The growth drivers include the need to curtail costs, growth and increased use of shifting commodity prices, strength of private label brands and increased competition from players in Testing, Inspection, & Certification (TIC) for Construction & Infrastructure market.
The enhanced security provided by the prominent players are further gaining traction of various enterprises. The other factors driving this market include reducing the cost of IT infrastructure, cost saving in maintenance, and easy access to emails via various devices. This report provides a thorough study of various aspects sustaining the growth to the market. Various organizations are implementing artificial intelligence to their communications systems that allow them to enhance their email processes and attract more customers. Furthermore, cloud solutions facilitate the storage and processing of emails.
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The testing, inspection, and certification (TIC) market is expected to increase from USD +184 Billion in 2017 to USD +247 Billion by 2022, at a CAGR of +5% between 2017 and 2022. The growth of this market is mainly driven by harmonization of standards, growing consumption of goods in emerging countries, increasing incidents of product recalls globally, surge in global counterfeiting and piracy activities, and imposition of rigorous government regulations and standards across various sectors.
The TIC market for the transportation application held the largest share in 2016. There has been a significant demand for pre-owned vehicles in several countries, which has led to the increase in the demand for vehicle inspection services. Moreover, the annual vehicle production capacity is increasing. The functioning of each region and countries constituted in it are contributing to the development of the global market. The in-depth study provided for all these regions will assist market players of any size to wisely strategize their plans in an attempt to maximize their return-on-investment.
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The report carries an analysis of manufacturing cost structure of the Global Testing, Inspection, & Certification (TIC) for Construction & Infrastructure Market, presenting details such as suppliers of raw material, overall production process, and industry chain structure. Technical data and manufacturing plant analysis section in this report covers the capacity and commercial production date of major manufacturers in the Global Testing, Inspection, & Certification (TIC) for Construction & Infrastructure Market in the year 2016. The report also explores the R&D status and technology sources of the market manufacturers in the same year.
This report studies the global Testing, Inspection, & Certification (TIC) for Construction & Infrastructure market, analyzes and researches the Testing, Inspection, & Certification (TIC) for Construction & Infrastructure development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like SGS Group, Bureau Veritas S.A., Intertek Group PLC, TUV SUD Group, Dekra Certification GmbH, ALS Limited, BSI Group, Exova Group PLC, TUV Rheinland A.G, TUV Nord Group, SAI Global Limited, Eurofins Scientific, Mistras Group, DNV.
Market segment by Type, Testing, Inspection, & Certification (TIC) for Construction & Infrastructure can be split into
Market segment by Application, Testing, Inspection, & Certification (TIC) for Construction & Infrastructure can be split into
The prominent companies in the TIC market includes the well-established, financially stable, and technical strong players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.
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