Testing, inspection, and certification market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The growing sensitivity of various governments toward a cleaner environment, favorable initiatives, rules, and regulations across the sectors such as healthcare and automotive is the major factor accelerating the growth of the market. For instance, in December 2021, the Ministry of Environment, Forest, and Climate Change achieved sustainable development goals (SDG) 12, 13, and 15 goals. Additionally, the portal named PARIVESH launched back in 2018 has also been simplified to grant Environmental Clearances within 70 working days. Furthermore, the increase in the adoption of digital technologies to radically transform testing, inspection, and certification services is another factor anticipated to contribute to the development of the testing, inspection, and certification market during the forecast period.
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The COVID-19 pandemic positively impacted the global testing, inspection, and certification market due to the growing use of innovative technology in healthcare, manufacturing, energy, utilities, and other industries that have enabled remote auditing, testing, and inspection. As a result of the pandemic, market participants were implementing a digital platform to deliver customers with remote TIC services. For instance, in July 2020, in response to the COVID-19 pandemic, National Technical Systems, Inc. established a remote test witnessing system and a remote testing system. The strategy aims to support consumers on track during travel and restrict in-person encounters.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Testing, Inspection, and Certification Market Report Segment
By Sourcing Type
- In-House Sourcing
- Outsourced
By Application
- Consumer Goods & Retails
- Agriculture & Food
- Chemicals
- Oil & Gas
- Manufacturing
- Others (IT & Telecommunication, and Automotive)
Global Testing, Inspection, and Certification Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global testing, inspection, and certification market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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