International standardization covers a wide range of industrial, social and environmental areas as standards provide universally applicable and replicable solutions, requirements, methods and approaches to ensure the compliance of products, services, processes and systems to a defined level of quality and safety worldwide. Given that a wide range of industry experts are involved in the development of standards, maintaining up-to-date, common terminology within the industry can be considered essential to ensure common understanding among the parties involved in standardization and related activities. The paper focuses on identifying the aspects that characterize the importance of developing common terminology in standardization. The methodology is based on a literature review of research articles that address the issues of terminology in various fields of standardization. Following, qualitative content analysis through the application of open coding is performed to identify the aspects that describe the importance of developing common terminology in standardization. Main conclusions and results: A variety of aspects that characterize the importance of developing common terminology in standardization are identified, including ensuring common understanding, facilitating the exchange of knowledge, ordering knowledge and ensuring correct interpretation of terms, as well as eliminating variability, confusion and differential use of terms. The study reveals that a strong focus should be put on defining the terms to be used within the fields covered by standardization as common terminology based on a common understanding ensures that both the developers and users of standards are able to develop, communicate and understand the terms of the industry correctly.