Background Check Services in the US - Industry Market Research Report
Description
Background Check Services in the US - Industry Market Research Report
Background Check Services
Over the five years to 2019, the Background Check Services industry has performed well. 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. The growth of online services has enabled start-ups to more easily enter this industry; however, a higher number of traditional operators have been forced out of the industry as they have been slow to respond to the changing environment. Over the five years to 2024, 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. However, strong growth may be mitigated by an anticipated 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.
Background Check Services
Over the five years to 2019, the Background Check Services industry has performed well. 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. The growth of online services has enabled start-ups to more easily enter this industry; however, a higher number of traditional operators have been forced out of the industry as they have been slow to respond to the changing environment. Over the five years to 2024, 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. However, strong growth may be mitigated by an anticipated 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.
MAJOR COMPANIES
HireRight LLC
Sterling Infosystems, Inc.
First Advantage Corporation
HireRight LLC
Sterling Infosystems, Inc.
First Advantage Corporation
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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