With digitization taking over, tracking and monitoring data for several purposes is mandatory. For achieving scale needed to comply, the e-Commerce wizards are expected to get consulting and assistance from the testing, inspection and certification service providers, so that challenges related to trade, data privacy, automation, and likewise could be tackled. Persistence Market Research has walked through these facts and insights in its latest market study entitled “Testing, Inspection and Certification market”.
Testing Inspection and Certification Market Dynamics
The global testing inspection and certification market, by service, says testing, inspection, and certification. By sourcing, it’s in-house testing, inspection and certification and outsourcing of testing, inspection and certification. By application, it’s consumer & retail, food & agriculture, electrical & electronics, oil, gas & chemicals, mining & minerals, industrial testing, inspection and certification, inspection, and certification for transportation. Persistence Market Research has etched these facts with insights in its latest market study entitled “Testing, Inspection and Certification Market”.
Europe accounts for more than 25% of the revenue share. France and Germany are holding the baton with the automotive industry over here deploying efficient inspection and testing ecosystem in the companies. The UK and Italy also nurture various fashion brands, retail operations, and consumer goods. North America is at the saturated stage herein.
The Asia-Pacific is expected to grow at the highest rate in the testing inspection and certification market due to flourishing economies like India, China, South Korea, and Japan. Also, speedily developing AI technology ecosystem all across Singapore does facilitate flooring of programs and software. Persistence Market Research has mentioned about these facts with insights in its latest market study entitled “Testing Inspection and Certification Market”.
Persistence Market Research has profiled the key players in testing, inspection and certification market as SGS SA, Bureau Veritas SA, DEKRA, Intertek Group plc, Eurofins Scientific Group, TUV SUD AG, TUV Rheinland AG, DNV GL, UL LLC, Applus+, MISTRAS Group Inc., ATRAC Group, Apave International, ALS Global, Compoende Beneficiamento De Pecas Ltda, TUV Nord Group, Kiwa NV, Favareto SA, ASTM International, OIL test International, LENOR Group, Genesis Group, OPUS Group AB, CSA Group, Element Materials & Technology, Cugnier, and Team Inc.
Persistence Market Research has also mentioned about the latest developments on this count. For instance – SGS, in June 2021, did launch online Alpaca Fleece Testing Services in New Zealand. This testing technology lets breeders track the entire progress of selection programs. Intertek, in April 2021, did announce launching a new set of transaction due diligence solutions for supporting clients in evaluating safety, quality, sustainability, and the regulatory risks all through stages of investment, right from investment to IPO or divestment.
Bureau Veritas, December 2020, tableed a serive portfolio dedicated to various EVCS (electric Vehicle Charging Stations) covering design, construction, and commissioning as per operations. DEKRA Organisational and Process Safety entered into partnership with Saudi Binladin Group for fast-tracking progress towards leading in safety performance. DNV GL, in September 2020, did announce a partnership with WattTime for incorporating the latter’s emissions intelligence into the former’s expertise in digital services and energy management for storage, renewables, and efficiency.
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The Road Further
The global testing inspection and certification market is bound to witness a stellar performance in the next 10 years – Persistence Market Research