Digital Badges Market Size - By Offering (Platform, Services), By Participation (Recognition, Achievement, Participation, Contribution, Certification), By End User (Corporate, Academic, Government, Non-Profit Organizations) & Global Forecast, 2023 – 2032

Digital Badges Market Size

Digital Badges Market size was valued at USD 180.8 million in 2022 and is projected to register a CAGR of 20.2% between 2023 and 2032, driven by the growing popularity of remote and E-learning. The online learning domain has undergone a noticeable shift in recent years, with massive online open courses (MOOCs) exploding in popularity. According to data gathered by educationdata.org, even after governments relaxed social distancing requirements, 33% of college and trade school administrators plan to provide students with both online and offline education options.
 

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Besides, an article published in The Journal in 2021 highlighted the ways in which education is changed forever and predicted that teachers will become “massive social media influencers in the coming years. The growth of remote and online learning, accelerated by factors like the COVID-19 pandemic, has increased the demand for digital credentials. Online courses, workshops, and training programs often issue badges to participants upon completion, demonstrating a positive influence on the digital badges market.
 

Digital badges enable micro-credentialing, where learners can earn badges for specific skills or competencies. These can be stacked to create a comprehensive profile of a person's abilities, making them attractive to employers seeking specialized skills. Besides, these are easily shareable across various platforms, including social media, professional networking sites, and email signatures.
 

For instance, LinkedIn allows users to ass digital badges to their profiles to showcase their skills and accomplishments. Similarly, Facebook and Instagram let users share digital badges in posts, stories, and on their timelines. This promotes personal branding and visibility, making it easier for individuals to showcase their expertise to a wider audience, thus, boosting the digital badges market revenue.
 

However, while the concept of digital badges has gained some traction, there is still limited awareness and understanding among the general population, employers, and educational institutions. The lack of widespread adoption can limit the overall growth and acceptance of digital badges as a valid form of recognition.
 

COVID-19 Impact

The COVID-19 pandemic had a profound impact on the digital badges market. As traditional learning shifted to remote and online formats, the demand for digital credentials surged. Educational institutions and training providers rapidly adopted digital badges to certify virtual course completions. Platforms like Coursera and edX reported increased badge issuance. However, challenges emerged due to the abrupt transition, including concerns about standardization and verifying skills. Despite these hurdles, the pandemic accelerated the integration of digital badges into virtual learning landscapes, fostering their recognition and adoption.
 

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 digital badges market growth. 
 

Digital Badges Offering Market Analysis

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The services segment held over 60% of the digital badges market share in 2022, due to their ability to provide verifiable and granular evidence of skills and accomplishments. As the job market evolves and traditional qualifications are complemented by specialized skills, digital badges offer a dynamic way to showcase expertise. They cater to the growing demand for continuous learning and micro-credentialing, providing individuals with a visual representation of their achievements. Moreover, the ease of sharing badges across digital platforms enhances personal branding and facilitates employer recognition, further driving their widespread adoption.

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The certification segment accounted for 25% of the digital badges market share in 2022. Digital badge certifications are experiencing high demand due to their flexibility, specificity, and immediate value. In contrast to traditional certifications, which often require extensive time and financial commitments, digital badges offer the opportunity to earn and showcase targeted skills quickly. They align with the fast-paced nature of industries and cater to those seeking to upskill rapidly. As employers increasingly prioritize specialized proficiencies, digital badges provide a tangible and shareable way for individuals to demonstrate their expertise, making them a sought-after credential in the evolving job market.

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North America digital badges market recorded around 38% of the revenue share in 2022, led by factors such as the emphasis on lifelong learning, the need for skill validation, and the rise of online education. As industries evolve, professionals seek continuous skill development, and digital badges offer a tangible way to demonstrate these capabilities. Educational institutions and organizations are leveraging badges to enhance their online courses, providing participants with recognized credentials. The tech-savvy culture and the demand for innovative ways to showcase achievements further contribute to the growing acceptance and integration of digital badges in the region.
 

Digital Badges Market Share

Major companies operating in the digital badges market include

• Credly Inc
• International Institute of Business Analysis
• Skillsoft Corporation
• Accredible
• Skillsoft Corporation Inc.
• Forall Inc.
• Nocti Business Solutions.

These companies focus on improving the badge platform's features, user interface, and functionality to enhance user experience and engagement and also integrate emerging technologies like blockchain for secure verification and data integrity.
 

Digital Badges Industry News

• In April 2023, SkillSoft, a global provider of digital solutions for businesses, partnered with Accreditrust, a leading provider of digital credentialing services. This partnership will allow SkillSoft to offer its customers a more comprehensive suite of digital credentialing solutions, including Accreditrust's expertise in credential assessment and verification.
   

This digital badges market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Offering

• Platform
• Services

Market, By Type

• Recognition
• Participation
• Achievement
• Contribution
• Certification

Market, By End User

• Corporate
  • SMEs
  • Large Enterprises
• Academic
  • K-12
  • Higher Education
• Government
• Non-profit organizations
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • UAE
  • Saudi Arabia