Digital badges market size was USD 65.0 million

The global digital badges market size was USD 65.0 million in 2017 and is expected to reach USD 205.6 million by 2023, growing at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018–2023.

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Objectives of the Study
• To determine and forecast the global digital badges market by offering, end-user, and region from 2018 to 2023 and analyze various macroeconomic and microeconomic factors that affect the market growth
• To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall digital badges market
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To profile the key market players; provide comparative analysis based on their business overviews, service offerings, regional presence, business strategies, and key financials; and provide companies with in-house statistical tools to understand the competitive landscape
• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the digital badges market

The research methodology used to estimate and forecast the digital badges market began with capturing data on key vendor revenues. The market size of individual segments was determined through various secondary sources including industry associations, white papers, and journals. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach was employed to arrive at the overall size of the market, by considering the digital badges adoption rate and digital badges pricing by key players, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and related executives in the digital badges market. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

The digital badges market ecosystem includes major players, such as
• Credly (US)
• Accredible (US)
• Accreditrust (US)
• Badgecraft (Lithuania)
• Badgelist (US)
• Basno (US)
• Be Badges (Belgium)
• Bestr (Italy)
• Concentric Sky (US)
• Discendum (Finland)
• EbizON (India)
• Forall Systems (US)
• LearningTimes (US)
• Nocti Business Solutions (US)
• Portfolium (US)
• ProExam (US)
• Youtopia (US)

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Key Target Audience
• Digital badge platform providers
• IT service providers
• Badge issuers
• Digital badge displayers
• Digital badge designers
• Cloud service providers
• Consultants/consultancies/advisory firms
• Training and education service providers

Scope of the Report
The report considers platforms, services, and end users to arrive at the global market size for digital badges during the forecast period.

By Offering
• Platform
• Services

By End User
• Academic
o K-12
o Higher Education
• Corporate
o SMEs
o Large Enterprises

By Region
• North America
• Europe
• APAC
• RoW

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KEY BENEFITS

• This report provides market intelligence with respect to type, delivery model, industry vertical and geographies so that companies can make precise decisions about their investment options
• Enable informed decision making process by offering market analysis based on current market situation, expected future trends and market intelligence
• Assess and rank the top factors that are expected to affect the growth of the market
• Value chain analysis provides inputs about the role of the all stakeholders of the market
• Porter’s five force analysis provides the competitive scenario, threat of new entrants and substitutes along with the potency of suppliers and buyers
• SWOT and competitive analysis to effectively plan and execute business plan
• Estimation of market revenue are calculated for the period of 2013 to 2020 with 2012 as base year

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