Testing, Inspection, and Certification assessment organizations offer numerous inspection services ranging from testing, auditing, certification, and quality assurance. The assessment bodies offer TIC services for both in the house as well as outsourced projects. In addition to this, due to increasing laws and regulations for mandating TIC services the overall market for Testing, inspection and Certification will show significant growth in the forecasting years.This growth is primarily driven by Increasing Awareness about the Hygienic and Healthy Production Environment and Ensures Safety, Health, and Quality Requirements of Particular Product.
Globally, a noticeable market trend is evident Stringent Safety Regulations Legislations
. The Internet Software & Services sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bureau Veritas S.A. (France), SGS Group (Switzerland), Intertek Group PLC (United Kingdom), TUV SUD Group (Germany), Dekra Certification GmbH (Germany), ALS Limited (Australia), ASTM International (United States), BSI Group (United Kingdom), Exova Group PLC (United States) and TUV Rheinland A.G. (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On December 13th, 2018, International Federation of Inspection Agencies has launched TIC Council for the globally leading companies in testing, inspection and certification (TIC) industry. They have formed a new international association representing independent third-party verification. The independent TIC industry will provide a wealth of services, including certification, product testing, management system certification and valuation of shipments, industrial inspections, training, construction controls, and marine classification.
- Increasing Awareness about the Hygienic and Healthy Production Environment
- Ensures Safety, Health, and Quality Requirements of Particular Product
- Stringent Safety Regulations Legislations
- Growing Trend of Outsourcing Testing, Inspection and Certification Activities
- Leads to Increase Operational Cost
- Very Seldom Common International Standards leading to Standard Rejections
Robust Globalization and increasing Awareness about Safety and Hygienic Working Environment and Growing Trade Agreements across the Developed and Developing Countries
Continuously Growing Labour Cost and Introduction to Third Party Accreditations Institutes
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