Several Launches by Several Key Players are Expected to Boost the Global Testing, Inspection, and Certification Market

Published: Nov 2022

The global testing, inspection, and certification market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The factor that drives the market is due to the key companies operating in the industry that are highly inclined towards the adoption of different growth strategies such as new product launches, and product innovation to remain competitive in the market. For instance, in November 2021, Lloyd’s Register (LR) established an Artificial Intelligence (AI) Register, a standardized digital register of LR-certified AI providers and solutions, a first of its kind for the maritime industry. The AI Register will assist maritime stakeholders in discovering appropriate providers and solutions for business challenges, minimizing the risk and cost of investing in AI technology. AI providers can also utilize the register to evaluate existing technology and solutions from the market.

Browse the full report description of “Testing, Inspection, and Certification Market Size, Share & Trends Analysis Report by Sourcing Type (In-House Sourcing, and Outsourced), and by Application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Oil & Gas, Manufacturing, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/testing-inspection-and-certification-market

Furthermore, in September 2021, DEKRA expanded its cybersecurity service portfolio by adding new testing and certification services according to the ETSI EN 303 645 standards. This cybersecurity standard has been developed by the European Standards Organization—ETSI. It is the globally applicable cybersecurity standard for consumer IoT devices that establishes a common baseline that protects security and privacy best practices. DEKRA holds a solid experience in cybersecurity and utilizes innovative processes, supporting manufacturers to demonstrate secured products and solutions.

Apart from this, in June 2021, SGS established online alpaca fleece testing services in New Zealand, committed to the specific requirements of breeders and farmers. With this service offering, the company not only permits the buyers and sellers to achieve their desired quality and quantity certainly and also assists its customers in efficiently selecting animals that have the potential to produce the finest quality fiber.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Sourcing Type

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including DNV Group AS, UL LLC, Bureau Veritas, SGS SA, Intertek Group plc, ALS Ltd., and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Testing, Inspection, and Certification Market Report Segment

By Sourcing Type

  • In-House Sourcing
  • Outsourced

By Application

  • Consumer Goods & Retails
  • Agriculture & Food
  • Chemicals
  • Oil & Gas
  • Manufacturing
  • Others (IT & Telecommunication, and Automotive)

Global Testing, Inspection, and Certification Market Report by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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