TIC Market for IT & Telecom Industry Report

2025

2030

Global TIC Market for IT & Telecom Industry – Analysis and Forecast (2025-2030)

Industry Insight by Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Radio Equipment Directive, FCC Testing, IMDA Equipment registration Network, Data Centre, Radio & Wireless Testing, Digital Payments, Radio Frequency Equipment, Specific Absorption Rate (SAR) Testing, Electromagnetic Compatibility (EMC) Testing, Environmental Testing, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

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Industry Overview

The IT & Telecom Industry's Testing, Inspection, And certification (TIC) Market reached USD 4.2 billion in 2030, currently, in year 2023 the market is USD 1.2 billion with a projected CAGR of 3.6% from 2025 to 2030. TIC testing covers products, components, and systems to meet specific requirements. Quality control measures such as inspection and testing play a vital role in cost optimization, productivity enhancement, on-time delivery, and market share, making them essential for manufacturing companies.

TIC Market for IT & Telecom Industry

The telecommunication industry is a wide field that provides transmission of information through radio, telephone, video, or other technical communication systems. It is a rapid-changing industry owing to scientific advancements, introducing new development in technology, resulting in the growth of TIC services in the IT & telecom industry. Globalization will focus on the standardization of products and has provided advanced technologies among various verticals such as IT & telecommunication, electronics, and automotive industries, etc., which will expand the TIC market over the projected period 2023-2030. Furthermore, there is a growth in the middle-class populace, fast urbanization, strict safety regulations, rise in illicit trading of pirated and duplicate products, advancement in networking and communication technology, rising demand of outsourcing testing, inspection, and certification services has driven the demand of the TIC market in the IT & telecommunication industry

The COVID-19 pandemic has reduced the demand and revenue during the initial stages of the COVID-19 period. However, the organizations in the TIC market for IT & telecom industry are focusing on IT infrastructures, innovating technologies to sustain business continuity plans, conduct audits, damage assessments, and certification procedures.

TIC Market for IT & Telecom Industry Segmentation

Insight by Sourcing Type

Based on sourcing type, the TIC market for the IT & telecommunication industry is segregated into in-house and outsourced. In-house holds the largest share in 2022 as in-house testing, inspection, and certification will provide organizations with control over their processes in technology, laboratories, skilled personnel, and testing and measurement equipment.

Insight by Service Type

Based on service type, the TIC market for the IT & telecommunication industry is segmented into testing, inspection, and certification. Testing has its prominence in the TIC market for the IT & telecom industry in 2022 owing to the diverse product standards, regulatory advisory, and testing services according to various directives such as Radio Equipment Directive (RED) 2014/53/EU, GCF, and PTCRB certification for telecommunication equipment. Moreover, the certification market is anticipated to have a high CAGR during the forecast period as there is a need for TL9000 for Telecom Quality Management System, ISO/IEC 27001 for Information Security Management System, ISO50001 for Energy Management System, ISO/IEC 20000-1:2018 for Service Management System, ISO 31000 for Risk Management.

Insight by Industry Vertical

Based on industry vertical, the TIC market for IT & telecommunication industry is divided into Radio Equipment Directive, FCC Testing, IMDA Equipment registration Network, Data Centre, Radio & Wireless Testing, Digital Payments, Radio Frequency Equipment, Specific Absorption Rate (SAR) Testing, Electromagnetic Compatibility (EMC) Testing, Environmental Testing, and others. Radio & wireless testing is anticipated to grow at a significant pace and has to comply with regulatory standards such as IEC 55022 for IT equipment radio distribution characteristics, limits & methods of measurement, IE 003 for IT equipment, etc.

Global TIC Market for IT & Telecom Industry Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2024	U.S.D. 1.2 Billion
Revenue Forecast in 2030	U.S.D. 4.2 Billion
Growth Rate	3.6%
Segments Covered in the Report	By Sourcing Type, By Service Type and By Industry Vertical
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

TIC Market for IT & Telecom Industry Trends

The TIC market for the IT & telecom industry is focused on investment in VR and AR, growing use of connected devices and cloud-based technology, rising mergers and acquisitions by the key market players.

TIC Market for IT & Telecom Industry Growth Drivers

The government's increasing regulations, industry standards, certification requirements, and penalties for non-compliance will drive the demand for the TIC market in the IT & telecommunication industry. Manufacturers' focus on quality products will enhance customer retention and increase the need for interoperability testing for connected devices and IoT. Factors such as globalization, high-speed network growth, mobile technology adoption, cybersecurity, global trade, and emerging digital platforms will further contribute to the growth of the TIC market in the IT & telecommunication industry.

TIC Market for IT & Telecom Industry Challenges

The testing, inspection, and certification market faces obstacles like trade wars, growth fluctuations, need for industrial safety systems, huge cost of TIC owing to varied global standards and regulations. Also, there is a lack of testing laboratories and expert personnel may hamper the growth of the TIC market.

TIC Market for IT & Telecom Industry Opportunities

TIC is a growing market that is providing opportunities in AI, robotics, drones, big data analytics, next-generation automation, and cloud and cybersecurity. Moreover, the need to provide an effective and extensive inspection system will offer opportunities for the growth of the TIC market in the IT & telecommunications industry.

TIC Market for IT & Telecom Industry Geographic Overview

Geographically, Asia Pacific is anticipated to have a high CAGR in the TIC market for IT and telecommunication industry during the forecast period because of increase in investment in research, rapid urbanization & industrialization, high manufacturing capabilities and exports, increasing per capita income among the middle-class populace, growing lifestyles, and rise in consumer awareness about the importance of quality certification, testing, and inspection. Moreover, the developed countries have their manufacturing factories, units, and testing labs in the region, mainly in China and India and they produce product according to internationally accepted standards.

TIC Market for IT & Telecom Industry Competitive Insight

The market players are using their techniques to make improvements in technologies that will enhance their product category and will be a profitable investment. Moreover, it will reduce operational cost, enhance digitalization, and improve their efficiency in offering services. Moreover, the market players in the TIC market are using organic and inorganic strategies such as M&A, product innovation, and geographical expansion to remain competitive in the TIC market for IT & telecom industry.

Lloyd's Register is an international marine shipping classification, compliance, ship design, energy transition advisory and consultancy services provider.

Eurofins Scientific SE is a French group of laboratories headquartered in Luxembourg, providing testing and support services to the pharmaceutical, food, environmental, agriscience and consumer products industries and to governments.

Some of the key players operating in the TIC market in the IT & Telecommunication industry are Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, TUV SUD, The Lloyd Register Group Limited, Element Materials Technology, and Applus+.

Recent Developments by Key Players

TÜV Rheinland has signed a contract for cooperation with Ericsson, the leading provider of mobile communications infrastructure to service providers i.e., Ericsson Device Hub (EDH) ecosystem. Ericsson and TÜV Rheinland will offer manufacturers of radio and telecommunications products all services related to global market launch and can reduce the previous complexity of product launch and marketing on the part of product providers.

TÜV Rheinland (a global leader in independent technical services) has been designated as a Telecom Security Testing Laboratory (TSTL) in India by the National Centre for Communication Security (Department of Telecommunications), Government of India. This accreditation underscores TÜV Rheinland's commitment to ensuring the conformity assessment of security requirements for telecom equipment within the region.

The TIC Market for IT & Telecom Industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

By Sourcing Type
- In-House
- Outsourced
By Service Type
- Testing
- Inspection
- Certification
By Industry Vertical
- Radio Equipment Directive
- FCC Testing
- IMDA Equipment Registration Network
- Data Centre, Radio & Wireless Testing
- Digital Payments
- Radio Frequency Equipment
- Specific Absorption Rate (SAR) Testing
- Electromagnetic Compatibility (EMC) Testing
- Environmental Testing
- Others

Region Covered in the Report

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

TIC Market for IT & Telecom Industry Size

Source: VynZ Research

TIC Market for IT & Telecom Industry Analysis

Source: VynZ Research

1. Research Overview

       1.1.   The Report Offers
       1.2.   Market Coverage
               1.2.1.   By Sourcing Type
               1.2.2.   By Service Type
               1.2.3.   By Industry Vertical
               1.2.4.   By Region
       1.3.   Research Phases
       1.4.   Limitations
       1.5.   Market Methodology
               1.5.1.   Data Sources
                       1.5.1.1. Primary Research
                       1.5.1.2. Secondary Research
               1.5.2.   Methodology
                       1.5.2.1. Data Exploration
                       1.5.2.2. Forecast Parameters
                       1.5.2.3. Data Validation
                       1.5.2.4. Assumptions
               1.5.3.   Study Period & Data Reporting Unit

2. Executive Summary

3. Industry Overview

       3.1.   Industry Dynamics
               3.1.1.   Market Growth Drivers
               3.1.2.   Market Restraints
               3.1.3.   Key Market Trends
               3.1.4.   Major Opportunities
       3.2.   Industry Ecosystem
               3.2.1.   Porter’s Five Forces Analysis
               3.2.2.   Recent Development Analysis
               3.2.3.   Value Chain Analysis
       3.3.   Competitive Insight
               3.3.1.   Competitive Position of Industry Players
               3.3.2.   Market Attractive Analysis
               3.3.3.   Market Share Analysis

4. Global Market Estimate and Forecast

4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030

5. Market Segmentation Estimate and Forecast

       5.1.   By Sourcing Type
               5.1.1.   In-House
                       5.1.1.1. Market Definition
                       5.1.1.2. Market Estimation and Forecast to 2030
               5.1.2.   Outsourced
                       5.1.2.1. Market Definition
                       5.1.2.2. Market Estimation and Forecast to 2030
       5.2.   By Service Type
               5.2.1.   Testing
                       5.2.1.1. Market Definition
                       5.2.1.2. Market Estimation and Forecast to 2030
               5.2.2.   Inspection
                       5.2.2.1. Market Definition
                       5.2.2.2. Market Estimation and Forecast to 2030
               5.2.3.   Certification
                       5.2.3.1. Market Definition
                       5.2.3.2. Market Estimation and Forecast to 2030
       5.3.   By Industry Vertical
               5.3.1.   Radio Equipment Directive
                       5.3.1.2. Market Estimation and Forecast to 2030
               5.3.2. FCC Testing
                       5.3.2.1. Market Definition
                       5.3.2.2. Market Estimation and Forecast to 2030
               5.3.3. IMDA Equipment Registration Network
                       5.3.3.1. Market Definition
                       5.3.3.2. Market Estimation and Forecast to 2030
               5.3.4. Data Centre
                      5.3.4.1. Market Definition
                      5.3.4.2. Market Estimation and Forecast to 2030
               5.3.5. Radio & Wireless Testing
                       5.3.5.1. Market Definition
                       5.3.5.2. Market Estimation and Forecast to 2030
               5.3.6. Digital Payment
                       5.3.6.1. Market Definition
                       5.3.6.2. Market Estimation and Forecast to 2030
               5.3.7. Radio Frequency Equipment
                       5.3.7.1. Market Definition
                       5.3.7.2. Market Estimation and Forecast to 2030
               5.3.8. Specific Absorption Rate (SAR) Testing
                       5.3.8.1. Market Definition
                       5.3.8.2. Market Estimation and Forecast to 2030
               5.3.9. Electromagnetic Compatibility (EMC) Testing
                       5.3.9.1. Market Definition
                       5.3.9.2. Market Estimation and Forecast to 2030
               5.3.10. Environmental Testing
                       5.3.10.1. Market Definition
                       5.3.10.2. Market Estimation and Forecast to 2030
               5.3.11. Others
                       5.3.11.1. Market Definition
                       5.3.11.2. Market Estimation and Forecast to 2030

6.   North America Market Estimate and Forecast

       6.1.   By Sourcing Type
       6.2.   By Service Type
       6.3.   By Industry Vertical
       6.4.   By Country
               6.4.1.   U.S. Market Estimate and Forecast
               6.4.2.   Canada Market Estimate and Forecast
               6.4.3.   Mexico Market Estimate and Forecast

7. Europe Market Estimate and Forecast

       7.1.   By Sourcing Type
       7.2.   By Service Type
       7.3.   By Industry Vertical
       7.4.   By Country
               7.4.1.   Germany Market Estimate and Forecast
               7.4.2.   France Market Estimate and Forecast
               7.4.3.   U.K. Market Estimate and Forecast
               7.4.4.   Italy Market Estimate and Forecast
               7.4.5.   Spain Market Estimate and Forecast
               7.4.6.   Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

       8.1.   By Sourcing Type
       8.2.   By Service Type
       8.3.   By Industry Vertical
       8.4.   By Country
               8.4.1.   China Market Estimate and Forecast
               8.4.2.   Japan Market Estimate and Forecast
               8.4.3.   India Market Estimate and Forecast
               8.4.4.   South Korea Market Estimate and Forecast
               8.4.5.   Singapore Market Estimate and Forecast
               8.4.6.   Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World (RoW) Market Estimate and Forecast

       9.1.   By Sourcing Type
       9.2.   By Service Type
       9.3.   By Industry Vertical
       9.4.   By Country
               9.4.1.   Brazil Market Estimate and Forecast
               9.4.2.   Saudi Arabia Market Estimate and Forecast
               9.4.3.   South Africa Market Estimate and Forecast
               9.4.4.   Other Countries Market Estimate and Forecast

10. Company Profiles

       10.1.   Intertek Group plc
               10.1.1.   Snapshot
               10.1.2.   Overview
               10.1.3.   Offerings
               10.1.4.   Financial Insight
               10.1.5.   Recent Developments
       10.2.   Bureau Veritas
               10.2.1.   Snapshot
               10.2.2.   Overview
               10.2.3.   Offerings
               10.2.4.   Financial Insight
               10.2.5.   Recent Developments
       10.3.   UL LLC
               10.3.1.   Snapshot
               10.3.2.   Overview
               10.3.3.   Offerings
               10.3.4.   Financial Insight
               10.3.5.   Recent Developments
       10.4.   SGS SA
               10.4.1.   Snapshot
               10.4.2.   Overview
               10.4.3.   Offerings
               10.4.4.   Financial Insight
               10.4.5.   Recent Developments
       10.5.   Eurofins Scientific
               10.5.1.   Snapshot
               10.5.2.   Overview
               10.5.3.   Offerings
               10.5.4.   Financial Insight
               10.5.5.   Recent Developments
       10.6.   TUV Rheinland
               10.6.1.   Snapshot
               10.6.2.   Overview
               10.6.3.   Offerings
               10.6.4.   Financial Insight
               10.6.5.   Recent Developments
       10.7.   TUV SUD
               10.7.1.   Snapshot
               10.7.2.   Overview
               10.7.3.   Offerings
               10.7.4.   Financial Insight
               10.7.5.   Recent Developments
       10.8.   The Lloyd Register Group Limited
               10.8.1.   Snapshot
               10.8.2.   Overview
               10.8.3.   Offerings
               10.8.4.   Financial Insight
               10.8.5.   Recent Developments
       10.9.   Applus+
               10.9.1.   Snapshot
               10.9.2.   Overview
               10.9.3.   Offerings
               10.9.4.   Financial Insight
               10.9.5.   Recent Developments
       10.10.   Element Materials Technology
               10.10.1. Snapshot
               10.10.2. Overview
               10.10.3. Offerings
               10.10.4. Financial Insight
               10.10.5. Recent Developments

11. Appendix

11.1. Exchange Rates
11.2. Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 5 Global TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 6 Global TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 7 Global TIC Market for IT & Telecom Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 8 Global TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 9 Global TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 10 Global TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 11 Global TIC Market for IT & Telecom Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 12 North America TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 13 North America TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 14 North America TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 15 North America TIC Market for IT & Telecom Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 16 North America TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 17 North America TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 18 North America TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 19 North America TIC Market for IT & Telecom Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 20 Europe TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 21 Europe TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 22 Europe TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 23 Europe TIC Market for IT & Telecom Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 24 Europe TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 25 Europe TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 26 Europe TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 27 Europe TIC Market for IT & Telecom Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific TIC Market for IT & Telecom Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 36 RoW TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 37 RoW TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 38 RoW TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 39 RoW TIC Market for IT & Telecom Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 40 RoW TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 41 RoW TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 42 RoW TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 43 RoW TIC Market for IT & Telecom Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – Intertek Group plc
Table 45 Snapshot – Bureau Veritas
Table 46 Snapshot – UL LLC
Table 47 Snapshot – SGS SA
Table 48 Snapshot – Eurofins Scientific
Table 49 Snapshot – TUV Rheinland
Table 50 Snapshot – TUV SUD
Table 51 Snapshot – The Lloyd Register Group Limited
Table 52 Snapshot – Applus+
Table 53 Snapshot – Element Materials Technology

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global TIC Market for IT & Telecom Industry - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global TIC Market for IT & Telecom Industry HighlightFigure 12 Global TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 13 Global TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 14 Global TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 15 Global TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America TIC Market for IT & Telecom Industry Highlight
Figure 17 North America TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 18 North America TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 19 North America TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 20 North America TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 21 Europe TIC Market for IT & Telecom Industry Highlight
Figure 22 Europe TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 23 Europe TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 24 Europe TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 25 Europe TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific TIC Market for IT & Telecom Industry Highlight
Figure 27 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 31 RoW TIC Market for IT & Telecom Industry Highlight
Figure 32 RoW TIC Market for IT & Telecom Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 33 RoW TIC Market for IT & Telecom Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 34 RoW TIC Market for IT & Telecom Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 35 RoW TIC Market for IT & Telecom Industry Size, by Region, 2018 - 2030 (USD Billion)

Frequently Asked Questions

What was the value of the TIC market in IT & Telecom industry in 2023?

The testing, inspection, and certification market in the IT & telecom industry was USD 1.2 billion in 2023.

What is the growth rate of the TIC market for IT & telecom products industry?

The growth rate of the TIC market for IT & Telecom industry is 3.6%.

Which region is anticipated to have a high CAGR in the TIC market for IT and telecommunication industry during the forecast period?

Asia-PAcific is anticipated to have a high CAGR in the TIC market for IT and telecommunication industry during the forecast period

What are the strategies followed by the industry players in the TIC market for IT & Telecom Industry?

The market players in the TIC market are using organic and inorganic strategies such as M&A, product innovation, and geographical expansion to remain competitive in the TIC market for IT & telecom industry.

Name some key players operating in the TIC market for IT & Telecom industry.

Some of the key players operating in the TIC market in the IT & Telecommunication industry: Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, TUV SUD, The Lloyd Register Group Limited, Element Materials Technology, and Applus+.

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