ISO Certification Market
ISO Certification Market Study by ISO 9001:2015, ISO 27001-2013, ISO 22301:2012, ISO/IEC 27032:2012, ISO 14001:2015, and ISO Lead Auditor Training Certification from 2024 to 2034
Analysis of ISO Certification Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
ISO Certification Market Outlook (2024 to 2034)
Fact.MR, in its newly published study, reveals that the global ISO certification market is forecasted to reach a valuation of US$ 16.14 billion in 2024. Revenue from ISO certification is projected to increase at a CAGR of 15.2% and reach a market valuation of US$ 66.25 billion by the end of 2034.
Various industries need ISO certification to comply with set regulatory standards along with demonstrating adherence to environmental, quality, or information security regulations. With the implementation of regulations, several organizations are compelled to opt for ISO certification to remain compliant. ISO certification generally provides a competitive advantage while enhancing the reputation of an organization, opening up new business opportunities, and demonstrating a commitment to customer satisfaction.
With globalization, ISO certification offers a standardized framework for demonstrating compliance with set quality standards. Many companies are expanding their operations across borders, which is projected to make ISO certification more essential for establishing consistency and credibility across multiple markets.
- North America is projected to account for 23.4% of the global ISO certification market share by the end of 2034.
- The market in Canada is projected to expand at a stellar CAGR of 16.2% from 2024 to 2034.
- The metallurgy segment is forecast to hold a 17.5% share of global market revenue by the end of 2034.
A majority of customers, especially in industries such as automotive, healthcare, and manufacturing, need their suppliers to get ISO certification as one of the conditions of doing business. Therefore, organizations are emphasizing retaining customers and pursuing certifications to match these requirements and maintain existing ones, which is further projected to act as one of the prominent growth drivers.
Implementing ISO standards generally leads to improved operational efficiency, better resource utilization, and reduced waste. More organizations looking to streamline their procedures and enhance performance are estimated to pursue ISO certification as a medium for achieving operational excellence. The higher initial investment in obtaining ISO certification can be beneficial in the long run. It helps lower error rates, reduces rework, enhances customer satisfaction, and improves processes.
Report Attributes | Details |
---|---|
ISO Certification Market Size (2024E) | US$ 16.14 Billion |
Forecasted Market Value (2034F) | US$ 66.25 Billion |
Global Market Growth Rate (2024 to 2034) | 15.2% CAGR |
East Asia Market Share (2034F) | 36.7% |
ISO 9001:2015 Certification Segment Growth Rate (2024 to 2034) | 12.6% CAGR |
China Market Growth Rate (2024 to 2034) | 15.7% CAGR |
United States Market Value (2034F) | US$ 12.39 Billion |
Key Companies Profiled |
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What’s Contributing to Expansion of the ISO Certification Market Size?
“Need for Demonstration of Commitment to Environmental and Information Security Regulations”
Adherence to set regulatory standards is paramount in all sectors, which generates requirements for ISO certification. This is projected to serve as one of the tangible demonstrations of an organization’s commitment to match stringent environmental, quality, and information security regulations.
With the constant evolution of the regulatory framework, the majority of organizations are facing pressure to obtain ISO certifications to ensure compliance with these set standards. The rigorous certification process enhances the company’s reputation for trustworthiness and reliability within its industry and validates adherence to regulations.
Which Challenges are Adversely Impacting ISO Certification Market Growth?
“Higher Cost of Obtaining ISO Certification”
Obtaining an ISO certification can be a noteworthy financial investment for organizations, including expenses related to training, documentation, audits, and consulting services. This financial barrier is projected to deter some small businesses or companies with limited budgets from pursuing the certification.
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Which Strategies are Startups Adopting to Secure Their Market Position?
“Development of Customized Software to Aid Management of Compliance Requirements”
New companies need to participate actively in the development of platforms or software customized to assist companies in the management of their ISO compliance requirements, which is projected to be a lucrative opportunity. These platforms can include tools for audit tracking, training modules, compliance monitoring, and document management.
Country-wise Insights
As mentioned in the recently published analysis by Fact.MR, a market research and competitive intelligence provider, East Asia is forecasted to hold 36.7% share of global market revenue by 2034. Implementation of stringent regulations is projected to lead to the widespread adoption of ISO certifications related to social responsibility, formation security, and environmental management.
What Makes the United States a Lucrative Market for ISO Certification Providers?
“Growing Emphasis on ISO-Certified Service Providers and Suppliers for Business Relations”
Attribute | United States |
---|---|
Market Value (2024E) | US$ 2.91 Billion |
Growth Rate (2024 to 2034) | 15.6% CAGR |
Projected Value (2034F) | US$ 12.39 Billion |
The United States is projected to occupy a 79.9% share of the North American market by 2034. This dominance is attributed to the growing emphasis placed by customers who are looking for ISO-certified service providers and suppliers for business relations. Matching these customer requirements is essential for expanding and maintaining business share.
Implementation of ISO standards generally leads to increased productivity, cost-savings, and efficiency within organizations. Companies in the United States can achieve better profitability and performance by streamlining processes, improving resource management, and reducing waste.
How is the Market in China Forecasted to Perform During the Assessment Period?
“Supportive Government Initiatives Promoting Adoption of ISO Certification”
Attribute | China |
---|---|
Market Value (2024E) | US$ 3.08 Billion |
Growth Rate (2024 to 2034) | 15.7% CAGR |
Projected Value (2034F) | US$ 13.25 Billion |
China is forecast to hold a 54.5% share of the East Asian market by 2034. The government in China is actively promoting ISO certification as a pivotal part of its efforts to promote sustainable development, enhance quality standards, and improve competitiveness in international and domestic markets. Several policies, incentives, and initiatives are implemented by the government to encourage organizations to obtain ISO certifications.
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Category-wise Insights
An increased inclination toward ISO 9001:2015 certification is attributed to its benefits while working with subcontractors or suppliers. It ensures the presence of robust quality management systems, which are projected to help in building stronger partnerships and ensuring the quality of outputs and inputs. This quality profile is projected to influence ISO certification market trends.
Why is Adoption of ISO 9001:2015 Certification Increasing across the World?
“Global Recognition of ISO 9001:2015 Certification”
Attribute | ISO 9001:2015 |
---|---|
Segment Value (2024E) | US$ 3.74 Billion |
Growth Rate (2024 to 2034) | 12.6% CAGR |
Projected Value (2034F) | US$ 16.16 Billion |
ISO 9001:2015 certification is projected to hold 24.4% of the market share by 2034. Companies seeking this certification showcase their alignment with international quality norms, a crucial aspect for those engaged in global commerce. The ISO 9001:2015 certification underscores the significance of risk-based critical thinking. Organizations can enhance their preparedness and resilience by identifying and mitigating risks inherent in their operations, thereby fortifying themselves against potential adversities or interruptions.
Which Industry is Projected to Contribute to High Market Revenue?
“Need for Standardized Hazard Identification in Metallurgy Sector Driving Certification Demand”
Attribute | Metallurgy |
---|---|
Segment Value (2024E) | US$ 2.78 Billion |
Growth Rate (2024 to 2034) | 15.2% CAGR |
Projected Value (2034F) | US$ 11.59 Billion |
The metallurgy segment is projected to account for a 17.5% share of the global market by the end of 2034. Metallurgical products, including alloys and metals, are critical components in many industries, including aerospace, automotive, electronics, and construction. ISO certifications, especially ISO 9001:2015 for quality management systems, assist in ensuring that metallurgical processes adhere to certain internationally recognized standards, therefore leading to consistent performance and quality of the final products.
ISO standards, including ISO 9001:2015, emphasize the identification of hazards and risk-based thinking. Environmental and safety concerns are paramount in the metallurgy industry. The adoption of ISO certifications is projected to help companies prevent accidents, mitigate risks, and ensure compliance with set regulations.
Competitive Landscape
ISO certification providers need to establish more stringent regulations for their client companies for monitoring and effective delivery of products through supply chain management systems while maintaining product quality. Key players in the ISO certification market include Bureau Veritas, SGS SA, DNC GL AS, Intertek, Lloyd’s Register Group Services Limited, The British Standards Institution, NQA, Certification Europe, URS Holdings, and Lakshy Management Consultation Pvt. Ltd.
Segmentation of ISO Certification Market Research
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By Certification :
- ISO 9001:2015
- ISO 27001:2013
- ISO 22301:2012
- ISO/IEC 27032:2012
- ISO 14001:2015
- ISO Lead Auditor Training
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By Industry :
- Information Technology
- Metallurgy
- Retail
- Construction
- Machinery & Equipment
- Chemical & Fiber
- Aerospace
- BPO
- Transportation, Storage, & Communication
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By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
What is the size of the ISO certification market in 2024?
The global ISO certification market is estimated to reach US$ 16.14 billion in 2024.
What is the revenue forecast for ISO certification solutions by 2034?
Revenue from ISO certification solutions is projected to reach US$ 66.25 billion by 2034.
What is the projected growth rate for the market from 2024 to 2034?
The global market is projected to expand at a CAGR of 15.2% from 2024 to 2034.
What is the projected contribution of East Asia to global market revenue?
East Asia is forecasted to account for 36.7% share of the global market by the end of 2034.
At what rate is the market in Canada projected to grow?
The Canadian market is projected to expand at a CAGR of 16.2% from 2024 to 2034.
What valuation is the Chinese market forecasted to reach by 2034?
The market in China is projected to reach a valuation of US$ 13.25 billion by the end of 2034.
What is the definition of an ISO-certified company?
An ISO-certified company matches the set requirements of ISO for its quality management system through regular auditing of its processes.