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Digital Badges Market by Offering (Platform and Services), End User (Academic and Corporate), and Region - Global Forecast to 2023 - ResearchAndMarkets.com

August 10, 2018

DUBLIN--(BUSINESS WIRE)--Aug 10, 2018--The “Digital Badges Market by Offering (Platform and Services), End User (Academic (K-12 and Higher Education) and Corporate (SMEs and Large Enterprises)), and Region (North America, Europe, APAC, and Row) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering

The global digital badges market size is expected to grow from USD 83.3 million in 2018 to reach USD 205.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

Major drivers of the digital badges market include the growing adoption of online learning, an increasing focus on employees’ professional development, and the use of blockchain in digital badges. Lack of IT infrastructure in countries of the developing regions could be a major challenge for the growth of digital badges market.

The corporate end-user segment has started adopting digital badges to provide intrinsic value to the training offered to employees. Digital badges are gaining traction especially in the technology sector where employees improve their job qualifications by showcasing their technical expertise. Many technology vendors have partnered with digital badge platform providers to offer digital badges to employees who have completed training modules in different technological aspects.

Market Dynamics

Drivers

Growth in the Adoption of Online Education Increasing Focus on Employees’ Professional Development Use of Blockchain for Digital Badges

Restraints

Lack of IT Infrastructure in Developing Countries

Opportunities

Growing Emphasis on Lifelong Learning Gamification in the Education Industry

Challenges

Lack of Digital Badge Equivalents Budget Constraints for Educational Institutions

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Digital Badges Market, By Offering

7 Market By End-User

8 Market By Region

9 Competitive Landscape

10 Company Profiles

Accredible Accreditrust Badge List Badgecraft Basno Be Badges Bestr Concentric Sky Credly Discendum EbizOn Forall Systems LearningTimes Nocti Business Solutions (NBS) Portfolium Professional Examination Service (ProExam) Youtopia

For more information about this report visit https://www.researchandmarkets.com/research/tdphpr/digital_badges?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180810005370/en/

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Related Topics:Professional Development and Training

KEYWORD:

INDUSTRY KEYWORD: EDUCATION CONTINUING TRAINING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/10/2018 01:33 PM/DISC: 08/10/2018 01:33 PM

http://www.businesswire.com/news/home/20180810005370/en

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