Technology News & Trends

According to a new market research report published by Transparency Market Research entitled  “Global Testing, Inspection and Certification Market [By Service Type – Testing & Inspection and Certification; By Sourcing Type – In-house Sourcing and Outsourcing; By Industry –Infrastructure & Construction, Transformational & Contract Manufacturing, Food & Beverages, Agriculture & Forest, Information Technologies, Chemical, Healthcare & Pharmaceutical, Transportation & Logistics, Travel & Tourism, Energy & Utilities, Water & Wastewater Management, Government, Education, Textile, Cosmetics and Others]  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2027, ”  the global  testing, inspection and certification market  is projected to reach  US$ 367,336.4 Mn  by  2027.  The market is expected to expand at a CAGR of  8.0%  during the period from  2020  to...

According to a new market research report published by Transparency Market Research entitled  “Global Testing, Inspection and Certification Market  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2027, ”  the global  testing, inspection and certification market  is projected to reach  US$ 367,336.4 Mn  by  2027.  The market is expected to expand at a CAGR of  8.0%  during the period from  2020  to  2027 . Expanding testing, inspection and certification in the emerging market is boosted by global trade, new infrastructure standards. Europe dominates the testing, inspection and certification market with a market share of  33%  in  2019 . This is primarily due to continual introduction of new regulations such as energy efficiency in construction. Testing, inspection and certification services continue to gain traction in the Europe market due to rising focus on outsour...

According to a new market research report published by Transparency Market Research entitled  “Global Testing, Inspection and Certification Market [By Service Type – Testing & Inspection and Certification; By Sourcing Type – In-house Sourcing and Outsourcing; By Industry –Infrastructure & Construction, Transformational & Contract Manufacturing, Food & Beverages, Agriculture & Forest, Information Technologies, Chemical, Healthcare & Pharmaceutical, Transportation & Logistics, Travel & Tourism, Energy & Utilities, Water & Wastewater Management, Government, Education, Textile, Cosmetics and Others]  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027, ”  the global  testing, inspection and certification market  is projected to reach  US$ 367,336.4 Mn  by  2027.  The market is expected to expand at a CAGR of  8.0%  during the period from  2020  to...

The global testing, inspection and certification (TIC) market is characterized by increasing degree of fragmentation in the vendor landscape over the past several years, finds Transparency Market Research (TMR). The presence of a large number of players vying for sizeable stakes in the market makes it increasingly competitive, as well. Several top players are engaging in strategic mergers and acquisitions to strengthen their positions in the global testing, inspection and certification (TIC) market. TMR notes that a growing number of key players are seeking emerging markets to consolidate their shares in the next few years. The global testing, inspection and certification market stood is expected to garner a CAGR of 5.8% during 2017–2025. The market stood at US$184,545.5 million in 2016 and is anticipated to reach worth of US$299,628.6 million by the end of 2025. Among the various types of services, testing and inspection holds a whopping share of 95.0% in the global TIC mar...

The global market for testing, inspection, and certification (TIC) could face a high level of fragmentation in its vendor landscape owing to the presence of a large number of players sustaining amid intense competition but promising growth avenues, observes Transparency Market Research in a recent report. So as to strengthen their positions and earn lucrative growth opportunities, companies are targeting strategic collaborations, mergers, acquisitions, and expansion across lucrative emerging economies. The report estimates that the  global testing, inspection and certification market  will clock in a CAGR of 5.8% from 2017 to 2025 and rise from an opportunity of US$184,545.5 mn in 2016 to US$299,628.6 mn by 2025. In terms of services, the testing and inspection segment held approximately 95% of the global market in 2016. This is primarily due to the increased focus on monitoring and maintaining hygienic, healthy, and conducive production environments along the supply cha...