What defines an industry standard?

An industry standard is defined as an established norm or requirement developed by professionals within a specific field. These standards are often created through a consensus among experts who have in-depth knowledge of the practices and needs of the industry. They serve as benchmarks for quality, safety, and efficiency, helping to ensure that products and services meet minimum requirements that are generally accepted within the field.

This definition places emphasis on the collaborative nature and professionalism involved in forming industry standards, distinguishing them from informal guidelines or suggestions. While regulatory bodies may influence or suggest standards, and laws may enforce specific rules, industry standards themselves arise from professional consensus rather than government mandates or casual recommendations.