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Management System Certification Market Trends

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

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.

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.

Management System Certification Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 240
  • Countries covered: 22
  • Pages: 280
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