TIC (Testing, Inspection & Certification): AI Assurance & Certification: why TICs could be early-stage beneficiaries

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TIC (Testing, Inspection & Certification): AI Assurance & Certification: why TICs could be early-stage beneficiaries

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TIC (Testing, Inspection & Certification)

AI Assurance & Certification: why TICs

could be early-stage beneficiaries

Industry Overview

AI Assurance: a meaningful growth opportunity 13 July 2026

One of the emerging, but key investor debates in the TIC space in our view is whether AI Equity

assurance can become a meaningful revenue opportunity for TICs or not. We believe it Europe

can, and we see the opportunity extending beyond certification itself and including Business & Information Services

training, readiness assessments, gap analysis, technical testing, auditing and Virginia Montorsi >>

compliance-related conformity support. We see Certification / Business Assurance (BA) Research Analyst

growing HSD FY26-28E across our TIC names, and we believe that organic revenue MLI44 20(UK)7996 2921

growth could move into double-digit territory by 2030 for the sector as AI regulation virginia.montorsi@bofa.com

shifts from principles to evidence-based compliance. For both BVI and SGS, assuming all

other divisions at flat growth rates in FY29-31, Certification/BA growing DD would

TICs: Testing, Inspection andsupport c6.5% group organic growth in 2030/31, as a conservative scenario.

Certification companies

Market sizing is hard, but could be up to $13bn by 2035 UK DSIT: Department for Science,

Market sizing remains difficult, as available estimates often mix third-party assurance, Innovation and Technology

technical testing, software tools, consulting and in-house assurance activity. We look at

the UK market, however, as a proxy given the UK DSIT provides a useful directional ISO: International Organization for