The latest study on the Digital Badges Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
The global digital badges market size is expected to reach USD 0.79 Billion in 2032 and register a steady revenue CAGR of 16.5% during the forecast period, according to the latest analysis by Emergen Research. The use of blockchain for digital badges can be attributed to the steady market revenue growth. Blockchain technology has been evaluated in the context of digital credentials and certificates, however, it does not provide the best answer. As previously stated, ‘blockchain alone does not solve security problems’ and ‘sensitive data with long-term protection needs must be specially protected in a blockchain,’ according to an official recommendation issued by the German Federal Office for Information Security (BSI).
The Digital Badges market represents a dynamic and innovative approach to credentialing and recognition in the digital age. Digital badges, also known as micro-credentials or open badges, are digital representations of skills, achievements, or competencies earned by individuals through various learning experiences, training programs, or assessments. Unlike traditional paper-based certificates, digital badges are verifiable, portable, and shareable across digital platforms, enabling individuals to showcase their accomplishments in a digital format.
Drivers of Digital Badges Market
Several factors are driving the growth of the Digital Badges market, reflecting the increasing demand for flexible, accessible, and verifiable credentials in today’s knowledge-based economy. One of the primary drivers is the growing recognition of alternative forms of credentialing beyond traditional degrees and certifications, driven by the rapid pace of technological change and the evolving nature of work. Digital badges offer a cost-effective and scalable solution for validating specific skills and competencies acquired through online courses, workshops, boot camps, or informal learning experiences, catering to the diverse needs and preferences of learners and professionals
Major Companies and Competitive Landscape
The Digital Badges Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Pearson, Instructure, Skillsoft, Peoplecert, Accredible, Parchment, Ebizon, Accreditrust Technologies, Badge List, Badgecraft
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/digital-badges-market
Key inclusions of the Digital Badges Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Digital Badges Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Digital Badges Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Digital Badges Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Digital Badges Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Digital Badges Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global digital badges market on the type, offering, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019–2032)
- Certification Badges
- Recognition Badges
- Participation Badges
- Achievement Badges
- Contribution Badges
- Offering Outlook (Revenue, USD Billion; 2019–2032)
- Platforms
- Services
- Professional Services
- Managed Services
- End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Academic
- K-12
- Higher Education
- Corporate
- SMEs
- Large Enterprises
- Government
- Non-Profit Organizations
- Other End-Use
- Academic
Regional Analysis of the Digital Badges Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Digital Badges Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Digital Badges Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.