Management System Certification Market by Certification Type (Product and Management System Certification), Service Type (Certification & Verification and Training & Business Assurance), Application, Vertical and Region - Global Forecast to 2029
[355 Pages Report] The global management system certification market is projected to grow from USD 40.0 billion in 2024 to USD 49.5 billion by 2029, registering a CAGR of 4.3% during the forecast period. A global push for standardized and responsible business practices drives the management system certification market. Organizations seek certifications like ISO 9001, ISO 14001, and ISO 45001 to demonstrate commitment to quality, environmental sustainability, and employee well-being. Increased globalization also fuels the demand as standardized processes become essential. Certification serves as a credibility and trust-building tool amid growing consumer and stakeholder awareness of ethical and sustainable practices. Integration of digital technologies for real-time monitoring further boosts the demand for certification services.
Management System Certification Market Forecast to 2029
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Market Dynamics:
Driver: Rising consumer awareness and demand for transparency
The increasing awareness among consumers regarding product quality, safety, and environmental impact propels the demand for management system certification. Consumers today are more conscious about the products they purchase, preferring those from companies that adhere to recognized standards. For instance, in the food industry, the demand for products certified with standards like ISO 22000 for food safety management has risen due to heightened awareness of foodborne illnesses and contamination risks. Additionally, consumers are inclined to support businesses that demonstrate commitment to sustainable and socially responsible practices. Certifications such as ISO 14001 for environmental management and SA8000 for social accountability appeal to consumers who prioritize ethically produced goods. As a result, companies across various sectors are opting for management system certifications to meet consumer expectations, build trust, and enhance their market competitiveness.
Restraint: High certification costs and resource investments
The substantial costs associated with obtaining and maintaining management system certifications significantly restrain the market. Seeking certification involves the initial expenses for assessment, documentation, and implementation and ongoing costs for audits and compliance maintenance. Small and medium-sized enterprises (SMEs) often face financial constraints that limit their ability to pursue certifications, hindering their competitiveness in markets increasingly prioritizing certified suppliers. For instance, ISO 9001 certification, a widely recognized quality management standard, can involve considerable financial commitments. The costs associated with certification can act as a deterrent for organizations, particularly those operating in price-sensitive industries, impacting the overall growth of the management system certification market.
Opportunity: Increasing focus on food safety and hygiene
Food safety and quality are crucial parameters, especially for those involved in producing and distributing food products and services. Hence, it is mandatory for food companies to comply with international standards and regulations throughout the entire production process. For instance, on August 25, 2021, the Food Safety & Standard Authority of India (FSSAI) issued a draft notification related to the Food Safety and Standards (Vegan Foods) Amendment Regulations, 2021. This regulation says that traceability shall be established up to the manufacturer level and shall include any other requirements prescribed by the food authority to maintain the vegan integrity of foods, food ingredients, or products thereof from time to time. This amendment also asks for compliance verification of the final product, using analytical tools available to ensure the absence of animal origin to endorse the vegan logo in the license.
Also, FSSAI has notified a new set of regulations to amend the existing Food Safety and Standards (Import) Regulations, 2017. The said regulations came into force on the date of their publication in the official gazette, i.e., November 6, 2021, and Food Business Operators (FBOs) are expected to comply with all the provisions of these regulations with effect from June 1, 2022. The amendment clarifies and sets the standards for raw edible oil, multisource edible oil, dehydrated vegetables, protein-rich wheat flour, protein-rich refined wheat flour, multigrain flour, mixed millet flour, feed, honey, dried sweet basil leaves, non-caloric sweeteners in a returnable container, hemp seeds and seed products, microbiological standards of food grain products, etc. The FSSAI has said that it may sometimes specify the categories of food products intended for export to India to further regulate control. Consequently, foreign food manufacturing facilities falling under such categories and wishing to export their food products to India are expected to register with the food authority before exporting to India. The foreign food manufacturing facility is expected to apply for registration directly or through authorized representatives in Form 16 of these regulations, along with documents specified in Annexure-1 and fees as specified by the food authority.
Challenge: Challenges faced by smaller market players in delivering certification services for emerging technologies
The integration of various technologies across diverse applications due to globalization has profoundly impacted day-to-day operations for personal and professional purposes. The swift pace of technological advancements, particularly in cognitive computing, blockchain, cybersecurity, and digital reality, is anticipated to act as macro forces directly shaping the perspectives of Testing, Inspection, and Certification (TIC) players in the current market landscape. The emerging digital experience is poised to introduce novel challenges for players in the management system certification sector. Notably, a fiercely competitive consumer environment has emerged in the augmented reality (AR) and virtual reality (VR) testing domain, prompting brands to distinguish themselves and enhance customer engagement. The AR/VR technology certification poses a unique challenge due to its immersive nature, making automated or lab testing intricate. Hardware certification becomes imperative to ensure proper functionality, alignment with the target demographic, and compatibility with other devices necessary for simulation. The adoption of certification services based on evolving technologies presents a challenge for smaller entities operating within the management system certification ecosystem.
Conversely, the incorporation of emerging technologies into various products within automotive, IT, and telecommunications poses a challenge for smaller players in the global management system certification business. While major players, benefiting from substantial profit margins, can seamlessly integrate new technologies into their existing service portfolios for diverse applications, emerging and smaller players may face difficulties. A case in point is Bureau Veritas, which, in early 2018, introduced Origin, the world's inaugural traceability label offering end-to-end proof of a product's journey in the food and beverages, consumer goods, and retail industries. Origin provides consumers with a convenient means to access detailed information about each stage of a product's journey by scanning a QR code in-store, facilitating informed purchase decisions. Consequently, the assimilation of evolving technologies into current service offerings or the certification of products across varied applications is anticipated to present challenges for smaller management system certification players in the foreseeable future.
Management System Certification Market Ecosystem
Key companies in this market include well-established, financially stable product and management system certification providers. These companies have been operating in the market for several years and possess a diversified portfolio of certifications that cater to a wide range of applications. Prominent companies in this market include SGS(Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TÜV Rheinland (Germany), DEKRA SE (Germany), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), and DNV GL (Norway).
By Application, cyber security segment likely to exhibit the highest CAGR during the forecast period.
Based on application, the cyber security segment is expected to exhibit the highest CAGR in management system certification market during the forecast period. A confluence of factors propels the rapid growth of cybersecurity system certification. Heightened awareness of escalating cyber threats and stringent regulatory compliance requirements have driven organizations to prioritize robust cybersecurity measures. The increasing frequency and severity of data breaches and the pervasive impact on financial stability and reputation underscore the imperative for organizations to invest in certified cybersecurity frameworks. For instance, according to AAG, the average cost of data breaches for businesses was USD 4.35 million in 2022. In the same year, 39% of UK businesses experienced a cyber-attack. The average financial impact of cybercrime on UK businesses was £4,200 (~USD 5,580) in 2022. These factors collectively contribute to the rapid growth of cybersecurity system certifications as organizations strive to fortify their defenses against cyber threats and demonstrate their commitment to cybersecurity best practices.
By Certification Type, product certification is expected to account for the largest share between 2024 and 2029.
The product certification segment is projected to account for a larger share of the product and management system certification market than the system certification segment from 2024 to 2029. The growth of this segment can be attributed to the increased volume of certified products after their manufacturing cycle is completed. The demand for system certification is rapidly increasing owing to the presence of standards in production procedures that are adhered to ensure the development of optimum quality and authentic products.
By Vertical, medical and life sciences segment to exhibit the highest CAGR from 2024 to 2029.
The medical and life sciences application is likely to exhibit the highest CAGR in the product and management system certification industry owing to the rising demand for medical devices with enhanced quality and improved safety in the middle of the pandemic. Various newly introduced certification services, such as remote audits and online recertification services, have gained traction in recent years.
Asia Pacific region is projected to experience the highest growth in the overall product and management system certification market during the forecast period.
Management System Certification Market by Region
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The Asia-Pacific region is witnessing a surge in product and management system certification demand, driven by several region-specific factors. The rapid industrialization and economic growth in countries like China and India have intensified the need for standardized processes and quality assurance, pushing businesses to seek certifications to meet international standards. Additionally, as Asia Pacific becomes a major player in global trade, there is an increasing emphasis on aligning products and management systems with international regulations and requirements to facilitate seamless cross-border transactions. The rise in consumer awareness and purchasing power in the region has led to a growing preference for certified products, emphasizing safety, quality, and sustainability.
Key Market Players
SGS (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TÜV Rheinland (Germany), DEKRA SE (Germany), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), and DNV GL (Norway).are some of the key players in the management system certification companies
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Report Metric |
Details |
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Estimated Value |
USD 40.0 billion |
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Expected Value |
USD 49.5 billion |
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Growth Rate |
CAGR of 4.3% |
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Market Size Availability for Years |
2020–2029 |
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Base Year |
2023 |
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Forecast Period |
2024–2029 |
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Forecast Units |
Value (USD Million) |
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Segments Covered |
By certification type, service type, application, vertical, and region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
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Companies Covered |
SGS (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TÜV Rheinland (Germany), DEKRA SE (Germany), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), Applus+ (Spain), Lloyd's Register Group Limited (UK), and DNV GL (Norway). 25 companies profiled |
Management System Certification Market Highlights
This research report categorizes the management system certification market based on certification type, service type, application, vertical, and region.
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Segment |
Subsegment |
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By Certification Type: |
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By Service Type |
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By Application: |
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By Vertical: |
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By Region: |
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Recent Developments
- In December 2023, Bureau Veritas and Avance Labs, the accredited code manager for International Renewable Energy Certificates (I-REC) related to hydrogen and its derivative fuels and products, entered into a memorandum of understanding (MoU). The agreement acknowledges the shared interest and advantages of collaborating in verifying and certifying attributes.
- In November 2023, SGS achieved accreditation from the ANSI National Accreditation Board (ANAB) for ISO 22716 cosmetics good manufacturing practices (GMP) certification, making it among the pioneering certification bodies to attain this recognition.
- In January 2023, Bureau Veritas designed an all-encompassing certification program for renewable hydrogen to support the renewable sector's growth and hasten the transition to sustainable energy. In the context of the energy transition, ensuring compliance with and providing assurance for the sustainability of new energy production, storage, and distribution presents unique challenges. The creation of this certification scheme stems from the collective requests of hydrogen producers and off-takers for comprehensive standards that are well-suited to the rapidly expanding global hydrogen market.
- In April 2022, Intertek Group plc partnered with Xpansiv for the new Digital FuelsTM Program, providing services such as data quality assurance, carbon intensity benchmarking, and independent certifications. Xpansiv, recognized as a global marketplace for ESG commodities, recently introduced Digital Crude Oil (DCO) as the latest component of its Digital Fuels (DF) Program. The registration of DCO units on the Xpansiv DF Registry allows markets to distinguish crude oil based on greenhouse gas emissions and ESG performance.
Frequently Asked Questions(FAQs):
Which are the major companies in the management system certification market? What are their key strategies to strengthen their market presence?
The major companies in the management system certification market are – SGS (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), TÜV Rheinland (Germany), DEKRA SE (Germany), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), Applus+ (Spain), Lloyd's Register Group Limited (UK), and DNV GL (Norway). The major strategies adopted by these players are service launches, partnerships, and expansions.
What are the new opportunities for emerging management system certification market players?
Emerging management system certification market players have ample opportunities to thrive by specializing in specific industries, leveraging emerging technologies like blockchain and AI, and offering flexible, agile certification services tailored to evolving business needs. The growing focus on sustainability, ethical practices, and strategic collaborations further enhances the prospects for these players in a dynamic and expanding market.
Which vertical is likely to drive the management system certification market growth in the next five years?
The medical and life sciences sector is poised for significant growth driven by ongoing innovation, research, and global health challenges. The aging global population and increasing chronic diseases fuel demand for healthcare services, pharmaceuticals, and medical devices. Governments' substantial investments in healthcare, coupled with stringent regulations, contribute to the sector's expansion.
Which region will likely offer lucrative management system certification market growth by 2029?
The Asia-Pacific region is set to experience the highest growth rate in the management system certification market. Government initiatives in various Asia Pacific countries promoting sustainable practices, environmental responsibility, and workplace safety are incentivizing businesses to undergo certification processes. As the region faces unique environmental concerns and public health challenges, certifications addressing these issues, such as ISO 14001 for environmental management and ISO 45001 for occupational health and safety, are gaining prominence.
Which factors are expected to boost the management system certification market in the next 5-6 years?
Over the next 5-6 years, the management system certification market is anticipated to experience growth due to the increasing focus on food safety and hygiene, increasing investments in latest technologies such as AI, ML, cloud computing, and big data, and growing illicit trade of forged and pirated goods among others.
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The study involved four major activities in estimating the management system certification market size. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information relevant to this study on the management system certification market. The secondary sources included the US Department of Commerce’s International Trade Administration, International Organization for Standardization, US Food & Drug Administration, Mexican Bureau of Standards, Canadian Standards Association, Colombian Standards and Certification Institute, World Trade Organization, International Confederation of Inspection and Certification Organizations, Hong Kong Association for Testing, Inspection, and Certification Limited, International Federation of Inspection Agencies, annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases.
The global size of the management system certification market has been obtained from the secondary data available through paid and unpaid sources. It has also been determined by analyzing the product portfolios of the leading companies and rating them based on the quality of their offerings.
Secondary research has been used to gather key information about the industry's supply chain, the market’s monetary chain, the total number of key players, and market segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both the market- and technology-oriented perspectives. It has also been conducted to identify and analyze the industry trends and key developments undertaken from both the market- and technology perspectives.
Primary Research
In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information about the market across four main regions—Asia Pacific, North America, Europe, and the Rest of the World (the Middle East & Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and other related key executives from major companies and organizations operating in the management system certification market or related markets.
After completing market engineering, primary research was conducted to gather information and verify and validate critical numbers from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with key strategies adopted by market players. Most primary interviews have been conducted with the market's supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete engineering process, both top-down and bottom-up approaches and several data triangulation methods have been used to estimate and validate the size of the overall management system certification market and other dependent submarkets. Key players in the market have been identified through secondary research, and their market positions in the respective geographies have been determined through both primary and secondary research. This entire procedure includes studying top market players’ annual and financial reports and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (qualitative and quantitative).
All percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Global Management System Certification Market Size: Bottom-Up Approach
Global Management System Certification Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed, wherever applicable. Data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.
Market Definition
An independent, competent, and accredited agency offers certification of the quality management system, mentioning that the business adheres to the requirements of an internationally recognized quality management system standard. Through a management system, an organization manages the interrelated business segments to achieve the desired objectives correlating to parameters such as product quality, service quality, environmental performance, workplace health and safety, and operational efficiency. Management system certification ensures compliance with international standards, paving the way for an ideal foundation for organizations to achieve their long-term goals by analyzing risk-based methodologies for an efficient and effective implementation of comprehensive business strategies. The overall management system certification market is fragmented, with the presence of a large number of local and regional market players spread across the world. Additionally, the growth of the global management system certification market will be driven by the increasing demand for product certification across medical and life sciences applications, followed by agriculture and food, consumer goods, and retail, among others.
Key Stakeholders
- Raw material suppliers
- Research organizations
- Original equipment manufacturers (OEMs)
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
- Government bodies, venture capitalists, and private equity firms
- End users who want to know more about the certification market and the latest standards in the parent market
Report Objectives
- To define and forecast the management system certification market based on certification type, service type, application, and vertical, in terms of value
- To forecast the market size of various segments with respect to four main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
- To understand and analyze the impact of evolving technologies on the management system certification value chain and upcoming trends in the ecosystem
- To forecast and compare the market size of pre-recession with that of the post-recession at global and regional levels
- To highlight the impact of Porter’s five forces on the management system certification ecosystem and analyze the underlying market opportunities
- To analyze the associated use cases in the management system certification business and their impact on the business strategies adopted by key players
- To provide key industry trends and associated important regulations impacting the global management system certification market
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market share and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as agreements, partnerships, acquisitions, and service launches in the management system certification market
Available customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5 players) based on various blocks of the supply chain
Generating Response ...
Growth opportunities and latent adjacency in Management System Certification Market