Testing, Inspection, and Certification (TIC) Market

1
Testing, Inspection, and Certification (TIC)
Market

• North America followed by Europe is expected to
  witness significant growth in testing, inspection
  and certification market owing to rising
  government regulations in the region.

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The global Testing, Inspection, and Certification
(TIC) Market Size will reach 300.40 million US
in 2025, from 196.25 million US in 2017, with a
CAGR of 5.5 during the forecast period. Late
advances such as from drones to Big Data are
being embraced by Testing, Inspection and
Certification companies. Integrated sensors,
digital inspection, and predictive maintenance
are replacing traditional labor-intensive are
expected to offer better opportunities in
testing, inspection, and certification market
during the forecast period, 20192026.Market
players have adopted acquisition as a key
strategy to expand and explore further growth
opportunities in the market. For instance, SGS
completed 12 acquisitions in 2017 and 8 in 2018
moving it closer to its strategic plan of
acquiring revenues of CHF 1bn (c. 867m) by 2020.
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On the basis of application, the Testing,
Inspection and Certification market is segmented
by consumer product, commodities, industry, life
science pharma, and others. Banking, mining,
software, and other niche sectors are included
under this application segment. Several in-house
laboratories, as well as third-party companies,
offer inspection, analytical testing, and
advisory services to the minerals, exploration,
ore, and mining industries. Services provided in
banking and software sectors contain highly
confidential data that needs to be protected
which therefore demand them to be tested,
inspected, and certified from good
authorities.Some of the most prominent players
in Testing, Inspection, and Certification market
are SGS Group, Bureau Veritas, Dekra
Certification, Intertek, TUV SUD, Eurofins
Scientific and others.
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The Testing, Inspection, and Certification (TIC)
market report is the most important research for
who looks for complete information on the global
trends for the Testing, Inspection, and
Certification (TIC) market. This report covers
all information on the Global as well as regional
markets including old and future trends for
market demand, supply, size, competitors, prices
and Global predominant vendors' information. the
report also provides a complete overview of
Testing, Inspection, and Certification
(TIC) markets including key players, types,
manufacturing segment, cost, fluid market shares,
and market dynamics in 2019.
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