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Digital Badges Market Analysis

  • Report ID: GMI2882
  • Published Date: Aug 2023
  • Report Format: PDF

Digital Badges Market Analysis

Digital Badges Market Size, By Offering, 2022 – 2032, (USD Million)

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The services segment held over 60% of the digital badges market share in 2023, 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.

Digital Badges Market, By Type, 2023

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The certification segment accounted for 25% of the digital badges market share in 2023. 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.  

U.S. Digital Badges Market Size, 2022 -2032, (USD Million)

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North America digital badges market held a market share of over 38% in 2023 and is expected to grow at a notable CAGR from 2023 to 2032. In North America, the adoption of digital badges is driven 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.

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.

Digital Badges Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 264
  • Countries covered: 18
  • Pages: 250
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