1. What is the projected Compound Annual Growth Rate (CAGR) of the Digital Badge Market?
The projected CAGR is approximately 18.7%.
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Digital Badge MarketDigital Badge Market by Type (Achievement, Contribution, Participation, Recognition, Certification), by End-User (Associations, Training Providers, Universities/Education, Corporations, Nonprofit Organizations), by By Type (Achievement and Contribution, Participation and Recognition, Certification), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of the Middle East & Africa), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Digital Badge Marketsize was valued at USD 193.0 USD Million in 2023 and is projected to reach USD 640.79 USD Million by 2032, exhibiting a CAGR of 18.7 % during the forecast period.Digital badges constitute virtual representations of the acquired skills, accomplishments, and achievements passed through different types of educational activities. The digital certifications are usually provided by schools, companies, or organizations and can be displayed on such sites as LinkedIn or your own personal website. Perseveringly, its metadata is the most important part of digital badges. It includes details about the issuer, the criteria, and evidence of the accomplishment. They are very easy-forward enough to be shared among individuals as a way of marketing one's proficiency within multiple media channels. The advantages of digital badges can be listed as their mobility and, therefore, the possibility of verifying skills and achievements, thus assisting career progression and networking. These are the ones that are flexible and configurable to recognize learning and achievements that are beyond the usual credentials. They are also the ones that promote a culture of continuous learning and skill development. A digital credential also wins professional transparency and credibility by proving a clear picture of accomplished achievements and competencies.
Type:
End-User:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 18.7% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 18.7%.
Key companies in the market include Pearson (U.K.), PeopleCert (U.K.), Accredible (U.S.), Skillsoft (U.S.), Instructure, Inc. (U.S.), Certif-ID International GmbH. (Germany), Sertifier Inc. (U.S.), BadgeCert (U.S.), Digitary Australia Pty Ltd. (Australia), BadgeList (U.S.).
The market segments include Type, End-User.
The market size is estimated to be USD 193.0 USD Million as of 2022.
Rising Adoption of Social Media Applications among Customers to Drive Market Growth.
Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.
Technical Integration and Privacy Concerns to Hinder Market Expansion.
April 2023: Cengage collaborated with Accredible to bridge the skills gap by offering digital badging and micro credentials. When students finish assessments and prove proficiency in Microsoft Office 365 skills, they can easily earn achievement badges by taking introductory computing courses and using Cengage's online learning platform, MindTap. For no additional fee, students can add badges to their digital resumes, online portfolios, or LinkedIn profiles.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Million.
Yes, the market keyword associated with the report is "Digital Badge Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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