Global Tenant Screening Services Market Sees Substantial Growth Amid Rising Rental Demand and Risk Mitigation Needs
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The Tenant Screening Services Market is gaining strong momentum globally as landlords, property managers, and rental platforms seek to reduce leasing risks and ensure reliable tenancy. With the rental housing sector expanding and default rates posing financial concerns, tenant verification services have become essential tools in real estate operations.
According to recent research by Dataintelo, the global Tenant Screening Services Market was valued at USD 5.1 billion in 2023. It is expected to surpass USD 9.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. This growth reflects increasing urbanization, rising property investments, and demand for seamless, data-driven rental processes.
Tenant screening solutions encompass credit history checks, criminal background verification, eviction records, income verification, and rental history analysis. Their adoption is being fueled by a growing emphasis on tenant accountability and the financial risks associated with poor leasing decisions.