Key Insights
The European Testing, Inspection, and Certification (TIC) market is experiencing robust growth, driven by increasing regulatory compliance needs across diverse sectors and a rising focus on product quality and safety. The market's Compound Annual Growth Rate (CAGR) of 6.10% from 2019-2024 indicates a consistent upward trajectory, projected to continue through 2033. Key drivers include stringent government regulations in sectors like automotive, food and agriculture, and pharmaceuticals, demanding rigorous testing and certification processes. Furthermore, the expanding manufacturing and industrial goods sectors, coupled with growing infrastructure development, significantly contribute to the market's expansion. The increasing adoption of advanced technologies such as AI and automation within TIC services further enhances efficiency and accuracy, fueling market growth. Specific segments showing strong performance include outsourced services, particularly testing and inspection, within the automotive, food and agriculture, and consumer goods and retail sectors. Germany, France, and the United Kingdom represent major market hubs, leveraging their established industrial bases and regulatory frameworks.
However, the market faces certain restraints. Economic fluctuations and global uncertainties could impact investment decisions and the demand for TIC services. Competition among established players and emerging smaller firms also creates a dynamic landscape requiring continuous innovation and adaptation for sustained success. Nevertheless, the long-term outlook remains positive, fueled by ongoing industrial growth, evolving regulatory landscapes, and a growing emphasis on product quality assurance across Europe. The increasing demand for sustainable practices is also likely to fuel the demand for specific certifications and inspections, representing a new growth opportunity within the TIC industry. This strong foundation suggests that the European TIC market will continue to expand in the coming years, benefiting from various market drivers and adapting to overcome existing challenges.

Europe TIC Market: A Comprehensive Market Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Europe TIC (Testing, Inspection, and Certification) market, covering its current state, future trends, and key players. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. This report is invaluable for industry professionals, investors, and strategists seeking to understand and navigate this dynamic market. The total market size in 2025 is estimated at xx Million units.
Europe TIC Market Market Dynamics & Structure
The European TIC market is characterized by a moderately consolidated landscape, with several large multinational corporations and a number of smaller, specialized firms vying for market share. Market concentration is influenced by factors such as technological advancements, regulatory compliance, and the increasing demand for specialized services across diverse end-user verticals.
Market Structure:
- High concentration: Top 10 players hold approximately xx% market share (2025).
- Fragmented sub-segments: Intense competition exists within specialized niche areas.
- Geographic dispersion: Market leadership varies across countries.
Technological Innovation:
- AI and automation are driving efficiency gains and expanding service offerings.
- Digitalization and remote inspection technologies are reshaping service delivery models.
- Innovation in testing methodologies is essential for meeting evolving regulatory demands and industry standards.
Regulatory Frameworks:
- Stringent EU regulations (e.g., REACH, RoHS) drive demand for compliance-related services.
- Harmonization efforts across member states impact market access and competitiveness.
- Ongoing regulatory updates create opportunities and challenges for TIC providers.
Competitive Product Substitutes:
- Limited direct substitutes exist, but cost-cutting measures by some end-users could negatively impact market growth.
- Internalization of some testing functions by larger organizations poses a partial challenge to outsourced TIC services.
- The emergence of innovative technology-based testing solutions might influence the market in the long run.
End-User Demographics:
- Growth is driven by the increasing complexity of products and the demand for robust quality assurance.
- Diversification across various end-user sectors mitigates risk and fosters stable growth.
- The specific needs and regulations of each end-user vertical shape the market dynamics.
M&A Trends:
- Strategic acquisitions are common, with xx major M&A deals occurring between 2019 and 2024.
- Consolidation is expected to accelerate as larger firms seek to expand their service portfolio and geographic reach.
- The average deal size over the period was xx Million units.
Europe TIC Market Growth Trends & Insights
The European TIC market has experienced consistent growth over the past five years (2019-2024), with a CAGR of xx%. This growth is attributable to several factors, including increasing regulatory scrutiny, globalization of supply chains, and growing consumer awareness of product quality and safety. Technological disruptions, such as the adoption of artificial intelligence and automation in testing processes, have further fueled market expansion. Consumer behavior shifts towards increased demand for sustainable and ethically sourced products have also impacted the market, leading to a greater focus on certifications related to sustainability and social responsibility. The market is projected to continue its growth trajectory throughout the forecast period (2025-2033), reaching xx Million units by 2033, with a projected CAGR of xx%. Market penetration is expected to increase steadily, especially in emerging sectors like renewable energy and life sciences.

Dominant Regions, Countries, or Segments in Europe TIC Market
Germany, the United Kingdom, and France are the leading markets within Europe, collectively accounting for approximately xx% of the total market value in 2025. The outsourced sourcing type segment dominates the market, driven by cost optimization strategies of businesses. Within service types, testing and inspection services hold the largest market share due to the diverse applications and regulatory demands across industries. The leading end-user verticals are automotive, food and agriculture, and manufacturing and industrial goods.
Key Drivers:
Germany: Strong industrial base, rigorous regulatory framework, and advanced technological infrastructure contribute to high demand.
United Kingdom: Robust manufacturing sector, strategic location, and a focus on product compliance fuel growth.
France: Developed automotive industry and robust regulatory standards drive significant market share.
Outsourced Sourcing Type: Cost-effectiveness, access to specialized expertise, and increased efficiency are key drivers.
Testing and Inspection: Stringent quality control needs and regulatory compliance across diverse industries maintain high demand.
Automotive: Strict safety and emission standards drive consistent demand for testing and certification services.
Food & Agriculture: Growing consumer awareness of food safety and traceability fuels demand for rigorous testing and certification.
Manufacturing & Industrial Goods: Complex supply chains, evolving product standards, and a focus on quality control propel market growth.
Growth Potential:
- Expansion of renewable energy and life science sectors presents significant opportunities.
- Growing adoption of digital technologies creates new avenues for service delivery and innovation.
- Government initiatives to improve infrastructure and boost industrial output will positively influence market dynamics.
Europe TIC Market Product Landscape
The TIC market offers a diverse range of services tailored to specific industry needs, encompassing testing, inspection, and certification across various sectors. Product innovation focuses on enhancing efficiency, accuracy, and speed through technological advancements like automation, AI-powered analytics, and remote inspection technologies. These innovations improve service delivery and provide greater transparency and traceability throughout the supply chain, enhancing overall quality control. The market also reflects a growing focus on specialized niche services, catering to the unique requirements of specific industries and regulatory environments.
Key Drivers, Barriers & Challenges in Europe TIC Market
Key Drivers:
- Stricter regulations regarding product safety and environmental impact drive demand for compliance-related services.
- Globalization of supply chains requires rigorous quality control and verification across international borders.
- Technological advancements offer opportunities for efficiency improvements and innovative service offerings.
Challenges and Restraints:
- Competition from low-cost providers in emerging economies presents a price pressure challenge impacting profit margins for some European TIC firms. (estimated impact: xx% reduction in profit margins for some firms by 2028).
- Regulatory complexities and evolving standards require continuous adaptation and investment by service providers.
- Supply chain disruptions can impact the availability of testing materials and equipment.
Emerging Opportunities in Europe TIC Market
- Growing demand for sustainable and ethical sourcing in diverse industries presents new certification opportunities.
- Expansion into emerging technologies like blockchain offers enhanced traceability and transparency in supply chains.
- The increasing adoption of digital technologies opens up opportunities for remote inspections and data-driven analysis.
Growth Accelerators in the Europe TIC Market Industry
Technological breakthroughs, such as AI-powered inspection and data analytics, are significantly accelerating growth. Strategic partnerships between TIC providers and technology firms enhance service capabilities. Expanding into emerging sectors such as renewable energy and life sciences creates significant market expansion opportunities.
Key Players Shaping the Europe TIC Market Market
- Quality Analysis Gmb
- Intertek Group
- Vinçotte International SA
- DNV GL
- Société Générale de Surveillance SA (SGS SA)
- Applus Services SA
- TÜV NORD Group
- A/S Baltic Control Ltd Aarhus
- RTM BREDA SRL
- TÜV SÜD Limited
- LabAnalysis SRL
- CIS Commodity Inspection Services BV
- TÜV Rheinland Group
- VIC Inspection Services Holding Ltd
- DEKRA SA
- UL LLC
- Kiwa NV
- ALS Limited
- AQM SRL
- Bureau Veritas SA
- Element Materials Technology
- Eurofins Scientific SE
- ATG Technology Group
Notable Milestones in Europe TIC Market Sector
- June 2023: NMi and CCIC Europe partner to offer testing, inspection, and certification services to manufacturers in China.
- October 2022: TÜV NORD invests in Global Surface Intelligence, combining AI-based image analysis with certification services.
- January 2022: SGS collaborates with Microsoft to develop innovative solutions for the TIC industry.
In-Depth Europe TIC Market Market Outlook
The future of the European TIC market is bright, driven by ongoing technological advancements, increasing regulatory requirements, and the growing need for quality assurance across various sectors. Strategic partnerships and expansion into new markets will fuel further growth. The market is poised for significant expansion, with continued consolidation amongst key players and a growing focus on digitalization and sustainability. The long-term outlook remains positive, with projections indicating robust growth and significant opportunities for innovation and market expansion.
Europe TIC Market Segmentation
-
1. Sourcing Type
-
1.1. Outsourced
-
1.1.1. Type of Service
- 1.1.1.1. Testing and Inspection
- 1.1.1.2. Certification
-
1.1.1. Type of Service
- 1.2. In-house/Government
-
1.1. Outsourced
-
2. End User Vertical
- 2.1. Consumer Good and Retail
- 2.2. Automotive
- 2.3. Food and Agriculture
- 2.4. Manufacturing and Industrial Goods
- 2.5. Energy and Utilities
- 2.6. Oil & Gas and Chemicals
- 2.7. Construction
- 2.8. Transport, Aerospace, and Rail
- 2.9. Life Sciences
- 2.10. Marine & Mining
- 2.11. Other End User Verticals
Europe TIC Market Segmentation By Geography
-
1. Europe
- 1.1. United Kingdom
- 1.2. Germany
- 1.3. France
- 1.4. Italy
- 1.5. Spain
- 1.6. Netherlands
- 1.7. Belgium
- 1.8. Sweden
- 1.9. Norway
- 1.10. Poland
- 1.11. Denmark

Europe TIC Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.10% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Trading Across Borders and Stringent Regulations; Technological Evolution; Mass Customization and Shorter Product Life Cycles
- 3.3. Market Restrains
- 3.3.1. Increase in Lead Times For Assessment Programs Due to the Growing Complexity of the Supply Chain
- 3.4. Market Trends
- 3.4.1. Consumer Goods and Retail Segment is Expected to Hold Significant Market Share
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Sourcing Type
- 5.1.1. Outsourced
- 5.1.1.1. Type of Service
- 5.1.1.1.1. Testing and Inspection
- 5.1.1.1.2. Certification
- 5.1.1.1. Type of Service
- 5.1.2. In-house/Government
- 5.1.1. Outsourced
- 5.2. Market Analysis, Insights and Forecast - by End User Vertical
- 5.2.1. Consumer Good and Retail
- 5.2.2. Automotive
- 5.2.3. Food and Agriculture
- 5.2.4. Manufacturing and Industrial Goods
- 5.2.5. Energy and Utilities
- 5.2.6. Oil & Gas and Chemicals
- 5.2.7. Construction
- 5.2.8. Transport, Aerospace, and Rail
- 5.2.9. Life Sciences
- 5.2.10. Marine & Mining
- 5.2.11. Other End User Verticals
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Europe
- 5.1. Market Analysis, Insights and Forecast - by Sourcing Type
- 6. Germany Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 7. France Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 8. Italy Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 9. United Kingdom Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 10. Netherlands Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 11. Sweden Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of Europe Europe TIC Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 Quality Analysis Gmb
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Intertek Group
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 Vinçotte International SA
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 DNV GL
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Société Générale de Surveillance SA (SGS SA)
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Applus Services SA
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 TÜV NORD Group
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 A/S Baltic Control Ltd Aarhus
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 RTM BREDA SRL
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 TÜV SÜD Limited
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.11 LabAnalysis SRL
- 13.2.11.1. Overview
- 13.2.11.2. Products
- 13.2.11.3. SWOT Analysis
- 13.2.11.4. Recent Developments
- 13.2.11.5. Financials (Based on Availability)
- 13.2.12 CIS Commodity Inspection Services BV
- 13.2.12.1. Overview
- 13.2.12.2. Products
- 13.2.12.3. SWOT Analysis
- 13.2.12.4. Recent Developments
- 13.2.12.5. Financials (Based on Availability)
- 13.2.13 TÜV Rheinland Group
- 13.2.13.1. Overview
- 13.2.13.2. Products
- 13.2.13.3. SWOT Analysis
- 13.2.13.4. Recent Developments
- 13.2.13.5. Financials (Based on Availability)
- 13.2.14 VIC Inspection Services Holding Ltd
- 13.2.14.1. Overview
- 13.2.14.2. Products
- 13.2.14.3. SWOT Analysis
- 13.2.14.4. Recent Developments
- 13.2.14.5. Financials (Based on Availability)
- 13.2.15 DEKRA SA
- 13.2.15.1. Overview
- 13.2.15.2. Products
- 13.2.15.3. SWOT Analysis
- 13.2.15.4. Recent Developments
- 13.2.15.5. Financials (Based on Availability)
- 13.2.16 UL LLC
- 13.2.16.1. Overview
- 13.2.16.2. Products
- 13.2.16.3. SWOT Analysis
- 13.2.16.4. Recent Developments
- 13.2.16.5. Financials (Based on Availability)
- 13.2.17 Kiwa NV
- 13.2.17.1. Overview
- 13.2.17.2. Products
- 13.2.17.3. SWOT Analysis
- 13.2.17.4. Recent Developments
- 13.2.17.5. Financials (Based on Availability)
- 13.2.18 ALS Limited
- 13.2.18.1. Overview
- 13.2.18.2. Products
- 13.2.18.3. SWOT Analysis
- 13.2.18.4. Recent Developments
- 13.2.18.5. Financials (Based on Availability)
- 13.2.19 AQM SRL
- 13.2.19.1. Overview
- 13.2.19.2. Products
- 13.2.19.3. SWOT Analysis
- 13.2.19.4. Recent Developments
- 13.2.19.5. Financials (Based on Availability)
- 13.2.20 Bureau Veritas SA
- 13.2.20.1. Overview
- 13.2.20.2. Products
- 13.2.20.3. SWOT Analysis
- 13.2.20.4. Recent Developments
- 13.2.20.5. Financials (Based on Availability)
- 13.2.21 Element Materials Technology
- 13.2.21.1. Overview
- 13.2.21.2. Products
- 13.2.21.3. SWOT Analysis
- 13.2.21.4. Recent Developments
- 13.2.21.5. Financials (Based on Availability)
- 13.2.22 Eurofins Scientific SE
- 13.2.22.1. Overview
- 13.2.22.2. Products
- 13.2.22.3. SWOT Analysis
- 13.2.22.4. Recent Developments
- 13.2.22.5. Financials (Based on Availability)
- 13.2.23 ATG Technology Group
- 13.2.23.1. Overview
- 13.2.23.2. Products
- 13.2.23.3. SWOT Analysis
- 13.2.23.4. Recent Developments
- 13.2.23.5. Financials (Based on Availability)
- 13.2.1 Quality Analysis Gmb
List of Figures
- Figure 1: Europe TIC Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe TIC Market Share (%) by Company 2024
List of Tables
- Table 1: Europe TIC Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe TIC Market Revenue Million Forecast, by Sourcing Type 2019 & 2032
- Table 3: Europe TIC Market Revenue Million Forecast, by End User Vertical 2019 & 2032
- Table 4: Europe TIC Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Europe TIC Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Germany Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: France Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Italy Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: United Kingdom Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Netherlands Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Sweden Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Europe Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Europe TIC Market Revenue Million Forecast, by Sourcing Type 2019 & 2032
- Table 14: Europe TIC Market Revenue Million Forecast, by End User Vertical 2019 & 2032
- Table 15: Europe TIC Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: United Kingdom Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 17: Germany Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: France Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Italy Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Spain Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Netherlands Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Belgium Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Sweden Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Norway Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Poland Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Denmark Europe TIC Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe TIC Market?
The projected CAGR is approximately 6.10%.
2. Which companies are prominent players in the Europe TIC Market?
Key companies in the market include Quality Analysis Gmb, Intertek Group, Vinçotte International SA, DNV GL, Société Générale de Surveillance SA (SGS SA), Applus Services SA, TÜV NORD Group, A/S Baltic Control Ltd Aarhus, RTM BREDA SRL, TÜV SÜD Limited, LabAnalysis SRL, CIS Commodity Inspection Services BV, TÜV Rheinland Group, VIC Inspection Services Holding Ltd, DEKRA SA, UL LLC, Kiwa NV, ALS Limited, AQM SRL, Bureau Veritas SA, Element Materials Technology, Eurofins Scientific SE, ATG Technology Group.
3. What are the main segments of the Europe TIC Market?
The market segments include Sourcing Type, End User Vertical.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Trading Across Borders and Stringent Regulations; Technological Evolution; Mass Customization and Shorter Product Life Cycles.
6. What are the notable trends driving market growth?
Consumer Goods and Retail Segment is Expected to Hold Significant Market Share.
7. Are there any restraints impacting market growth?
Increase in Lead Times For Assessment Programs Due to the Growing Complexity of the Supply Chain.
8. Can you provide examples of recent developments in the market?
June 2023 - NMi, one of the market leaders in the certification of measuring and metering technologies, and CCIC Europe (CCIC EU), the regional company of the China Inspection & Certification Group, have announced a partnership to provide testing, inspection, and certification services to manufacturers in the People’s Republic of China (PRC).
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe TIC Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe TIC Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe TIC Market?
To stay informed about further developments, trends, and reports in the Europe TIC Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence