Global Digital Badges Market Size, Share & Trends Analysis Report by Offering (Platform and Services) and by End-Users (Academic Institutions and Corporate), and Forecast, 2019 - 2025.
Digital badges are token given to an individual for the accomplishment of certain skill or educational course across a range of learning environment. Each digital badge represents a distinctive image and a specific criterion for its recognition. This criterion offers information regarding the badge representation and an appropriate evidence that supports its awarding. Badges provides a more cooperative and complete picture of the skills and achievements of the learners.
Increasing focus on the development of professional skills of employees in the developed economies such as the US, is significantly escalating the market growth in the region. The key IT players such as SAP, IBM Corp., Oracle, and SAS, among others, have launched professional learning programs to strengthen the culture of education across the globe. Moreover, the introduction of gamification in the education industry is expected to attract the attention of reluctant and unmotivated learners towards the education sector, which in turn, is projected to offer growth opportunity to the digital badges market across the globe.
Furthermore, the market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America contributes the largest share in the global digital badges market in 2018. The rapid adoption of online education platform for the enhancement of educational skills to cater the evolving competition among individuals is majorly fueling the growth of the digital badges market in the region. Moreover, the presence of key players operating in the digital badges market has further propelled the direct adoption of advanced facilities in the technology, which is augmenting the market growth. Asia-Pacific is considered to exhibit the fastest growth in the global digital badges market during the forecast period. This is majorly due to rapid expansion of corporate sector with increasing number of startups that are incorporating innovative technologies that is expected to propel the Asia-Pacific digital badges market in the near future.
Major market players operating in the global digital badges market include Accredible, Accreditrust Technologies, LLC, Concentric Sky, Inc., and Nocti Business Solutions, among others. These companies adopt various strategies such as geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovations in their core competency in order to stay competitive in the market.
Research Methodology
The market study of the global digital badges market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the publisher's.
Secondary sources include:
The report is intended for IT service providers, badge issuers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
Global digital badges market is segmented on the basis of regional outlook and following segments:
1. Global Digital Badges Market Research and Analysis by Offering
2. Global Digital Badges Market Research and Analysis by End-User
3. Global Digital Badges Market Research and Analysis by Geography
The report covers:
Digital badges are token given to an individual for the accomplishment of certain skill or educational course across a range of learning environment. Each digital badge represents a distinctive image and a specific criterion for its recognition. This criterion offers information regarding the badge representation and an appropriate evidence that supports its awarding. Badges provides a more cooperative and complete picture of the skills and achievements of the learners.
Increasing focus on the development of professional skills of employees in the developed economies such as the US, is significantly escalating the market growth in the region. The key IT players such as SAP, IBM Corp., Oracle, and SAS, among others, have launched professional learning programs to strengthen the culture of education across the globe. Moreover, the introduction of gamification in the education industry is expected to attract the attention of reluctant and unmotivated learners towards the education sector, which in turn, is projected to offer growth opportunity to the digital badges market across the globe.
Furthermore, the market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America contributes the largest share in the global digital badges market in 2018. The rapid adoption of online education platform for the enhancement of educational skills to cater the evolving competition among individuals is majorly fueling the growth of the digital badges market in the region. Moreover, the presence of key players operating in the digital badges market has further propelled the direct adoption of advanced facilities in the technology, which is augmenting the market growth. Asia-Pacific is considered to exhibit the fastest growth in the global digital badges market during the forecast period. This is majorly due to rapid expansion of corporate sector with increasing number of startups that are incorporating innovative technologies that is expected to propel the Asia-Pacific digital badges market in the near future.
Major market players operating in the global digital badges market include Accredible, Accreditrust Technologies, LLC, Concentric Sky, Inc., and Nocti Business Solutions, among others. These companies adopt various strategies such as geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovations in their core competency in order to stay competitive in the market.
Research Methodology
The market study of the global digital badges market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the publisher's.
Secondary sources include:
- Financial reports of companies involved in the market
- Authentic Public Databases such as the HASTAC (Humanities, Arts, Science, and Technology Alliance and Collaboratory), All Aboard, and others
- Whitepapers, research-papers and news blogs
- Company websites and their product catalogue.
The report is intended for IT service providers, badge issuers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
Global digital badges market is segmented on the basis of regional outlook and following segments:
1. Global Digital Badges Market Research and Analysis by Offering
2. Global Digital Badges Market Research and Analysis by End-User
3. Global Digital Badges Market Research and Analysis by Geography
The report covers:
- Comprehensive research methodology of the global digital badges market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global digital badges market.
- Insights about market determinants which are stimulating the global digital badges market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Accredible
- Accreditrust Technologies, LLC
- Badgecraft UAB
- Basno, Inc.
- Canva, Pty Ltd
- Concentric Sky, Inc.
- Credly, Inc.
- Discendum Oy
- EbizON
- Forall Systems, Inc.
- Nocti Business Solutions
- Pearson Education, Inc.
- Portfolium, Inc.
- Youtopia.com
