South & Central America Employment Screening Services Market Forecast to 2030

At 7.8% CAGR, South & Central America Employment Screening Services Market is Speculated to be Worth US$ 239.30 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America employment screening services market was valued at US$ 131.35 million in 2022 and is expected to reach US$ 239.30 million by 2030, registering a CAGR of 7.8% from 2022 to 2030. Adoption of blockchain and other advanced technologies in employee screening and increase in job immigrants amid globalization are among the critical factors attributed to the South & Central America employment screening services market expansion.

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 reduce the probability of certificates and accolades being faked or altered. Blockchain can be viewed as an unhackable ledger system capable of storing data on employees and assisting in creating comprehensive employee profiles. It can check performance, job history, and a variety of other information that will aid in assessing whether or not a candidate is a good fit for the organization. This technology will be able to improve the overall operating system and applications used by background screening companies. It will not only improve performance but also offer better, faster, and more accurate outcomes if the infrastructure is properly supported and exploited. 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 an emerging trend in the employment screening services market.

On the contrary, concerns related to confidentiality of candidate data and lack of uniformity hampers the growth of South & Central America employment screening services market.

Based on services, the South & Central America employment screening services market is categorized into background check, verification, and medical & drug testing. The verification segment held 55.4% market share in 2022, amassing US$ 72.71 million. It is projected to garner US$ 135.40 million by 2030 to register 8.1% CAGR during 2022–2030.

In terms of application, the South & Central America employment screening services market is segmented into IT and Telecom, BFSI, government agencies, travel and hospitality, manufacturing, retail, healthcare, and others. The IT and Telecom segment held 27.7% share of South & Central America employment screening services market in 2022, amassing US$ 36.44 million. It is projected to garner US$ 92.23 million by 2030 to expand at 12.3% CAGR from 2022 to 2030.

Based on organization size, the South & Central America employment screening services market is bifurcated into SMEs and large enterprises. The large enterprises segment held 71.5% market share in 2022, amassing US$ 93.89 million. It is projected to garner US$ 180.75 million by 2030 to register 8.5% CAGR between 2022 and 2030.

Based on country, the South & Central America employment screening services market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 57.8% share of South & Central America employment screening services market in 2022. It was assessed at US$ 75.89 million in 2022 and is likely to hit US$ 147.64 million by 2030, exhibiting a CAGR of 8.7% during 2022–2030.

Key players operating in the South & Central America employment screening services market are First Advantage Corp, HireRight LLC, Sterling Check Corp, Pinkerton Consulting & Investigations Inc, and Triton Inc, among others.

In January 2023, Sterling Check Corp acquired Socrates Ltd, which has expanded the company’s global presence in Latin America to serve the rapidly growing regional hiring needs of both multinational and local clients.
In July 2021, HireRight and SmartRecruiters worked together to develop a new Background Screening Integration service. The company offers a streamlined ordering interface from within SmartRecruit to help simplify hiring workflows, boosting organizational efficiency and improving the candidate experience.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America employment screening services market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America employment screening services market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America employment screening services market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Employment Screening Services Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. South & Central America Employment Screening Services Market – Key Market Dynamics
5.1 Employment Screening Services Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Demand for Time-Efficient Selection Systems Owing to Rising Number of Job Applicants
5.2.2 Need to Mitigate Risks Associated with Fraudulent Activities of Applicants
5.3 Market Restraints
5.3.1 Concerns Related to Confidentiality of Candidate Data and Lack of Uniformity
5.4 Market Opportunities
5.4.1 Introduction of Big Data
5.5 Future Trends
5.5.1 Demand for Enterprise-Level Software and Database
5.5.2 Adoption of Blockchain and Other Advanced Technologies in Employee Screening
5.6 Impact of Drivers and Restraints:
6. Employment Screening Services Market – South & Central America Market Analysis
6.1 Overview
6.2 Employment Screening Services Market Revenue (US$ Million), 2020–2030
6.3 Employment Screening Services Market Forecast Analysis
7. South & Central America Employment Screening Services Market Analysis – by Services
7.1 Background Check
7.1.1 Overview
7.1.2 Background Check: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.1.3 Credit Check
7.1.3.1 Overview
7.1.3.2 Credit Check: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.1.4 Criminal Record
7.1.4.1 Overview
7.1.4.2 Criminal Record: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Verification
7.2.1 Overview
7.2.2 Verification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.1 Qualification
7.2.2.1.1 Overview
7.2.2.1.2 Qualification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.2 Employment History Verification
7.2.2.2.1 Overview
7.2.2.2.2 Employment History Verification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.3 Reference
7.2.2.3.1 Overview
7.2.2.3.2 Reference: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.4 Others
7.2.2.4.1 Overview
7.2.2.4.2 Others: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Medical and Drug Testing
7.3.1 Overview
7.3.2 Medical and Drug Testing: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Employment Screening Services Market Analysis – by Application
8.1 IT and Telecom
8.1.1 Overview
8.1.2 IT and Telecom: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.2 BFSI
8.2.1 Overview
8.2.2 BFSI: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Government Agencies
8.3.1 Overview
8.3.2 Government Agencies: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Travel and Hospitality
8.4.1 Overview
8.4.2 Travel and Hospitality: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Manufacturing
8.5.1 Overview
8.5.2 Manufacturing: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Retail
8.6.1 Overview
8.6.2 Retail: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Healthcare
8.7.1 Overview
8.7.2 Healthcare: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Employment Screening Services Market Analysis – by Organization Size
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Employment Screening Services Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Employment Screening Services Market Overview
10.1.2 South & Central America: Employment Screening Services Market – Revenue and Forecast Analysis – by Country
10.1.2.1 South & Central America: Employment Screening Services Market – Revenue and Forecast Analysis – by Country
10.1.2.2 Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 Brazil: Employment Screening Services Market Breakdown, by Services
10.1.2.2.1.1 Brazil: Employment Screening Services Market Breakdown, by Background Check
10.1.2.2.1.2 Brazil: Employment Screening Services Market Breakdown, by Verification
10.1.2.2.2 Brazil: Employment Screening Services Market Breakdown, by Application
10.1.2.2.3 Brazil: Employment Screening Services Market Breakdown, by Organization Size
10.1.2.3 Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 Argentina: Employment Screening Services Market Breakdown, by Services
10.1.2.3.1.1 Argentina: Employment Screening Services Market Breakdown, by Background Check
10.1.2.3.1.2 Argentina: Employment Screening Services Market Breakdown, by Verification
10.1.2.3.2 Argentina: Employment Screening Services Market Breakdown, by Application
10.1.2.3.3 Argentina: Employment Screening Services Market Breakdown, by Organization Size
10.1.2.4 Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 Rest of South & Central America: Employment Screening Services Market Breakdown, by Services
10.1.2.4.1.1 Rest of South & Central America: Employment Screening Services Market Breakdown, by Background Check
10.1.2.4.1.2 Rest of South & Central America: Employment Screening Services Market Breakdown, by Verification
10.1.2.4.2 Rest of South & Central America: Employment Screening Services Market Breakdown, by Application
10.1.2.4.3 Rest of South & Central America: Employment Screening Services Market Breakdown, by Organization Size
11. Competitive Landscape
11.1 Company Positioning & Concentration
11.2 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.2 New Product Development
12.3 Merger and Acquisition
13. Company Profiles
13.1 First Advantage Corp
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 HireRight Holdings Corp
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 Sterling Check 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 Pinkerton Consulting & Investigations, Inc
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 Triton 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
14. Appendix
14.1 Word Index
14.2 About The the Reporting Teams

LIST OF TABLES

Table 1. Employment Screening Services Market Segmentation
Table 2. Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 4. Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Organization Size
Table 6. South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 7. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 8. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Background Check
Table 9. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Verification
Table 10. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Organization Size
Table 12. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 13. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Background Check
Table 14. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Verification
Table 15. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Organization Size
Table 17. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 18. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Background Check
Table 19. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Verification
Table 20. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 21. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million) – by Organization Size
Table 22. Heat Map Analysis by Key Players
Table 23. List of Abbreviation

LIST OF FIGURES

Figure 1. Employment Screening Services Market Segmentation, by Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. Employment Screening Services Market Revenue (US$ Million), 2020–2030
Figure 4. Employment Screening Services Market Share (%) – by Services (2022 and 2030)
Figure 5. Background Check: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 6. Credit Check: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Criminal Record: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Verification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Qualification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Employment History Verification: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Reference: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Medical and Drug Testing: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Employment Screening Services Market Share (%) – by Application (2022 and 2030)
Figure 15. IT and Telecom: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. BFSI: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Government Agencies: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Travel and Hospitality: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Manufacturing: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Retail: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Healthcare: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Employment Screening Services Market Share (%) – by Organization Size (2022 and 2030)
Figure 24. SMEs: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Large Enterprises: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. South & Central America: Employment Screening Services Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 27. South & Central America: Employment Screening Services Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 28. Brazil: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Argentina: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Rest of South & Central America: Employment Screening Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Company Positioning & Concentration