Testing, Inspection and Certification Market Demand to Hit USD 349.3 billion by 2032 | Globally at 4.5% CAGR [Yahoo! Finance]
INTERTEK GROUP UNSP/ADR (IKTSY)
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Source: Yahoo! Finance
of TIC services, making them more attractive to businesses looking to streamline their operations and reduce risks. New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- According to Market.us, In 2023, it was estimated that the Testing, Inspection and Certification Market was worth USD 235 billion . It is anticipated that the sector would be valued at USD 245.0 billion by the end of 2024. The Testing, Inspection and Certification Industry is predicted to expand at a rate of 4.5% CAGR over the course of the forecast period (2023-2032), reaching a valuation of USD 349.3 billion by 2032. The Testing, Inspection, and Certification (TIC) sector is integral to ensuring products, services, and systems meet regulatory, safety, and quality standards across diverse industries worldwide. This market is driven by the need for compliance with increasingly stringent national and international regulations, growing consumer awareness of quality and safety issues, and the rapid pace of technological advanc
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