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Digital Badges Market Trends

Report ID: GMI2882
Published Date: Jul 2024
Report Format: PDF

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Digital Badges Market Trends

Digital badges provide a transparent record of a person's achievements and the skills they have acquired. This transparency can help bridge the skills gap and align job seekers' capabilities with employer needs. The emergence of dedicated platforms and marketplaces for badge creation, issuance, and display has streamlined the process for organizations, educators, and learners. For instance, BadgeCert, launched in 2022, is a platform that makes it easy for organizations to create, issue, store, and share digital badges. It offers a variety of features, including badge applications, milestone badges, multilingual badges, and PDF badges.

Likewise, BadgeCollect, introduced in 2022, allows individuals and businesses to create, design, issue, and endorse Open Badges. It also offers a gamified experience to motivate learners. These platforms provide tools to design, issue, and manage digital badges effectively, propelling the growth and popularity of the market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Digital badges industry size was USD 180.8 million in revenue in 2022 and is projected to observe over 20.2% CAGR from 2023 to 2032, driven by the growing popularity of remote and E-learning platforms worldwide.

The services segment held over 60% of the digital badge industry revenue share in 2022 and is estimated to gain significant traction through 2032, attributed to rising demand for verifiable and granular evidence of skills and accomplishments.

North America digital badges industry held over 38% share in 2022 and is expected to exhibit robust growth from 2023-2032 attributed to the emphasis on lifelong learning, the need for skill validation, and the rise of online education in the region.

Some of the top companies engaged in the digital badges industry are Credly Inc, International Institute of Business Analysis, Skillsoft Corporation, Accredible, Skillsoft Corporation Inc., Forall Inc., and Nocti Business Solutions.