Global TIC Market for Government & Public Sector Industry is Anticipated to grow at a Significant Pace and was USD 4.2 in 2020

Published Date: Oct, 2021

The global TIC market for government & public sector is anticipated to grow at a CAGR of 2.2% during the forecast period 2021-2027.TIC services offer improvement in the manufacturing process help improve the standards of the manufacturing process by complying with the regulations globally via testing, inspections, and certifications. TIC services will ensure safety, quality, and cost-effectiveness in public sector services and infrastructure. Furthermore, stringent and compulsory safety regulations, development in networking and communication technology, digitalization, need to create brand image, less turnover of employees, and rapid improvement of various processes will fuel the growth of TIC in the government & public sector industry. Protection from critical risks like supply chain terrorism, cargo disruption, smuggling, and counterfeit production is significant for the government so TIC plays an important role in identifying, analyzing, and manage global supply chain operations and risks.

The COVID-19 outbreak has allowed the government & public sector to be flexible about remote collaboration, embrace authenticity, and have entered into digital platforms.

Intertek, a leading Total Quality Assurance provider to industries worldwide has been awarded a contract by the Ministry of Industry, Trade, Green and Digital Economy (MICEVN) of Morocco to provide support to the Verification of Conformity Programme (VoC) for exports.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " TIC Market for Government & Public Sector Industry by Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Government (Customs Services, Import & Export) And Public Sector (Border Control, E-Government, Quality, Health, Safety and Environment (QHSE), and Road Safety & Vehicle Management)), and Region - Global Forecast to 2027"

By industry vertical, the border control segment is projected to witness significant growth in the TIC market for Government & Public Sector during the forecast period.

Based on industry vertical, the TIC market for the government and public sector is divided into government (customs services, import & export) and public sector (border control, E-government, quality, health, safety and environment (QHSE), Road Safety & Vehicle Management). TIC plays an important role in the border control segment there is a need to install scanners globally and trained personnel to operate them effectively and efficiently. Moreover, there is a need to have risk profiling and management at ports, airports, and land borders. So, there is a need for TIC services to assess the quality and conduct audits and certifications against a wide range of internationally recognized systems.

Global TIC Market for Government & Public Sector Industry Segmentation Analysis

Segment

Categorization

Leading Category

Sourcing Type

In-House and Outsourced

Outsourced (Fastest)

Service Type

Testing, Inspection, and Certification

Testing (Fastest) Certification (Largest)

Industry Vertical

Government (Customs Services, Import & Export) And Public Sector (Border Control, E-Government, Quality, Health, Safety and Environment (QHSE), and Road Safety & Vehicle Management)

Road Safety & Vehicle Management

(High CAGR)

Border Control (Significant Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific

(High CAGR)

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“APAC is anticipated to witness the fastest growth during the forecast period in the TIC market for Government & Public Sector industry.”

APAC is anticipated to have the fastest-growing TIC market in government & public sector industry during the forecast period due to rapid urbanization, globalization, and industrialization in countries like China, India, Japan, etc. Furthermore, the strong presence of industry players in the TIC services will bolster the growth of the TIC market for the government & public sector industry.

Some of the key players operating in the TIC market in the Government & Public Sector: Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, The British Standards Institution, Element Materials Technology, Sai Global Pty Limited, Applus+, and DNV GL.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Sourcing Type, Service Type, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, The British Standards Institution, Element Materials Technology, Sai Global Pty Limited, Applus+, and DNV GL

Global TIC Market for Government & Public Sector- Market Coverage

Sourcing Type Insight and Forecast 2015-2027

  • In-House
  • Outsourced

Service Type Insight and Forecast 2015-2027

  • Testing
  • Inspection
  • Certification

Industry Vertical Insight and Forecast 2015-2027

  • Government
    • Customs Services
    • Import & Export
  • Public Sector
    • Border Control
    • E-Government
    • Quality, Health, Safety and Environment (QHSE)
    • Road Safety & Vehicle Management

Geographical Segmentation

TIC Market for Government & Public Sector by Region

North America

  • By Sourcing Type
  • By Service Type
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Sourcing Type
  • By Service Type
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Sourcing Type
  • By Service Type
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Sourcing Type
  • By Service Type
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

 

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Global TIC Market for Government & Public Sector Industry is Anticipated to grow at a Significant Pace and was USD 4.2 in 2020