Standards have a pervasive impact on our daily lives and will continue to shape and affect lives worldwide for years. They are a fundamental requirement of international trade for multinational organizations and represent a door to new markets for organizations of any size. Support industry worldwide by reducing the costs of developmental processes and research as technology improves and new efficiencies are achieved, they play a crucial part in enabling products that are safer, are of higher quality, and are more useful for consumers.
Global Standards Publishing Market: 2018 updates Outsell’s standards market profile and identifies changing trends and top players to watch. The standards market continues to undergo fundamental digital transformation, whilst also focused on the challenges and opportunities presented by the changing end user landscape. This sector continues to see decent growth, but faces other key issues including:
- The speed of the standardization cycle;
- Adaption to an evolving commercial landscape e.g.: new regulations, pricing competition, and ongoing threats to the standards publishing business model
- Changing needs around partnership and collaboration;
As the standards market enters a period of transformation that will see industry structures and processes fundamentally altered, the report also includes essential actions for those looking to remain relevant in a changing world in order to strengthen, protect, and expand their value propositions in the face of market risks and challenges.
To create our market sizing estimates, we took revenue data from Outsell’s information industry database for all major players in this space and conducted a bottom-up calculation of total revenues from the sale of standards. We specified the revenues for such products using guidance available in publicly available financial filings, investor presentations, and annual reports, along with Outsell’s own informed estimates. We corroborated our findings with information provided by public bodies, research performed by trade bodies and national standards organizations, and Outsell’s portfolio of related primary research. Outsell also held targeted interviews with leading standards development organizations and resellers, creating a qualitative picture of market drivers, disruptors, and the competitive landscape necessary to yield a 360-degree view of the market. Representatives participating in our research came from organizations that included AENOR, ANSI, ASME, ASTM, BSI, CSA, DIN/Beuth, IEC, IEEE, IHS Markit, ISO, JSA, MadCad, NEN, SAE, SAI Global, Techstreet, and XSB.
A deep understanding of information-centric disruptive forces, daily interaction with executives in the information industry, and analysis of products and services that Outsell conducts as part of its advisory services further supported our analysis.
Why This Topic
Impact of Currency Conversion
Market Growth and Performance
Global Coverage Regional Perspective
Market Composition and Competitive Landscape
Performance by Category
Key Trends and Market Drivers
Figure 1. Standards Market Size 2015-2017($ millions)
Figure 2. Standards Market Size and Growth Forecast 2017-2021 ($ millions)
Figure 3. Global Coverage: Standards Market
Figure 4. Standards Revenue by Organization Type, 2017-10
Figure 5. Aggregators Standards Revenue by Provider, 2017
Figure 6. National Standards Body Standards Revenue by Provider, 2017
Figure 7. Standards Development Organization Standards Revenue by Provider, 2017
Table 1. Effects of Conversion from £, €, Australian Dollars, Swiss Francs, Yen and Yuan into US $
Table 2. Top 10 Standards Providers, 2017 ($ millions)
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