Digital Badges Market: Summary
The Global Digital Badges Market is estimated to reach USD 299.8 Million by 2027 at a CAGR of 19.1%.
Digital Badges is a validated indicator of an individual for finding out their achievement, skill, quality, approach, and capacity. These badges can be seen on websites to certify their originality and to acknowledged employees and the organization. It is used to track the accomplishment of any skill achieve by any individual. It is also a sunset of digital credentials that serve digital evidence and acknowledge of learning or achievement for accomplishment.
Digital Badges Market: Drivers & Challenges
- Highly Adoption for Blockchain Technology
Blockchain technology is an important component for boosting the growth of digital badges market with its transparency and security. It is used to set a record for every transaction and credential to improve fraud protection for the organization or the companies. Also, it is used for recording digital credentials on a Blockchain that brings an additional layer of external verification to the issuers. Moreover, there is no additional cost to record digital qualifications and abilities.
Hence, high adoption for Blockchain technology is expected to surge the digital badges market during the forecast period.
- Increasing Growth in Online Training and Guidance Services
The demand for digital badges is increasing in the demand for online training and guidance. Also it provides a various advantages such as learning new skills and development. The online training and education institutes are growing rapidly and anticipated that the adoption of digital learning and social learning will increase. However, digital badges are becoming an essential part of online education and training. These will help and motivate the fresher to get a skilful environment with great knowledge.
This trend is expected to continue in the forecast period, which is anticipated to drive the digital badges market during the forecast period.
IT framework is one of the major parts of the growth & development of the digital badges market. However, lack of IT support and management in the field of education and institutes create an effective impact in the market which may restraint the adoption of the digital badges market in the forecast period. However, the companies are facing the shortage of workers with a unique skill set and support in the IT framework.
Digital Badges Market: Key Segments
- Based on Type: Participants Badges, Achievement Badges, Recognized Badges, and Certification Badges
- Segment by Offering: Services and Platforms
- Based on Application: Education, Retail, Corporation, Gaming, and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis
Digital Badges Market: Report Scope
The report on the digital badges market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020-2027 (2020 estimated year, forecasted up to 2027)
Value (USD Million)
Type, Offering, Application, and Region
Asia-Pacific, North America, Europe, Middle East & Africa, and South Americ
Key Companies Covered
- EbizON (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Credly, Inc.
- Discendum Ltd.
- Instructure, Inc.
- Accreditrust Technologies, LLC.
- Forall Systems, Inc.
- Other Key Companies
Digital Badges Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Digital Badges Market, By Type
- Participants Badges
- Achievement Badges
- Recognized Badges
- Certification Badges
Digital Badges Market, By Offering
Digital Badges Market, By Application
Digital Badges Market, By Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the important developments impacting the global market and its advancement?
- What will be the outcome of the developments in the global market in the industry and on the market competitor in the near and far future?
- What is the type of global markets?
- What are the growing applications of the global market?
- What are the major characteristics that will influence the global market growth across the study period?
- Who is the key global player driver in the market?
- How are the major players leveraging in the definite global market conditions?
- Digital Badges Market Providers
- Digital Badges Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Digital Badges Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE DIGITAL BADGES MARKET STUDY