SGS and Bureau Veritas Leading Players in the Testing, Inspection, and Certification (TIC) Market
The global testing, inspection, and certification (TIC) market is expected to increase from USD 184.77 Billion in 2017 to USD 247.94 Billion by 2023, at a CAGR of 5.02% between 2017 and 2023. Some of the key factors driving this market are harmonization of standards, growing consumption of goods in emerging countries, increasing incidents of product recalls globally, surge in global counterfeiting and piracy activities, and imposition of rigorous government regulations and standards across various sectors.
View full press release