Press release
Global ISO Certification Market : APAC region to value US$ 1.4 Bn by 2025
Increasing awareness amongst the customers regarding the quality and safety of products, is increasing the demand of the products that are certified by renowned standards. As a result of this situation, every renowned enterprise across several industries is majorly focusing on the betterment and standardization of their processes and products.
This step eventually leads to the growth of the certification market. Stringent regulations by the government has made it obligatory for the industries to acquire management systems certification in order to let their operations remain unhindered. Certifications can improve the business operations by letting them utilize the resources more efficiently as well as helps in reducing the quantity of waste produced by them. All of these factors play a major role in driving the global market for ISO certification.
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The certification process is dependent on heavy documentation that needs ample of time to get completed. This long-lasting process upsurges the business’ complexity thus delaying the companies’ operations, particularly the smaller companies. This leads to delay for other companies to attain certification which consequently hinders the growth of the market. These factors along with extraordinary cost of certification are creating major obstacles in the growth of the global market for ISO certification.
ISO is the International Organization for Standardization that supports global standardization for requirements & specifications for quality and information management, formats, products, materials and procedures. Certification under the standards of ISO is a guarantee that ISO-requisite management of documentation and processes is in place. Typically, ISO does not impose regulations. The ISO certification must not be considered as a permission for letting any activity take place. This certification only shows that documentation or service procedure, management system and manufacturing process holds all the requirements needed for quality assurance and standardization.
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The segmentation of the global ISO certification market can be based on the certification, industry and region. On the basis of certification, the segmentation of the global ISO certification market can be done into ISO Lead Auditor Training, ISO/IEC 27032: 2012, ISO 27001-2013, ISO 14001: 2015, ISO 22301: 2012 and ISO 9001:2015. On the basis of industry, the segmentation of the global ISO certification market can be done into BPO, chemical and fiber, machinery and equipment, retail, information technology, aerospace, transportation, storage, communication, construction & metallurgy and others. On the basis of region, the segmentation of the global ISO certification market can be done into MEA (Middle East and Africa), Latin America, North America, APAC (Asia Pacific) and Europe.
Amongst the certification segment, the ISO 14001:2015 of environmental management systems is anticipated to be the prime segment followed by ISO 27001:2013 of information security management systems certification. Amongst the regions, APAC is expected to be the leading region as well as is extremely profitable for the global market for ISO certification. The ISO certification market of APAC is projected to top a value of nearly US$ 1.4 Bn by 2025-end. Amongst the industry segment, the others segment is dominating the market globally.
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Some prominent companies who have helped in shaping the market for ISO certification have been profiled by Persistence Market Research. The key players working in the market are inclusive of URS Holdings, NQA, The British Standards Institution, Lloyd's Register Group Services Limited, International Standards Certifications Global FZ LLC (DNV GL AS), Lakshy Management Consultant Pvt. Ltd., CERTIFICATION EUROPE, Intertek, SGS SA and Bureau Veritas.
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