TICC sector perspectives to navigate a pandemic
Operational and financial solutions to emerge stronger from the crisis
Donnerstag, 14. Mai 2020Bericht
The Testing, Inspection, Certification, and Compliance (TICC) sector has demonstrated a unique relationship with the Covid-19 pandemic – simultaneously impacted by its effects and one of the key industries helping both the public and private sector to fight back.
We have collaborated with Houlihan Lokey to share strategic insights on the impacts and resulting opportunities created by this global market dislocation.
In this report we explore how different end markets and TICC propositions are being impacted in terms of both demand and their ability to deliver, how players today can navigate these impacts and support customers and governments to deal with the fightback, and what the opportunities will be in future to emerge stronger from the crisis and help create the new normal for TICC customers.
If you’d like to talk through our findings or are looking for more information then please contact:
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Tic-tock
Testing, Inspection and Certification (TIC) services has been a highly attractive market on the agenda of major investors across the globe. However, growth rates have declined significantly since 2012, with average growth of 11-16%pa dropping down to just 6% in 2014
Testing Times - TIC 101 Index 2017
In our last review of the TIC sector (which we called TIC-TOCK), we identified several emerging trends, such as the superiority of focus over pure scale and the changing basis of competition, with implications for both organic growth and M&A priorities