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(USGovernment-News.Com, September 30, 2018 ) According to Verified Market Intelligence, the Testing, inspection, & Certification (TIC) market was valued at USD 181.86 Billion in 2017 and is projected to reach USD 267.16 Billion by 2025, growing at a CAGR of 4.9% from 2018 to 2025.
Testing, Inspection, & Certification (TIC) stamps of various products and services are essential in order to ensure safety and quality as well as to boost marketability. These type of certifications helps in developing trusts among customers. Both state-owned and privately owned companies provide testing, inspection, & certification services. It has applications in all the industries that are mainly responsible for quality assessment. Rapid urbanization and industrialization have resulted in an increment in the requirement of TIC services.
Growing outsourcing of testing, inspection & certification services, expanded requirement of products and standard regulations of health, quality and environment safety have been driving the testing, inspection, & certification (TIC) market. While different standards and regulations across geographies act as a restraint for the overall market at a global level.
The “Global Testing, Inspection, & Certification (TIC) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Intertek Group PLC, Bureau Veritas SA, SGS Group, ASTM International, ALS Ltd., TUV SUD AG, DNV GL Group AS, AsureQuality Ltd., Underwriters Laboratories Inc, Dekra SE, Lloyd’s Register Group Limited, and TÜV Rheinland Group. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. Ask for Discount @
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