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Employment Screening Services Market to Reach $16.8 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research

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The global employment screening services market is experiencing growth due to the rise in demand for improved quality of workforce, enhanced regulatory compliance with respect to employment, and merits associated with employment screening in organizations

WILMINGTON, Del., Aug. 2, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Employment Screening Services Market by Services (Criminal Background Checks, Education & Employment Verification, Credit History Checks, Drug & Health Screening, and Others), and Application (Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel and Hospitality, Government and Education, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. The global employment screening services market were valued at $6.3 billion in 2023 and is estimated to reach $16.8 billion by 2032, exhibiting a CAGR of 11.1% from 2024 to 2032.

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124 – Tables
69 – Charts
250 – Pages

Prime Determinants of Growth 

The requirement for businesses to maintain a secure and effective workplace is what primarily motivates the use of employment screening services. Through the verification of potential employees’ credentials, background, and integrity, this approach reduces risks. Businesses try to avoid problems like theft, fraud, and violence in the workplace, which can arise from employing people with concealed criminal histories or exaggerated credentials. Employment screening also aids in preserving adherence to legal mandates and industry norms. Businesses safeguard their brand, build client trust, and create a safe work environment by carefully screening individuals. These actions eventually improve operational effectiveness and staff morale.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$6.3 Billion

Market Size in 2032

$ 16.8 Billion

CAGR

11.1 %

No. of Pages in Report

250

Segments Covered

Services, Application, and Region.

Drivers

Rise in adoption of contactless payment methods

Growth in regulatory support and government initiatives

Surge in cases of data breaches and identity thefts

Opportunities

•  Rise In Remote Working Environment

•  Increase In Instances of Faking Experoences Across the Globe

Restraints

High cost of biometric payment cards

Increase in security & privacy concerns among businesses

Opportunities

Rise In Integration of AI For Remote Hiring

Restraint

Rise In Automated Solutions for Employment Screening

Purchase This Comprehensive 250-Page Report (PDF with Insights, Charts, Tables, and Figures) @  https://bit.ly/3WtzyRJ 

Segment Highlights

The global employment screening services market is segmented based on services and applications. Based on services, the market is classified into criminal background checks, education & employment verification, credit history checks, drug & health screening, and others. Based on application, the market is segmented into healthcare, IT/technology/media, financial services, staffing, retail, industrial, travel and hospitality, government and education, transportation, and others. 

The Criminal Background Checks segment dominated the market in 2023

Criminal background checks are essential for job screening services since they support integrity and safety in the workplace. Companies can lower the danger of theft, fraud, and violence within the company by making educated hiring decisions based on the identification of prior criminal conduct. This procedure creates a safe and reliable work environment by safeguarding clients, staff, and company property. Criminal background checks also help to ensure adherence to industry and legal norms, which is crucial for minimizing risk and protecting the company’s brand. All things considered, these audits play a critical role in encouraging a culture of dependability and safety, which supports the organization’s long-term performance.

The Financial Services segment accounted for the highest share in 2023

Owing to strict regulations and pressing need for security and trust, the financial services sector holds a bigger market share for employment screening services. Financial institutions are easy targets for fraud and other financial crimes since they manage sensitive data and substantial sums of money. Extensive screening guarantees that staff members have the honesty and dependability required to carry out these duties. This includes credit history and criminal background checks. Furthermore, extensive screening procedures are required in order to meet strict compliance criteria, like those set by FINRA and the SEC. This emphasis on thorough screening reduces risks, protects investments, and upholds consumer confidence.

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Regional Outlook

North America accounted for the highest share in the global employment screening services market in 2023.  North America stands out as one of the premier hubs for the IT industry, attracting a surge of immigrants in pursuit of employment opportunities, thereby propelling market growth. This influx has led many large organizations in the U.S. to embrace robust employment screening services, driven by the necessity to verify the backgrounds of international candidates and select the most qualified individuals for positions. Moreover, stringent governmental regulations in both the U.S. and Canada regarding the screening of potential employees are anticipated to present lucrative prospects for the market. A prime example is the Fair Credit Reporting Act (FCRA) in the U.S., which mandates background checks across various industries, facilitating organizations in assessing criminal histories and securing suitable candidates for roles. These factors are contributing to the growth of the employment screening services market in North America. 

Players: –

ADP LLCCapita PLCCareerBuilder LLCExperianFirst AdvantageHireRight LLCInsperityPaychex, Inc.Paycor, Inc.REEDSterling Talent SolutionsAccurate

The report provides a detailed analysis of these key vendors in the global employment screening services market. These players have adopted different strategies such as new development, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, portfolio, and strategic moves of market vendors to showcase the competitive scenario. 

Recent Development

In September 2023, Brand Kraken announced the launch of global employment background screening and drug testing services. These new services are aimed to set higher accuracy and customer service standards.In May 2021, Experian launched a new employer services business & real-time income and employment verification solution for supporting the collective recovery of businesses and consumers.

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Employment Screening Services Market Key Segments:

By Services

Criminal Background ChecksEducation and Employment VerificationCredit History ChecksDrug and Health ScreeningOthers

By Application

HealthcareIT/Technology/MediaFinancial ServicesStaffingRetailIndustrialTravel/HospitalityGovernment/EducationTransportationOthers

By Region

North America (U.S., Canada)Europe (France, Germany, Italy, Spain, UK, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Technology

Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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