Testing Inspection & Certification Market Analysis, Geographical Segmentation, Drivers, Challenges, Trends Forecasts by

Posted by Janhavi Kesekar on June 19th, 2023

The global “Testing Inspection & Certification Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Testing Inspection & Certification Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

According to the market research report by Fortune Business Insights, the Testing, Inspection and Certification market size was valued at USD 208.43 billion in 2021 and is projected to grow from USD 217.31 billion in 2022 to USD 328.23 billion by 2029, exhibiting a CAGR of 6.1% during the forecast period.

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https://www.fortunebusinessinsights.com/testing-inspection-certification-tic-market-104939

List of the Key Companies Profiled:

  • SGS SA (Switzerland)
  • Bureau Veritas (BV) (France)
  • Dekra Certification B.V. (Netherlands)
  • Intertek Group PLC (U.K.)
  • TUV SUD AG (Germany)
  • APPLUS+ (Spain)
  • ALS Limited (Australia)
  • Eurofins Scientific SE (Belgium)
  • DNV GL (Norway)
  • Socotec Group (U.K.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Testing Inspection & Certification Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Testing Inspection & Certification Market within the estimated period. Testing Inspection & Certification Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Testing Inspection & Certification Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

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Janhavi Kesekar

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Janhavi Kesekar
Joined: September 13th, 2022
Articles Posted: 78

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