Testing, Inspection, and Certification Market to Exhibit CAGR of 5.8%; Valuation to Reach Mark of US$299,628.6
Transparency Market Research have recently published a new research report that gives details about the global testing, inspection, and certification (TIC) market. As per the research report, the testing, inspection, and certification market stood at an initial valuation of US$184,545.5 mn in 2016. This figure is expected to reach around US$299,628.6 mn by the fall of 2026. Such eye-catching growth of the global market is expected to be achieved with a strong CAGR of 5.8% over the course of the given forecast period of 2017 to 2025. The global testing, inspection, and certification market has a highly fragmented but intensely competed vendor landscape. Such characteristic vendor landscape is because of the presence of large number of companies operating in the market. Many leading companies in the testing, inspection, and certification market are adopting aggressive business strategies such as takeovers and mergers to bolster their product portfolio. In addition to this, new pl...