Human Capital Management Global Market Report 2023 – By Component (Software, Services), By Deployment Model (On Premises, Cloud), By Organization Site (Small And Medium sized Enterprises, Large Enterprises), By Vertical (Banking, Financial Services, And Insurance, Government, Manufacturing, Telecom And IT, Consumer Goods And Retail, Healthcare And Life Sciences, Energy And Utilities, Transportation And Logistics, Other Verticals) – Market Size, Trends, And Global Forecast 2023-2032

HR professional services refer to services for managing the employee life cycle, which includes recruiting, hiring, onboarding, training, and terminating personnel, as well as administering employee benefits. HR professional services address human resource management tasks and decisions of an organization. The main types of HR professional services are core HR, employee collaboration and engagement, recruiting, talent management, workforce planning, and analytics. Core HR refers to centralizing and consolidating fundamental personnel information and processes. The various enterprises involved are large enterprises, and small and medium enterprises that are deployed by hosted, and on-premise and are used for academia, banking, financial services, and insurance (BDSI), government, healthcare, it and telecom, manufacturing, retail, and other end-users. The global hr professional services market is segmented - 1) By Type: Core HR, Employee Collaboration and Engagement, Recruiting, Talent Management, Workforce Planning and Analytics 2) By Enterprise: Large Enterprises, Small and Medium Enterprises 3) By Deployment: Hosted, On-Premise 4) By End-User: Academia, Banking, Financial Services and Insurance (BFSI), Government, Healthcare, IT and Telecom, Manufacturing, Retail, Other End-Users The global hr professional services market size will grow from $5.72 billion in 2022 to $6.52 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the hr professional services is expected to grow to $10.78 billion in 2027 at a CAGR of 13.4%. Increasing implementation of information technology is expected to propel the growth of the HR professional services market going forward. Information technology refers to a wide range of terms, including all aspects of computing and telecommunications development and installation, including use. Technology has significantly altered human resource management. Most firms now give ubiquitous access to HR services via technology and web-based apps. These adjustments are frequently the outcome of the need to reduce costs while expanding or improving services. For instance, according to Flexera, in 2021, 54% of companies worldwide prioritize digital transformation. Additionally, in May 2022, Couchbase, a software company, released the results of its fifth annual survey done on 650 IT leaders. It was founded that, the investment in digital transformation will increase by 46% over the next 12 months. Therefore, the increasing implementation of information technology is expected to drive the HR professional services market growth. Major players in the HR professional services market are Automatic Data Processing Inc., Oracle Corporation, SAP SE, Ultimate Software, Workday Inc., International Business Machines Corporation, Kronos Inc., Skillsoft, Cornerstone On Demand Inc., Capterra Inc., Bizex Management Solutions Pvt Ltd., Zucchetti s.p.a., GRM Information Management, Razorpay Software Private Limited, Napier Healthcare Solutions Pte Ltd. Technological advancements are a key trend gaining popularity in HR professional services. Major players operating in the HR professional services market are developing products with advanced technologies to sustain their position in the HR professional services market such as HR automation. For instance, in January 2021, Jotform, a US-based automated workflows company launched HR automation and replaces manual chores with technology Printed job applications and burdensome employee documentation used to fill file cabinets. Companies are now replacing paper-based systems with digital procedures and migrating everything to the cloud. The goal of HR process automation is to relieve HR personnel of the most time-consuming manual duties. The impact of automation on the bottom line is apparent. Employees may spend less time on paperwork and filing and more time on more vital tasks like brainstorming and analyzing data. In October 2021, GTM Payroll Services, a US-based payroll solutions company acquired Pinnacle Human Resources LLC for an undisclosed amount. Through the acquisition of an experienced team of human resources consultants and Pinnacle Human Resources' specialized HR support services, GTM Payroll Services would provide even greater benefit to clients by assisting them in lowering costs and streamlining their workflow procedures. Pinnacle Human Resources LLC is an India-based human resources services company. North America was the largest region in the HR professional services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the HR professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the HR professional services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The HR professional services market consists of revenues earned by entities by providing various professional services that involve activities to onboarding, and training a service environment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The HR professional services market research report is one of a series of new reports from The Business Research Company that provides HR professional services market statistics, including HR professional services industry global market size, regional shares, competitors with HR professional services market share, detailed HR professional services market segments, market trends, and opportunities, and any further data you may need to thrive in the HR professional services industry. This HR professional services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

HR advisory services assist businesses in increasing the efficiency of HR operations and effectively implementing new policies and procedures. HR Advisory Services help organizations transform their business culture, including changes in organizational design, processes, and systems, among other things. The main types of HR advisory services are compensation consulting, benefits consulting, human resources management consulting, actuarial consulting, strategic consulting, and others. Compensation consultants are professionals in the implementation and design of compensation programmes with the purpose of generating the right incentives for employees. They also advise businesses on compensation trends and current pay rates for specific job categories. The various types of services include integration & deployment, support & maintenance, training and training & consulting and are used by IT services, manufacturing, financial services, mining, oil & gas, construction, and others. The global HR advisory services market is segmented - 1) By Type: Compensation Consulting, Benefits Consulting, Human Resources Management Consulting, Actuarial Consulting, Strategic Consulting, Other Types 2) By Service: Integration & Deployment, Support & Maintenance, Training & Consulting 3) By End-Use: IT Services, Manufacturing, Financial Services, Mining And Oil & Gas, Construction, Other End-Uses The global HR advisory market size will grow from $150.99 billion in 2022 to $157.54 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global HR advisory market is expected to grow to $179.58 billion in 2027 at a CAGR of 3.3%. The use of data-driven tools and analytics for employee engagement is a major driver contributing to the growth of the HR advisory services market. Employee engagement refers to a workplace approach that results in appropriate conditions for all the employees of the company to give their best performance every day by abiding by the values of the company with an enhanced feeling of their well-being. Professionals in human resource management are relying on data analytics and AI for key decisions. For instance, Genpact, an American professional services company, analyses employee data, segments and categorises it to find patterns such as at what age, salary range, or experience level employees leave the organization. Predictive analytics is used to identify employees who are at high risk of voluntary attrition, and interventions are designed to re-engage them. Further advances in data-driven tools and analytics are expected to drive the growth of the HR advisory service market. Major players in the HR advisory services market are IBM Corporation, Mckesson Corporation, Dell, Tata Consultancy Services, Infosys Limited, Accenture PLC, Aon, Deloitte Touche Tohmatsu Limited, The Adecco Group, and Marsh & McLennan Companies Inc. Cybersecurity threats to the human resource department are a major factor hindering the growth of the HR advisory services market. A cybersecurity breach is costly and equally destructive for all organizations—big or small. According to Heimdal Security, cyber-crimes cost the global economy $100 billion every year and $17 million in the USA alone. HR professionals maintain extremely private and sensitive information such as social security numbers, dates of birth, addresses, and bank details. In addition to this, according to Mercer’s 2020 Global Talent Trends Study, nearly two thirds (62%) of executives said the greatest threat to their organization’s cybersecurity was employees non-compliance with data security rules, rather than hackers or vendors. Companies rely on their HR department and do not outsource HR services because there is a risk of losing important employee data in availing external HR services, thereby restraining the growth of the HR advisory services market over the forecast period. Organizations across the globe are focusing on creating a digital workplace using cloud services and AI, which is gaining significant popularity in the HR advisory market. The digital workplace is a modern concept using digital transformation to align technology to achieve organizational goals with operational efficiency. Cloud services and artificial intelligence (AI) are critical components of the digital workplace, assisting in the removal of geographic barriers for improved collaboration, increasing productivity and employee engagement, improving decision making, and optimizing costs. For instance, according to The Future of Jobs Report 2020, published by the World Economic Forum, AI is expected to replace 85 million jobs globally by 2025. In March 2020, Aon PLC., a London-based global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, acquired Willis Towers Watson (WTW), the UK-based risk management, insurance brokerage, and advisory company, for $30 billion. The acquisition will strengthen Aon Plc's expertise in cybersecurity, intellectual property, climate change, and health solutions. The combined entity would work together in the risk, retirement, and health businesses. Willis Towers Watson (WTW) is a London-based company that helps clients around the world in 140 countries with global advisory, HR consulting, software, broking, and other solutions. North America was the largest region in the HR advisory services market in 2022. Western Europe was the second largest region in the global HR advisory services market share. The regions covered in the global HR advisory market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the HR advisory services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The HR advisory market consists of revenue earned by entities by providing services such advising on human capital matters and/or offerings revolving around the HR function. HR advisory services are generally used by three types of clients: those aiming to improve their HR function by redesigning HR processes, those undergoing transformations such as mergers and acquisitions to ensure the new human capital is trained. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The HR advisory market research report is one of a series of new reports from The Business Research Company that provides HR advisory market statistics, including HR advisory industry global market size, regional shares, competitors with a HR advisory market share, detailed HR advisory market segments, market trends and opportunities, and any further data you may need to thrive in the HR advisory industry. This HR advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An employment screening service is a process of examining a candidate and verifying their behaviour, credentials, criminal history, and so on to protect a business from a fraudulent employee. The employment screening services are used by companies that are hiring to examine the prospective hires' fit for the job and safety risks. The main services of the employment screening services market are background screening, verification, driver management, and medical and drug testing. Background screening refers to the process of investigating the backgrounds of potential employees to help companies make informed decisions regarding prospective job applicants. The various verifications done are qualification, employment history verification, reference checks, and other verifications. The background screening offered includes credit checks and criminal records. The various applications are healthcare, IT/technology/media, financial services, staffing, retail, industrial, travel and hospitality, government and education, transportation, and other applications. The global employment screening services market is segmented - 1) By Services: Background Screening, Verification, Driver Management, Medical, and Drug Testing 2) By Verification: Qualification, Employment History Verification, Reference, Other Verifications 3) By Background Screening: Credit Check, Criminal Record 4) By Application: Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel and Hospitality, Government and Education, Transportation, Other Applications The global employment screening services market size will grow from $4.46 billion in 2022 to $4.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the employment screening services is expected to grow to $6.46 billion in 2027 at a CAGR of 7.6%. The rising need to reduce fraudulent activities done by employees is expected to propel the growth of the employment screening services market going forward. Fraudulent activities refer to deliberate acts with the intention of obtaining an unauthorized benefit, such as money or property. The rising need to reduce fraudulent activities by newly hired employees with the intent of preventing financial and reputational loss to the organization For instance, according to a 2021 study carried out by Experian, an Australia-based data analytics company, more than 45% of businesses in India have seen an increase in fraud amid the pandemic. Therefore, the growth in the automotive industry is driving the employment screening services market growth. Major players in the employment screening services market are Automatic Data Processing Inc., Capita plc, CareerBuilder, Experian PLC, First Advantage, HireRight, Insperity Inc., Paychex Inc., Paycor, Reed Screening, Sterling, Triton, Verity Screening Solutions, GoodHire, and Employee Crossings. Technological advancements are the key trend gaining popularity in the employment screening services market. Major companies operating in the market are developing technologically advanced offerings to streamline the customer and candidate experience. For instance, in May 2021, HireRight, a US-based group background screening company, launched its Applicant Center and offered its vaccination history questionnaire. This service allows employers to receive candidate or employee vaccination records quickly and conveniently. The service features a series of four questionnaires, namely the vaccination history questionnaire, the respirator medical questionnaire, the tuberculosis exposure questionnaire, and the COVID-19 vaccination questionnaire. This service offers employers the ability to efficiently screen the health records of employees. The questionnaire is based on the guidelines of various government regulatory bodies. In March 2020, Accurate Background a US-based company that provides background screening services, acquired CareerBuilder Employment Screening for an undisclosed amount. Through this acquisition, Accurate Background strengthens its position in the market by offering client-focused, technologically advanced solutions and better customer service and candidate experience. Further, the acquisition is expected to strengthen Accurate Background’s automated pre- and post-employment screening services. CareerBuilder Employment Screening, LLC, is a US-based company offering background screening and drug-testing services and technology. North America was the largest region in the employment screening services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the employment screening services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the employment screening services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The employment screening services market consists of revenues earned by entities by providing pre-employment physical examination and talent assessment tests. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The employment screening services market research report is one of a series of new reports from The Business Research Company that provides employment screening services market statistics, including employment screening services industry global market size, regional shares, competitors with a employment screening services market share, detailed employment screening services market segments, market trends and opportunities, and any further data you may need to thrive in the employment screening services industry. This employment screening services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Employment services refer to those services that provide labour or workforce to other businesses for their organizational activities usually on a temporary, short-term, or long-term basis. Employment services were intended to help people obtain jobs, particularly by offering training or enabling contact between companies and job seekers. The different types of employment services are employment placement agencies, executive search services, temporary help services, and professional employer organizations. An employment agency is a business that is hired to find and hire people for other businesses. The agency can be either governmental or private, with operations at the federal, state, or local levels. The different modes include online, and offline and are used by various sectors such as banking and financial, engineering, medical, information and technology, and others. The global employment services market is segmented - 1) By Type: Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations 2) By Vertical: Banking and Financial, Engineering, Medical, Information and Technology, Other Verticals 3) By Mode: Online, Offline The global employment services market size will grow from $1,603.09 billion in 2022 to $1,780.14 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of employment services market is expected to grow to $2,624.22 billion in 2027 at a CAGR of 10.2%. The increasing rate of unemployment is expected to propel the growth of the employment services market. Employment services aid people who are unemployed and looking for jobs by providing comprehensive recruiting, job search, and related services. For instance, according to data from the National Bureau of Statistics of China, a China-based deputy-cabinet-level agency, the urban unemployment rate increased to a six-month high of 5.7% in November 2022 from 5.5% in the previous month. Further, In 31 major cities and towns, the unemployment rate rose from 5.0% to 6.7% in China in 2022. Therefore, the increasing rate of unemployment is expected to drive the employment services market going forward. Major companies in the employment services market report are Randstad Holding NV, Adecco Group, Recruit Holdings, ManpowerGroup Inc., Hays Plc, Kelly Services Inc., ADP LLC, Insperity, Inc., Robert Half International Inc., and Korn Ferry. Executive search services companies and recruitment agencies are increasingly relying on artificial intelligence to simplify the recruitment process. The recruitment process involves screening profiles from a large applicant pool which is time-consuming. Artificial intelligence can automate this process for effective screening and assessment of candidates. Additionally, artificial intelligence-powered chatbots are being used for initial communication with job applicants and scheduling interviews. For instance, the ARYA platform by Leo force uses artificial intelligence to analyze profiles, resumes, and information on the web to screen job applicants. Olivia, a chat bot communicates with candidates through mobile platforms or social channels to schedule interviews. North America was the largest region in the employment services market in 2022. Asia-Pacific was the second-largest region in the global employment services market share. The regions covered in the employment services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the employment services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The employment services market consists of revenues earned by entities that list employment vacancies and refer or place applicants for employment, provide executive search, recruitment, and placement services, and supply workers to clients' businesses for limited periods of time to supplement the working force of the client, or provide human resources and human resource management services to client businesses and households. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The employment services market research report is one of a series of new reports from The Business Research Company that provides employment services market statistics, including the employment services industry global market size, regional shares, competitors with an employment services market share, detailed employment services market segments, market trends and opportunities, and any further data you may need to thrive in the employment services industry. This employment services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fraud detection and prevention refers to the strategies accepted to discover and avoid attempts to secure money or property by deception. Fraud detection and prevention services help organizations analyze huge and complex data sets to detect anomalies, reduce false positives, and provide end-to-end advanced fraud management solutions. The main types of fraud detection and prevention are check fraud, identity fraud, internet/online fraud, investment fraud, payment fraud, insurance fraud, and other fraud types including mortgage fraud, insider fraud, and mobile fraud. Check fraud refers to automated check image analysis utilizing powerful software to detect small corrections that may not be visible to the human eye alone. These tools look at fixed information on the check such as payer’s details, signature line placement, font, check size, and serial number. The deployment modes used in fraud detection and prevention are on-premise and cloud and the various solutions provided include fraud analytics, authentication, reporting, and visualization. Fraud detection and prevention are used in insurance claims, money laundering, and electronic payment in small and medium enterprises (SMEs), and large enterprises. The global fraud detection and prevention market is segmented - 1) By Fraud Type: Check Fraud, Identity Fraud, Internet /Online Fraud, Investment Fraud, Payment Frauds, Insurance Fraud, Other Fraud Types 2) By Deployment Mode: Cloud, On-premises 3) By Solution: Fraud Analytics, Authentication, Reporting, Visualisation, Other Solutions 4) By Application: Insurance claims, Money laundering, Electronic Payment 5) By End User: Small and Medium Enterprises (SMEs), Large Enterprises The global fraud detection and prevention market size will grow from $33.58 billion in 2022 to $41.91 billion in 2023, at a compound annual growth rate (CAGR) of 24.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fraud detection and prevention is expected to grow to $102.45 billion in 2027 at a CAGR of 25.0%. An increase in the frequency of cyberattacks and frauds is driving the growth of the fraud detection and prevention market. The International Criminal Police Organization's judgement of the impact of COVID-19 on cybercrime has demonstrated an important target shift from individuals and small businesses to major corporations. For instance, in 2020, according to Interpol, in the pandemic, with businesses and firms immediately installing remote systems and networks to help staff work from home, criminals are taking advantage of enlarged security vulnerabilities to steal data, generate profits, and cause disruption. Within 4 months, from January to April, INTERPOL detected around 48,000 malicious URLs, 737 incidents related to the malware, and 907,000 spam messages. Therefore, the increase in the frequency of cyberattacks and frauds is driving the growth of the fraud detection and prevention market. Major players in the fraud detection and prevention market are IBM Corporation, FICO, Oracle Corporation, SAS Institute, BAE Systems, DXC Technology, SAP SE, ACI Worldwide, Fiserv, Inc., ThreatMetrix Company, NICE System Ltd., F5 Networks Inc., Equifax Inc., Cybersource Corporation, and Global Payments Inc. Technological advancement is a key trend gaining popularity in the fraud detection and prevention market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in October 2022, DG Financial Technology Inc. (DGFT), a Japan-based service provider company, partnered with Scudetto Corporation, a Japan-based company specializing in online fraud prevention, and launched Sift Digital Trust & Safety Suite (Sift), an artificial intelligence (AI)-built fraud detection solution. Sift is a fraud detection and prevention solution that uses artificial intelligence to detect fraud and abuse in the e-commerce space and online, including credit card fraud and account takeover, to reduce the damage from chargebacks and other fraudulent activities by streamlining fraud prevention operations and increasing revenue. In September 2021, TransUnion, a US-based financial information platform has acquired Neustar for an undisclosed amount. The acquisition is expected to advance TransUnion’s strategy to expand from its credit solutions with supportive digital marketing and fraud mitigation capabilities. Neustar, Inc., is an American technology company that offers real-time information and analytics for the Internet, risk, and digital performance. North America was the largest region in the fraud detection and prevention market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fraud detection and prevention market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the fraud detection and prevention market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The fraud detection and prevention market consists of revenues earned by entities that provide protection against fraudulent activities that can involve a broad range of cases such as money laundering, cybersecurity threats, tax evasion, and fraudulent insurance claims. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fraud detection and prevention market research report is one of a series of new reports from The Business Research Company that provides fraud detection and prevention market statistics, including fraud detection and prevention industry global market size, regional shares, competitors with a fraud detection and prevention market share, detailed fraud detection and prevention market segments, market trends and opportunities, and any further data you may need to thrive in the fraud detection and prevention industry. This fraud detection and prevention market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fraud hunters refers to the process of screening and distinguishing authenticated data, such as customer application data, from fraudulent data, which can lead to various types of fraud. Fraud hunters are used to prevent, identify, and stop fraudsters and provide uninterrupted service to the customers through accurate application fraud prevention. The main types of fraud hunters are financial statement fraud, healthcare, insurance, banking fraud, consumer fraud, intellectual property fraud, and other types. Financial statement fraud refers to the intentional manipulation of a company's financial statements, whether by exclusion or exaggeration, to give a false picture of the company's financial situation, performance, or cash flow. The various organization sizes are SMEs and large organizations. These are used in defense, government, banks and financial institutions, and a variety of other settings. The global fraud hunters market is segmented - 1) By Type of Fraud: Financial Statement Fraud, Healthcare, Insurance and Banking Fraud, Consumer Fraud, Intellectual Property Fraud, Other Types of Fraud 2) By Organisation Size: SMEs, Large Organizations 3) By Application: Defense, Government, Banks and Financial Institution, Other Applications The global fraud hunters market size will grow from $6.35 billion in 2022 to $7.41 billion in 2023 at a compound annual growth rate (CAGR) of 16.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fraud hunters is expected to grow to $13.35 billion in 2027 at a CAGR of 15.8%. The rise in intellectual and financial theft is expected to propel the growth of the fraud hunter market going forward. Intellectual theft refers to the moment of stealing creative expressions, inventions, symbols, or logos in the form of trade secrets, trademarks, copyrights, or patents that belong to a particular person or company. Fraud hunters help web and mobile service owners monitor users’ usage and investigate potential misuses to reduce intellectual and financial theft. For instance, according to the Federal Trade Commission, a US-based independent agency of the United States government, consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% over 2020. It received fraud reports from more than 2.8 million consumers in 2020, with the category of imposter scams accounting for more than $2.3 billion, followed by $392 million in reported losses from online shopping scams in 2020. Therefore, the rise in intellectual and financial theft is driving the fraud hunting market growth. Major players in the fraud hunters market are Experian Information Solutions Inc., Oracle Corporation, IBM Corporation, FICO, Fiserv Inc., FIS Inc., NCR Corporation, Fraud Hunter, Zoi, Equifax Inc., Riskified, Sift, Signifyd, and Forter. The rising use of artificial intelligence and machine learning is the key trend gaining popularity in the fraud hunting market. Major companies operating in the fraud hunter market are focused on the use of artificial intelligence and machine learning to sustain their position in the fraud hunter market. For instance, July 2021, Microsoft Corporation, a US-based technology corporation launched MLSEC.IO, an educational Machine Learning Security Evasion Competition (MLSEC) to give the AI and security communities a chance to practice actual AI system attacks. The competition, which Microsoft is hosting and sponsoring along with NVIDIA, CUJO AI, VM-Ray, and MRG Effitas, awards competitors who successfully avoid AI-based malware detectors and AI-based phishing detectors. In July 2021, Broadcom, the a US-based manufacturer of a wide range of semiconductor and infrastructure software products, acquired SAS Institute Inc., for a deal amount between $15 billion and $20 billion. With this acquisition, Broadcom would wholly acquire SAS Institute Inc., Also, this acquisition enables Broadcom to strengthen its infrastructure software solution business. SAS Institute Inc., is a US-based company engaged in the development of a SAS platform for fraud detection and prevention solutions. North America was the largest region in the fraud hunt market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this fraud hunters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the fraud hunters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fraud hunters market consists of revenues earned by entities by providing fraud hunters that are used to detect potentially fraudulent applications. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fraud hunters market research report is one of a series of new reports from The Business Research Company that provides fraud hunters market statistics, including fraud hunters industry global market size, regional shares, competitors with a fraud hunters market share, detailed fraud hunters market segments, market trends and opportunities, and any further data you may need to thrive in the fraud hunters industry. This fraud hunter's market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Vocational rehabilitation is a set of services intended to make it easier for people with disabilities or for those who have recently sustained an injury or a handicap to enter the workforce or return to it. Additionally, these services could change according on the needs of the person. The main types of vocational rehabilitation services are counseling and guidance, job search and placement assistance, vocational and other training services, evaluation of physical and mental impairments, on-the-job or personal assistance services, interpreter services, occupational licenses, and technical assistance for self-employment, supported employment services and others. Occupational licensing is a type of government regulation that requires a license to pursue a specific profession or vocation for a fee. The services are provided for physical, mental, and disabilities that occurred during the job. The various care settings include in-patient and out-patient services. The global vocational rehabilitation services market is segmented - 1) By Service: Counselling And Guidance, Job Search And Placement Assistance, Vocational And Other Training Services, Evaluation Of Physical And Mental Impairments, On-The-Job Or Personal Assistance Services, Interpreter Services, Occupational Licenses, Technical Assistance For Self-Employment, Supported Employment Services, Other Services 2) By Disability: Physical, Mental, Disability Occurred During Job 3) By Care Settings: In-patient, Out-patient The global vocational rehabilitation services market size will grow from $4.94 billion in 2022 to $5.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global vocational rehabilitation services is expected to grow to $6.32 billion in 2027 at a CAGR of 4.9%. An increase in the number of companies expressing interest in hiring individuals with disabilities is expected to drive the vocational rehabilitation services market. There is a rise in companies recruiting people with disabilities for empowering them and also provide them with a source of income opportunity, which in turn benefits the company with loyal employees and a diverse workplace. According to the Bureau of Labor Statistics, 17.9% of individuals with a disability were employed in 2020. Similarly, in 2020, UnitedHealth Group with the Inclusion and Diversity Center of Excellence launched Disability Inclusion Internship Program. This collaboration with disability workforce development agencies and non-profit community partners was aimed at creating a career development program that would be opened to anyone with a disability seeking corporate experience in an inclusive environment. This program takes place over the course of 12 to 15 weeks in a cohort setting during flexible full or part-time hours. During their internships, interns explore careers in the healthcare industry and receive hands-on training and mentoring to prepare for UnitedHealth Group corporate roles. The program offers participants opportunities to transition into part or full-time employment after completing the program. Major players in the vocational rehabilitation services market are Rehabilitation Services Administration (RSA), Vocational Rehabilitation and Employment (VR&E), illuminate VR Services Ltd., Vocational Rehabilitation Association (VRA), Easterseals Arc, RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency and New York State Education Department, Adult Career and Continuing Education Services - Vocational Rehabilitation. The shortage of skilled workers in vocational rehabilitation (VR) centers is expected to hinder the vocational rehabilitation services market. Proficient workers are needed for training people with disabilities as they require more intense and structured training than people without disabilities. According to the Council of State Governments, several state VR agencies are unable to provide services to all eligible applicants due to financial constraints and have adopted an "Order of Selection" to determine who receives services first. Furthermore, according to WHO (World Health Organization), in November 2021, stated that over 50% of people in low and middle-income countries do not receive rehabilitation services. According to the Bureau of Labor Statistics, the shortage of qualified rehabilitation counselors is anticipated to grow by 20% by the end of 2022. This shortage of skilled counselors causes a demand-supply gap, impedes the learning experience of disabled people, and thereby, hampers the vocational rehabilitation services market growth. Organizations operating in the vocational rehabilitation services market are focusing on integrating technology to make the administration work easier, connecting individuals with their counselors, and handling data. For instance, in March 2020, as part of its modernization initiative, Vocational Rehabilitation & Employment (VR&E) launched an Automated Virtual Assistant (e-VA) project. Similarly, in September 2020, Microsoft, a US-based technology company launched Microsoft Enabler Program for increasing employability for people with disabilities in the Asia-Pacific. Microsoft's Enabler Program provides cloud and AI training for the physically impaired with inclusive employment opportunities through non-profit organizations. Western Europe was the largest region in the vocational rehabilitation services market in 2022. Asia-Pacific was the second-largest region in the global vocational rehabilitation services market share. The regions covered in the global vocational rehabilitation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vocational rehabilitation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The vocational rehabilitation services market consists of revenues earned by entities by career assessment and evaluation, training, general skill improvement, refresher courses, on-the-job training, career counseling, job searches, and consultation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The vocational rehabilitation services market research report is one of a series of new reports from The Business Research Company that provides vocational rehabilitation services market statistics, including vocational rehabilitation services industry global market size, regional shares, competitors with a vocational rehabilitation services market share, detailed vocational rehabilitation services market segments, market trends and opportunities, and any further data you may need to thrive in the vocational rehabilitation services industry. This vocational rehabilitation services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.