Benefits of standardization

Benefits to companies:

  • cost reduction
  • increased market opportunities through access to broader markets and faster development of new markets
  • competitive positioning
  • improved risk management
  • Enhanced reputation

Benefits to public authorities:

  • efficient development and promotion of measures of public utility (supporting e.g. safety, security, protection of the environment)
  • higher efficiency in achieving targets, e.g. essential requirements for categories of products or services to be matched by market forces
  • contribution to economic development and support of  consumer interests (e.g. by opening markets and stimulating competition)