Testing Inspection and Certification Market Size

Testing, Inspection, And Certification Market size was over USD 242.76 billion in 2024 and is poised to reach USD 488.53 billion by the end of 2037, witnessing around 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of testing, inspection, and certification is assessed at USD 253.64 billion.

The growth of the market can be attributed to the growing trends of digital transformation across companies. The digital transformation has led to the innovation of various new technologies and faster production and delivery of goods and services, which in turn also boosts the demand for testing, inspection, and certification services. New business models have been developed by 60% of organizations that are based on digital transformation. Moreover, the leading industries that have undergone digital transformation are bank and financial services, healthcare, and services.

 In addition to these, factors that are believed to fuel the market growth of testing, inspection, and certification include the rise in the number of TIC services for various industries. The major companies are launching new testing, inspection, and certification for different types of products that sit well with the standards. For instance, Dekra introduces cybersecurity services for the Internet of Things (IoT) ecosystem into their portfolio. This service provides evaluation and certification in accordance with ETSI EN 303 64 IoT cybersecurity standards.