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
Market Outlook:
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.
Macro-Economic Factors
Economic Growth
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.
Regulatory Landscape
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.
Globalization & Trade
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.
Market Dynamics
Market Driver- Rising Demand for ISO Certification in the Construction Industry
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.
Market Driver- Growing Investments in R&D Fuels Growth in the ISO Certification
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.
Market Restraint- High Cost Associated with the ISO Certification
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.
Market Opportunity- Introduction and Development of Digital Services Platform for 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.
Scope of the Report
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. |
Segmental Outlook
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.
Regional Outlook
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.
Key Benefits for Industry Participants & Stakeholders
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In-depth Analysis of the Global ISO Certification Market
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Historical, Current, and Projected Market Size in terms of Value and Volume
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Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints, and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Global ISO Certification Market
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ISO Certification Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ISO Certification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ISO Certification Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ISO Certification Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ISO Certification Market Size & Forecast, 2016-2031
4.5.1 ISO Certification Market Size and Y-o-Y Growth
4.5.2 ISO Certification Market Absolute $ Opportunity
Chapter 5 Global ISO Certification Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 ISO Certification Market Size Forecast By Type
5.2.1 ISO 9001
5.2.2 ISO 14001
5.2.3 ISO 27001
5.2.4 ISO 22000
5.2.5 ISO 13485
5.2.6 ISO 50001
5.2.7 ISO 22301
5.2.8 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global ISO Certification Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 ISO Certification Market Size Forecast By Application
6.2.1 Aerospace
6.2.2 Chemical and Fibres
6.2.3 Construction
6.2.4 Electrical and Electronics
6.2.5 Information Technology
6.2.6 Machinery and Equipment
6.2.7 Metallurgy
6.2.8 Retail
6.2.9 Transportation and Storage
6.2.10 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global ISO Certification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ISO Certification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ISO Certification Analysis and Forecast
9.1 Introduction
9.2 North America ISO Certification Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ISO Certification Market Size Forecast By Type
9.6.1 ISO 9001
9.6.2 ISO 14001
9.6.3 ISO 27001
9.6.4 ISO 22000
9.6.5 ISO 13485
9.6.6 ISO 50001
9.6.7 ISO 22301
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America ISO Certification Market Size Forecast By Application
9.10.1 Aerospace
9.10.2 Chemical and Fibres
9.10.3 Construction
9.10.4 Electrical and Electronics
9.10.5 Information Technology
9.10.6 Machinery and Equipment
9.10.7 Metallurgy
9.10.8 Retail
9.10.9 Transportation and Storage
9.10.10 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe ISO Certification Analysis and Forecast
10.1 Introduction
10.2 Europe ISO Certification Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ISO Certification Market Size Forecast By Type
10.6.1 ISO 9001
10.6.2 ISO 14001
10.6.3 ISO 27001
10.6.4 ISO 22000
10.6.5 ISO 13485
10.6.6 ISO 50001
10.6.7 ISO 22301
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe ISO Certification Market Size Forecast By Application
10.10.1 Aerospace
10.10.2 Chemical and Fibres
10.10.3 Construction
10.10.4 Electrical and Electronics
10.10.5 Information Technology
10.10.6 Machinery and Equipment
10.10.7 Metallurgy
10.10.8 Retail
10.10.9 Transportation and Storage
10.10.10 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific ISO Certification Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ISO Certification Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ISO Certification Market Size Forecast By Type
11.6.1 ISO 9001
11.6.2 ISO 14001
11.6.3 ISO 27001
11.6.4 ISO 22000
11.6.5 ISO 13485
11.6.6 ISO 50001
11.6.7 ISO 22301
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific ISO Certification Market Size Forecast By Application
11.10.1 Aerospace
11.10.2 Chemical and Fibres
11.10.3 Construction
11.10.4 Electrical and Electronics
11.10.5 Information Technology
11.10.6 Machinery and Equipment
11.10.7 Metallurgy
11.10.8 Retail
11.10.9 Transportation and Storage
11.10.10 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America ISO Certification Analysis and Forecast
12.1 Introduction
12.2 Latin America ISO Certification Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ISO Certification Market Size Forecast By Type
12.6.1 ISO 9001
12.6.2 ISO 14001
12.6.3 ISO 27001
12.6.4 ISO 22000
12.6.5 ISO 13485
12.6.6 ISO 50001
12.6.7 ISO 22301
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America ISO Certification Market Size Forecast By Application
12.10.1 Aerospace
12.10.2 Chemical and Fibres
12.10.3 Construction
12.10.4 Electrical and Electronics
12.10.5 Information Technology
12.10.6 Machinery and Equipment
12.10.7 Metallurgy
12.10.8 Retail
12.10.9 Transportation and Storage
12.10.10 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) ISO Certification Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ISO Certification Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ISO Certification Market Size Forecast By Type
13.6.1 ISO 9001
13.6.2 ISO 14001
13.6.3 ISO 27001
13.6.4 ISO 22000
13.6.5 ISO 13485
13.6.6 ISO 50001
13.6.7 ISO 22301
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) ISO Certification Market Size Forecast By Application
13.10.1 Aerospace
13.10.2 Chemical and Fibres
13.10.3 Construction
13.10.4 Electrical and Electronics
13.10.5 Information Technology
13.10.6 Machinery and Equipment
13.10.7 Metallurgy
13.10.8 Retail
13.10.9 Transportation and Storage
13.10.10 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 ISO Certification Market: Competitive Dashboard
14.2 Global ISO Certification Market: Market Share Analysis, 2022
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bureau Veritas
14.3.2 Certification Europe
14.3.3 DNV AS
14.3.4 Intertek Group plc
14.3.5 Lakshy Management Consultant Pvt Ltd
14.3.6 Lloyd's Register Group Services Limited
14.3.7 NQA
14.3.8 SGS Société Générale de Surveillance SA
14.3.9 The British Standards Institution
14.3.10 URS Holdings