Press release
Global ISO Certification Market Forecast to Surge from USD 10.3 Billion in 2023 to USD 35.4 Billion by 2032, Propelled by Increasing Market Competition and Expansion of the Construction Industry
According to a current report from Dataintelo, the global ISO Certification market was valued at USD 10.3 Billion in 2023 and is predicted to reach USD 35.4 Billion by 2032, expanding at an impressive CAGR of 14.7% during the projected period of 2024 to 2032. This substantial growth is fueled predominantly by the rise in the construction industry.As globalization increases and competition in the market intensifies, more companies are looking for ways to enhance their credibility and competitiveness. ISO certification plays a crucial role in facilitating this by demonstrating a company's compliance with international standards. The rise in consciousness regarding sustainability and corporate responsibility has also escalated the importance of ISO certifications.
For example, the ISO 14001 for environmental management has become a vital asset for businesses, as it aids in decreasing their ecological footprint and improving operational efficiency. This trend emphasizes the growing demand for ISO certifications and underscores the expected growth in the ISO certification market. These certifications serve not only as a mark of quality and compliance for businesses but also are becoming increasingly associated with responsible corporate practices and sustainability efforts.
The ISO certification market's expansion is a clear indicator of the increasing need for regulated standards in business operations in different sectors. As more what companies synchronize their processes and standards to international norms, the relevance of ISO certifications will likely continue its upward trajectory.
In the upcoming years, the incessantly evolving business landscape and the subsequent need for adaptability is projected to stimulate the ISO certification market further. Thus, it is anticipated that the ISO Certification market will see significant growth owed largely to businesses' rising demand for validation of their adherence to international quality and environmental standards
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/70923
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The ISO certification market has been segmented on the basis of๐๐ฒ๐ฉ๐
โ ISO 9001:2015
โ ISO 27001-2013
โ ISO 22301: 2012
โ ISO/IEC 27032: 2012
โ ISO 14001: 2015
โ ISO Lead Auditor Training
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โ Information Technology
โ Metallurgy
โ Retail
โ Construction
โ Machinery & Equipment
โ Transportation
โ Storage
โ Communication
โ Chemical
โ Fiber
โ Aerospace
โ BPO
โ Others
๐๐ง๐-๐ฎ๐ฌ๐๐ซ
โ Large Enterprises
โ SMEs
๐๐๐ ๐ข๐จ๐ง
โ Asia Pacific
โ North America
โ Latin America
โ Europe
โ Middle East & Africa
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ ๐๐๐ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ
โ The British Standards Institution
โ SGS
โ NQA
โ Lloyd's Register Group Services
โ ๐๐๐ค๐ฌ๐ก๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐๐ง๐ญ
โ Intertek
โ DNV GL AS
โ CERTIFICATION EUROPE
โ Bureau Veritas
The ISO certification market is broadly categorized based on type, application, end-user, and region. In terms of type, the market is bifurcated into ISO 9001:2015, ISO 27001-2013, ISO 22301: 2012, ISO/IEC 27032:2012, ISO 14001:2015, and ISO Lead Auditor Training. Each of these certifications serves a different purpose and is suitable for a varied range of organizations. ISO 9001:2015, for instance, sets the criteria for a quality management system while ISO 14001:2015 specifies requirements for an effective environmental management system. The application segment for the ISO certification market includes sectors such as information technology, metallurgy, retail, construction, machinery & equipment, transportation, storage, communication, chemical, fiber, aerospace, BPO, among others. Each of these sectors gain advantages such as improved efficiency, risk management, and customer satisfaction through an ISO certification.
In terms of end-user, the market is divided into large enterprises and SMEs. Both large businesses and small and medium-sized enterprises (SMEs) pursue ISO certifications to improve operation and boost customer confidence. Geographically, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. During the forecast period, Asia Pacific is expected to dominate the global ISO certification market due to the fast-growing industrial sector in the region. Meanwhile, in North America, widespread awareness regarding the importance of standardization in improving business efficiency is expected to drive market growth. Key players in the ISO certification market include URS Holdings, The British Standards Institution, SGS, NQA, Lloyd's Register Group Services, Lakshy Management Consultant, Intertek, DNV GL AS, CERTIFICATION EUROPE, and Bureau Veritas. These players play a significant role in driving growth in the ISO certification market by providing certification services across different sectors
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/70923
Market Drivers for ISO Certification Market:
1. Increasing Adoption of International Standards: Companies around the world are increasingly adopting international standards to attract customers and investors who prefer to deal with businesses that conform to globally recognized best practices.
2. Regulatory Requirements: Some government bodies and industry regulators require businesses to obtain ISO certifications before they can operate. This has been a major driving factor for the growth of the ISO certification market.
3. Competitive Advantage: Many businesses seek ISO certifications to gain a competitive edge over their rivals by demonstrating their commitment to quality, safety, and environmental responsibility.
4. Business Efficiency: ISO standards help to improve business efficiency by establishing systematized procedures. This also reduces costs and minimizes errors.
5. Globalization: As businesses expand into new territories, they need to comply with international standards. This has compelled many organizations to hire ISO certification services.
Opportunities in the ISO Certification Market:
1. Increased Awareness: The increasing awareness about the benefits of ISO certification presents a huge opportunity for market players. This awareness is expected to rise in the future, further expanding the market.
2. Expanding SMEs: The rapid expansion of small and medium enterprises (SMEs) around the world offers a huge opportunity, since these businesses may require ISO certifications to establish credibility and attract investment.
3. New ISO Standards: The introduction of new ISO standards provides opportunities for certification companies to broaden their service offerings.
4. Digital Transformation: The rapid digital transformation happening across all sectors leads to the need for information security management standards like ISO 27001 certification to safeguard data and systems.
5. Emerging Economies: The developing economies are focusing on standardization to increase their trade opportunities, providing ample growth opportunity for ISO certification providers.
6. Sustainability and CSR: There's an increasing trend of companies focusing on sustainability, corporate social responsibilities and environmental aspects, which provides an opportunity for ISO 14001 (Environmental Management System) certifications
๐๐จ๐ฎ ๐๐๐ง ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/70923
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4. Marketing Professionals: This report can assist them in understanding the demographics of their target audience, market trends, and competition.
5. Consultants and Advisors: It would provide them with deeper insights into the market, making their consulting more accurate and effective.
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๐๐ฆ๐๐ข๐ฅ ๐ฎ๐ฌ ๐จ๐ง - ๐ฌ๐๐ฅ๐๐ฌ@๐๐๐ญ๐๐ข๐ง๐ญ๐๐ฅ๐จ.๐๐จ๐ฆ
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