Farmington, May 12, 2023 (GLOBE NEWSWIRE) -- The Global ISO Certification Market Was Valued At USD 10.32 billion In 2022 And Is Expected To Expand USD 34 billion By 2030 at a CAGR Of 14.7% From 2022 To 2030.Key factors driving the growth of this market include the Industrialization, economic benefits, and the need to improve the quality of products, processes, and services are driving the diverse expansion of the ISO certification market. In addition, enhanced sources of revenue and accelerating customer adoption and awareness are driving the global ISO certification market forward.
Quality products help businesses not only achieve customer satisfaction and retention, but also reduce the risk and cost of product recalls. By adhering to quality management standards, businesses achieve a competitive advantage. In addition, certifications from reputable and well-known organizations assist these businesses in enhancing their credibility and overall efficacy. Through advertisements and marketing strategies, businesses reassure consumers about the quality of their products. As a consequence, many people opt for branded and certified products.
Request sample copy of report ISO Certification Market Size, Share & Trends Estimation Reports By Type Outlook (ISO 9001:2015,ISO 27001-2013,ISO 22301: 2012,ISO/IEC 27032: 2012,ISO 14001: 2015,ISO Led Auditor Training, Others), By Application Outlook (Information Technology, Metallurgy, Retail, Construction, Machinery and Equipment, Transportation, Storage and Communication, Chemical and Fiber, Aerospace, BPO, Others), By Service Outlook (Product Certification, System Certification), By Region and Forecasts, 2023 - 2030. published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
By product type, the ISO Certification Market is divided into ISO 9001:2015, ISO 27001-2013, ISO 22301: 2012, ISO/IEC 27032: 2012, ISO 14001: 2015, ISO Led Auditor Training, and Others.
Application Outlook:
The market is segmented by industry into aerospace, business process outsourcing (BPO), construction, chemical and fiber, information technology, machinery and equipment, metallurgy, retail, transportation, storage and communication, and other industries.
Service Outlook:
During the forecast period, the Management system certification market for system certification is anticipated to grow at the highest CAGR. Globally, businesses require management systems to assure their success. These systems are essential because they provide the policies and procedures necessary for business organizations to accomplish their objectives while minimizing business risks. Certified management systems ensure that businesses adhere to internationally acknowledged standards.
Regional Analysis:
Asia-Pacific is anticipated to lead the ISO certification market due to its population, industrialists, and manufacturers' increasing demand for standard quality products and services. In addition, the presence of numerous industries and a sizable customer base in the region is expected to stimulate the global ISO certification market. North America and Europe are estimated to be the second-largest market for ISO certification due to their strict policies regarding the delivery of quality products and services in accordance with the standard protocol.
According to the report, North America has primarily dominated the revenue share over the past few years, and this is true for a variety of market segments. Europe is also anticipated to retain a significant share of the worldwide ISO certification market. Due to rising construction volumes, the market is anticipated to experience significant growth in both regions, particularly the United Nations in the former.
It is essential to take into account the specific local factors when analysing the ISO Certification Marketin each region, as market conditions and trends can vary significantly from region to region and even from country to country.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 14.7% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 34 billion |
| By Type |
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| By Application |
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| By Service |
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| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Restraining Factors:
There are a number of challenges that could slow the expansion of the global ISO Certification Market. Among the most important constraints are:
In recent years, high costs, process complexities, a lack of comprehension of ISO requirements, and insufficient technical knowledge of formalized systems have resulted in a negative growth trajectory.
Standards and regulations that differ by country As a result of globalization in commerce, distinct regional regulations and standards are likely to hinder the international acceptance of products. This results in conflicts between local and international standards, which inhibits market expansion. Variations in regulatory standards across geographies also result in disparities in tax rates, resulting in additional expenses for businesses (hiring local personnel to manage tax-related matters, etc.). This may hinder their efficacy. In addition, risks such as product failure and malfunctioning are always present in relation to standardization and the quality of certification services offered by certification companies.
Opportunity Analysis:
A number of promising new avenues for development and expansion exist in the international ISO Certification Market. Consider a few of the most promising prospects:
Growing Awareness With regard to the Product and Service Quality: With the increase in product launches and development of novel technologies, there has been an increase in the production of low-quality products and subpar services that serve a large number of people and have sufficiently large negative effects. Customers are becoming more knowledgeable about the pros and cons of products and services as a result of their increased awareness of the standard quality and safety of products, thereby increasing the demand for standard products that are certified with well-known standards. In addition, organizations and businesses are placing a greater emphasis on standardizing the quality and services of their products, which contributes to the market expansion of ISO certification.
Key Segments Covered:
Top Market Players:
- Bureau Veritas
- DNV GL AS (International Standards Certifications Global FZ)
- SGS
- Lloyd's Register Group Services
- Intertek
- The British Standards Institution
- CERTIFICATION EUROPE
- NQA
- Lakshy Management Consultant
- URS Holdings
- Element Materials Technology
- Mistras Group
- Applus+
- DEKRA
- Eurofins Scientific
By Type
- ISO 9001:2015
- ISO 27001-2013
- ISO 22301: 2012
- ISO/IEC 27032: 2012
- ISO 14001: 2015
- ISO Led Auditor Training
- Others
By Application
- Information Technology
- Metallurgy
- Retail
- Construction
- Machinery and Equipment
- Transportation
- Storage and Communication
- Chemical and Fiber
- Aerospace
- BPO
- Others
By Service
- Product Certification
- System Certification
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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