Management System Certification Market
Management System Certification Market Forecasts to 2030 - Global Analysis By Certification (Product Certification and System Certification), Service (Certification & Verification and Training & Business Assurance), Application, Industry and By Geography
According to Stratistics MRC, the Global Management System Certification Market is accounted for $39.01 billion in 2023 and is expected to reach $59.8 billion by 2030 growing at a CAGR of 6.3% during the forecast period. Management system certification involves the certification of organizations' management systems according to internationally recognized standards such as ISO 9001, ISO 14001 and ISO 45001. This market encompasses certification bodies that assess organizations' compliance with these standards, providing assurance to stakeholders regarding the effectiveness of their management systems in meeting specified requirements.
Market Dynamics:
Driver:
Increased focus on organizational performance
Organizations increasingly recognize the value of management system certifications in enhancing operational efficiency, reducing risks, and ensuring compliance with regulations. Certifications like ISO 9001, ISO 14001, and ISO 45001 help streamline processes, improve product quality, and demonstrate a commitment to best practices. This focus on organizational performance drives the demand for certification services as companies seek to gain a competitive edge and build trust with stakeholders.
Restraint:
Complexity of standards
The complexity of standards and the rigorous requirements for obtaining certifications can be a restraint for some organizations, particularly small and medium-sized enterprises (SMEs). The process of implementing and maintaining management systems aligned with certification standards can be resource-intensive and time-consuming. SMEs may face challenges in terms of expertise, financial resources, and organizational readiness, which can hinder their ability to pursue certifications.
Opportunity:
Growing demand for sustainable practices
The increasing global emphasis on sustainability and responsible business practices presents a significant opportunity for the management system certification market. Certifications related to environmental management (ISO 14001), energy management (ISO 50001), and social responsibility (SA 8000) are gaining traction as organizations seek to demonstrate their commitment to sustainable practices. This growing demand for sustainability certifications is expected to drive market growth in the coming years.
Threat:
Changes in regulations
Changes in regulations and standards can pose a threat to the management system certification market. Revisions to existing standards or the introduction of new regulations may require organizations to adapt their management systems and seek recertification. These changes can create uncertainty and additional costs for companies, potentially impacting the demand for certification services in the short term.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the management system certification market. While some industries faced disruptions and delayed certification audits, others saw an increased focus on health and safety management systems (ISO 45001). Remote audits and virtual assessments gained prominence during the pandemic, enabling certification bodies to continue their services. However, the economic slowdown and financial constraints experienced by organizations may have temporarily affected the demand for certifications.
The quality management systems segment is expected to be the largest during the forecast period
The Quality Management Systems segment, which includes certifications like ISO 9001, is expected to hold the largest share in the management system certification market. Quality management is a fundamental aspect for organizations across industries, as it directly impacts customer satisfaction, operational efficiency, and regulatory compliance. The widespread adoption of ISO 9001 and the continuous emphasis on quality improvement drive the dominance of this segment.
The training & business assurance segment is expected to have the highest CAGR during the forecast period
The training and business assurance segment is projected to exhibit the highest growth rate during the forecast period. This segment encompasses services related to training, consulting, and business assurance that help organizations effectively implement and maintain management systems. The growing complexity of standards and the need for expert guidance and support in navigating certification requirements contribute to the rapid growth of this segment.
Region with largest share:
The Asia Pacific region is expected to hold the largest share of the management system certification market. The region's rapid industrialization, expanding manufacturing sector, and increasing focus on quality and sustainability drive the demand for certifications. Countries like China, India, and Japan have a significant presence of manufacturing and service industries, which actively seek certifications to meet global standards and gain competitive advantage. The large population and growing middle class in the region further contribute to the dominance of the Asia Pacific market.
Region with highest CAGR:
The Asia Pacific region is also projected to experience the highest CAGR in the management system certification market during the forecast period. The region's dynamic economic growth, increasing international trade, and rising consumer awareness about quality and sustainability fuel the demand for certifications. Governments in the region are actively promoting industry standards and regulations, encouraging organizations to adopt management system certifications. The expanding service sector and the emphasis on digitalization and innovation further drive the rapid growth of the certification market in the Asia Pacific region.
Key players in the market
Some of the key players in Management System Certification Market include Bureau Veritas SA, DNV GL AS, SGS Group, Intertek Group PLC, TÜV SÜD, DEKRA SE, Lloyd's Register Group Limited, UL LLC (Underwriters Laboratories), NSF International, BSI Group (British Standards Institution), TÜV Rheinland Group, Eurofins Scientific, Kiwa NV, Applus+, NQA (National Quality Assurance), CertiK, TUV Austria, TÜV Nord Group, SAI Global and AsureQuality Limited.
Key Developments:
In February 2024, TÜV Rheinland entered into a strategic supplier partnership with Pantone to implement a top-tier color validation program. Pantone selected TÜV Rheinland as its inaugural lab partner in Asia to conduct Pantone Validated measurements, aiming to ensure color accuracy and consistency throughout manufacturing and production processes.
In January 2024, BSI introduced a new set of measures and a standard to advocate for the safe, secure, and ethical utilization of Artificial Intelligence (AI). This package encompasses certification for a novel management system designed to assist businesses in ethically harnessing AI while addressing apprehensions regarding its potential risks. The standard, BS ISO/IEC 42001, establishes a framework for the responsible development and deployment of AI technology, aiming to bridge the AI confidence gap and foster trust in its application.
Certifications Covered:
• Product Certification
• System Certification
Services Covered:
• Certification & Verification
• Training & Business Assurance
Applications Covered:
• Quality Management Systems
• Energy Management Systems
• Environmental Management Systems
• Information Security Management Systems
• Occupational Health and Safety Management Systems
Industries Covered:
• Aerospace & Defense
• Agriculture & Food
• Automotive
• Chemicals
• Construction
• Healthcare
• IT & Telecommunication
• Manufacturing
• Oil & Gas
• Public Sector
• Supply Chain & Logistics
• Other Industries
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Management System Certification Market, By Certification
5.1 Introduction
5.2 Product Certification
5.3 System Certification
6 Global Management System Certification Market, By Service
6.1 Introduction
6.2 Certification & Verification
6.3 Training & Business Assurance
7 Global Management System Certification Market, By Application
7.1 Introduction
7.2 Quality Management Systems
7.3 Energy Management Systems
7.4 Environmental Management Systems
7.5 Information Security Management Systems
7.6 Occupational Health and Safety Management Systems
8 Global Management System Certification Market, By Industry
8.1 Introduction
8.2 Aerospace & Defense
8.3 Agriculture & Food
8.4 Automotive
8.5 Chemicals
8.6 Construction
8.7 Healthcare
8.8 IT & Telecommunication
8.9 Manufacturing
8.10 Oil & Gas
8.11 Public Sector
8.12 Supply Chain & Logistics
8.13 Other Industries
9 Global Management System Certification Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Bureau Veritas SA
11.2 DNV GL AS
11.3 SGS Group
11.4 Intertek Group PLC
11.5 TÜV SÜD
11.6 DEKRA SE
11.7 Lloyd's Register Group Limited
11.8 UL LLC (Underwriters Laboratories)
11.9 NSF International
11.10 BSI Group (British Standards Institution)
11.11 TÜV Rheinland Group
11.12 Eurofins Scientific
11.13 Kiwa NV
11.14 Applus+
11.15 NQA (National Quality Assurance)
11.16 CertiK
11.17 TUV Austria
11.18 TÜV Nord Group
11.19 SAI Global
11.20 AsureQuality Limited
List of Tables
1 Global Management System Certification Market Outlook, By Region (2021-2030) ($MN)
2 Global Management System Certification Market Outlook, By Certification (2021-2030) ($MN)
3 Global Management System Certification Market Outlook, By Product Certification (2021-2030) ($MN)
4 Global Management System Certification Market Outlook, By System Certification (2021-2030) ($MN)
5 Global Management System Certification Market Outlook, By Service (2021-2030) ($MN)
6 Global Management System Certification Market Outlook, By Certification & Verification (2021-2030) ($MN)
7 Global Management System Certification Market Outlook, By Training & Business Assurance (2021-2030) ($MN)
8 Global Management System Certification Market Outlook, By Application (2021-2030) ($MN)
9 Global Management System Certification Market Outlook, By Quality Management Systems (2021-2030) ($MN)
10 Global Management System Certification Market Outlook, By Energy Management Systems (2021-2030) ($MN)
11 Global Management System Certification Market Outlook, By Environmental Management Systems (2021-2030) ($MN)
12 Global Management System Certification Market Outlook, By Information Security Management Systems (2021-2030) ($MN)
13 Global Management System Certification Market Outlook, By Occupational Health and Safety Management Systems (2021-2030) ($MN)
14 Global Management System Certification Market Outlook, By Industry (2021-2030) ($MN)
15 Global Management System Certification Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
16 Global Management System Certification Market Outlook, By Agriculture & Food (2021-2030) ($MN)
17 Global Management System Certification Market Outlook, By Automotive (2021-2030) ($MN)
18 Global Management System Certification Market Outlook, By Chemicals (2021-2030) ($MN)
19 Global Management System Certification Market Outlook, By Construction (2021-2030) ($MN)
20 Global Management System Certification Market Outlook, By Healthcare (2021-2030) ($MN)
21 Global Management System Certification Market Outlook, By IT & Telecommunication (2021-2030) ($MN)
22 Global Management System Certification Market Outlook, By Manufacturing (2021-2030) ($MN)
23 Global Management System Certification Market Outlook, By Oil & Gas (2021-2030) ($MN)
24 Global Management System Certification Market Outlook, By Public Sector (2021-2030) ($MN)
25 Global Management System Certification Market Outlook, By Supply Chain & Logistics (2021-2030) ($MN)
26 Global Management System Certification Market Outlook, By Other Industries (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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