Global ISO certification market to witness significant change in the coming years
The market study on ISO certificates provides an analysis of the global ISO certification market for the period of 2016-2025, wherein, 2016 is the base year and 2017 to 2025 is the forecast period. The study covers all the prevalent trends and products playing a major role in the growth of the market over the forecast period. It also highlights various restraints, trends and opportunities expected to influence the growth of the market during the forecast period. The market is segmented on the basis of certification, industry, and region.
The market size is estimated considering several factors such as certification costs, consulting costs, auditing costs and lead auditor training fees. Also, the renewal cycle of each certification, year on year newly registered ISO certification and re-certification deadline for newly launched versions like ISO 9001:2015 and ISO 14001:2015. In this report, the CAGR is negative for quality management system ISO 9001:2015 and information security management system ISO 27001:2013 certification. This is because of huge volume of re-certification from the ISO 9001:2008 version to the ISO 9001:2015 version and the 14001:2004 to ISO 14001:2015 version. ISO 9001 and ISO 14001 had higher adoption, and hold more than 90% of the market share during 2017-2018. This is mainly due to the huge volume of re-certification during the period 2017-2018. Because of this factor, the CAGR is negative for ISO 9001 and 14001 certifications, which is reflecting across all regions and industries. The global ISO certification market is valued at a market estimation of about US$ 11.8 Bn in 2017.
Others segment to lead the global market
Other segment in the industry category is expected to show high market value by the end of the 2025 as compared to other segments in the industry category. This segment is estimated to reach a valuation of more than US$ 1.5 Bn. In 2017, this segment reflected a value of US$ 6.4 Bn which is higher than other segments. This trend is likely to continue over the forecasted period.
The construction segment in the industry category is estimated to be the second largest in terms of market value. This segment, in 2017, generated revenue of more than US$ 1.4 Bn. By 2025, this segment is expected to show a value of around US$ 355 Mn, growing at a negative CAGR throughout the period of forecast, 2017-2025. The metallurgy segment is expected to show a value of about US$ 265 Mn and is valued at around US$ 950 Mn in 2017.
Regional analysis of the industry category
In North America, the others segment by industry reflected a value of about US$ 157 Mn in 2017. The others region in this category is likely to lead the other segments by industry type. In Europe, the construction segment is the second largest in terms of market share and value. Asia Pacific region also shares the same standing of the other industry type segment. In Asia Pacific, the construction segment is the second largest followed by the metallurgy segment.
Illuminating a global perspective
A recent market analysis on global ISO certification market has been carried out by Persistence Market Research that has systematically presented numerous facts and figures in its in-depth publication titled “ISO Certification Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. It covers several facets of the global market across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. A global market representation is depicted which will enable the reader to get a detailed glimpse of the global market based on which new strategies can be devised and executed based on the target audience. This report gives an in depth analysis on the various factors present in the global market which have an influence over the market expansion. Various opportunities and trends are also sketched which will decide the future prospects in the ISO certification market along with drivers that have a direct influence over the growth of the market. Analysis on market restraints is also included in this research study that can assist in chalking out detours to avoid hurdles in the market and plan an organized growth path for the coming years. A holistic approach just a click away, is what the research delivers.
A unique research methodology
A unique research process is followed at Persistence Market Research which is used to draw conclusions with the help of accurate statistical representations. Primary and secondary research are the two main arms of the research methodology applied here. Secondary research gives a direction to carry out further research based on the well-defined market definition. Primary interviews are conducted to gain deep insights on the market segments. Key acumen from market observers, opinion leaders and subject matter experts are also gleaned and the data points so obtained are cross verified during every primary interview thus ensuring the validated data to achieve a near 100% accuracy.
Also, know your competition
Decisions are always dependent upon situations, which can change due to any factor in the market, competition being one such aspect. A separate section on competitive scenario is available in the global ISO certification market research report which analyses the key market players involved in the market activities. Information on the various products and services (product portfolio), distribution channels, expansion in various geographies, growth strategies, marketing plans and promotion tactics, mergers and acquisitions taking place or taken place in the recent past, etc., are few the many important aspects that are analyzed about the key players present in the global ISO certification marke.
Why should you enquire about this research report?
The global ISO certification market research report delivers valuable insights and the credibility of the research report lies in this actionable intelligence that it provides, which can be used to establish a global footprint. Just a click away, the reader can avail information on any segment, any region and any technology. Real time analysis has increased the weightage of the research giving an all-inclusive angle to the market study which assists the viewers in chalking important corporate strategies pertaining to price, place and promotion along with regional forecasts.
Weighted Market Segmentation