Management System Certification Market Analysis

Management System Certification Market Analysis

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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.