The Background Check Services industry experienced encouraging growth over the past five years, growing every year except in 2014, when the industry contracted slightly. Over the past five years, growth of online services has enabled startups to more easily enter this industry. Furthermore, improvements in the labor market and a decline in rental vacancy rates over the past five years have boosted demand for background check services, as more people were offered jobs and the rental market became more competitive. Over the next five years, industry operators are expected to benefit from continued success in the labor market, as well as a low unemployment rate which will propel revenue as increased hiring prompts businesses to use industry services.
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.