Testing, Inspection and Certification Market is projected to grow up to USD 262.4 billion by 2027 growing at a CAGR of 4.3% during the forecasting period 2021-2027. TIC refers to the services that includes auditing, testing to inspection, verification, quality assurance and certification.
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The TIC market is mainly characterized by different trends that involves a proliferation of standards and regulations, increased simplification of procedure, controls technologies and helps in sustaining the growing interest of users and customers. Enhanced use of TIC for quality assessment is highly demanded by the manufacturers to maintain their market size.
The companies which are anticipated to lead the testing, inspection, and certification market include-ASTM International, TUV SUD AG, AsureQuality Ltd, Dekra SE, TÜV Rheinland Group, Intertek Group Plc, SGS Group, Bureau Veritas SA, ALS Ltd, DNV GL Group AS, Underwriters Laboratories Inc, Lloyd’s Register Group Limited, APPLUS+, TUV Nord group.
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