According to a recent market study published by Growth Market Reports, titled, “Global ISO Certification Market” by Type, by Application, and by region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 13,517.6 Million in 2022 and is expected to grow at a growth rate of 14.6% by the year 2031.

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As per Growth Market Reports industry analyst Divjot Singh, “Global ISO Certification Market” is anticipated to witness significant growth during the forecast period 2023-2031.

ISO Certifications are globally recognized standards that define criteria for various management systems, processes, and practices across various industries and sectors. These certification bodies play a crucial role in determining whether an organization meets the requirements of a particular ISO standard and granting certification accordingly. Organizations maintain and raise the quality of their goods and services to obtain this certification.

ISO certification does not characterize the real quality of an item or benefit, which means that companies are ISO Certified and not the products. ISO certification implies a commitment to quality and improved trade practices. Organizations advantage from a commitment to ISO measures.

The value chain system is defined as a sequence of interconnected activities and procedures undertaken by a company to create, produce, and distribute a product or service to its clients. ISO certification is a multi-step process that generally takes a minimum of six months to a year from implementation to registration. This certification requires businesses to institute specific procedures and processes per the standard they choose as well as allow certain said systems to be established and operational for a set amount of time.

The primary as well as secondary research methodology is used for keen observation and study of the Global ISO Certification Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has slightly negativ impact the market due to the decrease in demand of ISO Certification from end use industry. The outbreak of COVID-19 significantly affected many industries, including automotive, electronics, and others. Business and manufacturing units across various countries were closed, owing to an increase in the number of COVID-19 cases.

Key Takeaways from the Study

  • The players include Bureau Veritas, Certification Europe, DNV AS, Intertek Group plc, Lakshy Management Consultant Pvt Ltd, Lloyd's Register Group Services Limited, NQA, SGS Société Générale de Surveillance SA, The British Standards Institution, and URS Holdings.

  • Based on type the Global ISO Certification Market is segmented into ISO 9001, ISO 14001, ISO 27001, ISO 22000, ISO 13485, ISO 50001, ISO 22301, Others. The ISO 22301 segment is expected to grow at a rapid pace during the forecast period, due to the adoption of ISO 22301 certification that is growing across various industries, including finance, healthcare, manufacturing, and IT services. With the growing reliance on information technology, organizations are recognizing the need to integrate business continuity management with IT disaster recovery.

  • Based on application, the ISO Certification Market is segmented into Aerospace, Chemical and Fibers, Construction, Electrical and Electronics, Information Technology, Machinery and Equipment, Metallurgy, Retail, Transportation and Storage, and Others. The ISO certification market in the electrical and electronics segment is expected to expand at a significant CAGR due to the growing need for high product quality, safety, and regulatory compliance in electrical and electronics products. ISO certifications such as Quality Management, Environmental Management, and Information Security Management provide organizations with a framework to ensure consistent product quality, environmental sustainability, and data security.

  • Asia Pacific is expected to dominate the market during the forecast period. The Asia-Pacific region experiences rising consumer expectations and stricter regulatory requirements, ISO certifications related to environmental management, social responsibility, and information security are gaining importance.

Report Scope

Report Metric

Details

Market Value in 2022

USD 13,517.6 Million

Market Growth Rate

14.6%

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

By Type, By Application

Key Companies Profiled

Bureau Veritas, Certification Europe, DNV AS, Intertek Group plc, Lakshy Management Consultant Pvt Ltd, Lloyd's Register Group Services Limited, NQA, SGS Société Générale de Surveillance SA, The British Standards Institution, and URS Holdings.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Demand Side: Aerospace, Chemical and Fibers, Construction, Electrical and Electronics,Information Technology, Machinery and Equipment, Metallurgy, Retail, Transportation and Storage.

  • Regulatory Side: Concerned government authorities, and other regulatory bodies.