The advent of new technologies, with stringent environment norms, increasing health safety measures have changed the entire industry viewpoint, with respect to the compliance of standards and regulations. Testing, inspection, and certification (TIC) plays a significant role to ensure the infrastructure, services, products are met with the standards and regulations pertaining to safety and quality. With inspection and testing at regular intervals across a few industries, such as oil and gas becoming mandatory, the TIC services are expected to grow in demand, irrespective of the industrial seasonality. Safety breaches in the recent times, such as Volkswagen’s diesel emissions scandal, Chinese milk scandal (melamine found in infant milk formula), have led to more stringent regulations in developing economies. Such breaches demonstrate the significance of independent inspection and certification services and not only have forced tougher and more complex regulations and standards, but also increased the dependability on third party for assessment, thus providing scope for independent TIC companies.

Security screening has become an essential, in order to avoid unethical practices and maintain security within public spaces. Airports account for a significant share of demand for security screening solutions, and are expected to continue its dominance over the forecast period, owing to the robust rise in the number of airports and consequent air passenger traffic.  Increased air passenger traffic might lead to a rise in threats to passengers because of the higher chances of unacceptable practices and passenger threats.