diff --git a/tests/conditional_compilation/conftest.py b/tests/conditional_compilation/conftest.py
index 6c4202c1e44..0f67798fbfd 100644
--- a/tests/conditional_compilation/conftest.py
+++ b/tests/conditional_compilation/conftest.py
@@ -58,6 +58,11 @@ def pytest_addoption(parser):
         type=Path,
         help="Artifacts directory where tests write output or read input",
     )
+    parser.addoption(
+        "--openvino_ref",
+        type=Path,
+        help="Path to root directory with installed OpenVINO",
+    )
 
 
 def pytest_generate_tests(metafunc):
@@ -103,3 +108,9 @@ def collector_dir(request):
 def artifacts(request):
     """Fixture function for command-line option."""
     return request.config.getoption("artifacts")
+
+
+@pytest.fixture(scope="session")
+def openvino_root_dir(request):
+    """Fixture function for command-line option."""
+    return request.config.getoption("openvino_ref")
diff --git a/tests/conditional_compilation/test_size_tracking.py b/tests/conditional_compilation/test_size_tracking.py
new file mode 100644
index 00000000000..f80a0b49b2d
--- /dev/null
+++ b/tests/conditional_compilation/test_size_tracking.py
@@ -0,0 +1,38 @@
+from pathlib import Path
+import logging
+
+from path_utils import get_lib_path  # pylint: disable=import-error
+
+
+def get_lib_sizes(path, libraries):
+    """Function for getting lib sizes by lib names"""
+    assert Path.exists(path), f'Directory {path} isn\'t created'
+    result = {}
+    error_lib = []
+    for lib in libraries:
+        try:
+            result[lib] = Path(path).joinpath(get_lib_path(lib)).stat().st_size
+        except FileNotFoundError as error:
+            error_lib.append(str(error))
+    assert len(error_lib) == 0, 'Following libraries couldn\'t be found: \n{}'.format('\n'.join(error_lib))
+    return result
+
+
+def test_size_tracking_libs(openvino_root_dir, test_id, model, artifacts):
+    log = logging.getLogger('size_tracking')
+    libraries = ['inference_engine_transformations', 'MKLDNNPlugin', 'ngraph']
+
+    ref_libs_size = get_lib_sizes(openvino_root_dir, libraries)
+    install_prefix = artifacts / test_id / 'install_pkg'
+    lib_sizes = get_lib_sizes(install_prefix, libraries)
+
+    for lib in libraries:
+        lib_size_diff = ref_libs_size[lib] - lib_sizes[lib]
+        lib_size_diff_percent = lib_size_diff / ref_libs_size[lib] * 100
+        log.info('{}: old - {}kB; new - {}kB; diff = {}kB({:.2f}%)'.format(lib,
+                                                                           ref_libs_size[lib] / 1024,
+                                                                           lib_sizes[lib] / 1024,
+                                                                           lib_size_diff / 1024,
+                                                                           lib_size_diff_percent))
+    res = [lib for lib in libraries if lib_sizes[lib] > ref_libs_size[lib]]
+    assert len(res) == 0, f'These libraries: {res} have increased in size!'
diff --git a/tests/lib/path_utils.py b/tests/lib/path_utils.py
index 5d9718996a0..cd86a36d89d 100644
--- a/tests/lib/path_utils.py
+++ b/tests/lib/path_utils.py
@@ -6,6 +6,8 @@
 """
 
 import os
+import sys
+from pathlib import Path
 
 
 def expand_env_vars(obj):
@@ -20,3 +22,29 @@ def expand_env_vars(obj):
     else:
         obj = os.path.expandvars(obj)
     return obj
+
+
+def get_os_name():
+    """Function for getting OS name"""
+    if sys.platform == "win32":
+        os_name = 'Windows'
+    else:
+        os_name = 'Linux'
+    return os_name
+
+
+def get_lib_path(lib_name):
+    """Function for getting absolute path in OpenVINO directory to specific lib"""
+    os_name = get_os_name()
+    all_libs = {
+        'inference_engine_transformations': {
+            'Windows': Path('deployment_tools/inference_engine/bin/intel64/Release/inference_engine_transformations.dll'),
+            'Linux': Path('deployment_tools/inference_engine/lib/intel64/libinference_engine_transformations.so')},
+        'MKLDNNPlugin': {
+            'Windows': Path('deployment_tools/inference_engine/bin/intel64/Release/MKLDNNPlugin.dll'),
+            'Linux': Path('deployment_tools/inference_engine/lib/intel64/libMKLDNNPlugin.so')},
+        'ngraph': {
+            'Windows': Path('deployment_tools/ngraph/lib/ngraph.dll'),
+            'Linux': Path('deployment_tools/ngraph/lib/libngraph.so')}
+                }
+    return all_libs[lib_name][os_name]