This book gives a thorough explanation of standardization, its processes, its life cycle, and its related organization on a national, regional and global level. The book provides readers with an insight in the interaction cycle between standardization organizations, government, industry, and consumers. The readers can gain a clear insight to standardization and innovation process, standards, and innovations life-cycle and the related organizations with all presented material in the field of information and communications technologies. The book introduces the reader to understand perpetual play of standards and innovation cycle, as the basis for the modern world.