According to a recently released Fact.MR analysis, the global market for ISO certification is expected to be valued at US$ 16.14 billion by 2024. By the end of 2034, revenue from ISO certification is expected to grow at a 15.2% compound annual growth rate and reach a market valuation of US$ 66.25 billion.
In order to prove compliance with environmental, quality, or information security rules, a variety of sectors require ISO certification. Regulations are being implemented, and in order to stay compliant, many firms are being forced to choose ISO certification. Generally speaking, ISO certification offers a competitive edge in addition to improving an organization’s reputation, presenting new business prospects, and proving a dedication to customer satisfaction.
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The ISO certification market serves diverse industry sectors, including manufacturing, construction, healthcare, IT services, automotive, aerospace, food and beverage, and more. Different industries may prioritize specific ISO standards based on regulatory requirements, customer expectations, or industry norms.
ISO certification is recognized and respected worldwide, facilitating international trade, enhancing market competitiveness, and demonstrating a commitment to quality and compliance. As a result, certification bodies operate globally, offering services to businesses across borders.
The ISO certification market is influenced by trends such as increasing regulatory compliance requirements, growing awareness of sustainability and corporate social responsibility (CSR), rising demand for quality assurance and risk management, and the emergence of new technologies impacting business processes.
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Key Companies Profiled
Bureau Veritas
SGS SA
DNV GL
Intertek
Lloyd’s Register Group Services Limited
The British Standards Institution
NQA
Certification Europe
URS Holdings
Lakshy Management Consultation Pvt. Ltd.
Regional Analysis
By 2034, the US is expected to hold a 79.9% market share in North America. This dominance is a result of clients’ increasing emphasis on finding suppliers and service providers with ISO certification when establishing business relationships. Fulfilling these client needs is crucial to growing and preserving market share.
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Market Segmentation
By Certification :
ISO 9001:2015
ISO 27001:2013
ISO 22301:2012
ISO/IEC 27032:2012
ISO 14001:2015
ISO Lead Auditor Training
By Industry :
Information Technology
Metallurgy
Retail
Construction
Machinery & Equipment
Chemical & Fiber
Aerospace
BPO
Transportation, Storage, & Communication
By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania
Competitive Landscape:
The market for ISO certification services is competitive, with numerous certification bodies vying for business from organizations seeking certification. Factors such as reputation, expertise, pricing, and customer service play a significant role in differentiating service providers.