Digital Badges Market Type (Participation, Recognition, Achievement, Contribution, and Certification),Global Opportunity Analysis and Industry Forecast, 2021–2027

Digital badge is a validated indicator of accomplishments, skills, and quality that can be earned in many learning environments. They are depiction of an award or achievement for skills an individual has gained over a period. These badges can be seen on websites to certify their authenticity and provide authority for business processes. They have gained popularity in the industry from their role as a key subset of digital credential mechanism that allows one to access and verify skills and accomplishments online. It can be earned in a range of learning environments, including formal as well as informal settings. Digital badges are gaining more attraction in the online learning industry; however, it is still considered in nascent stage, probably due to the lack of clarity in its applications. Gamification in education industry is providing a significant growth to the digital badges market.

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Growth in e-learning and distance education as well as increase in adoption of online learning and investment by companies on professional skill development of their employees are the major factors that drive the digital badges market growth. In addition, the growing shift toward gamification of the learning and education industry, especially in developing and developed countries and the increase of blockchain in digital badges, fuels the growth of the market. However, lack of IT infrastructure in industries and budget constraints by educational institutes hamper the growth of the digital badges market. Furthermore, increase in the online certification has encouraged enterprises to accept digital certifications & badges and growth in emphasis on lifelong learning are anticipated to provide major opportunities for the market.

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The digital badges market is segmented into component, type, end-user, industry vertical and region. In terms of component, it is bifurcated into platform and services. By type, it is classified into participation, recognition, achievement, contribution, and certification. As per end-user, it is categorized into academic and corporate. The academic segment is further sub-divided into K-12 and higher education. The corporate segment is further sub-divided into large enterprises and small & medium enterprises. As per industry vertical, it is categorized into BFSI, retail & e-commerce, manufacturing, government & defence, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the digital badges market analysis are Portfolium Inc., Accreditrust Technologies LLC, Credly Inc., Forall Systems Inc., LearningTimes, Portfolium Inc, EbizON, Concentric Sky Inc., Nocti Business Solutions. And Professional Examination Service. The current and future market trends are outlined to determine the overall attractiveness of the market.

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KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global digital badges market size along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analysis on the digital badges market share is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the digital badges industry.
The quantitative analysis of the global digital badges industry from 2018 to 2026 is provided to determine the market potential.

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