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Digital Badges Market by Offering (Platforms and Services), Type (Certification, Participation, Recognition, Achievement, Contribution), End User (Academic, Corporate, Government, Non-profit Organizations) and Region - Global Forecast to 2028

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    Report

  • 184 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 4604475
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Use of Blockchain for Digital Badges is to Drive the Market

The Digital badges market is estimated at USD 0.2 billion in 2023 and is projected to reach USD 0.5 billion by 2028, at a CAGR of 16.5% from 2023 to 2028. Various key players in the ecosystem have led to a competitive and diverse market. 

By offering, a platform segment to hold the largest market size during the forecast period.

Digital badge platforms offer a wide range of features that simplify the creation, issuance, management, and verification of digital badges. Users can leverage these solutions to design and customize badges using templates and metadata, ensuring unique and informative representations of achievements. The badge issuance process is made convenient, supporting both automated procedures and manual approval workflows. Effective badge management features allow for easy organization, setting of expiration dates, and the ability to update or revoke badges when necessary. To maintain authenticity, digital badge solutions offer verification mechanisms such as embedded metadata or integration with external verification services. By enabling recipients to display badges on websites, social media profiles, or digital portfolios, these solutions provide opportunities to share accomplishments with peers, potential employers, or educational institutions, promoting recognition and professional growth. Digital badge solutions bring numerous benefits to organizations and individuals alike. For organizations, these solutions provide a tangible and portable method of recognizing and motivating individuals, encouraging ongoing learning and skill development. By enhancing online visibility and credibility, digital badges strengthen the professional profiles of individuals, increasing their chances of career advancement.

Based on services, the professional services segment is expected to register the largest market size during the forecast period. 

Professional services for digital badges play a crucial role in supporting organizations and individuals in effectively utilizing digital badges. These services provide specialized expertise and guidance in various aspects of digital badges, including strategy development, badge design and development, badge issuance and management, verification and authentication, analytics and reporting, integration with existing systems, and support for recognition and promotion. By leveraging professional services, organizations and individuals can effectively plan, design, implement, and manage their digital badge programs. Service providers ensure the proper use of digital badges by offering insights, best practices, and technical support throughout the entire lifecycle of the badge program. They help ensure that digital badges align with organizational goals, are visually appealing, credible, and easily verifiable.

Asia Pacific to register the second highest growth rate during the forecast period.

The Asia Pacific region is expected to emerge as the fastest-growing market for digital badges and learning solutions. The region has started adopting smart eLearning solutions for academic institutes and corporate houses. Asia Pacific organizations are trying their best to gain better RoI on talent development, fulfill employee learning requirements, offer proper employee training, and receive quantifiable business outcomes. As many organizations have tight learning budgets, they prefer technology-enabled learning approaches, which are also cost-effective, to impart training and supply resources to their learners. Many learning solution vendors are expanding their reach and exploring opportunities in the Asia Pacific region by offering personalized learning environments and catering to the fluctuating demands of the market. These vendors are enabling the integration of digital badges in their solutions for social learning, mobile learning, and adaptive learning to provide a continuous learning environment. 

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 15%, Tier 2 - 25%, and Tier 3 - 60%
  • By Designation: C-level -45%, D-level - 30%, and Others - 25%
  • By Region: North America - 45%, Europe - 25%, Asia Pacific - 20%, and the Rest of the World- 10%.

The major players in the Digital badges market Pearson (UK), Instructure (US), SkillSoft Corporation (US), PeopleCert (UK), Accredible (US), Parchment (US), EbizON (India), Accreditrust Technologies (US), Badgecraft (Lithuania), Badge List (US), Bestr (Italy), Basno (US), Saarni Learning Oy (Finland), ForAllSystems (US), LearningTimes (US), Nocti Business Solutions (US), Knowledge Catalyst, Learning Vault, Hyperstack (US), TruScholar (India), CredSure.io (Germany), CertifyMe (US), Convergence.Tech (Canada), Open Badge Factory (Finland), Sertifier (US), Certopus (India), and Virtualbadge.io (Germany). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Digital badges market. 

Research Coverage

The market study covers the Digital badges market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings (platform and services), type, end user and region. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the global Digital badges market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

  • Analysis of key drivers (growth in the adoption of online education, increasing focus on employees’ professional development, and use of blockchain for digital badges), restraints (lack of IT infrastructure in developing countries), opportunities (growing emphasis on lifelong learning and gamification in the education industry), and challenges (lack of digital badge equivalents and budget constraints for education institutions) influencing the growth of the Digital badges market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Digital badges market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Digital badges market across various regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Digital badges market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players Pearson (UK), Instructure (US), SkillSoft Corporation (US), PeopleCert (UK), Accredible (US), Parchment (US), EbizON (India), Accreditrust Technologies (US), Badgecraft (Lithuania), Badge List (US), Bestr (Italy), Basno (US), Saarni Learning Oy (Finland), ForAllSystems (US), LearningTimes (US), Nocti Business Solutions (US), Knowledge Catalyst, Learning Vault, Hyperstack (US), TruScholar (India), CredSure.io (Germany), CertifyMe (US), Convergence.Tech (Canada), Open Badge Factory (Finland), Sertifier (US), Certopus (India), and Virtualbadge.io (Germany).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation
Figure 1 Digital Badges Market Segmentation
1.3.2 Regions Covered
1.3.3 Inclusions and Exclusions
1.3.4 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates, 2020-2022
1.5 Stakeholders
1.6 Recession Impact
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Digital Badges Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
Figure 3 Approaches Used for Market Size Estimation
Figure 4 Approach 1: Supply-Side Analysis of Revenue from Platforms and Services
2.2.1 Bottom-Up Approach
Figure 5 Bottom-Up Approach
Figure 6 Approach 1 (Bottom-Up, Supply Side): Collective Revenue of Digital Badges Vendors
2.2.2 Top-Down Approach
Figure 7 Top-Down Approach
2.2.3 Digital Badges Market Estimation: Demand-Side Analysis
Figure 8 Demand-Side Analysis
2.3 Data Triangulation
Figure 9 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
2.6 Implication of Recession

3 Executive Summary
Figure 10 Digital Badges Market Growth Trend, 2023-2028 (USD Million)
Figure 11 Market, by Region, 2023

4 Premium Insights
4.1 Brief Overview of Market
Figure 12 Increase in Enrolment in Online Courses to Drive Market Growth During Forecast Period
4.2 Leading Segments in Digital Badges Market
Figure 13 Leading Segments in the Market in 2023
4.3 Market, by Offering
Figure 14 Digital Badge Platforms to Dominate Over Services Market in 2023
4.4 Market, by Service
Figure 15 Managed Services to Witness Higher Growth Than Professional Services Market
4.5 Market, by End-user
Figure 16 Academic End-users to Lead Market in 2023 and 2028

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 17 Digital Badges Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growth in Adoption of Online Education
5.2.1.2 Increase in Focus on Employees’ Professional Development
5.2.1.3 Use of Blockchain for Digital Badges
5.2.2 Restraints
5.2.2.1 Lack of It Infrastructure in Emerging Economies
5.2.3 Opportunities
5.2.3.1 Growth in Emphasis on Lifelong Learning
5.2.3.2 Gamification of the Education Industry
5.2.4 Challenges
5.2.4.1 Lack of Digital Badge Equivalents
5.2.4.2 Budget Constraints for Educational Institutions
5.3 Industry Trends
5.3.1 Open Badge Infrastructure
Figure 18 Open Badge Infrastructure
5.3.2 Ecosystem Analysis
Figure 19 Digital Badges Market: Ecosystem
Table 2 Market: Ecosystem
5.3.3 Case Study Analysis
5.3.3.1 Gmac Uses Digital Badges to Increase Visibility of Admissions Program
5.3.3.2 Truscholar Modernizing Wirc of Icai
5.3.3.3 Jigsawmindz Growing Its Visibility Through Digital Badges
5.3.3.4 Hootsuite Uses Digital Badges to Recognize and Reward Learning
5.3.4 Value Chain Analysis
Figure 20 Digital Badges Market: Value Chain Analysis
5.3.4.1 Government Regulatory Authorities
5.3.4.2 Digital Badge Solution Providers
5.3.4.3 Service Providers
5.3.5 Regulatory Landscape
5.3.5.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 3 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 RoW: Regulatory Bodies, Government Agencies, and Other Organizations
5.3.5.2 North America
5.3.5.2.1 US
5.3.5.2.2 Canada
5.3.5.3 Europe
5.3.5.4 Asia-Pacific
5.3.5.4.1 China
5.3.5.4.2 India
5.3.5.5 Middle East & Africa
5.3.5.5.1 UAE
5.3.5.6 Latin America
5.3.5.6.1 Brazil
5.3.6 Key Conferences & Events
Table 7 Detailed List of Conferences & Events, 2023-2024
5.3.7 Pricing Analysis
5.3.7.1 Average Selling Price of Key Players
Table 8 Average Selling Price Ranges of Subscription-Based Digital Badge Services
5.3.7.2 Average Selling Price Trend
5.3.8 Porter's Five Force Model
Table 9 Impact of Each Porter's Force on Digital Badges Market
5.3.8.1 Threat from New Entrants
5.3.8.2 Threat from Substitutes
5.3.8.3 Bargaining Power of Buyers
5.3.8.4 Bargaining Power of Suppliers
5.3.8.5 Intensity of Competitive Rivalry
5.3.9 Technology Analysis
5.3.9.1 Blockchain
5.3.9.2 Metadata
5.3.9.3 Big Data
5.3.10 Patent Analysis
5.3.10.1 Methodology
5.3.10.2 Document Types
Table 10 Patents Filed, 2021-2023
5.3.10.3 Innovation and Patent Applications
Figure 21 Number of Patents Granted Annually, 2021-2023
Table 11 Patents Granted in Digital Badges Market, 2021-2023
5.3.11 Trends and Disruptions Impacting Buyers/Clients

6 Digital Badges Market, by Offering
6.1 Introduction
Figure 22 Digital Badge Services to Grow at Highest CAGR During Forecast Period
6.1.1 Offering: Market Drivers
Table 12 Market, by Offering, 2017-2022 (USD Million)
Table 13 Market, by Offering, 2023-2028 (USD Million)
6.2 Platforms
6.2.1 Showcasing Expertise with Digital Credentials
Table 14 Platforms: Market, by Region, 2017-2022 (USD Million)
Table 15 Platforms: Market, by Region, 2023-2028 (USD Million)
6.3 Services
Table 16 Services: Digital Badges Market, by Region, 2017-2022 (USD Million)
Table 17 Services: Market, by Region, 2023-2028 (USD Million)
Table 18 Services: Market, by Type, 2017-2022 (USD Million)
Table 19 Services: Market, by Type, 2023-2028 (USD Million)
Figure 23 Managed Services Segment to Grow at Highest CAGR During Forecast Period
6.3.1 Professional Services
6.3.1.1 Gaining Competitive Edge in Digital Badges Through Professional Services
Table 20 Professional Services: Market, by Region, 2017-2022 (USD Million)
Table 21 Professional Services: Market, by Region, 2023-2028 (USD Million)
6.3.2 Managed Services
6.3.2.1 Managing Digital Badges Through Expert Guidance while Saving Time and Cost
Table 22 Managed Services: Market, by Region, 2017-2022 (USD Million)
Table 23 Managed Services: Market, by Region, 2023-2028 (USD Million)

7 Digital Badges Market, by End-user
7.1 Introduction
Figure 24 Government Segment to Grow at Higher CAGR During Forecast Period
7.1.1 End-user: Market Drivers
Table 24 Market, by End-user, 2017-2022 (USD Million)
Table 25 Market, by End-user, 2023-2028 (USD Million)
7.2 Academic
7.2.1 Nurturing Motivation and Personalized Learning
Table 26 Academic: Market, by Region, 2017-2022 (USD Million)
Table 27 Academic: Market, by Region, 2023-2028 (USD Million)
Table 28 Academic: Market, by Type, 2017-2022 (USD Million)
Table 29 Academic: Market, by Type, 2023-2028 (USD Million)
7.2.2 K-12
7.2.2.1 Ensuring Future-Ready School and Students
Table 30 K-12: Digital Badges Market, by Region, 2017-2022 (USD Million)
Table 31 K-12: Market, by Region, 2023-2028 (USD Million)
7.2.3 Higher Education
7.2.3.1 Complementary and Supplementary Credentials to Traditional Transcripts
Table 32 Higher Education: Market, by Region, 2017-2022 (USD Million)
Table 33 Higher Education: Market, by Region, 2023-2028 (USD Million)
7.3 Corporate
7.3.1 Tangible Rewards to Foster Employee Engagement
Table 34 Corporate: Market, by Region, 2017-2022 (USD Million)
Table 35 Corporate: Market, by Region, 2023-2028 (USD Million)
Table 36 Corporate: Market, by Type, 2017-2022 (USD Million)
Table 37 Corporate: Market, by Type, 2023-2028 (USD Million)
7.3.2 Smes
7.3.2.1 Demand to Keep Track of Employee Competencies
Table 38 Smes: Digital Badges Market, by Region, 2017-2022 (USD Million)
Table 39 Smes: Market, by Region, 2023-2028 (USD Million)
7.3.3 Large Enterprises
7.3.3.1 Standardization by Aligning Badge Programs with Desired Skill Frameworks to Ensure Consistency in Training Efforts
Table 40 Large Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 41 Large Enterprises: Market, by Region, 2023-2028 (USD Million)
7.4 Government
7.4.1 Standardizing Employee Skills Across Established Frameworks to Meet Organizational Objectives and Build Public Trust
Table 42 Government: Market, by Region, 2017-2022 (USD Million)
Table 43 Government: Market, by Region, 2023-2028 (USD Million)
7.5 Non-Profit Organizations
7.5.1 Digital Non-Profit Credentials Showcasing Expertise in Social Good
Table 44 Non-Profit Organizations: Market, by Region, 2017-2022 (USD Million)
Table 45 Non-Profit Organizations: Market, by Region, 2023-2028 (USD Million)
7.6 Other End-users
Table 46 Other End-users: Market, by Region, 2017-2022 (USD Million)
Table 47 Other End-users: Market, by Region, 2023-2028 (USD Million)

8 Digital Badges Market, by Type
8.1 Introduction
Figure 25 Participation Badge to Register Higher CAGR During Forecast Period
8.1.1 Type: Market Drivers
Table 48 Market, by Type, 2017-2022 (USD Million)
Table 49 Market, by Type, 2023-2028 (USD Million)
8.2 Certification Badges
8.2.1 Reliable Means of Evaluating Candidates’ Qualifications for Employers
Table 50 Certification Badges: Market, by Region, 2017-2022 (USD Million)
Table 51 Certification Badges: Market, by Region, 2023-2028 (USD Million)
8.3 Recognition Badges
8.3.1 Enhancing Stakeholder Engagement
Table 52 Recognition Badges: Digital Badges Market, by Region, 2017-2022 (USD Million)
Table 53 Recognition Badges: Market, by Region, 2023-2028 (USD Million)
8.4 Participation Badges
8.4.1 Motivating Participation and Expanding Networks
Table 54 Participation Badges: Market, by Region, 2017-2022 (USD Million)
Table 55 Participation Badges: Market, by Region, 2023-2028 (USD Million)
8.5 Achievement Badges
8.5.1 Showcasing Accomplishments to Build Credibility
Table 56 Achievement Badges: Market, by Region, 2017-2022 (USD Million)
Table 57 Achievement Badges: Market, by Region, 2023-2028 (USD Million)
8.6 Contribution Badges
8.6.1 Recognizing Contributions That Made Difference
Table 58 Contribution Badges: Market, by Region, 2017-2022 (USD Million)
Table 59 Contribution Badges: Market, by Region, 2023-2028 (USD Million)

9 Digital Badges Market, by Region
9.1 Introduction
Table 60 Market, by Region, 2017-2022 (USD Million)
Table 61 Market, by Region, 2023-2028 (USD Million)
9.2 North America
9.2.1 North America: Recession Impact
9.2.2 North America: Market Drivers
Figure 26 North America: Market Snapshot
Table 62 North America: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 63 North America: Market, by Offering, 2023-2028 (USD Million)
Table 64 North America: Market, by Service, 2017-2022 (USD Million)
Table 65 North America: Market, by Service, 2023-2028 (USD Million)
Table 66 North America: Market, by Type, 2017-2022 (USD Million)
Table 67 North America: Market, by Type, 2023-2028 (USD Million)
Table 68 North America: Market, by End-user, 2017-2022 (USD Million)
Table 69 North America: Market, by End-user, 2023-2028 (USD Million)
Table 70 North America: Market, by Academic End-user, 2017-2022 (USD Million)
Table 71 North America: Market, by Academic End-user, 2023-2028 (USD Million)
Table 72 North America: Market, by Corporate End-user, 2017-2022 (USD Million)
Table 73 North America: Market, by Corporate End-user, 2023-2028 (USD Million)
Table 74 North America: Market, by Country, 2017-2022 (USD Million)
Table 75 North America: Market, by Country, 2023-2028 (USD Million)
9.2.3 US
9.2.3.1 Adopted by Big Tech Corporations to Track Employee Skills and Competencies
Table 76 US: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 77 US: Market, by Offering, 2023-2028 (USD Million)
Table 78 US: Market, by Service, 2017-2022 (USD Million)
Table 79 US: Market, by Service, 2023-2028 (USD Million)
Table 80 US: Market, by Type, 2017-2022 (USD Million)
Table 81 US: Market, by Type, 2023-2028 (USD Million)
Table 82 US: Market, by End-user, 2017-2022 (USD Million)
Table 83 US: Market, by End-user, 2023-2028 (USD Million)
9.2.4 Canada
9.2.4.1 Increase in Implementation of Digital Badges by National Professional Associations
Table 84 Canada: Market, by Offering, 2017-2022 (USD Million)
Table 85 Canada: Market, by Offering, 2023-2028 (USD Million)
Table 86 Canada: Market, by Service, 2017-2022 (USD Million)
Table 87 Canada: Market, by Service, 2023-2028 (USD Million)
Table 88 Canada: Market, by Type, 2017-2022 (USD Million)
Table 89 Canada: Market, by Type, 2023-2028 (USD Million)
Table 90 Canada: Market, by End-user, 2017-2022 (USD Million)
Table 91 Canada: Market, by End-user, 2023-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Recession Impact
9.3.2 Europe: Market Drivers
Table 92 Europe: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 93 Europe: Market, by Offering, 2023-2028 (USD Million)
Table 94 Europe: Market, by Service, 2017-2022 (USD Million)
Table 95 Europe: Market, by Service, 2023-2028 (USD Million)
Table 96 Europe: Market, by Type, 2017-2022 (USD Million)
Table 97 Europe: Market, by Type, 2023-2028 (USD Million)
Table 98 Europe: Market, by End-user, 2017-2022 (USD Million)
Table 99 Europe: Market, by End-user, 2023-2028 (USD Million)
Table 100 Europe: Market, by Academic End-user, 2017-2022 (USD Million)
Table 101 Europe: Market, by Academic End-user, 2023-2028 (USD Million)
Table 102 Europe: Market, by Corporate End-user, 2017-2022 (USD Million)
Table 103 Europe: Market, by Corporate End-user, 2023-2028 (USD Million)
Table 104 Europe: Market, by Country, 2017-2022 (USD Million)
Table 105 Europe: Market, by Country, 2023-2028 (USD Million)
9.3.3 UK
9.3.3.1 Growth in Interest in Education, Employment, and Skills Development Sector
Table 106 UK: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 107 UK: Market, by Offering, 2023-2028 (USD Million)
Table 108 UK: Market, by Service, 2017-2022 (USD Million)
Table 109 UK: Market, by Service, 2023-2028 (USD Million)
Table 110 UK: Market, by Type, 2017-2022 (USD Million)
Table 111 UK: Market, by Type, 2023-2028 (USD Million)
Table 112 UK: Market, by End-user, 2017-2022 (USD Million)
Table 113 UK: Market, by End-user, 2023-2028 (USD Million)
9.3.4 Germany
9.3.4.1 Increase in Government Initiatives
9.3.5 Spain
9.3.5.1 Rise in Popularity of Digital Badges in Education Sector
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Recession Impact
9.4.2 Asia-Pacific: Market Drivers
Figure 27 Asia-Pacific: Digital Badges Market Snapshot
Table 114 Asia-Pacific: Market, by Offering, 2017-2022 (USD Million)
Table 115 Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 116 Asia-Pacific: Market, by Service, 2017-2022 (USD Million)
Table 117 Asia-Pacific: Market, by Service, 2023-2028 (USD Million)
Table 118 Asia-Pacific: Market, by Type, 2017-2022 (USD Million)
Table 119 Asia-Pacific: Market, by Type, 2023-2028 (USD Million)
Table 120 Asia-Pacific: Market, by End-user, 2017-2022 (USD Million)
Table 121 Asia-Pacific: Market, by End-user, 2023-2028 (USD Million)
Table 122 Asia-Pacific: Market, by Academic End-user, 2017-2022 (USD Million)
Table 123 Asia-Pacific: Market, by Academic End-user, 2023-2028 (USD Million)
Table 124 Asia-Pacific: Market, by Corporate End-user, 2017-2022 (USD Million)
Table 125 Asia-Pacific: Market, by Corporate End-user, 2023-2028 (USD Million)
Table 126 Asia-Pacific: Market, by Country, 2017-2022 (USD Million)
Table 127 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
9.4.3 China
9.4.3.1 Rise in Number of People Using Mobile Devices
Table 128 China: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 129 China: Market, by Offering, 2023-2028 (USD Million)
Table 130 China: Market, by Service, 2017-2022 (USD Million)
Table 131 China: Market, by Service, 2023-2028 (USD Million)
Table 132 China: Market, by Type, 2017-2022 (USD Million)
Table 133 China: Market, by Type, 2023-2028 (USD Million)
Table 134 China: Market, by End-user, 2017-2022 (USD Million)
Table 135 China: Market, by End-user, 2023-2028 (USD Million)
9.4.4 Japan
9.4.4.1 Greater Interest in Lifelong Learning and Educational Reforms
9.4.5 India
9.4.5.1 Increase in Value for Micro-Credentials and Upskilling
9.4.6 Australia & New Zealand
9.4.6.1 Rise in Adoption of Digital Badge Solutions in Australia & New Zealand
9.4.7 South Korea
9.4.7.1 Well-Developed Elearning Infrastructure
9.4.8 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Recession Impact
9.5.2 Middle East & Africa: Market Drivers
Table 136 Middle East & Africa: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 137 Middle East & Africa: Market, by Offering, 2023-2028 (USD Million)
Table 138 Middle East & Africa: Market, by Service, 2017-2022 (USD Million)
Table 139 Middle East & Africa: Market, by Service, 2023-2028 (USD Million)
Table 140 Middle East & Africa: Market, by Type, 2017-2022 (USD Million)
Table 141 Middle East & Africa: Market, by Type, 2023-2028 (USD Million)
Table 142 Middle East & Africa: Market, by End-user, 2017-2022 (USD Million)
Table 143 Middle East & Africa: Market, by End-user, 2023-2028 (USD Million)
Table 144 Middle East & Africa: Market, by Academic End-user, 2017-2022 (USD Million)
Table 145 Middle East & Africa: Market, by Academic End-user, 2023-2028 (USD Million)
Table 146 Middle East & Africa: Market, by Corporate End-user, 2017-2022 (USD Million)
Table 147 Middle East & Africa: Market, by Corporate End-user, 2023-2028 (USD Million)
Table 148 Middle East & Africa: Market, by Region, 2017-2022 (USD Million)
Table 149 Middle East & Africa: Market, by Region, 2023-2028 (USD Million)
9.5.3 Middle East
9.5.3.1 Increase in Popularity of Online Training and Government Initiatives
Table 150 Middle East: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 151 Middle East: Market, by Offering, 2023-2028 (USD Million)
Table 152 Middle East: Market, by Service, 2017-2022 (USD Million)
Table 153 Middle East: Market, by Service, 2023-2028 (USD Million)
Table 154 Middle East: Market, by Type, 2017-2022 (USD Million)
Table 155 Middle East: Market, by Type, 2023-2028 (USD Million)
Table 156 Middle East: Market, by End-user, 2017-2022 (USD Million)
Table 157 Middle East: Market, by End-user, 2023-2028 (USD Million)
9.5.4 Africa
9.5.4.1 Ngo Initiatives and Pilot Badge Programs
9.6 Latin America
9.6.1 Latin America: Recession Impact
9.6.2 Latin America: Market Drivers
Table 158 Latin America: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 159 Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 160 Latin America: Market, by Service, 2017-2022 (USD Million)
Table 161 Latin America: Market, by Service, 2023-2028 (USD Million)
Table 162 Latin America: Market, by Type, 2017-2022 (USD Million)
Table 163 Latin America: Market, by Type, 2023-2028 (USD Million)
Table 164 Latin America: Market, by End-user, 2017-2022 (USD Million)
Table 165 Latin America: Market, by End-user, 2023-2028 (USD Million)
Table 166 Latin America: Market, by Academic End-user, 2017-2022 (USD Million)
Table 167 Latin America: Market, by Academic End-user, 2023-2028 (USD Million)
Table 168 Latin America: Market, by Corporate End-user, 2017-2022 (USD Million)
Table 169 Latin America: Market, by Corporate End-user, 2023-2028 (USD Million)
Table 170 Latin America: Market, by Country, 2017-2022 (USD Million)
Table 171 Latin America: Market, by Country, 2023-2028 (USD Million)
9.6.3 Brazil
9.6.3.1 Rise in Digital Badges Projects and Initiatives
Table 172 Brazil: Digital Badges Market, by Offering, 2017-2022 (USD Million)
Table 173 Brazil: Market, by Offering, 2023-2028 (USD Million)
Table 174 Brazil: Market, by Service, 2017-2022 (USD Million)
Table 175 Brazil: Market, by Service, 2023-2028 (USD Million)
Table 176 Brazil: Market, by Type, 2017-2022 (USD Million)
Table 177 Brazil: Market, by Type, 2023-2028 (USD Million)
Table 178 Brazil: Market, by End-user, 2017-2022 (USD Million)
Table 179 Brazil: Market, by End-user, 2023-2028 (USD Million)
9.6.4 Mexico
9.6.4.1 Potential for Learning and Development Through Ngo Initiatives
9.6.5 Rest of Latin America

10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Players
Table 180 Overview of Strategies Adopted by Key Players
10.3 Historical Revenue Analysis
Figure 28 Historical Revenue Analysis of Key Players, 2020-2022 (USD Million)
10.4 Market Share Analysis of Key Players
Table 181 Digital Badges Market: Degree of Competition
10.5 Competitive Benchmarking
Table 182 Competitive Benchmarking of Key Players
10.6 Company Evaluation Matrix
10.6.1 Company Evaluation Matrix Methodology
Figure 29 Evaluation Quadrant Matrix for Key Players: Criteria Weightage
10.6.2 Stars
10.6.3 Emerging Leaders
10.6.4 Pervasive Players
10.6.5 Participants
Figure 30 Evaluation Quadrant Matrix for Key Players, 2023
10.7 Competitive Scenario
10.7.1 Deals
Table 183 Deals, 2020-2023

11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
11.1 Pearson
Table 184 Pearson: Business Overview
Figure 31 Pearson: Company Snapshot
Table 185 Pearson: Products/Solutions/Services Offered
Table 186 Pearson: Deals
11.2 Instructure
Table 187 Instrcuture: Business Overview
Table 188 Instrcuture: Products/Solutions/Services Offered
Table 189 Instructure: Deals
11.3 Skillsoft
Table 190 Skillsoft: Business Overview
Figure 32 Skillsoft: Company Snapshot
Table 191 Skillsoft: Products/Solutions/Services Offered
11.4 Peoplecert
Table 192 Peoplecert: Business Overview
Figure 33 Peoplecert: Company Snapshot
Table 193 Peoplecert: Products/Solutions/Services Offered
Table 194 Peoplecert: Deals
11.5 Accredible
Table 195 Accredible: Business Overview
Table 196 Accredible: Products/Solutions/Services Offered
Table 197 Accredible: Deals
11.6 Parchment
Table 198 Parchment: Business Overview
Table 199 Parchment: Products/Solutions/Services Offered
Table 200 Parchment: Deals
11.7 Ebizon
Table 201 Ebizon: Business Overview
Table 202 Ebizon: Products/Solutions/Services Offered
11.8 Accreditrust Technologies
11.9 Badge List
11.10 Badgecraft
11.11 Bestr
11.12 Basno
11.13 Saarni Learning Oy
11.14 Forall Systems
11.15 Learningtimes
11.16 Nocti Business Solutions
11.17 Knowledge Catalyst
11.18 Learning Vault
11.19 Hyperstack
11.2 Truscholar
11.21 Certifyme
11.22 Convergence.Tech
11.23 Open Badge Factory
11.24 Sertifier
11.25 Credsure
11.26 Virtualbadge.Io
11.27 Certopus
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

12 Adjacent/Related Markets
12.1 Introduction
12.2 Learning Management System Market
12.2.1 Market Definition
12.2.2 Market Overview
12.2.3 Learning Management System Market, by Component
Table 203 Learning Management System Market, by Component, 2017-2021 (USD Million)
Table 204 Learning Management System Market, by Component, 2022-2027 (USD Million)
12.2.4 Learning Management System Market, by Delivery Mode
Table 205 Learning Management System Market, by Delivery Mode, 2017-2021 (USD Million)
Table 206 Learning Management System Market, by Delivery Mode, 2022-2027 (USD Million)
12.2.5 Learning Management System Market, by User Type
Table 207 Learning Management System Market, by User Type, 2017-2021 (USD Million)
Table 208 Learning Management System Market, by User Type, 2022-2027 (USD Million)
12.2.6 Learning Management System Market, by Deployment Type
Table 209 Learning Management System Market, by Deployment Type, 2017-2021 (USD Million)
Table 210 Learning Management System Market, by Deployment Type, 2022-2027 (USD Million)
12.2.7 Learning Management System Market, by Region
Table 211 Learning Management System Market, by Region, 2017-2021 (USD Million)
Table 212 Learning Management System Market, by Region, 2022-2027 (USD Million)
12.3 Smart Learning Market
12.3.1 Market Definition
12.3.2 Market Overview
12.3.3 Smart Learning Market, by Component
Table 213 Smart Learning Market, by Component, 2017-2020 (USD Million)
Table 214 Smart Learning Market, by Component, 2021-2026 (USD Million)
Table 215 Smart Learning Market, by Hardware, 2017-2020 (USD Million)
Table 216 Smart Learning Market, by Hardware, 2021-2026 (USD Million)
Table 217 Smart Learning Market, by Software, 2017-2020 (USD Million)
Table 218 Smart Learning Market, by Software, 2021-2026 (USD Million)
12.3.4 Smart Learning Market, by Service
Table 219 Smart Learning Market, by Service, 2017-2020 (USD Million)
Table 220 Smart Learning Market, by Service, 2021-2026 (USD Million)
12.3.5 Smart Learning Market, by Learning Type
Table 221 Smart Learning Market, by Learning Type, 2017-2020 (USD Million)
Table 222 Smart Learning Market, by Learning Type, 2021-2026 (USD Million)
12.3.6 Smart Learning Market, by End-user
Table 223 Smart Learning Market, by End-user, 2017-2020 (USD Million)
Table 224 Smart Learning Market, by End-user, 2021-2026 (USD Million)
12.3.7 Smart Learning Market, by Region
Table 225 Smart Learning Market, by Region, 2017-2020 (USD Million)
Table 226 Smart Learning Market, by Region, 2021-2026 (USD Million)

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Accredible
  • Accreditrust Technologies
  • Badge List
  • Badgecraft
  • Basno
  • Bestr
  • Certifyme
  • Certopus
  • Convergence.Tech
  • Credsure
  • Ebizon
  • Forall Systems
  • Hyperstack
  • Instructure
  • Knowledge Catalyst
  • Learning Vault
  • Learningtimes
  • Nocti Business Solutions
  • Open Badge Factory
  • Parchment
  • Pearson
  • Peoplecert
  • Saarni Learning Oy
  • Sertifier
  • Skillsoft
  • Truscholar
  • Virtualbadge.Io

Methodology

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Table Information

Report AttributeDetails
No. of Pages184
PublishedJuly 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 0.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 0.5 Billion
Compound Annual Growth Rate16.5%
Regions CoveredGlobal
No. of Companies Mentioned27

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About the Digital Badge Market

The Digital Badge market is a subset of the Internet and E-Commerce industry. It is a system of digital credentials that are used to recognize and validate an individual's skills, knowledge, and achievements. Digital Badges are typically issued by organizations, such as educational institutions, employers, and professional associations, and are stored and shared online. They are used to demonstrate an individual's qualifications and accomplishments, and can be used to verify an individual's identity and credentials. Digital Badges can also be used to promote and market products and services, as well as to reward customers for their loyalty. The Digital Badge market is growing rapidly, driven by the increasing demand for digital credentials and the need for organizations to verify an individual's qualifications and accomplishments. The market is also being driven by the increasing use of mobile devices and the growing popularity of social media. Some companies in the Digital Badge market include Credly, Accredible, Badgr, and Open Badge Passport. Show Less Read more

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