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Management System Certification Market Share

Report ID: GMI8127
Published Date: Feb 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of management system certification reached USD 23.5 billion in 2023 and is set to witness 8% CAGR from 2024 to 2032, owing to increasing regulatory requirements, heightened awareness of quality & sustainability and globalization.

The product certification segment held over 35% of the market share in 2023, due to a growing emphasis on sustainability and environmental responsibility worldwide.

Europe recorded over 35% of the market share in 2023, attributed to the increasing emphasis on sustainability certifications, driven by regulatory initiatives in the region.

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, and TÜV NORD GROUP are some of the major management system certification companies worldwide.