Digital Badges Market To Reach USD 299.8 Million In 2027

Global Digital Badges Market: Key Highlights

According to the new market research report “Digital Badges Market by Type (Participants Badges, Achievement Badges, Recognized Badges, Certification Badges), By Offering (Services and Platforms), By Application (Education, Retail, Corporation, Gaming, and Others), By Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027) “the Global Digital Badges Market is estimated & to reach USD 299.8 Million in 2027 at a CAGR of 19.1% during forecast period 2019-2027.
Increasing adoption of Blockchain technology is excepted to improve fraud detection and transparency of data for the organization in the forecast period.
However, the lack of IT support issues are expected to hinder the growth of the market during the forecast period.

Digital Badges Market

Global Digital Badges Market: Key Market Dynamics

Online training and education institutes are growing rapidly and anticipated that the adoptions of digital learning and social learning will increase are some other major factors expected to boost the growth of the global 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 during forecast period.
Highly adoption for Blockchain technology that brings an additional level of external verification to the issuers which are expected to boost the growth of the market in the forecast period.
Growing online gaming industry bring a recognition for achievements as well as has the ability observer the gamer performance which is excepted to promote the digital badges market in the estimated years.

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Global Digital Badges Market: Regional Overview

Asia-Pacific

The Asia-Pacific is becoming major region for fast-growing digital economies. This region is expected to achieve unprecedented growth in the digital badges market. China is anticipated to remain the largest digital commerce market in Asia. However, countries such as Indonesia and India are emerging with new growth and developments with digital platforms. Furthermore, digital transformation has been supported the new emerging technologies such as cloud, big data and business model innovation in the regions. Also, the region supports the digital revolution companies such as Alibaba, Baidu, and Tencent that are providing a wide range of services from e-commerce, FinTECH, and cloud-based technologies for the issuer in China.

Europe

The European Commission has launched many services to drive the digital single market and to advance technologies such as digital platforms and big data. Moreover, the Member States Board on Digital Entrepreneurship assists the Commission in molding the European Union (EU) vision, and short as well as the long-term strategy on digital entrepreneurship. Furthermore, the European Commission anticipated that Artificial Intelligence (AI) will improve the growth for EU citizens and that bring major benefits to society and economy.

Global Digital Badges Market: Key Players Overview

Credly, Inc.:

The Credly, Inc. is one of the leading players of digital credential which create a platform for recognizing the achievements and the opportunities more accessible. The company provides an end to end solutions and badges management system for issuers. It also provides free platforms for Publicly, free webinars and a support for the badges systems design. Moreover, in 2018 Credly acquired Pearson’s Acclaim and together the Credly Acclaim Platform is providing a comprehensive global solution for recognizing skills, achievement and capabilities for reaching everywhere learning takes place and skills are assessed.

Discendum Ltd.:

Discendum Ltd. provides online services for learning and competencies of the issuers. The company also produces consulting services for organizations of type of organizations. Moreover, companies also provide a solution for flexible online platforms and competence development. The companies provide the solutions of open badges to recognize and verify not only formal but also informal learning.

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