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Digital Badges Market by Offering, And Region - Global Forecast to 2023

Digital Badges Market: Global Forecast until 2023

  • August 2018
  • 87 pages
  • ID: 5483619
In this report:
The academic segment is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period, owing to the early adoption of digital badges in this sector.
The large enterprise segment is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period, due to the increased focus on training employees.

Summary

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The increasing adoption of online learning together with an growing focus on employees' professional development is predicted to push the overall digital badges market

The overall digital badges market size is forecasted to grow from $83.30M in 2018 to attain $205.60M by 2023, at a Compound Annual Increase rate of 19.80 percent during the forecast period. Main drivers of the digital badges market contain the increasing adoption of online learning, an rising focus on employees' professional development, and the use of blockchain in digital badges. Lack of IT infrastructure in countries of the developing regions could be a main challenge for the increase of digital badges market.

The corporate end-user segment to grow at a higher rate during the outlook period

The corporate end-user segment has started adopting digital badges to offer intrinsic value to the training offered to employees.Digital badges are gaining traction especially in the technology market where employees improve their job qualifications by showcasing their technical expertise.

Many technology vendors have partnered with digital badge platform providers to offer digital badges to employees who have completed training modules in distinct technological aspects.

North America continent to hold the biggest sector size and Asia-Pacific to grow at the highest compound annual growth rate (CAGR) during the estimate period

In the overall digital badges market, North America (NA) is forecasted to hold the biggest industry size during the outlook period. Institutions in North America continent are increasingly adopting digital badges. due to the authenticity specified by digital badges, a increasing demand for acquiring specific skills among individuals, growing collaboration among educational institutions, and quick technological advancements. Big presence of companies that utilize the digital badge technology would also contribute to the rise of the market in North America (NA). On the other hand, Asia-Pac is anticipated to record the quickest increase in the digital badges market, as academic institutions and corporate houses in the territory have started adopting smart eLearning solutions. In Asia-Pacific, institutions are increasingly focus to gain better RoI on talent development, fulfill employee learning requirements, offer proper employee training, and receive quantifiable business outcomes.

The break-up profiles of primary discussion participants are given below:

• By Company category: Tier 1 (15.0 percent), Tier 2 (25.0 percent), and Tier 3 (60.0 percent)

• By Description: C-suite (45.0 percent), Grade of manager (30.0 percent), and D-level (25.0 percent),

• By Area: North America continent (45.0 percent), Europe (EU) (25.0 percent), Asia-Pac (20.0 percent), RoW (10.0 percent)

Segment Research

The document breaks down the overall digital badges market established on offering (platform and services), end-user (academic and corporate), and area. An in-depth study of the digital badges market by area offers business insights into the potential business opportunities across territories.

Reasons to Buy the Report

The study will facilitate industry top players/new sector entrants in the overall digital badges market in these ways:

1. The document breaks down the digital badges market comprehensively and offers the closest approximations of revenue numbers for the global market and sub-segments across localities.

2. The analysis benefits partners distinguish the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits partners comprehend the players and obtain additional insights to better their rank in the sector.

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