Management System Certification Market Size - By Certification (Product, System), By Service (Certification & Verification, Training & Business Assurance), By Application, By Industry, Growth Prospects, Regional Outlook & Forecast, 2024 - 2032

Management System Certification Market Size

Management System Certification Market size was valued at USD 23.5 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032. The market is propelled by increasing regulatory requirements, heightened awareness of quality & sustainability, and globalization. Businesses seek certification to comply with regulations, enhance credibility, and facilitate international trade. Certification provides a competitive edge and aids in risk management.
 

For instance, in October 2023, DNV launched a blockchain-based platform for managing certification data. The platform stores & updates management systems, products, and supply chain certificates in a secure private blockchain, enabling instant confirmation of their validity. As organizations prioritize excellence and compliance, the market continues to expand, fueled by the need for standardized frameworks and assurance mechanisms.
 

Globalization fuels the management system certification market as businesses seek to demonstrate compliance with international standards for quality, safety, and sustainability. Certification enables access to global markets by establishing credibility and trust with customers worldwide, driving the demand for certification services across diverse industries and geographical regions.
 

Cost barriers in the management system certification industry may hinder smaller organizations or those in developing countries from obtaining certification. High certification fees coupled with additional expenses for training, consultancy, and audit preparations can strain limited budgets. This disparity may limit their ability to compete in global markets, exacerbating inequalities and hindering progress toward broader adoption of management system standards, particularly among entities with limited financial resources.
 

Management System Certification Market Trends

In the management system certification industry, a notable trend is the increasing integration of digital technologies to streamline certification processes. Automation, data analytics, and cloud-based platforms are being leveraged to improve the efficiency of audits, reduce paperwork & enhance communication between certification bodies and clients. For instance, in July 2023, in accordance with ISO 14064-3, the global standard for GHG claim verification, UL Solutions introduced the Climate Neutral Product Certification program, which provides independent verification of business and product greenhouse gas assertions.
 

An emerging trend in this market is the rising demand for sector-specific certifications tailored to the unique requirements of different industries. While traditional management system standards such as ISO 9001 and ISO 14001 remain essential, there is growing interest in specialized certifications addressing niche areas such as cybersecurity, supply chain resilience, and social responsibility. These sector-specific certifications provide organizations with targeted guidance and validation, helping them in addressing industry-specific challenges and demonstrating compliance with sector-specific regulations & best practices.

Management System Certification Market Analysis

Based on certification, the product certification segment accounted for 35% of the market share in 2023. In the product certification market, there is a growing emphasis on sustainability and environmental responsibility. Consumers are increasingly demanding eco-friendly products, prompting organizations to seek certifications such as eco-labels and carbon footprint assessments. Additionally, there is a trend toward integrating product certification with broader management system standards to ensure consistency and alignment with organizational objectives, enhancing overall product quality & reputation.
 

For instance, in January 2024, Samsung Electronics received a Product Carbon Reduction certification for eight of its product lines for 2024 including Neo QLED, OLED, and Lifestyle TVs. These items were recognized for their lower carbon footprint compared to the previous year's models, indicating the company's dedication to environmental sustainability.
 

Based on application, the cyber security segment recorded around 68% of the market share in 2023. In the management system certification market, cyber security certification is witnessing a surge in demand as organizations prioritize data protection and privacy. With increasing cyber threats, certifications such as ISO/IEC 27001 are becoming essential for demonstrating robust information security management systems.
 

Additionally, there is a trend toward integrating cyber security certification with broader risk management frameworks to ensure holistic protection against evolving cyber threats and vulnerabilities. For instance, in June 2023, The International Standards Organization updated ISO/IEC 27032:2023. It is a standard that offers high-level direction to deal with typical problems with Internet security. It gives an overview of Internet security and describes the connections between online security, network security, cybersecurity & Internet security.
 

Europe management system certification market held over 35% of the revenue share in 2023. In the Europe management system certification industry, there is a notable trend toward harmonization and mutual recognition of certifications across member states. This facilitates trade and enhances market access for certified organizations.
 

Additionally, there is an increasing emphasis on sustainability certifications, driven by regulatory initiatives and consumer demand for eco-friendly products & practices. Digitalization of certification processes is also gaining traction, improving efficiency and transparency. For instance, in October 2023, DEKRA expanded its offering with the acquisition of Weiss Technik Testing Services' environmental testing facilities. The offering includes a wide variety of environmental testing services.
 

Management System Certification Market Share

TÜV NORD GROUP, DNV Group and The British Standards Institution holds almost 20% of market share in management system certification industry, this dominance is attributed to their long-standing reputations for quality, global recognition, and comprehensive range of certification services that meet various international standards. Their leadership reflects the trust and reliability that businesses and organizations place in these institutions for ensuring compliance and enhancing operational excellence.
 

Management System Certification Market Companies

Major companies operating in the management system certification industry are:

• ASTM
• DNV Group AS
• DQS Holding GmbH
• Drata Inc.
• Holding Socotec
• IMQ S.p.A.
• Lloyd's Register Group Services Limited
• RINA S.p.A.
• The British Standards Institution
• TUV NORD GROUP
   

Management System Certification Industry News

• In February 2024, TÜV Rheinland formed a strategic supplier partnership with Pantone for a top-tier color validation program. Pantone chose TÜV Rheinland as its first lab partner in Asia to execute Pantone Validated measurements as part of this relationship. This collaboration also seeks to assure color accuracy and uniformity across the manufacturing & production processes.
   
• In January 2024, BSI released a new set of measures and a standard to promote the safe, secure & responsible use of Artificial Intelligence (AI). The bundle includes the certification to a new management system meant to help enterprises use AI ethically while also addressing concerns about the possible dangers of AI. The standard, BS ISO/IEC 42001, establishes a framework for the safe & responsible development and deployment of AI technology to close the AI confidence gap and increase trust in the technology.
   

The management system certification market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Certification

• Product
• System

Market, By Service

• Certification & Verification
• Training & Business Assurance

Market, By Application

• Quality Management Systems
• Occupational Health & Safety
• Cyber Security
• Information Security
• Food Safety
• Environmental Management
• Others

Market, By Industry

• Aerospace & Defense
• Automotive & Transportation
• Construction
• Consumer Goods & Retail
• Energy & Utilities
• Healthcare & Life Sciences
• Information Technology & Telecommunication
• Manufacturing
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Russia
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • South Africa
  • Saudi Arabia
  • Rest of MEA