Market Driven Standardization: Everyone Can Win

Technical standards are basic to the exploitation of all technology. For almost 100 years, national and international standards development organizations (SDOs) have developed voluntary, consensus-based standards and reduced the need for government dominated standardization and state regulation. Voluntary, consensus technical standardization has provided flexible economical standardization at less cost and with greater flexibility than government control throughout the 20th century. Now at the beginning of the 21st century, a new standardization trend has emerged: market-driven standardization.[1]