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2025-2034 Management System Certification Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Is the Expected CAGR for the Management System Certification Market Through 2025?
In the past few years, the size of the management system certification market has seen a robust expansion. The market size is predicted to rise from $30.7 billion in 2024 to $32.64 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.3%. The remarkable growth during the historic phase can be linked to the heightened focus on the importance of certification in relation to quality management regulations, the need for enhanced environmental performance, an increased emphasis on occupational health and safety, as well as the escalating complexity of supply chains.
What's the Projected Size of the Global Management System Certification Market by 2029?
A surge in the management system certification market size is projected over the coming years. By 2029, it's expected to reach $41.08 billion, with a compound annual growth rate (CAGR) of 5.9%. Factors expected to drive growth during this period include the growing need for improved information security, business globalization, increased customer consciousness and demand for eco-friendly goods, stakeholders' pressure for certification, and creating a competitive edge through certification. Significant trends for the forecast period encompass AI and automation inclusion, blockchain usage for transparency and traceability, and performing audits remotely or virtually, widespread usage of digital tools and technology, amalgamation of management systems, and a rise in remote audit technologies adoption.
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Top Growth Drivers in the Management System Certification Industry: What's Accelerating the Market?
The growth of the management system certification market is anticipated to be fuelled by the rising occurrence of data breaches. Unauthorized access to sensitive or private data, such as personal details, intellectual property, or financial records, is what data breaches are all about. The advent of remote work environments and the ever-evolving tactics of cybercriminals are the main reasons for the increase in data breaches. A strong framework to manage risks associated with information security and implement proper security measures can be set up using management system certification, thereby considerably improving an organization's capabilities to prevent and deal with data breaches. The Identity Resource Theft Center, a non-profit organization based in the US, recorded a whopping 2,116 data breaches in November 2023, surpassing the prior record of 1,862 breaches for the entire year 2021. Hence, the escalating rate of data breaches is fuelling the management system certification market's expansion.
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What Trends Will Shape the Management System Certification Market Through 2029 and Beyond?
Leading firms in the management system certification market are incorporating artificial intelligence methodologies to maintain a competitive advantage. AI can process enormous amounts of data from diverse sources, spotting trends, patterns, and irregularities. This scrutiny can aid certification bodies and institutions in refining certification procedures, pinpointing areas for development, and making informed decisions grounded in data. For example, BSI, a British business solutions firm, championed responsible AI management in January 2024 with a series of actions designed to help institutions safely embed AI. This initiative includes certification for a groundbreaking management system formulated to facilitate the secure and responsible application of Artificial Intelligence in society. The plan is in line with the newly released international management system standard for AI (BS ISO/IEC 42001) and supports organizations in handling AI responsibly, focusing on issues such as opaque automated decision-making, the application of machine learning, and ongoing learning.
What Are the Main Segments in the Management System Certification Market?
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 Top Companies are Driving Growth in the Management System Certification Market?
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
Which Regions Will Dominate the Management System Certification Market Through 2029?
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.
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