Digital Badge Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	120 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260766

Best Price Guarantee
Price	from $4,850
Length	120 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260766

Digital Badge Market

Growth Factors of Digital Badge Market

The digital badge market size was valued at USD 193.0 billion in 2023, and the market is now projected to grow from USD 225.5 billion in 2024 to USD 748.2 billion by 2032, exhibiting a CAGR of 18.7% during the forecast period of 2024-2032.

Pandemic has increased the adoption of virtual badges through employees and HR personnel to bridge competencies gaps in remote work. These badges can distinguish candidates from others and offer sizable potential for growth. The growing use of online learning structures and funding in staff ability improvement has additionally pushed the market.

Digital badges serve as a motivator for employees by recognizing their achievements and fostering a positive work environment. This encourages employees to strive for excellence, leading to increased job satisfaction, improved productivity, and reduced turnover. The benefits of digital badges are driving market growth, with companies taking advantage of them to drive the digital badge market growth.

Blockchain-based stackable digital badges in expert education have multiplied learner engagement and grow to be a verifiable, truthful credentialing portfolio for every employee. These badges include encrypted metadata, indicating who earned them, how they have been issued, and the duration of the adventure. Receiving virtual badges as credit score for achievements boosts employee engagement, as nine out of ten learners value a learning report during their career. These badges help teachers increase and enhance their talents.

Comprehensive Analysis of Digital Badge Market

The digital badges market in 2022 is divided into achievement & contribution, participation & recognition, and certification. Digital badges are primarily used by organizations for sharing educational achievements, such as Specified Technologies, Inc., which introduced digital badges for distance learning and online courses. The certification segment is expected to grow at the highest CAGR, as it helps employers understand and validate candidates' skills, enhancing career growth. The market is primarily used by associations, training providers, universities/education, corporations, and nonprofit organizations. Associations can leverage competency-based learning to reduce recognition time, certification costs, and acquire marketing tools. Universities/education is expected to see a higher CAGR due to the widespread use of virtual credentialing systems, with 71% of administrators believing the development of new credentials is crucial for revenue and enrollment targets.

The North America region lead the digital badge market share by benefitting a market size of USD 68.4 billion in 2023 due to increased investments and collaborations from key players, the adoption of digital authentication, and the strengthening of online education and internet infrastructure, as well as the increasing partnerships between educational institutions and various programs.

Key global market players are enhancing participation, brand building, and customer acquisitions through social media, mergers, strategic partnerships, and high investments. Key companies profiled include Pearson, PeopleCert, Acredible, Skillssoft, Infrastructure, Certif-lD, Sertifier, BadgeCert, Digitary Australia, and BadgeList.

In April 2023, Cengage and Accredible partnered to provide digital badging and micro credentials to college students. Students can earn success badges for Microsoft Office 365 skills via introductory computing guides and MindTap, and may upload badges to their digital resumes, portfolios, or LinkedIn profiles for no extra fee.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 18.7% from 2023 to 2030

Unit Value (USD Million)

Segmentation By Type

Achievement and Contribution

Participation and Recognition

Certification

By End-User

Associations

Training Providers

Universities/Education

Corporations

Nonprofit Organizations

By Region

North America (By Type, End-User, and Country)

U.S. (By End-User)
Canada (By End-User)
Mexico (By End-User)

South America (By Type, End-User, and Country)

Brazil (By End-User)
Argentina (By End-User)
Rest of South America

Europe (By Type, End-User, and Country)

U.K. (By End-User)
Germany (By End-User)
France (By End-User)
Italy (By End-User)
Spain (By End-User)
Russia (By End-User)
Benelux (By End-User)
Nordics (By End-User)
Rest of Europe

Middle East & Africa (By Type, End-User, and Country)

Turkey (By End-User)
Israel (By End-User)
GCC (By End-User)
North Africa (By End-User)
South Africa (By End-User)
Rest of the Middle East & Africa

Asia Pacific (By Type, End-User, and Country)

China (By End-User)
Japan (By End-User)
India (By End-User)
South Korea (By End-User)
ASEAN (By End-User)
Oceania (By End-User)
Rest of Asia Pacific

Please Note:

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of COVID-19
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Digital Badge Key Players Market Share/Ranking, 2022
5. Global Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 5.1. Key Findings; 5.2. By Type (USD); 5.2.1. Achievement and Contribution; 5.2.2. Participation and Recognition; 5.2.3. Certification; 5.3. By End-Users (USD); 5.3.1. Associations; 5.3.2. Training Providers; 5.3.3. Universities/Education; 5.3.4. Corporations; 5.3.5. Nonprofit Organizations; 5.4. By Region (USD); 5.4.1. North America; 5.4.2. South America; 5.4.3. Europe; 5.4.4. Middle East & Africa; 5.4.5. Asia Pacific
6. North America Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 6.1. Key Findings; 6.2. By Type (USD); 6.2.1. Achievement and Contribution; 6.2.2. Participation and Recognition; 6.2.3. Certification; 6.3. By End-Users (USD); 6.3.1. Associations; 6.3.2. Training Providers; 6.3.3. Universities/Education; 6.3.4. Corporations; 6.3.5. Nonprofit Organizations; 6.4. By Country (USD); 6.4.1. U.S.; 6.4.1.1. By End-Users; 6.4.2. Canada; 6.4.2.1. By End-Users; 6.4.3. Mexico; 6.4.3.1. By End-Users
7. South America Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 7.1. Key Findings; 7.2. By Type (USD); 7.2.1. Achievement and Contribution; 7.2.2. Participation and Recognition; 7.2.3. Certification; 7.3. By End-Users (USD); 7.3.1. Associations; 7.3.2. Training Providers; 7.3.3. Universities/Education; 7.3.4. Corporations; 7.3.5. Nonprofit Organizations; 7.4. By Country (USD); 7.4.1. Brazil; 7.4.1.1. By End-Users; 7.4.2. Argentina; 7.4.2.1. By End-Users; 7.4.3. Rest of South America
8. Europe Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 8.1. Key Findings; 8.2. By Type (USD); 8.2.1. Achievement and Contribution; 8.2.2. Participation and Recognition; 8.2.3. Certification; 8.3. By End-Users (USD); 8.3.1. Associations; 8.3.2. Training Providers; 8.3.3. Universities/Education; 8.3.4. Corporations; 8.3.5. Nonprofit Organizations; 8.4. By Country (USD); 8.4.1. U.K.; 8.4.1.1. By End-Users; 8.4.2. Germany; 8.4.2.1. By End-Users; 8.4.3. France; 8.4.3.1. By End-Users; 8.4.4. Italy; 8.4.4.1. By End-Users; 8.4.5. Spain; 8.4.5.1. By End-Users; 8.4.6. Russia; 8.4.6.1. By End-Users; 8.4.7. Benelux; 8.4.7.1. By End-Users; 8.4.8. Nordics; 8.4.8.1. By End-Users; 8.4.9. Rest of Europe
9. Middle East & Africa Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 9.1. Key Findings; 9.2. By Type (USD); 9.2.1. Achievement and Contribution; 9.2.2. Participation and Recognition; 9.2.3. Certification; 9.3. By End-Users (USD); 9.3.1. Associations; 9.3.2. Training Providers; 9.3.3. Universities/Education; 9.3.4. Corporations; 9.3.5. Nonprofit Organizations; 9.4. By Country (USD); 9.4.1. Turkey; 9.4.1.1. By End-Users; 9.4.2. Israel; 9.4.2.1. By End-Users; 9.4.3. GCC; 9.4.3.1. By End-Users; 9.4.4. North Africa; 9.4.4.1. By End-Users; 9.4.5. South Africa; 9.4.5.1. By End-Users; 9.4.6. Rest of Middle East & Africa
10. Asia Pacific Digital Badges Market Size Estimates and Forecasts, By Segments, 2017-2030: 10.1. Key Findings; 10.2. By Type (USD); 10.2.1. Achievement and Contribution; 10.2.2. Participation and Recognition; 10.2.3. Certification; 10.3. By End-Users (USD); 10.3.1. Associations; 10.3.2. Training Providers; 10.3.3. Universities/Education; 10.3.4. Corporations; 10.3.5. Nonprofit Organizations; 10.4. By Country (USD); 10.4.1. China; 10.4.1.1. By End-Users; 10.4.2. Japan; 10.4.2.1. By End-Users; 10.4.3. India; 10.4.3.1. By End-Users; 10.4.4. South Korea; 10.4.4.1. By End-Users; 10.4.5. ASEAN; 10.4.5.1. By End-Users; 10.4.6. Oceania; 10.4.6.1. By End-Users; 10.4.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Pearson; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. PeopleCert; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Accredible; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Skillsoft; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Instructure, Inc.; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Certif-ID International GmbH.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Sertifier Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. BadgeCert; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Digitary Australia Pty Ltd; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. BadgeList; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments