November 25, 2020

Digital Badges Market Opportunities 2020-2027 with Industry Size, Competitor Analysis and Regional Demand

The Global Digital Badges Marketis estimated to reach USD 299.8 Million by 2027 at a CAGR of 19.1%.

Digital Badges is a validated indicator of an individual for finding out their achievement, skill, quality, approach, and capacity. These badges can be seen on websites to certify their originality and to acknowledged employees and the organization. It is used to track the accomplishment of any skill achieve by any individual. It is also a sunset of digital credentials that serve digital evidence and acknowledge of learning or achievement for accomplishment.

Digital Badges Market: Drivers & Challenges

Market Drivers:

  • Highly Adoption for Blockchain Technology

Blockchain technology is an important component for boosting the growth of digital badges market with its transparency and security. It is used to set a record for every transaction and credential to improve fraud protection for the organization or the companies. Also, it is used for recording digital credentials on a Blockchain that brings an additional layer of external verification to the issuers. Moreover, there is no additional cost to record digital qualifications and abilities.

Hence, high adoption for Blockchain technology is expected to surge the digital badges market during the forecast period.

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  • Increasing Growth in Online Training and Guidance Services

The demand for digital badges is increasing in the demand for online training and guidance. Also it provides a various advantage such as learning new skills and development. The online training and education institutes are growing rapidly and anticipated that the adoption of digital learning and social learning will increase. However, digital badges are becoming an essential part of online education and training. These will help and motivate the fresher to get a skilful environment with great knowledge.

This trend is expected to continue in the forecast period, which is anticipated to drive the digital badges market during the forecast period.

Market Challenges:

  • Lack of IT Support

IT framework is one of the major parts of the growth & development of the 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 in the forecast period. However, the companies are facing the shortage of workers with a unique skill set and support in the IT framework.

Digital Badges Market: Key Segments

  • Based on Type: Participants Badges, Achievement Badges, Recognized Badges, and Certification Badges
  • Segment by Offering: Services and Platforms
  • Based on Application: Education, Retail, Corporation, Gaming, and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

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Digital Badges Market: Report Scope

The report on the digital badges market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

  • EbizON (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Credly, Inc.
  • Discendum Ltd.
  • Instructure, Inc.
  • Accreditrust Technologies, LLC.
  • Basno
  • Badgecraft
  • Forall Systems, Inc.
  • Accredible
  • Badgr
  • Other Key Companies

Digital Badges Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Digital Badges Market, By Type

  • Participants Badges
  • Achievement Badges
  • Recognized Badges
  • Certification Badges

Digital Badges Market, By Offering

  • Services
  • Platforms

Digital Badges Market, By Application

  • Education
  • Retail
  • Corporation
  • Gaming
  • Others

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Digital Badges Market, By Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the important developments impacting the global market and its advancement?
  • What will be the outcome of the developments in the global market in the industry and on the market competitor in the near and far future?
  • What is the type of global markets?
  • What are the growing applications of the global market?
  • What are the major characteristics that will influence the global market growth across the study period?
  • Who is the key global player driver in the market?
  • How are the major players leveraging in the definite global market conditions?

Table of Content

    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Highly Adoption of Blockchain Technology
      2. Increasing Growth in Online Training and Guidance Services
    3. Restraints
      1. Lack of IT Support
    4. Opportunities
      1. Growing Online Gaming Industry
      2. Development in Digital Platforms
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. DIGITAL BADGES MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Participants Badges
    3. Achievement Badges
    4. Recognized Badges
    5. Certification Badges
    6. Motivating Badges
    7. Assessing Badges
    1. Introduction
    2. Services
    3. Platforms
    1. Introduction
    2. Education
    3. Retail
    4. Corporation
    5. Gaming
    6. Others
  9. DIGITAL BADGES MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. The Netherlands
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Taiwan
      6. Rest of Asia-Pacific
    4. Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. EbizON
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Credly, Inc.
    3. Accredible
    4. Discendum Ltd.
    5. Accreditrust Technologies, LLC.
    6. Badgecraft
    7. Instructure, Inc.
    8. Basno
    9. Forall Systems, Inc.
    10. Badgr
    11. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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