Background Check Services - Industry Market Research Report

Background Check Services - Industry Market Research Report

  • April 2019 •
  • 32 pages •
  • Report ID: 5103628 •
  • Format: PDF

Back story: Improvements in the labor market are expected to sustain demand for industry services

Abstract

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.
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