Testing, Inspection, and Certification Market worth $280.7 billion by 2029 - Exclusive Report by MarketsandMarkets™

Key Facts

• The global testing, inspection, and certification market was valued at USD 233.2 billion in 2024 and is projected to reach USD 280.7 billion by 2029; it is expected to register a CAGR of 3.8% during the forecast period according to a new report by MarketsandMarkets™.
• The rise in demand for testing, inspection, and certification services is attributed to stringent government regulations aimed at ensuring product safety and environmental protection, the demand for interoperability testing due to IoT adoption, and the surge in trade involving counterfeit and defective pharmaceutical products.
• Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5352498 Browse in-depth TOC on "Testing, Inspection, and Certification Market" 360 – Tables 70 – Figures 605 – Pages Testing, Inspection, and Certification Market Report Scope: Report Coverage Details Market Revenue in 2024 $ 233.2 billion Estimated Value by 2029 $ 280.7 billion Growth Rate Poised to grow at a CAGR of 3.8% Market Size Available for 2020–2029 Forecast Period 2024–2029 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Service Type, Sourcing Type, Application and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Slower adoption of advanced technologies by small and medium-sized TIC companies Key Market Opportunities Use of blockchain technology in TIC services Key Market Drivers Increasing need for interoperability testing owing to growing adoption of IoT Testing services segment to account for the largest market share in the forecasted year.
• Additionally, the globalization of supply chains has led to a greater emphasis on quality control and assurance throughout the manufacturing and distribution process, further driving the demand for testing, inspection, and certification services in the consumer goods and retail sector.

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