Global Digital Badges Market, By Component (Platform and Services), Type (Participation, Recognition, Achievement, Contribution and Certification), End User (Academic and Corporate), Industry Vertical (Banking Financial Services and Insurance, Retail and E-Commerce, Manufacturing, Government and Defense, Energy and Utilities, IT and Telecom, Education, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Global Digital Badges Market
Data Bridge Market Research analyses that the digital badges market would exhibit a CAGR of 19.10% for the forecast period. Rising trend for the adoption of online courses and training programs, rising incorporation of block chain technology with the digital badges and increasing adoption of digital badges by the various verticals such as banking financial services and insurance, retail and e-commerce, manufacturing, government and defense, energy and utilities, IT and telecom, education, healthcare, and others for the improvement in office productivity are the major factors attributable to the growth of digital badges market.
Also known as e-badges, the digital badges are the awards in the form of certificate or anything else that an individual gets on successful attainment of skills and knowledge over a period of time. In other words, a digital badge is a validated indicator that is that is issued by a certified badge issuer. There is no limit to bag digital badges and can be achieved in a wide range of fields.
Increased demand for e-learning and distance education especially during the coronavirus pandemic has resulted in growth in the digital badges market value. Increasing adoption of online learning and investment by companies on professional skill development and other skills of their employees will also create lucrative growth opportunities for the digital badges market. Ever-rising business competitiveness coupled with rising digitization of economies will also foster the digital badges market growth rate.
However, lack of a strong IT infrastructure in the developing and under developed economies will pose a major challenge to the growth of digital badges market. Moreover slow adoption rate in such economies will further derail the digital badges market growth rate. Further, lack of universal acceptability across institutions and countries will also dampen the digital badges market growth rate.
This digital badges market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital badges market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Badges Market Scope and Market Size
The digital badges market is segmented on the basis of component, type, end user and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the digital badges market has been segmented into platform and services. Services segment is further sub-segmented into professional services and managed services.
- On the basis of type, the digital badges market has been segmented into participation badges, recognition badges, achievement badges, contribution badges and certification badges.
- On the basis of end user, the digital badges market has been segmented into academic and corporate. Academic segment is sub-segmented into k-12 and higher education. Corporate segment is sub-segmented into small and medium enterprises and large enterprises.
- On the basis of industry vertical, the digital badges market has been segmented into banking financial services and insurance, retail and e-commerce, manufacturing, government and defense, energy and utilities, IT and telecom, education, healthcare and others.
Global Digital Badges Market Country Level Analysis
Global digital badges market is analysed and market size insights and trends are provided by country, component, type, end user and industry vertical as referenced above.
The countries covered in the digital badges market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the digital badges market and will continue to flourish its trend of dominance during the forecast period. This is because of the increased adoption of digital badges by small and medium scale enterprises for the skills development of employees. Asia-Pacific on the other hand will project the highest CAGR for the forecast period owing to the booming IT sector, rapid digitization of developing economies and rising trend of online learning and distance education.
The country section of the digital badges market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Badges Market Share Analysis
The digital badges market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital badges market.
The major players covered in the digital badges market report are Credly, Inc., Accredible, Nocti Business Solutions (NBS), Forall Systems, Inc., LearningTimes, RedCritter Corp., Concentric Sky, Inc., Blackboard Inc., Badgecraft, Badge List, Basno, Inc., Be Badges, CINECA, Discendum Oy, Ebizon, Instructure, Inc., Youtopia and Accreditrust Technologies, LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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