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Home ➤ Semiconductor and Electronics ➤ Electronics System and Components ➤ Management System Certification Market
Management System Certification Market
Management System Certification Market
Published date: Nov 2024 • Formats:
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  • Home ➤ Semiconductor and Electronics ➤ Electronics System and Components ➤ Management System Certification Market

Management System Certification Market By Certification Type (Product Certification, System Certification), By Application (Agriculture and Food, Construction and Infrastructure, Energy and Power, Industrial and Manufacturing, Medical and Life Sciences), By Service Type, By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021–2031

  • Published date: Nov 2024
  • Report ID: 73169
  • Number of Pages: 259
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Free Sample
  • Introduction

    Management System Certification Market explore the latest trends and forecasts in the Technology Market. Discover key drivers, top players, and upcoming innovations shaping the industry’s future.

    Uncertified products are typically made from low-quality components that are expected to fail safety and quality tests, and as such, can only be relied upon for a short duration of time.

    On the other hand, certified products have passed prerequisite terms, conditions, tests, etc., established by an independent body of specialists. Moreover, it is safe to utilize products that meet these requirements as they’ve been put through rigorous testing to ensure user health and safety.

    All industries, from small consumer electronics to the aerospace & defense sector can benefit from certification services. Certification services for agricultural and food products, for example, inspect the quality of seeds and crops.

    Seed source verifications, field inspections, seed quality analysis, seed genetic purity evaluations, and seed treatments are all part of the seed certification process. These certifications are carried out at each stage and between stages of a product’s development lifecycle, where verification services examine the uniformity, completeness, and accuracy of goods in terms of efficiency and performance.

    They assess items at each stage of production to ensure that they fulfill compliance standards established earlier. Intertek, for example, offers document verifications, initial production checks, in-production checks, and import and export verifications, among other services.

    Detailed Segmentation –

    Based on Certification Type:

    • Product Certification
    • System Certification

    Based on Service Type:

    • Certification and Verification
    • Training and Business Assurance

    Based on Application:

    • Consumer Goods & Retail
    • Agriculture and Food
    • Construction and Infrastructure
    • Energy and Power
    • Industrial and Manufacturing
    • Medical and Life Sciences
    • Oil & Gas and Petroleum
    • Automotive
    • Aerospace
    • Marine
    • IT and Telecom

    Based on Region

    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

    Market Dynamics –

    Drivers:

    Key certifications provided by recognized and reliable authorities assist such businesses in increasing their legitimacy and general efficiency. Through various forms of marketing, companies connect with clients to assure them of a product’s quality. As a result, several individuals prefer goods that are labeled and certified, resulting in branded businesses generating more revenue.

    Governments also promote the adoption of certified products and services to ensure the safety of its consumers. For example, food companies in India with the Food Safety and Standards Authority of India (FSSAI) accreditation can guarantee that their products are made according to strict guidelines and are safe to eat.

    As a result of the strong commitment, manufacturing businesses make to their clients in terms of delivering high-quality goods and services, as a means of maintaining their respective market position, management system certification industry players have been able to influence a majority of existing industries.

    Restraints:

    Differing local norms and standards across various locations are expected to create impediments to a product’s international acceptability as trade becomes more globalized. This is expected to lead to several inconsistencies between local and international standards, potentially stifling market expansion prospects.

    Variations in regulatory requirements among nations can also result in tax disparities, resulting in additional expenditures for businesses (for example, the hiring of local staff to handle tax-related issues, etc.). Certification firms are subject to local laws and must follow the rules & regulations of a country in which they operate, which may limit their efficiency.

    Furthermore, there are always dangers associated with standardization and the quality of certification services offered by certification firms, such as potential product failure, the erratic functioning of a product, etc. For example, vehicle emission regulations vary between Europe and APAC, creating ambiguity for market players when it comes to adopting emission standards, resulting in longer lead times, inefficiencies, and other business-related concerns.

    Opportunities:

    In terms of revenue movement from industrialized to developing economies, the certification market has indexed a significant shift in adoption levels, particularly among smaller economies such as Bangladesh and Nepal.

    For example, these aforementioned nations are working on enhancing their certification services for industries such as healthcare and life sciences to ensure that medical equipment is tested and is safe to operate.

    Governments in countries such as China, South Korea, and Japan have transitioned from physical to digital platforms in order to strengthen infrastructure and services made available to the public.

    As the physical certification of goods and services has become almost impossible as a result of the COVID-19 pandemic, several businesses are now looking to be digitally certified instead. This is accomplished when a product examined with the help of an electronic device, such as a computer, monitor, etc., and noticeable faults, if any, are found in this manner.

    Several certification providers across the world continue to provide analog services. Although, improvements in digitalized services are expected to create new market growth prospects, certain services, such as food & beverage product certifications, must still be provided using conventional methods.

    Recertification services, digital audits, remote audits, and online sampling are among the services offered by key companies in the management system certification market. Organizations deliver alternatives to in-person services by combining digital, real-time, and remote capabilities without sacrificing product integrity or service quality.

    Threats:

    Multiple technologies have penetrated various end-use applications as a direct result of increased globalization levels. For personal and professional purposes, technology has facilitated significant changes in day-to-day operations and activities. This exponential rate of technological developments, as well as the significant impact that technology has had on businesses across the world, is immense.

    Cognitive, block-chain, cybersecurity and virtual reality are projected to become macro forces that will have a direct impact on how Testing, Inspection, and Certification (TIC) players view the market today. In the near future, new market hurdles that management system certification players may face are projected to emerge as a result of new digital experiences.

    For example, the consumer landscape for Augmented Reality (AR) and Virtual Reality (VR) testing is highly competitive; firms are constantly striving to differentiate themselves and achieve greater customer interaction levels.

    The existence of an immersive component makes automated or lab testing difficult, thereby making the certification of AR/VR technologies a difficult task. Hardware certification assists manufacturers in ensuring that the gadget functions properly, is built to fit, and is compatible with other simulation-related devices.

    Smaller participants in the management system certification ecosystem are experiencing difficulties in providing certification services for products that are centered around developing technologies.

    On the other hand, for emerging and smaller-sized companies in the global management system certification market, integrating developing technologies with various products for certification purposes in the automotive, IT, and telecom industry may become a hindrance.

    Major participants in the management system certification market may readily incorporate new and developing technologies into their existing service offerings owing to the prospects of increasing their given profit margins. For example, in early 2018, Bureau Veritas introduced Origin, the world’s first traceability label, which provides customers of the food & beverage, consumer goods, and retail industries with complete end-to-end verification of a product’s path.

    Origin provides consumers with a simple and practical approach to trace any related information irrespective of the stage in a product’s lifecycle. In-store shoppers can scan a QR code to learn more about a product’s history, leading to more informed purchases.

    As a result, smaller management system certification players should expect the integration of evolving technologies with existing service offerings, as well as the certification of products across several applications, to be a difficult assignment in the near future.

    Competitive Landscape –

    • SGS Group
    • Bureau Veritas
    • Intertek
    • TÜV NORD
    • Eurofins Scientific
    • DEKRA
    • DNV GL
    • UL

    Recent Development:

    • In December 2020, SGS a Singapore-based provider of geoengineering solutions for the construction and infrastructure industry, including soil research, instrumentation and monitoring, and geotechnical engineering, purchased RGIPL (Singapore). With the help of RGIPL, SGS was able to provide quality, safety, and compliance services for important infrastructure and construction projects.
    • Bureau Veritas released a comprehensive array of services for Electric Vehicle Charging Stations (EVCS) in December 2020, covering its entire lifecycle – from design to construction, to its commissioning and operations.
    • In August 2020, Intertek said that it would increase its presence in the APAC region by delivering 5G assurance, testing, and certification services. The expansion enables APAC manufacturers from a wide range of industries to test and certify the next generation of mobile and Internet of Things (IoT) products, in accordance with global market requirements, including those specific to the United States.

    For the Management System Certification Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Management System Certification Market
    Management System Certification Market
    Published date: Nov 2024
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    • SGS Group
    • Bureau Veritas
    • Intertek
    • TÜV NORD
    • Eurofins Scientific
    • DEKRA
    • DNV GL
    • Culligan Company Profile
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