Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Background Verification Software Market by Type (Cloud-based, On-premises), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Background Verification Software Market by Type (Cloud-based, On-premises), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 291689 4200 Service & Software 377 214 Pages 4.8 (45)
                                          

Market Overview:


The global background verification software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for background verification software from small and medium enterprises (SMEs) and large enterprises. Additionally, the growing awareness about the benefits of using background verification software is also contributing to the growth of the market. However, lack of standardization in data formats is restraining the growth of this market. On-premises segment held a major share in 2017. Cloud-based segment held a major share in 2017.


Global Background Verification Software Industry Outlook


Product Definition:


Background verification software is a computer program that helps employers to screen potential employees by verifying their educational and employment history. The software can also help to identify any criminal convictions the applicant may have. Background verification software is important for employers because it allows them to make informed decisions about who they hire.


Cloud-based:


Cloud-based technology is expected to be a key factor in driving the growth of the market over the forecast period. The major advantage associated with this technology is that it offers flexibility to users by allowing them access data from any location. It also helps organizations in saving on infrastructure costs as they do not have to buy and maintain separate servers for data storage.


The cloud-based BVS software industry was valued at USD 605 million in 2015.


On-premises:


On-premises is a term used for software and hardware installation at the organization's headquarters. The on-premises solution has been traditionally used by organizations to protect their data from external threats such as hackers and cyber criminals. However, with the advancement in technology, there have been significant changes in the way information is stored and shared across networks; this has led to an increase in demand for cloud-based solutions.


Application Insights:


The global market is segmented by application into small and medium enterprises (SMEs), large enterprises and others. The SMEs segment held the largest share in 2017, which can be attributed to factors such as increasing penetration of smartphones, rising disposable income among consumers and rapid urbanization. According to a study published by the World Bank in 2015, it was estimated that there were approximately 24 million SMEs across developing countries with an average of only 1 employee each. These companies accounted for about 54% of all businesses in developing countries and generated about USD 12,000 per year on average. Furthermore, according to a 2016 survey conducted by the International Small Business Association (ISBA) based on more than 150 economies worldwide; it was found out that 51% of all small businesses have less than 10 employees whereas 29% have 10-19 employees and 16% have more than 20 employees globally.


Regional Analysis:


The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government regulations for data security and compliance with regulatory standards such as Gramm-Leach-Bliley (GLB) and Foreign Corrupt Practices Act (FCPA). The GLB act requires financial institutions to implement a program that verifies the origin of funds, while FCPA imposes restrictions on payments to foreign officials for influencing governmental decisions. These acts have increased the adoption of background verification software among enterprises in North America.


Asia Pacific is estimated to be one of the fastest growing regions over the forecast period owing its large population base, low labor costs, developing economies coupled with increasing penetration of internet & mobile banking across this region has led towards higher adoption rates for BVS solutions in APAC countries.


Growth Factors:


  • Increasing demand for background verification software from small and medium businesses (SMBs) due to the increasing number of online transactions.
  • The growing need for compliance with government regulations and industry standards pertaining to background verification.
  • The increasing use of background verification software by recruitment agencies and other HR-related organizations to screen potential employees.
  • The rising popularity of cloud-based Background Verification Software among businesses due to its cost-effective and time-saving features.

Scope Of The Report

Report Attributes

Report Details

Report Title

Background Verification Software Market Research Report

By Type

Cloud-based, On-premises

By Application

Small and Medium Enterprises (SMEs), Large Enterprises

By Companies

Certifix, Instant Checkmate, Checkr, PeopleG2, Sterling Infosystems, PreHire Screening Services, TazWorks, CoreScreening, Accio Data, Background Investigation Bureau

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

214

Number of Tables & Figures

150

Customization Available

Yes, the report can be customized as per your need.


Global Background Verification Software Market Report Segments:

The global Background Verification Software market is segmented on the basis of:

Types

Cloud-based, On-premises

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Small and Medium Enterprises (SMEs), Large Enterprises

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Certifix
  2. Instant Checkmate
  3. Checkr
  4. PeopleG2
  5. Sterling Infosystems
  6. PreHire Screening Services
  7. TazWorks
  8. CoreScreening
  9. Accio Data
  10. Background Investigation Bureau

Global Background Verification Software Market Overview


Highlights of The Background Verification Software Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Cloud-based
    2. On-premises
  1. By Application:

    1. Small and Medium Enterprises (SMEs)
    2. Large Enterprises
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Background Verification Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Background Verification Software Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Background verification software is a computer program that verifies the identity of a person or entity. It can be used to verify the identity of employees, customers, and others who need to access sensitive information.

Some of the key players operating in the background verification software market are Certifix, Instant Checkmate, Checkr, PeopleG2, Sterling Infosystems, PreHire Screening Services, TazWorks, CoreScreening, Accio Data, Background Investigation Bureau.

The background verification software market is expected to grow at a compound annual growth rate of 10.8%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Background Verification Software Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Background Verification Software Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Background Verification Software Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Background Verification Software Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Background Verification Software Market Size & Forecast, 2018-2028       4.5.1 Background Verification Software Market Size and Y-o-Y Growth       4.5.2 Background Verification Software Market Absolute $ Opportunity

Chapter 5 Global Background Verification Software Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Background Verification Software Market Size Forecast by Type
      5.2.1 Cloud-based
      5.2.2 On-premises
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Background Verification Software Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Background Verification Software Market Size Forecast by Applications
      6.2.1 Small and Medium Enterprises (SMEs)
      6.2.2 Large Enterprises
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Background Verification Software Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Background Verification Software Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Background Verification Software Analysis and Forecast
   9.1 Introduction
   9.2 North America Background Verification Software Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Background Verification Software Market Size Forecast by Type
      9.6.1 Cloud-based
      9.6.2 On-premises
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Background Verification Software Market Size Forecast by Applications
      9.10.1 Small and Medium Enterprises (SMEs)
      9.10.2 Large Enterprises
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Background Verification Software Analysis and Forecast
   10.1 Introduction
   10.2 Europe Background Verification Software Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Background Verification Software Market Size Forecast by Type
      10.6.1 Cloud-based
      10.6.2 On-premises
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Background Verification Software Market Size Forecast by Applications
      10.10.1 Small and Medium Enterprises (SMEs)
      10.10.2 Large Enterprises
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Background Verification Software Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Background Verification Software Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Background Verification Software Market Size Forecast by Type
      11.6.1 Cloud-based
      11.6.2 On-premises
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Background Verification Software Market Size Forecast by Applications
      11.10.1 Small and Medium Enterprises (SMEs)
      11.10.2 Large Enterprises
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Background Verification Software Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Background Verification Software Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Background Verification Software Market Size Forecast by Type
      12.6.1 Cloud-based
      12.6.2 On-premises
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Background Verification Software Market Size Forecast by Applications
      12.10.1 Small and Medium Enterprises (SMEs)
      12.10.2 Large Enterprises
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Background Verification Software Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Background Verification Software Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Background Verification Software Market Size Forecast by Type
      13.6.1 Cloud-based
      13.6.2 On-premises
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Background Verification Software Market Size Forecast by Applications
      13.10.1 Small and Medium Enterprises (SMEs)
      13.10.2 Large Enterprises
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Background Verification Software Market: Competitive Dashboard
   14.2 Global Background Verification Software Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Certifix
      14.3.2 Instant Checkmate
      14.3.3 Checkr
      14.3.4 PeopleG2
      14.3.5 Sterling Infosystems
      14.3.6 PreHire Screening Services
      14.3.7 TazWorks
      14.3.8 CoreScreening
      14.3.9 Accio Data
      14.3.10 Background Investigation Bureau

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