Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Global Digital Badges Market Size, Share & Industry Trends Analysis Report By Type, By Offering (Platform, and Services), By End User (Academic, Corporate, Government, Non-profit Organizations), By Regional Outlook and Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
This report analyzes key trends, market size, share, and industry development through 2030. Showcasing a substantial growth rate of 15.2% CAGR, the digital badges industry is expected to achieve a remarkable $700.8 million by the end of 2030.
Digital badges are becoming increasingly popular across various sectors including academic institutions, corporate organizations, government entities, and non-profit organizations. The in-depth study offers insights into how these digital tokens of achievement are revolutionizing the recognition and verification of skills and education.
Market Dynamics and Regional Perspectives
The surge in online educational platforms and innovative gamification techniques in learning are driving forces behind the augmented market growth. Despite the remarkable adoption rates, the market faces challenges such as the necessity for robust IT infrastructure to support the deployment and maintenance of digital badge systems, especially in emerging economies where digital expansion is still underway.
The North American market leads the Global Digital Badges Market landscape thanks to the region's advanced IT infrastructure and the increasing competition for professional development opportunities. Government departments especially are adopting digital badges to validate training programs and competencies, which aligns with organizational goals and fosters a culture of accountability.
Segment Analysis and End-User Outlook
This meticulous analysis delves into different types of digital badges including certification, recognition, participation, achievement, and contribution badges, exploring the particular growth patterns and usage across various domains. The achievement badges segment, which recognizes micro-credentials and skill advancements, has shown substantial market penetration.
The report further categorizes the market based on offerings, splitting it into platform and services, and highlights the extensive services provided to facilitate the issuance of digital badges. These services include design, development, support, training, and consulting, which are essential for seamless operational integration. The government sector emerged as a significant adopter of digital badges in 2022. The standardization of skill recognition through digital badges in governmental organizations is expected to promote more efficient operations and personnel alignment with strategic missions.
Key Market Developments
A series of strategic market maneuvers such as partnerships, acquisitions, and product launches have been detailed in the report, showcasing how key players are positioning themselves to capture market opportunities and expand their offerings to meet evolving consumer needs.
Companies Mentioned
- Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, L.P.)
- Skillsoft Corporation
- PeopleCert Group (PeopleCert Holdings UK Ltd.)
- EdInvent, Inc. (Accredible)
- Parchment LLC (Credentials eSCRIP-SAFE)
- Accreditrust Technologies, LLC
- Asset Chain Techlligence Private Limited (TruScholar)
- Basno, Inc.
- Sertifier Inc.
- Tech99 Innovations Pvt. Ltd. (CertifyMe)
For more information about this report visit https://www.researchandmarkets.com/r/zdhs2l
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