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3. Management System Certification Companies - Bureau Veritas (France) and SGS (Switzerland) are the Key Players

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. The rise of regulatory requirements, coupled with the escalating importance of risk management, compels businesses to invest in certified management systems to mitigate potential challenges. In an era of heightened awareness about sustainability and ethical business practices, certifications serve as a credible way for companies to showcase their commitment to social responsibility, attracting environmentally and socially conscious consumers. As the digital transformation accelerates, there is a growing demand for cybersecurity certifications, further fuelling the market's expansion.

Market players in the management system certification sector employ strategies like expanding service portfolios for diverse certifications, adopting technology for streamlined processes, forming strategic partnerships, and implementing customer-centric initiatives to gain a competitive edge in the market.

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TÜV SÜD is among the world’s leading providers of technical services, including auditing and system certification, product certification, and training services. It operates in over 50 countries through offices at nearly 850 locations across Europe, the Americas, Asia Pacific, the Middle East, and Africa. The company has immense knowledge about the global and regional regulatory standards, policies, and norms followed across various industries, such as medical devices and textiles, and has a highly experienced team of auditors providing clients with quick and efficient services.

SGS stands as a global leader in the certification of management systems, boasting an extensively established global presence and primarily engaging with major Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) across the world. Its leadership persists in pioneering new products within the Management System Certification (MSC) market. Acknowledged for delivering premium and top-tier management system certification services, SGS Group operates with a broad geographic footprint, maintaining offices worldwide. Focused on introducing cutting-edge services in the management system certification sector, the company leverages its robust technical expertise. Supported by a robust financial foundation, SGS allocates substantial capital to Research and Development (R&D) initiatives. Furthermore, the company offers advanced certification solutions tailored for diverse applications in sectors such as automotive, infrastructure, and institutions.

Bureau Veritas, with more than 100 years of experience in offering testing, inspection, and certification services, is among the key industry players in the management system certification market. It offers a wide range of management system certification services for aerospace and transport applications. Emerging technologies such as 5G, digital twin, blockchain, and cloud computing are being adopted by the company to provide accurate results and offer a better client experience. Bureau Veritas meets the needs of its clients through a well-developed network of labs, particularly in countries having strong industrial bases, such as France, the US, Canada, Japan, and the UK, and plans to cover traditional markets through a broader range of services to expand its reach.

Intertek Group plc has a strong portfolio of management system certification services. The overall experience of the company’s management team is over 100 years. The company offers various verification, audit, and certification services. It is focusing extensively on emerging application areas such as medical and aerospace. Intertek Group plc’s major focus is on management system certification services for the aerospace industry. Recently, it has launched many services to strengthen its portfolio of services further. For instance, in September 2022, Intertek introduced its latest certification, the Vegan Foods Certification, in response to the substantial growth in sales of vegan and vegetarian products.

TÜV Rheinland is one of the leading players in the management system certification market. The company offers reliable and authenticated certification services. The company is focusing on meeting emerging demands for management system certification products and solutions driven by the rising production of digital content, growing use of payment gateways, an increasing number of cloud data centers, and many others. The company has a proven track record for management system certification fixtures and caters to various verticals, including banking and financial services and IT & telecommunications.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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Northbrook, IL 60062
USA : 1-888-600-6441
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