The management system certification market has seen considerable growth due to a variety of factors.
• Over the recent years, the market size for management system certification has seen robust expansion. It is predicted to rise from $30.7 billion in 2024 to $32.64 billion in 2025 showcasing a compound annual growth rate (CAGR) of 6.3%.
Factors leading to this growth during the historic period include heightened concentration on regulatory certification requirements for quality management, the necessity for enhanced environmental performance, focus on occupational health and safety, along with the escalating complications of supply chains.
The management system certification market is expected to maintain its strong growth trajectory in upcoming years.
• The market for management system certification is anticipated to experience robust growth in the imminent years, expectedly reaching $41.08 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%.
This projected expansion in the forecasted period is due to factors such as the need for heightened information security, the increasing globalization of companies, growing consumer consciousness and demand for eco-friendly products, and stakeholder pressure for certification that offers a competitive edge. The forecast period will also see dominant trends such as the incorporation of AI and automation, the use of blockchain for ensuring transparency and traceability, and the rise of remote and virtual audits, along with the escalating usage of digital tools, the amalgamation of management systems and the surging adoption of remote audit technologies.
The management system certification market is expected to witness accelerated growth fueled by the mounting instances of data breaches. These breaches, which entail unauthorized intrusion into confidential data such as personal details, financial records, or intellectual property, are becoming more prevalent due to evolving cybercrime strategies and the susceptibilities created by remote work settings. Management system certification can substantially fortify an organization's prowess in deterring and dealing with data breaches through the creation of a sturdy framework for managing cybersecurity risks and imposing sufficient security measures. For example, the Identity Resource Theft Center, a non-profit organization based in the US, reported that in November 2023, there were 2,116 data breaches, surpassing the previous record of 1,862 breaches set in the entirety of 2021. Thus, the escalating occurrences of data breaches are propelling the expansion of the management system certification market.
The management system certification market covered in this report is segmented –
1) By Certification Type: Product Certification, Management System Certification
2) By Service Type: Certification And Verification, Training And Business Assurance
3) By Application: Quality Management Systems, Occupational Health And Safety, Information Security And Information Technology (IT), Cyber Security, Food And Safety, Environmental Management, Other Applications
4) By Vertical: Consumer Goods And Retail, Agriculture And Food, Chemicals, Construction And Infrastructure, Energy And Power, Industrial And Manufacturing, Mining, Oil And Gas And Petroleum, Public, Other Verticals
Subsegments:
1) By Product Certification: Safety Certification, Quality Certification, Environmental Certification, Others
2) By Management System Certification: ISO 9001, ISO 14001, ISO 45001, ISO 22000, ISO 50001, Others
Leading companies involved in the market for management system certification are incorporating techniques of artificial intelligence to establish a competitive advantage. By analyzing massive quantities of data from a wide array of sources, AI can detect trends, identify patterns, and uncover anomalies. Such analysis can benefit certification bodies and organizations by refining their certification processes, pinpointing areas for enhancement, and facilitating data-led decisions. For example, BSI, a commercial solutions firm based in the UK, provided support for responsible AI management in January 2024 through the introduction of a series of measures. These measures enable organizations to incorporate AI in a secure, controlled, and ethical manner. It encompasses certification for a revolutionary management system constructed to encourage the use of AI in a manner that is both responsible and safe across society. The program, designed in line with the recently launched international standard for AI management systems (BS ISO/IEC 42001), helps organizations with the responsible implementation of AI while addressing factors like opaque automated decision-making, the application of machine learning, and ongoing education.
Major companies operating in the management system certification market report are:
• SGS SA
• Bureau Veritas Group
• Eurofins Scientific Group
• DEKRA Group
• Intertek Group
• TÜV SÜD Group
• TÜV Rheinland Group
• Underwriters Laboratories Group
• DNV GL Group
• Technischer Überwachungsverein Nord Group
• Lloyd's Register Group
• SOCOTEC Certification Group
• British Standards Institution Group
• Kiwa Group
• SAI Global Group
• NSF International Group
• APCER Group
• DQS Inc.
• National Quality Assurance Group
• ABS Quality Evaluations Group
• International Association of Plumbing and Mechanical Officials Group
• Quality Austria Group
• Global Compliance Certification Group
• QMS International Group
Asia-Pacific was the largest region in the management system certification market in 2024. The regions covered in the management system certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.