According to a recent market study published by Growth Market Reports, titled, “Saudi Arabia ISO Certification Market by ISO Standard, by Enterprise Size, and By Industry: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 24,317.1 Thousands in 2022 and is expected to grow at a moderate growth rate of 17.7% by the year 2031.
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The Saudi Arabia ISO Certification market volume is estimated at 5,113 units in 2022 and is projected to reach 12,707 units in 2031 and is expected to grow at a CAGR of 11.0% by the year 2031.
As per Growth Market Reports industry analyst Devashish Roy, “Saudi Arabia ISO Certification Market is anticipated to witness significant growth during the forecast period 2022-2031.
ISO stands for International Organization for Standardization, which is an independent and non-governmental organization that develops and publishes international standards. ISO certification indicates that the company is committed to both quality standards and the quality management systems that are required to meet the standards. A system of voluntary and independent audits helps in obtaining certification. Organizations maintain and raise the quality of their goods and services to obtain this certification. ISO certification does not indicate the quality or beneficial characteristics of an item, which means that companies are ISO certified and not the products. ISO certification indicates a commitment to quality and improved trade practices.
Key factors that are anticipated to fuel the demand for the Saudi Arabia ISO Certification Market during the forecast period are Government Regulations, Standards, and Initiatives, Increasing Customer Demand for Product Differentiation and Customer Loyalty, Growing Emphasis on Quality Management and Standardization Among Various Industries. Conversely, Financial Constraints hamper the market growth of the ISO Certification Market. Integration of Digital Transformation creates opportunities in the market.
Value chain management is an essential part of any business. The value chain of ISO Certification includes all of the processes and activities that occur between the creation of the certification and its delivery and support to end-users. The value chain of the ISO Certification Market includes five main stages such as Gap analysis, Awareness Training, Document Support, Internal Audit & MRM, and Final Audit.
The primary, as well as secondary research methodology, is used for keen observation and study about the 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 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 are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.
COVID-19 has slightly negatively impacted 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:
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In terms of ISO Standard, the ISO Certification Market is segmented into ISO 9001, ISO 14001, ISO 27001, ISO 22000, ISO 13485, ISO 50001, ISO 22301, ISO/IEC 27032, ISO 41001, ISO 45001, ISO 10001/2/3, ISO 28000, and others. The ISO 22301 segment is expected to expand at a significant CAGR during the forecast period, due to the growing adoption of ISO 22301 certification across various industries, including finance, healthcare, manufacturing, and IT services. Organizations are recognizing the need to integrate business continuity management with IT disaster recovery, due to the growing reliance on information technology.
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Based on enterprise size, the Saudi Arabia ISO certification market is segmented into SMEs and large enterprises. The SMEs segment holds significant share of the market during the forecast period. SMEs are crucial to the economy, as they provide employment for a large number of people and foster innovation. The government frequently provides financial incentives, such as preferential tax treatment, easy access to loans, and insurance, to such businesses.
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Based on industry, the Saudi Arabia ISO certification market is segmented into aerospace, chemical & fibers, construction, electrical & electronics, information technology, machinery & equipment, manufacturing, hospitality, oil & gas, retail, transportation & storage, and others. The construction segment is projected to expand at a significant CAGR during the forecast period, due to being highly regulated and a strong emphasis on safety, quality, and environmental sustainability. ISO certifications such as quality management, environmental management, and occupational health and safety provide a framework for organizations to establish robust management systems, ensure compliance with regulations, and mitigate risks.
Report Scope:
Report Metric |
Details |
Market Value in 2022 |
USD 24,317.1 Thousands |
Market Growth Rate (from 2022 to 2031) |
17.7% |
Historical Data |
2016-2021 |
Base Year |
2022 |
Forecast Period |
2023 - 2031 |
Units Considered |
Value (USD Thousand), Volume (Units) |
Market Segments |
By ISO Standard, By Enterprise Size, By Industry and By Region. |
Key Companies Profiled |
Applus+, Bureau Veritas, DNV AS, Intertek Group plc, Lakshy Management Consultant Pvt. Ltd., NSF, OSS Certification, SGS Societe Generale de Surveillance SA, The British Standards Institution, TUV SUD, and Factocert |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Target Audience:
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Supply-side: Aerospace, Chemical & Fibers, Construction, Electrical & Electronics, Information Technology, Machinery & Equipment, Manufacturing, Hospitality, Oil & Gas, Retail, Transportation & Storage, and Others.
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Regulatory Side: Concerned government authorities, and other regulatory bodies.