Auditing Segment to Dominate APAC Job Selection Services in 2020-2028 – ResearchAndMarkets.com

The report “Asia-Pacific Employment Screening Services Market Forecast to 2028 – COVID-19 Impact and Regional Analysis by Services, End-User Industry and Organization Size” has been added to ResearchAndMarkets.com offer.

According to a new market research on “APAC Employment Screening Services to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Services, End-user Industry, and Organization size”, is expected to reach US $ 1,283.72 million by 2028 . $ 955.23 million in 2021.

The market is expected to grow at a CAGR of 4.3% from 2021 to 2028. The report presents the prevailing trends in APAC job selection services along with the drivers and restraints related to the market growth.

The increase in the mobile workforce and professional immigrants due to globalization is the main driver for the growth of APAC job selection services. However, the lack of defined regulations in some countries is hampering the growth of APAC job selection services.

The COVID-19 pandemic has severely affected ACPA due to the wide spread of the disease; the countries in this region are among the most populous, which poses a greater risk of the spread of infection. Many global brands and technology companies are headquartered in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has hit large economies such as China, India, Australia and Japan, which are experiencing inflation.

The COVID-19 pandemic, according to Asia-Pacific Employment and Social Outlook 2020, would have wiped out 81 million workers by 2020. According to quarterly data available for 2020, employment levels have fallen in virtually all economies , compared to 2019 Working hours in Asia and the Pacific countries decreased by 15.2% in the second quarter and by 10.7% in the third quarter of 2020, compared to pre-crisis levels .

The lost working hours also contribute to the fact that millions of people have left the labor market or lost their jobs due to the fall in business growth. Thus, job screening service providers suffered negative effects in the APAC countries during the first three quarters of 2020. However, with the gradual opening of economic activity in the region, the Demand for skilled labor started to increase across all industries from the end of 2020, thus contributing to the growth of the employment screening services market.

The job selection services market is segmented into services, end user, organization size, and country. On the basis of services, the employment screening services market has been segmented on the basis of the service into medical and anti-drug screening, screening and screening.

Verification segment dominated the employment screening services market in 2020. Based on background verification services, the employment screening services market has been segmented into credit check, criminal record. Based on Screening Services, the employment screening services market has been segmented into qualification, employment background check, referral, etc. On the basis of the end user industry, the job selection services market has been segmented into IT & Telecommunications, BFSI, Government Agencies, Travel & Hospitality, Manufacturing, Retail, Healthcare, and Others.

The information technology and telecommunications segment dominated the job screening services market in 2020. On the basis of organization size, the job screening services market has been segmented into large companies and SMEs. The large business segment dominated the employment screening services market in 2020.

AUTHBRIDGE RESEARCH SERVICES PRIVATE LIMITED; CAPITA SA; FIRST ADVANTAGE; RENTAL RIGHT, LLC; PINKERTON CONSULTING & INVESTIGATIONS, INC; STERLING TALENT SOLUTIONS is one of the leading companies in APAC job selection services.

The companies are focused on adopting organic growth strategies such as product launches and expansions to maintain their position in the dynamic market. For example, in 2020, Accurate Background, LLC, a leading provider of compliant background checks, substance and health screening, and Form I-9 checks, today announced that it has added new services. to its COVID-19 program to help businesses hire. and thrives during the pandemic.

The report segments APAC job screening services as follows:

APAC Job Selection Services – By Services

  • Background screening

  • Credit check

  • Criminal record

  • Verification

  • Qualification

  • Professional background check

  • Reference

  • Others

  • Medical and drug tests

APAC Job Selection Services – By End User Industry

  • IT & Telecom

  • BFSI

  • Government agencies

  • Travel & Hospitality

  • Manufacturing

  • Retail

  • Health care

  • Others

APAC Job Screening Services – By Organization Size

APAC Job Screening Services – By Country

  • China

  • India

  • Australia

  • Japan

  • Rest of the APAC

Reasons to buy:

  • Understand the APAC job selection services landscape and identify the market segments most likely to ensure high performance

  • Stay ahead of the game by understanding the ever-changing competitive landscape of APAC job selection services

  • Effectively plan mergers and acquisitions and partnership agreements in APAC job selection services by identifying market segments with the most promising likely sales

  • Helps make informed business decisions from an insightful and comprehensive analysis of the market performance of various segments of APAC Job Selection Services

  • Obtain market revenue forecast for the market by various segments from 2021 to 2028 in the APAC region

Companies mentioned

  • Authbridge Research Services Private Limited

  • Captain Plc

  • First advantage

  • Rental right, SARL

  • Pinkerton Consulting & Investigations, Inc

  • Sterling Talent Solutions

For more information on this report visit https://www.researchandmarkets.com/r/5p1cj0

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