10.1.2.4.2 Japan: Asia Pacific Employment Screening Services Market Breakdown, By Background Screening
10.1.2.4.3 Japan: Asia Pacific Employment Screening Services Market Breakdown, By Verification
10.1.2.4.4 Japan: Asia Pacific Employment Screening Services Market Breakdown, By End User Industry
10.1.2.4.5 Japan: Asia Pacific Employment Screening Services Market Breakdown, By Organization Size
10.1.2.5 Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028
10.1.2.5.1 Rest of Asia Pacific: Asia Pacific Employment Screening Services Market Breakdown, By Services
10.1.2.5.2 Rest of Asia Pacific: Asia Pacific Employment Screening Services Market Breakdown, By Background Screening
10.1.2.5.3 Rest of Asia Pacific: Asia Pacific Employment Screening Services Market Breakdown, By Verification
10.1.2.5.4 Rest of Asia Pacific: Asia Pacific Employment Screening Services Market Breakdown, By End User Industry
10.1.2.5.5 Rest of Asia Pacific: Asia Pacific 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 AuthBridge Research Services Pvt Ltd
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 Capita Plc
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 DataFlow LLC
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 First Advantage Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 HireRight holdings Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sterling Check Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Pinkerton Consulting & Investigations Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Employment Screening Services Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 4. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 5. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 6. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 7. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 8. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 9. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 10. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 11. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 12. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 13. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 14. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 15. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 16. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 17. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 18. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 19. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 20. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 21. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 22. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 23. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Services (US$ Million)
Table 24. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Background Screening (US$ Million)
Table 25. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Verification (US$ Million)
Table 26. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By End User Industry (US$ Million)
Table 27. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 - By Organization Size (US$ Million)
Table 28. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Employment Screening Services Market Segmentation
Figure 2. Asia Pacific Employment Screening Services Market Segmentation - By Country
Figure 3. Asia Pacific Employment Screening Services Market Overview
Figure 4. Verification Segment held the Largest Share of Asia Pacific Employment Screening Services Market
Figure 5. India to Show Great Traction During Forecast Period
Figure 6. APAC: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Employment Screening Services Market, Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Employment Screening Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific Employment Screening Services Market Breakdown, By Services, 2022 & 2028 (%)
Figure 11. Background Screening: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Credit Check: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Criminal Record Check: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Verification: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Qualification: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Employment History Verification: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Reference: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Others: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Medical and Drug Testing: Asia Pacific Employment Screening Services Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Employment Screening Services Market Revenue Share, By End User Industry (2022 and 2028)
Figure 21. IT and Telecom: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. BFSI: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Government Agencies: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Travel and Hospitality: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Manufacturing: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. Healthcare: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. Asia Pacific Employment Screening Services Market Breakdown, by Organization Size, 2020 & 2028 (%)
Figure 30. Small and Medium Sized Enterprises: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 31. Large Enterprises: Asia Pacific Employment Screening Services Market- Revenue and Forecast to 2028 (US$ Million)
Figure 32. Asia Pacific Employment Screening Services Market Breakdown, by Country, 2022 & 2028 (%)
Figure 33. China: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Australia: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Japan: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Asia Pacific: Asia Pacific Employment Screening Services Market, Revenue and Forecast to 2028 (US$ Million)
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