Growing End-use Adoption to Fuel Sales of ISO Certification Market During the Forecast Period

Persistence Market Research has analyzed several factors of the ISO certification market from a global perspective and has skilfully presented the insights based on these aspects in its new research publication titled “ISO Certification Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The analytical research study covers various trends, developments, restraints and challenges faced by ISO certificates which has impacted the global market for ISO certificates.The report covers analysis on each and every segment of the ISO certification market thus giving a realistic market scenario which can be used to assess future moves from a strategic standpoint.

To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/19369

Global ISO Certification Market: Current Scenario

The global ISO certification market is valued at about US$ 11.8 Bn in 2017. The global market has witnessed a negative CAGR and is poised to reach a valuation of around US$ 2.8 Bn by the end of 2025. The huge volume of re-certification during the timeline 2017-2018 and huge renewal of certifications during the year 2023-2024 is the main reason for the market to show a negative CAGR.

Global ISO Certification Market: Drivers

With the emergence of new technologies and launching of new products, plenty of nonstandard, low quality products are available in the market. These products may prove harmful to customers in various ways. As a result, customers are becoming increasingly aware of the safety and quality of products, thereby raising the demand for products which are certified with some renowned standards. As such, all the renowned enterprises across various industries are increasingly focusing on the standardization of their products and processes, giving rise to growth in the certification market.

Environmental degradation has become a cause of concern in major parts of the world. Recently, numerous government regulations tightened the operations of industries in order to reduce their harmful effects on the environment. Stringent regulations have also has forced industries to obtain environmental management systems certification so that their operations remain unhindered. Apart from sticking to governmental regulations, industries now experience a lot of other benefits, including monetary and non-monetary benefits, like gaining a competitive advantage, growing interest of insurance companies, increasing investor confidence, creating a positive public image, and developing better customer relationships. Moreover, certifications can enhance the business operations by enabling them to use the resources more effectively and reduce the amount of waste generated by them. All these benefits lure organizations across various industries to get certified with the latest environmental management systems certifications, thereby raising demand for the ISO 14001:2015 certifications market.

For comprehensive insights on keyword adoption, ask an analyst here@ https://www.persistencemarketresearch.com/ask-an-expert/19369

Global ISO Certification Market: Restraints

The process of certification relies on heavy documentation, which requires a long amount of time to complete. This long-lasting process increases the complexity of the business, thereby hindering the operations of companies, especially the small firms. This may hold back many companies from attaining certification, thereby hindering the growth of the market. This coupled with high cost of certification are posing challenges to the growth of the global ISO certification market.

Global ISO Certification Market: Segmental Acumen

The global ISO certification market is segmented by certification, by industry and by region.

  • Environmental management systems ISO 14001:2015 segment in the certification category is expected to be the largest segment followed by information security management systems ISO 27001:2013 certification. The environmental management systems ISO 14001:2015 segment is valued at about US$ 4.3 Bn in 2017
  • By region, Asia Pacific is likely to be the largest region and is highly lucrative for the global ISO certification market. The Asia Pacific ISO certification market, by the end of 2025, is anticipated to reach a value of about US$ 1.4 Bn
  • By industry, the others segment is the largest thus dominating the global market. In 2017, this segment reflected a value of about US$ 6.4 Bn

Global ISO Certification Market: Competitive Analysis

The global ISO certification market research report includes key players such as

  • Bureau Veritas
  • DNV GL AS (International Standards Certifications Global FZ LLC)
  • SGS SA
  • Lloyd’s Register Group Services Limited
  • Intertek
  • The British Standards Institution
  • CERTIFICATION EUROPE
  • NQA
  • Lakshy Management Consultant Pvt. Ltd.
  • URS Holdings
  • Others.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/19369

About us:

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

“Strategic assets” form the repository of Persistence Market Research’s industry-specific solutions. This is evident from the range of clients – right from fast-growing startups to Fortune 500 companies looking upon Persistence Market Research as their trusted solution-partner.

 

Contact us:

Persistence Market Research

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- sales@persistencemarketresearch.com

Recommended For You

About the Author: seo

Leave a Reply

Your email address will not be published. Required fields are marked *