How big is the certification market?

The global testing, inspection and certification (TIC) market size was valued at $213.60 billion in 2020 and is projected to reach $349.27 billion by 2030 registering a CAGR of 5.3\% from 2020 to 2030.

What is the TIC market?

Testing, Inspection and Certification (TIC) companies cater to a diverse range of industry sectors and a variety of standards and legislation. Some of the key testing and certification services include quality and safety controls through conformity assessments.

What is testing inspection?

Whereas inspection is the activity of examining the product or its components to determine if they meet the design standards, testing is a procedure in which the item is observed during operation in order to determine whether it functions properly for a reasonable period of time.

What is testing inspection and certification industry?

The Testing, Inspection and Certification (TIC) sector ensures the safety, integrity and quality of goods and services across different end industries through conformity assessment and assurance.

What is testing and certification?

Definition of Testing, Inspection and Certification services Testing: determination of one or more characteristics of an object of conformity assessment, according to a procedure. Certification: third-party attestation related to products, processes, systems or persons.

What are organizations for inspection and Certification?

Major Players

• Intertek Group PLC.
• SGS SA.
• Bureau Veritas SA.
• DNV GL.
• Eurofins Scientific SE.

Why testing inspection and certification is important?

The Testing, Inspection and Certification (TIC) sector is a major contributor to the global economy and the quality of daily life around the world by providing trust and confidence that products are safe, secure, effective, reliable, of quality and sustainable.

What Bureau Veritas do?

Bureau Veritas is a world leader in Testing, Inspection and Certification. Our mission is at the heart of key challenges: quality, health and safety, environmental protection and social responsibility.