The overall testing, inspection, and certification (TIC) market is expected to grow from USD 209.4 billion in 2019 to USD 266.2 billion by 2024—growing at a CAGR of +4.91%.

Testing, inspection and certification (ICT) play an important role in ensuring that infrastructure, services and products comply with standards and regulations related to safety and quality. As inspection and testing at regular intervals in some industries, such as oil and gas, become mandatory, ICT services are expected to increase their demand, regardless of industrial seasonality.

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Security breaches in recent times, such as the Volkswagen diesel emission scandal, the Chinese milk scandal (melamine found in infant formula), have led to stricter regulations in developing economies. Such infractions demonstrate the importance of independent inspection and certification services and have not only forced more strict and complex regulations and standards, but have also increased the third party's reliability for evaluation, thus providing scope for independent ICT companies.

SGS Group (Switzerland), Bureau Veritas SA (France), Intertek (UK), and TÜV SÜD Group (Germany), Eurofins Scientific (Luxembourg), DNV GL (Norway), TÜV Rheinland Group (Germany), Applus+ (Spain), ALS Limited (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Limited (UK), MISTRAS (US), Element Materials Technology (UK), and UL LLC (US) are a few companies operating in the global TIC market.

TIC Market, by Service Type:
  • Testing
  • Inspection
  • Certification
  • Others
TIC Market, by Sourcing Type:
  • In-House Services
  • Outsourced Services
Market by Application
  • Environmental
  • Consumer Goods
  • Manufacturing
  • Petroleum
  • Agriculture
  • Others
Get a massive discount on this report: https://www.marketresearchinc.com/ask-for-discount.php?id=14635 Table of Content                                  Chapter 1 Executive Summary Chapter 2 Abbreviation and Acronyms Chapter 3 Preface Chapter 4 Market Landscape Chapter 5 Market Trend Analysis Chapter 6 Industry Chain Analysis Chapter 7 Latest Market Dynamics Chapter 8 Trading Analysis To continue….. About Us: Market Research Inc is farsighted in its view and covers massive ground in Global research. Local or Global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing Global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: sales@marketresearchinc.com