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Middle East & Africa Employment Screening Services Market
No. of Pages: 99 | Report Code: TIPRE00023489 | Category: Technology, Media and Telecommunications
No. of Pages: 99 | Report Code: TIPRE00023489 | Category: Technology, Media and Telecommunications
The Middle East & Africa employment screening services market was valued at US$ 229.89 million in 2022 and is expected to reach US$ 440.04 million by 2030; it is estimated to record a CAGR of 8.5% from 2022 to 2030.
Adoption of Blockchain and Other Advanced Technologies in Employee Screening Bolster
Middle East & Africa Employment Screening Services Market
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.
Middle East & Africa Employment Screening Services Market Overview
The Middle East & Africa employment screening services market is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The UAE, the most advanced country in the MEA, strives to implement several technologically advanced solutions to influence its global image. The country government invests significantly higher amounts in developing robust infrastructure, owing to which the employment rate has skyrocketed over the years. Similarly, the Saudi Arabian government is making influential strides to boost its technological, healthcare, hospitality, and transportation sectors. The Saudi Arabian government also implements strict rules regarding the employment of Saudi and foreign nationals. On the other hand, South Africa lags in establishing strict rules and laws for its employment sector, which is majorly attributed to uncertain political scenarios. However, the increasing number of jobs in various sectors such as banking and finance, IT and telecom, healthcare, retail and e-commerce, and construction is driving the recruitment process in the MEA. According to the UN news, more than 33 million jobs are expected to be created by 2030 in the region, which is likely to provide lucrative opportunities for the employment screening services market growth in the coming years.
Middle East & Africa Employment Screening Services Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Employment Screening Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Employment Screening Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Employment Screening Services Strategic Insights
Middle East & Africa Employment Screening Services Report Scope
Report Attribute
Details
Market size in 2022
US$ 229.89 Million
Market Size by 2030
US$ 440.04 Million
Global CAGR (2022 - 2030)
8.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Services
By Application
By Organization Size
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Employment Screening Services Regional Insights
Middle East & Africa Employment Screening Services Market Segmentation
The Middle East & Africa employment screening services market is segmented based on services, application, organization size, and country. Based on services, the Middle East & Africa employment screening services market is categorized into background check, verification, and medical & drug testing. The verification segment held the largest market share in 2022.
By application, the Middle East & Africa 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 the largest market share in 2022.
In terms of organization size, the Middle East & Africa employment screening services market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.
Based on country, the Middle East & Africa employment screening services market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa employment screening services market share in 2022.
Capita Plc, DataFlow LLC, First Advantage Corp, HireRight LLC, Sterling Check Corp, Pinkerton Consulting & Investigations Inc, and Triton Inc are some of the leading players operating in the Middle East & Africa employment screening services market.
The Middle East & Africa Employment Screening Services Market is valued at US$ 229.89 Million in 2022, it is projected to reach US$ 440.04 Million by 2030.
As per our report Middle East & Africa Employment Screening Services Market, the market size is valued at US$ 229.89 Million in 2022, projecting it to reach US$ 440.04 Million by 2030. This translates to a CAGR of approximately 8.5% during the forecast period.
The Middle East & Africa Employment Screening Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Employment Screening Services Market report:
The Middle East & Africa Employment Screening Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Employment Screening Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Employment Screening Services Market value chain can benefit from the information contained in a comprehensive market report.