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Rising Frequency Of Data Breaches Drives Growth In Management System Certification Market Driver: Leading Transformation in the Management System Certification Market in 2025
Management System Certification Market
The management system certification market is predicted to expand due to the escalating incidences of data breaches. Unauthorized access to confidential or sensitive information such as financial details, intellectual assets, or personal data is termed as a data breach. The rise in data breaches can be attributed to the ever-changing strategies of cybercriminals and the vulnerabilities brought on by work-from-home setups. By establishing a robust structure for managing information security risks and installing proper security controls, a management system certification can considerably amplify an organization's capacity to thwart and minimize data breaches. For instance, the Identity Resource Theft Center, a non-profit organization based in the US, reported in November 2023 that there were 2,116 data breaches, surpassing the earlier record of 1,862 breaches for the entire year of 2021. Consequently, the growing frequency of data breaches is propelling the development of the management system certification market.
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How will the growth rate of the management system certification market shape industry trends by 2034?
In the past few years, the market size of the management system certification field has seen robust growth. Its size is projected to increase from $30.7 billion in 2024 to $32.64 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.3%. The growth witnessed during the historic period may be credited to a growing emphasis on quality management regulatory certification requirements, a heightened demand for better environmental performance, a focus on occupational safety and health, and an increasing complexity in supply chains.
Expectations are high for a robust expansion of the management system certification market in the upcoming years, with a projection to hit $41.08 billion by 2029, increasing at a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this projected growth during the forecast period include the need for improved information security, the globalization of businesses, increased consumer awareness, demand for green products, stakeholder pressure for certification and gaining a competitive edge through certification. Significant trends expected to shape the forecast period encompass AI and automation integration, using blockchain for ensuring transparency and traceability, increased reliance on remote and virtual auditing, expanded use of digital tools and technologies, integration of management systems, and a rise in the adoption of remote audit technologies.
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What trends are poised to drive the future success of the management system certification market?
To acquire a competitive advantage in the management system certification market, leading firms are implementing artificial intelligence (AI) methodologies. AI has the capacity to process and analyze extensive data drawn from various sources, enabling these companies to identify industry trends, patterns, and irregularities. This insight can simplify certification procedures for both certification bodies and organizations, highlighting areas requiring improvement and facilitating informed decisions bolstered by data. For example, in January 2024, BSI, a British business solutions provider, presented a novel set of measures aimed at expediting safe AI integration for companies via responsible AI management. This initiative introduces a certification for an innovative management system developed to ensure AI's safe, secure, and ethical application across various societal facets. This program is in sync with the latest international management system standard for AI (BS ISO/IEC 42001) and addresses important considerations such as opaque automatic decision-making, machine learning utilization, and continual learning to help organizations use AI responsibly.
Which primary segments of the management system certification market are driving growth and industry transformations?
The management system certification market covered in this report is segmented -
1) By Certification Type: Product Certification, Management System Certification
2) By Service Type: Certification And Verification, Training And Business Assurance
3) By Application: Quality Management Systems, Occupational Health And Safety, Information Security And Information Technology (IT), Cyber Security, Food And Safety, Environmental Management, Other Applications
4) By Vertical: Consumer Goods And Retail, Agriculture And Food, Chemicals, Construction And Infrastructure, Energy And Power, Industrial And Manufacturing, Mining, Oil And Gas And Petroleum, Public, Other Verticals
Subsegments:
1) By Product Certification: Safety Certification, Quality Certification, Environmental Certification, Others
2) By Management System Certification: ISO 9001, ISO 14001, ISO 45001, ISO 22000, ISO 50001, Others
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Which geographical regions are pioneering growth in the management system certification market?
Asia-Pacific was the largest region in the management system certification market in 2024. The regions covered in the management system certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the management system certification market landscape?
Major companies operating in the management system certification market report are SGS SA; Bureau Veritas Group; Eurofins Scientific Group; DEKRA Group; Intertek Group; TÜV SÜD Group; TÜV Rheinland Group; Underwriters Laboratories Group; DNV GL Group; Technischer Überwachungsverein Nord Group; Lloyd's Register Group; SOCOTEC Certification Group; British Standards Institution Group; Kiwa Group; SAI Global Group; NSF International Group; APCER Group; DQS Inc.; National Quality Assurance Group; ABS Quality Evaluations Group; International Association of Plumbing and Mechanical Officials Group; Quality Austria Group; Global Compliance Certification Group; QMS International Group
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What Is Covered In The Management System Certification Global Market Report?
•Market Size Forecast: Examine the management system certification market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the management system certification market for a structured understanding.
•Key Players Overview: Analyze major players in the management system certification market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the management system certification market.
•Segment Contributions: Evaluate how different segments drive overall growth in the management system certification market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the management system certification market.
•Industry Challenges: Identify potential risks and obstacles affecting the management system certification market.
•Competitive Landscape: Review strategic developments in the management system certification market, including expansions, agreements, and new product launches.
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