Persistence Market Research Reports ISO Certification Market | Page 2

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.
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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.
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 market.