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Industry Landscape
The global standards and certification industry is robust and expanding, driven by increased regulatory demands, globalization of trade, and a growing emphasis on quality, safety, and sustainability. Digital transformation and emerging technologies are necessitating new standards, while complexities in implementation and varying adoption rates pose challenges. The industry is proactive in addressing climate change and ESG concerns.
Total Assets Under Management (AUM)
Global Standards Market Size in United States
~Unknown
(5-7% CAGR)
Growth is driven by: - Increasing demand for product safety and quality. - Rising adoption of management system standards. - Expanding international trade and regulatory frameworks.
Total Addressable Market
100-150 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Blockchain for Certification
Blockchain technology can enhance the transparency, immutability, and traceability of certification processes, ensuring greater trust and reducing fraud.
AI-Powered Compliance Monitoring
Artificial Intelligence can automate the monitoring and analysis of compliance data, identifying deviations and ensuring adherence to standards more efficiently.
Digital Twins for Standard Implementation
Digital twins can create virtual replicas of physical systems, allowing for real-time simulation and optimization of standard implementation and performance monitoring.
Impactful Policy Frameworks
NIST AI Risk Management Framework (2023)
The National Institute of Standards and Technology (NIST) published its Artificial Intelligence Risk Management Framework in January 2023, providing voluntary guidance to better manage risks to individuals, organizations, and society associated with artificial intelligence (AI).
This framework will influence the development of new standards for trustworthy AI, impacting how ISO develops and promotes AI-related standards and how businesses ensure the ethical and safe use of AI.
Cybersecurity Maturity Model Certification (CMMC) 2.0 (2021)
The Department of Defense (DoD) released CMMC 2.0 in November 2021, a revamped program designed to enhance the cybersecurity posture of the defense industrial base, requiring contractors to meet specific cybersecurity standards to handle sensitive government information.
CMMC 2.0 directly impacts businesses seeking DoD contracts, necessitating adherence to new cybersecurity standards and potentially driving demand for ISO 27001 certification and related services.
SEC Climate-Related Disclosures (Proposed 2022)
The Securities and Exchange Commission (SEC) proposed rules in March 2022 that would require public companies to disclose extensive climate-related information in their registration statements and periodic reports, including greenhouse gas emissions.
While still proposed, this policy will significantly increase demand for ESG (Environmental, Social, and Governance) standards and certifications, influencing ISO's focus on sustainability-related standards and requiring businesses to comply with new reporting mandates.
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