The Asia Pacific Digital Badges Market would witness market growth of 16.0% CAGR during the forecast period (2023-2030).
Digital badges are an assortment of digital credentials that operate both as recognition of learning or accomplishment and as digital evidence of that accomplishment. A digital badge that can be displayed, retrieved, and verified online digitally depicts the holder's achievements or skills. Badges can be awarded in various contexts, including online platforms, where the number of badges is increasing.
Digital badges offer information on who earned the badge, how it was earned when it was earned, who issued it, what the badge signifies, and, if feasible, samples of the labour performed to earn the badge. Digital badges are used in education as a new and efficient way to evaluate pupils based on their preferred learning modes. Students can receive badges based on performance to promote learning instead of a single test.
Digital badges can be useful for all learning levels and areas, including goals and objectives. The badges have several applications, for example, in higher education is virtual credentialing systems, which would enable students to demonstrate recently learned skills and mastery of new information. A strong IT infrastructure is one of the key factors in the development of the digital badges sector.
Japan also has a promising e-learning language industry, particularly for English and Japanese. The former is attributable to the economic privileges and status associations within Japanese business and society, while the latter is attributable to Japanese culture's immense popularity and allure. As of 2021, Japan's foreign language instruction industry, including online learning, language assessment, and study abroad, was worth approximately $8.76 billion. It is predicted that the region's growing emphasis on online education would assist the growth of the regional market.
The China market dominated the Asia Pacific Digital Badges Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $56,187.5 Thousands by 2030. The Japan market is experiencing a CAGR of 15.3% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 16.7% during (2023 - 2030).
Based on Type, the market is segmented into Certification Badges, Recognition Badges, Participation Badges, Achievement Badges, and Contribution Badges. Based on Offering, the market is segmented into Platform, and Services. Based on End User, the market is segmented into Academic, Corporate, Government, Non-profit Organizations, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Badges Market is Projected to reach USD 700.8 Million by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP), Skillsoft Corporation, PeopleCert Group (PeopleCert Holdings UK Ltd), EdInvent, Inc. (Accredible), Parchment LLC (Credentials eSCRIP-SAFE), Accreditrust Technologies, LLC, Asset Chain Techlligence Private Limited (TruScholar), Basno, Inc., Sertifier INC. and Tech99 Innovations Pvt Ltd (CertifyMe).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Certification Badges
- Recognition Badges
- Participation Badges
- Achievement Badges
- Contribution Badges
By Offering
By End User
- Academic
- Corporate
- Government
- Non-profit Organizations
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP)
- Skillsoft Corporation
- PeopleCert Group (PeopleCert Holdings UK Ltd)
- EdInvent, Inc. (Accredible)
- Parchment LLC (Credentials eSCRIP-SAFE)
- Accreditrust Technologies, LLC
- Asset Chain Techlligence Private Limited (TruScholar)
- Basno, Inc.
- Sertifier INC.
- Tech99 Innovations Pvt Ltd (CertifyMe)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Digital Badges Market, by Type
1.4.2 Asia Pacific Digital Badges Market, by Offering
1.4.3 Asia Pacific Digital Badges Market, by End User
1.4.4 Asia Pacific Digital Badges Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Digital Badges Market by Type
4.1 Asia Pacific Certification Badges Market by Country
4.2 Asia Pacific Recognition Badges Market by Country
4.3 Asia Pacific Participation Badges Market by Country
4.4 Asia Pacific Achievement Badges Market by Country
4.5 Asia Pacific Contribution Badges Market by Country
Chapter 5. Asia Pacific Digital Badges Market by Offering
5.1 Asia Pacific Platform Market by Country
5.2 Asia Pacific Services Market by Country
Chapter 6. Asia Pacific Digital Badges Market by End User
6.1 Asia Pacific Academic Market by Country
6.2 Asia Pacific Corporate Market by Country
6.3 Asia Pacific Government Market by Country
6.4 Asia Pacific Non-profit Organizations Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Digital Badges Market by Country
7.1 China Digital Badges Market
7.1.1 China Digital Badges Market by Type
7.1.2 China Digital Badges Market by Offering
7.1.3 China Digital Badges Market by End User
7.2 Japan Digital Badges Market
7.2.1 Japan Digital Badges Market by Type
7.2.2 Japan Digital Badges Market by Offering
7.2.3 Japan Digital Badges Market by End User
7.3 India Digital Badges Market
7.3.1 India Digital Badges Market by Type
7.3.2 India Digital Badges Market by Offering
7.3.3 India Digital Badges Market by End User
7.4 South Korea Digital Badges Market
7.4.1 South Korea Digital Badges Market by Type
7.4.2 South Korea Digital Badges Market by Offering
7.4.3 South Korea Digital Badges Market by End User
7.5 Singapore Digital Badges Market
7.5.1 Singapore Digital Badges Market by Type
7.5.2 Singapore Digital Badges Market by Offering
7.5.3 Singapore Digital Badges Market by End User
7.6 Malaysia Digital Badges Market
7.6.1 Malaysia Digital Badges Market by Type
7.6.2 Malaysia Digital Badges Market by Offering
7.6.3 Malaysia Digital Badges Market by End User
7.7 Rest of Asia Pacific Digital Badges Market
7.7.1 Rest of Asia Pacific Digital Badges Market by Type
7.7.2 Rest of Asia Pacific Digital Badges Market by Offering
7.7.3 Rest of Asia Pacific Digital Badges Market by End User
Chapter 8. Company Profiles
8.1 PeopleCert Group (PeopleCert Holdings UK Ltd)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.2 EdInvent, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 Parchment LLC (Credentials eSCRIP-SAFE)
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.3.2.2 Acquisition and Mergers:
8.4 Accreditrust Technologies, LLC
8.4.1 Company Overview
8.5 Asset Chain Techlligence Private Limited
8.5.1 Company Overview
8.6 Basno, Inc.
8.6.1 Company Overview
8.7 Sertifier INC.
8.7.1 Company Overview
8.8 Tech99 Innovations Pvt Ltd
8.8.1 Company Overview
8.9 Instructure, Inc. (Instructure Holdings, Inc.)(Thoma Bravo, LP)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Skillsoft Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Product Launches and Product Expansions:
8.10.4.2 Acquisition and Mergers:
TABLE 1 Asia Pacific Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 4 Asia Pacific Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 5 Asia Pacific Certification Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Certification Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Recognition Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 8 Asia Pacific Recognition Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 9 Asia Pacific Participation Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Participation Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Achievement Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 12 Asia Pacific Achievement Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 13 Asia Pacific Contribution Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Contribution Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 16 Asia Pacific Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 17 Asia Pacific Platform Market by Country, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Platform Market by Country, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Services Market by Country, 2019 - 2022, USD Thousands
TABLE 20 Asia Pacific Services Market by Country, 2023 - 2030, USD Thousands
TABLE 21 Asia Pacific Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 22 Asia Pacific Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 23 Asia Pacific Academic Market by Country, 2019 - 2022, USD Thousands
TABLE 24 Asia Pacific Academic Market by Country, 2023 - 2030, USD Thousands
TABLE 25 Asia Pacific Corporate Market by Country, 2019 - 2022, USD Thousands
TABLE 26 Asia Pacific Corporate Market by Country, 2023 - 2030, USD Thousands
TABLE 27 Asia Pacific Government Market by Country, 2019 - 2022, USD Thousands
TABLE 28 Asia Pacific Government Market by Country, 2023 - 2030, USD Thousands
TABLE 29 Asia Pacific Non-profit Organizations Market by Country, 2019 - 2022, USD Thousands
TABLE 30 Asia Pacific Non-profit Organizations Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 33 Asia Pacific Digital Badges Market by Country, 2019 - 2022, USD Thousands
TABLE 34 Asia Pacific Digital Badges Market by Country, 2023 - 2030, USD Thousands
TABLE 35 China Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 36 China Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 37 China Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 38 China Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 39 China Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 40 China Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 41 China Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 42 China Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 43 Japan Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 44 Japan Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 45 Japan Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 46 Japan Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 47 Japan Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 48 Japan Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 49 Japan Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 50 Japan Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 51 India Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 52 India Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 53 India Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 54 India Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 55 India Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 56 India Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 57 India Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 58 India Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 59 South Korea Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 60 South Korea Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 61 South Korea Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 62 South Korea Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 63 South Korea Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 64 South Korea Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 65 South Korea Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 66 South Korea Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 67 Singapore Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 68 Singapore Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 69 Singapore Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 70 Singapore Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 71 Singapore Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 72 Singapore Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 73 Singapore Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 74 Singapore Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 75 Malaysia Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 76 Malaysia Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 77 Malaysia Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 78 Malaysia Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 79 Malaysia Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 80 Malaysia Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 81 Malaysia Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 82 Malaysia Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 83 Rest of Asia Pacific Digital Badges Market, 2019 - 2022, USD Thousands
TABLE 84 Rest of Asia Pacific Digital Badges Market, 2023 - 2030, USD Thousands
TABLE 85 Rest of Asia Pacific Digital Badges Market by Type, 2019 - 2022, USD Thousands
TABLE 86 Rest of Asia Pacific Digital Badges Market by Type, 2023 - 2030, USD Thousands
TABLE 87 Rest of Asia Pacific Digital Badges Market by Offering, 2019 - 2022, USD Thousands
TABLE 88 Rest of Asia Pacific Digital Badges Market by Offering, 2023 - 2030, USD Thousands
TABLE 89 Rest of Asia Pacific Digital Badges Market by End User, 2019 - 2022, USD Thousands
TABLE 90 Rest of Asia Pacific Digital Badges Market by End User, 2023 - 2030, USD Thousands
TABLE 91 Key Information – PeopleCert Group
TABLE 92 Key Information – EdInvent, Inc.
TABLE 93 Key Information – Parchment LLC
TABLE 94 Key Information – Accreditrust Technologies, LLC
TABLE 95 Key Information – Asset Chain Techlligence Private Limited
TABLE 96 Key Information – Basno, Inc.
TABLE 97 Key Information – Sertifier INC.
TABLE 98 Key Information – Tech99 Innovations Pvt Ltd
TABLE 99 Key Information – Instructure, Inc.
TABLE 100 Key Information – Skillsoft Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Digital Badges Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting the Digital Badges Market
FIG 4 Porter’s Five Forces Analysis – Digital Badges Market
FIG 5 Asia Pacific Digital Badges Market share by Type, 2022
FIG 6 Asia Pacific Digital Badges Market share by Type, 2030
FIG 7 Asia Pacific Digital Badges Market by Type, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Digital Badges Market share by Offering, 2022
FIG 9 Asia Pacific Digital Badges Market share by Offering, 2030
FIG 10 Asia Pacific Digital Badges Market by Offering, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Digital Badges Market share by End User, 2022
FIG 12 Asia Pacific Digital Badges Market share by End User, 2030
FIG 13 Asia Pacific Digital Badges Market by End User, 2019 - 2030, USD Thousands
FIG 14 Asia Pacific Digital Badges Market share by Country, 2022
FIG 15 Asia Pacific Digital Badges Market share by Country, 2030
FIG 16 Asia Pacific Digital Badges Market by Country, 2019 - 2030, USD Thousands
FIG 17 Recent strategies and developments: Parchment LLC