The Background Check Services industry enjoyed encouraging growth over the past five years; however it was a period marked by mixed fortunes. fortunes. The industry performed poorly in the wake of the economic downturn, with revenue falling between 2010 and 2012. Rising unemployment reduced the need for businesses to screen for job candidates, while an increase in rental vacancy rates diminished demand from apartment leasing companies. In the coming years, industry operators will benefit from a slow improvement in the labor market. However, strong growth will be mitigated by an increase in vacancy rates, which will diminish demand from apartment leasing companies.
Operators in this industry offer tenant and employment background screening to consumers, landlords, corporations and other organizations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.