According to a new report, published by KBV research, The Global Digital Badges Market size is expected to reach $700.8 million by 2030, rising at a market growth of 15.2% CAGR during the forecast period.
The Certification Badges would showcase a CAGR of 14.4 % during the forecast period. The demand for digital badge certifications is high due to their adaptability, specificity, and immediate value. In contrast to traditional certifications, which frequently require extensive time and financial commitments, digital badges allow acquiring and displaying specialized skills quickly.
The Platform segment is leading the Global Digital Badges Market by Offering in 2022; thereby, achieving a market value of $453 million by 2030. Various capabilities on digital badge platforms make it easier to create, issue, manage, and verify digital badges. Using templates and metadata, users can design and personalize badges using these solutions, resulting in distinctive and informative representations of achievements. Effective badge administration capabilities enable simple organization, setting expiration dates, and updating or revoking badges as necessary.
The Academic market segment is growing at a CAGR of 14 % during the forecast period. Many universities use digital badges to ensure students have the greatest learning experience possible. Universities and other educational institutions use modern technology to engage students, increase their global presence, and ease campus congestion.
The North America region dominated the Global Digital Badges Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $246 million by 2030. The Europe market is anticipated to grow at a CAGR of 14.8% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 16% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/digital-badges-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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