Europe TIC Market Opportunities and Challenges
Testing, inspection, and certification (TIC) enhance manufacturing productivity, help manufactures to conform their products with global standards, and improve product quality. TIC includes testing the product against quality, reliability, and performance standards. The Europe TIC market is expected to grow from USD 50.1 billion in 2020 to USD 60.4 billion by 2025, at a CAGR of 3.8%. A few key factors driving the market growth are the surge in global counterfeiting, the inclination toward outsourcing TIC services and developments in networking an communication technologies. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106364638 Major players in the Europe TIC market have primarily adopted strategies such as mergers, acquisitions, service launches, and service developments to strengthen their position in the market. SGS (Switzerland) acquired Inter-Basic Resources, Inc. (IBR) based in the US and the UK. IBR is a leading pr...