Segments - ISO Certification Market by Type (ISO 9001, ISO 14001, ISO 27001, ISO 22000, ISO 13485, ISO 50001, ISO 22301, Others), by Application (Aerospace, Chemical and Fibers, Construction, Electrical and Electronics, Information Technology, Machinery and Equipment, Metallurgy, Retail, Transportation and Storage, Others) and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Global ISO Certification Market was valued at USD 13,517.6 million in 2022 and is projected to reach USD 43,801.4 million by 2031, expanding at a CAGR of 14.6% during the forecast period.
ISO certification refers to the process, by which an organization obtains formal recognition that its management systems comply with the requirement of a specific ISO standard. ISO stands for International Organization for Standardization, which is an independent and non-governmental organization that develops and publishes international standards.
ISO certification recognizes 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 and keeping certification. Organizations maintain and raise the quality of their goods and services to obtain this certification.
Economic growth is an increase in the production of economic goods and services in one period of time compared with a previous period. It can be measured in nominal or real terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used for measuring the economic growth. Gross domestic product (GDP) is a widely used indicator that measures the total value of all goods and services products within a country over a specific period, typically a year or a quarter. The global GDP is USD 101.6 Trillion in 2022. Economic growth plays a significant role in the demand for ISO certification services during the period of economic expansion, business tend to invest in improvising their processes, quality standards, and sustainability practices. This leads to increased demand for ISO certification to demonstrate compliance and enhance competitiveness.
The regulatory landscape is a crucial driver for the Testing, Inspection, and Certification (TIC) industry. Government and regulatory bodies establish and enforce regulations to protect consumer safety, ensure product quality, and meet environmental standards. Changes in regulations, introduction of new standards and increased focus on compliance can lead to an increased demand for TIC services.
The growth of international trade and globalization has increased the need for standardized quality and environmental management system. ISO certifications are often sought by business to demonstrate their commitments to international standards and enhance their credibility in global market. Trade agreements and regional integration initiatives can impact the ISO certification market, especially for organization involved in international trade. These agreements often include provisions related to compliance with international standards prompting business to obtain ISO certifications to facilitate trade and meet market requirements.
The construction industry is experiencing significant growth, with notable increase in construction-related activities in regions such as the US, India, and China. This surge in construction leads to a growing demand for ISO certification within the construction industry. In the US, the construction industry is a major contributor to its economy. The industry has more than 753,000 employers with over 7.8 million employees, and creates nearly USD 1.8 trillion worth of structures each year in the US. ISO certification ensures that these construction projects adhere to international standards of quality, safety, and sustainability. The expanding economies of countries such as the US, India, and China have resulted in increased infrastructure development and urbanization. These nations are investing heavily in the construction of residential, commercial, and industrial buildings to meet the demands of their growing population. Therefore, construction-related activities are growing in these countries, which leads to a high need for ISO certification to maintain quality and safety standards. Moreover, large-scale infrastructure development projects, including roads, bridges, railways, airports, and energy facilities, are on the rise globally, as governments and private entities are investing in such projects to enhance connectivity, facilitate trade, and support economic growth.
The ISO certification market is witnessing substantial growth, which is primarily driven by the increasing investment in research and development (R&D) activities globally. Governments, organizations, and industries across various sectors are recognizing the importance of ISO certification to ensure quality, innovation, and compliance with international standards. Companies are investing significant resources in R&D to develop new products, technologies, and processes that help them with a competitive edge. ISO certification, such as ISO 9001 for quality management and ISO 13485 for medical devices, helps organizations establish robust R&D management systems. Companies demonstrate their commitment to innovation, by obtaining ISO certification and by continuous improvement & technological advancement. There are several industries that have R&D as their core business function such as healthcare, manufacturing, aerospace, automotive, and electronics, which need to comply with stringent regulations and industry standards. ISO certification provides a framework for these companies involved in R&D activities to seek ISO certification to ensure their processes, documentation, and quality control measures align with internationally recognized standards. ISO certification enables organizations to streamline their R&D operations as well as demonstrate compliance to regulatory bodies and customers. ISO certification is globally recognized and accepted, serving as an access for organizations to international markets. Companies investing in R&D leverage ISO certification to enhance credibility and gain a competitive advantage when expanding into new geographical regions. ISO-certified organizations are perceived as reliable and capable of delivering high-quality products or services, which opens doors to new business opportunities and partnerships. R&D activities often involve inherent risks, including intellectual property protection, data security, and product safety. ISO certification provides guidelines for effective risk management and quality assurance in R&D processes. Organizations can mitigate risks, ensure data integrity, and maintain the confidentiality of sensitive information by implementing ISO standards.
High cost of ISO certification, including consulting fees, auditing expenses, lead auditor training fees, documentation costs, and system upgrades, presents a significant barrier to the growth of the ISO certification market. The financial implications associated with ISO certification deter organizations, particularly SMEs and those with limited resources, from pursuing certification. Streamlining certification processes, reducing associated costs, providing financial assistance or incentives for organizations seeking ISO certification, and promoting cost-effective alternatives such as group certification or industry-specific certification programs address the issue of high cost. Additionally, lead auditor training programs are available to ensure the credibility and competence of ISO certification auditors. However, these training programs often come with high fees. Organizations that wish to have in-house lead auditors for ISO certification need to invest substantial resources in training their employees or hiring qualified professionals. The cost of lead auditor training is expected to be a deterrent for organizations considering ISO certification, particularly if these organizations have limited financial resources or a small-scale operation. ISO certification requires organizations to develop and maintain extensive documentation, including quality manuals, procedures, work instructions, and records. Creating, implementing, and managing such documentation is a time-consuming and resource-intensive process, and organizations need to allocate additional funds to hire personnel or invest in document management systems to meet the documentation requirements. The associated costs of documentation and implementation further contribute to the overall high cost of ISO certification. Moreover, ISO certification require organizations to make certain system upgrades or investments to comply with ISO standards. For example, organizations need to invest in new technology, equipment, or infrastructure to meet specific requirements outlined in the ISO standards. These additional costs can be substantial and act as a restraint for organizations, especially those with limited financial capabilities, to pursue ISO certification.
The ISO certification market has seen significant changes in terms of revenue shift from developed to developing economies. Economies, such as Bangladesh and Nepal, are focusing on improving their certification services for sectors such as medical and life sciences to test and operate medical devices safely while treating patients. Governments in economies such as China, South Korea, and Japan have shifted from physical platforms to digital platforms to enable improvements in core structures and public services. For instance, Entrust Security has started offering digital certification services to meet a full range of enterprise requirements with unique features, including strong encryption and browser trust. Its certification provides enhanced security and ensures compliance with regulations, such as ISO 9000 and ISO 9001.
Many players offering certification across the globe continue to provide traditional analog services. Although improved digitalized services create new market opportunities, some services, such as food and beverage product certification, are still provided using the traditional market approach. Key players in the ISO certification industry provide a wide range of services, including digital audits, remote audits, online sampling, and recertification. For Instance, TÜV SÜD, launched a comprehensive portfolio of virtual certification services in the midst of the pandemic to meet the changing needs of businesses by combining digital, real-time, and remote capabilities. The company provides alternatives to in-person services without sacrificing integrity or service quality.
The report on the Global ISO Certification Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
ISO Certification Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016-2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Type (ISO 9001, ISO 14001, ISO 27001, ISO 22000, ISO 13485, ISO 50001, ISO 22301, Others), By Application (Aerospace, Chemical and Fibres, Construction, Electrical and Electronics, Information Technology, Machinery and Equipment, Metallurgy, Retail, Transportation and Storage, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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. |
The Global ISO Certification Market is segmented on the basis of by Type, and by Application.
Based on type, the Global ISO Certification Market is divided into ISO 9001, ISO 14001, ISO 27001, ISO 22000, ISO 13485, ISO 50001, ISO 22301, Others. The ISO 9001 segment is expected to hold a significant share of the market. The growth of this segment is attributed to the increasing focus on adopting a risk-based approach in quality management systems. Furthermore, organizations are placing more emphasis on identifying and mitigating risks to improve overall performance and customer satisfaction. ISO 9001 provides a recognized framework for organizations to improve operational efficiency, enhance customer satisfaction, and deliver consistent, high-quality products and services. The certification serves as a symbol of credibility and reliability, helping organizations gain a competitive edge, access new markets, and meet customer expectations.
Based on application, the ISO Certification market is segmented into Aerospace, Chemical and Fibres, Construction, Electrical and Electronics, Information Technology, Machinery and Equipment, Metallurgy, Retail, Transportation and Storage, and Others. The information technology segment segment is expected to hold a significant market share during the forecast period. The ISO certification market in the information technology (IT) industry is driven by several key factors. Firstly, the IT industry operates in a dynamic and rapidly evolving environment where data security, quality management, and service excellence are critical. ISO certifications such as Information Security Management, Quality Management, and IT Service Management provide a framework for organizations to ensure the confidentiality, integrity, and availability of information assets, deliver high-quality IT services, and meet customer expectations.
Based on regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period. The market in Asia Pacific ISO certification is driven by several factors such as rapid economic growth and increasing global integration. As countries in the Asia Pacific region emerge as major players in global trade and manufacturing, there is a growing emphasis on quality management, risk mitigation, and compliance with international standards. ISO certification provides a recognized framework for organizations to demonstrate their commitment to these standards, ensuring consistent product quality, operational efficiency, and customer satisfaction.
In-depth Analysis of the Global ISO Certification Market
Historical, Current, and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global ISO Certification Market
Top players in the market include Intertek Group plc, The British Standards Institution, Bureau Veritas, SGS Société Générale de Surveillance SA, Lloyd's Register Group Services Limited.
These companies are considered key providers of ISO Certification based on their revenue, offerings, regional presence, and value chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for ISO Certification Market.
Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Rising Demand for ISO Certification in the Construction Industry, Growing Investments in R&D Fuels Growth in the ISO Certification factors are driving the growth of the market during the forecast period.
According to this Growth Market Reports report, the Global ISO Certification Market is likely to register a CAGR of 14.6% during the forecast period 2023-2031, with an anticipated valuation of USD 43,801.4 million by the end of 2031.
Factors such as Economic Growth, Regulatory Landscape, Globalization & Trade are analyzed in the final report.
The market is expected to slightly decrease in 2019 and 2020 owing to the COVID 19 pandemic had a negative impact on the ISO Certification Market.
In addition to market size (in USD Million), Company Market Share (in % for base year 2022), Value has been provided in the report.
The base year considered for the Global ISO Certification Market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.