Overview

Checks out: Operators will benefit from a slow improvement in the labor market.

IBISWorld’s Background Check Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Background Check Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Declining unemployment is increading the need for businesses to screen potential job candidates
  • Industry operators will continue to experience a rise in regulation and oversight
  • Continued labor market improvement will aid industry growth

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    Industry Analysis & Industry Trends

    The Background Check Services industry enjoyed encouraging growth over the past five years. The industry performed poorly in the wake of the economic downturn. However, declining unemployment increased the need for businesses to screen for job candidates. In the coming years, industry operators will benefit from an improvement in the labor market. However, strong growth will be mitigated by an increase in vacancy rates, which will diminish demand from apartment leasing companies...

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    Industry Report - Industry Locations Chapter

    Industry establishments are mostly distributed in line with the overall population. Although the major players in this industry provide services to customers across the country, most industry firms are small operators working in local markets. As a result, industry establishments are concentrated where downstream businesses are located, which in turn matches the distribution of the overall population.

    The Southeast accounts for the largest share of industry firms, though its 23.0% share of establishments is lower than its 25.4% of the population. This is due to the region's geographically dispersed landscape. Instead of having large number of establishments, some firms choose to serve this region only through online services.

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    Additional Insights for the Background Check Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Background Check Services Industry are

  • Must comply with government regulations
  • Economies of scale
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Demand from apartment rental and National unemployment rate in the Background Check Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Background Check Services Industry?

    Operators in this industry offer tenant and employment background screening to consumers, landlords, corporations and other organizations.

    Industry Products
    Reference check services
    Credit check services
    Criminal record-check services
    Industry Activities
    Credit check services in conjunction with other background check services
    Criminal record-check services
    Reference check services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from apartment rental
  • National unemployment rate
  • Regulation
  • Percentage of services conducted online

  • Current Performance
  • Industry demand
  • The internet’s impact
  • Increased competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry demand
  • The internet’s impact
  • Increased competition
  • Table: Background Check Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Background Check Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Space Vehicle & Missile Manufacturing
  • Tank & Armored Vehicle Manufacturing
  • Retail Trade
  • Finance and Insurance
  • Apartment Rental
  • Healthcare and Social Assistance
  • Public Administration

  • Key Selling Industries
  • Data Processing & Hosting Services
  • Database, Storage & Backup Software Publishing
  • Public Administration

  • Products & Services
  • Credit check services
  • Criminal record-check services
  • Reference check services
  • Chart: Background Check Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Landlords
  • Other sectors
  • Retailers
  • Financial services providers
  • Healthcare services providers
  • Chart: Major Market Segmentation for the Background Check Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Background Check Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Background Check Services Industry

  • Industry Globalization
    Major Companies
    First AdvantageSterling Infosystems Inc.HireRight Inc.
  • Table: First Advantage - financial performance
  • Table: Sterling Infosystems Inc. - financial performance
  • Table: HireRight Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Background Check Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Background Check Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Rental vacancy rates (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Adverse Action
  • Employers or landlords making an adverse decision on employment or tenancy (such as rejection for rental or employment).
  • Consumer Reports
  • A report that contains information about an individual. Information includes credit history, personal characteristics and general reputation. Commonly referred to as background checks.
  • Personally Identifiable Information (Pii)
  • Information that can be used to uniquely identify, contact or locate a person.
  • Pre-Adverse Action
  • Employers presenting the background check to applicants to provide them with an opportunity to dispute inaccuracies prior to a final decision.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Background Check Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Background Check Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Background Check Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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