Testing, Inspection, and Certification (TIC) Market Emerging Trends USD 105 billion by end 2021 Top Key Players Bureau Veritas SA, SGS group, Dekra Certification GmbH

The TIC sector consists of conformity assessment bodies that provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification.

Testing, Inspection, And Certification Market is expected to reach $105.99 billion, at a CAGR of +4% from 2021.

TIC companies cater to a diverse range of industry sectors and a variety of standards and legislation. These range from agriculture, automotive, raw materials, IT and electronics, environmental protection, food testing, and oil and gas industries right through to maritime, medicine, education, tourism, logistics, consumer products, and more.

The growth of the overall testing, inspection, and certification market is primarily attributed to the strict regulatory standards imposed by governments and the rise in the illicit trade of forged & pirated goods.

The surge in consumer awareness about food safety offers lucrative growth opportunities for the growth of the market. However, a lack of testing facilities and skilled resources can obstruct the market's growth up to some extent.
TIC providers are focused on new services and delivery models to smartly access the latent demand for increased automation, remotely-performed services, and enhanced digitization.

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The key drivers, opportunities, difficulties and the forthcoming trends of the Testing, Inspection, and Certification (TIC) Market is well explained to the viewers for their better understanding. Similarly, its key products, end users, applications and technological details are emphasized in this report.

Key Players
Bureau Veritas SA (France), SGS group (Switzerland), Dekra Certification GmbH (Germany), ALS Limited (Australia), Intertek Group plc. (U.K.), ASTM International (U.S.), SAI Global Limited (Australia), BSI Group (U.K.), UL LLC (U.S.), and MISTRAS Group, Inc. (U.S.) among others.

It also examines the growth status in the regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major difficulties that can hinder the growth of the market is also mentioned in the report.

Market Segmentation
By Sourcing Type: Outsourcing and In-house.
By Service Type: Testing Service, Inspection Service, And Certification Service.
By End-user: Automotive, Textile, Aerospace, Oil & Gas, Petroleum, and Food & Beverage among others.
By Application: Commercial and Industrial.

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Key highlights of the global Testing, Inspection, and Certification (TIC) Market:
- Full in-depth analysis of the parent market.
- Detailed information on factors that will accelerate the growth of the Testing, Inspection, and Certification (TIC) Market during the next five years.
- Accurate predictions on upcoming trends and changes in consumer behavior.
- Former, on-going, and projected market analysis in terms of volume and value.
- The growth of the Testing, Inspection, and Certification (TIC) industry across the Americas, APAC, and EMEA.
- Comprehensive details on factors that will challenge the growth of Testing, Inspection, and Certification (TIC) companies.

Testing, Inspection, and Certification (TIC) Market is being adopted mainly by manufacturing firms and chemical-based companies to reduce water wastage and for efficient use of their resources. Autocollimator’s technology helps organizations for identification of network problem, enhances customer engagement in water conservation and most prominently used to reduce non-revenue water losses due to damage of infrastructure.

Detailed TOC of Global Testing, Inspection, and Certification (TIC) Market Research Report-
– Testing, Inspection, and Certification (TIC) Market Introduction and Market Overview
– Testing, Inspection, and Certification (TIC) Market, by Application
– Testing, Inspection, and Certification (TIC) Market Industry Chain Analysis
– Testing, Inspection, and Certification (TIC) Market, by Type
– Industry Manufacture, Consumption, Export, Import by Regions
– Industry Value ($) by Region
– Global Testing, Inspection, and Certification (TIC) Market Status and SWOT Analysis by Regions
– Major Region of Testing, Inspection, and Certification (TIC) Market
i) Global Testing, Inspection, and Certification (TIC) Market Sales
ii) Global Testing, Inspection, and Certification (TIC) Market Revenue & market share
– Major Companies List
– Conclusion

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