Global Digital Badges Market
A new market study, titled “Global Digital Badges Market ” has been featured on Market Research Future.
According to Market Research Future, the global digital badges market is segmented into type, end-users, and region.
Digital badges are images that certify and acknowledge skills of a person or entity. Growing advancements in technology has encouraged IT professionals to gain expertise in their domain. Moreover, government support for recognizing and validating digital badges has fueled the growth of digital badges market globally. These digital badges are widely accepted by educational institutes across the globe for issuing extra credits to students.
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By type, the market is segmented into participation badges, recognition badges, achievement badges, contribution badges, and certification badges. Each badge is provided to the individual specifying a certain accomplishment that the individual has achieved. Participation badges are rolled out when an individual shows involvement in any activity of the course the individual is attending. Whereas, recognition badges are allotted to an individual for development of any skill. The achievement badges are provided to individuals after completion of any project or module. The contribution badges are provided when individuals or groups contribute their share to a project that results into the advancement of that project. However, a certification badge depicts participation and accomplishment of certification or lecture on a particular topic.
By end-users, the market is segmented into education, corporate, retail, gaming, transportation, and others. The education segment is categorized into K-12 and higher studies segment. Whereas, the corporate segment is categorized into small and medium enterprises (SMEs), and large enterprises. The market of education segment is expected to dominate the digital badges market owing to acceptance of digital badges by the government for recognition and validation of an individual’s skill set. However, the gaming segment is expected to register the fastest growth owing to increase in the number of skill-enhancing games.
Key Players
The key players in the digital badges market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Credly Inc. (US), Accredible (US), Nocti Business Solutions (US), RedCritter Corp. (US), Accreditrust Technologies LLC (US), Concentric Sky Inc. (US), Forall Systems Inc. (US), Blackboard Inc. (US), Badgecraft (Lithuania), and LearningTimes LLC (US). These players contribute a major proportion towards market growth.
Apart from the top key players, other players contributing to the growth of digital badges market include Professional Examination Service (ProExam) (US), Discendum OY (Finland), Portfolium Inc. (US), Badge List (US), Basno Inc. (US), Bestr (Italy), EbizOn (India), YouTopia (Canada), and others.
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Global Digital Badges Market A new market study, titled “Global Digital Badges Market ” has been featured on Market Research Future.According to Market Research Future, the global digital badges market is segmented into type, end-users, and region.Digital badges are images that certify and acknowledge skills of a person or entity.
Moreover, government support for recognizing and validating digital badges has fueled the growth of digital badges market globally.
More Information@ https://www.marketresearchfuture.com/reports/digital-badges-market-6706By type, the market is segmented into participation badges, recognition badges, achievement badges, contribution badges, and certification badges.
Participation badges are rolled out when an individual shows involvement in any activity of the course the individual is attending.
Whereas, recognition badges are allotted to an individual for development of any skill.
The achievement badges are provided to individuals after completion of any project or module.
Global Digital Badges MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Global Digital Badges Market.
The growth sectors of the Global Digital Badges Market are identified with precision for a better growth perspective.Digital badges are a representation of an award or achievement in recognition of skills or milestones that an individual has gained over a period of time.
These badges are used in education, gaming, and other enterprises to help acknowledge skills and encourage an individual to reach the next achievement.
Market Research Future has carefully reviewed the global digital badge market for the projection period from 2018 to 2023.
For all these reasons and more, digital badges have grown increasingly popular and are being innovatively adopted to encourage individual participation, collaboration, and other functions.The presence of poor IT infrastructure in developing regions is expected to hinder the growth of the global digital badges market.
However, increasing online certification is encouraging of adoption of digital badges and has also helped older employees cope with the advancement of technology by using game theory.Market SegmentationThe global digital badges market has been segmented on the basis of participation badges, recognition badges, achievement badges, certification badges, and contribution badges.
Digital badges market are entities that describe achievements of an individual that can be added to its resume or online documents.
These badges are globally accepted and acknowledged by employers and organizations.
These badges contain the information about the type of badge, for what it has been awarded, and skills and capabilities required to gain that badge.
Owing to technological advancements across the globe, employees seek convenient certification options that aid their technical expertise.
Digital badges market serve a variety of purposes which include encoraging individuals to participate in various online programs, collaborating individuals or groups to contribute their share to the project, as well as recognize an individual based on its skill set and achievements.
The market for digital badges is expected to witness significant growth with a compound annual growth rate (CAGR) of 18% during the forecast period 2018–2023.Get Free Sample Report of Digital Badges Market Research Report - Global Forecast till 2023 @ https://www.marketresearchfuture.com/sample_request/6706Key playerskey players in the digital badges market are identified across all the major regions based on the country of their origin, presence across different regions, recent key developments, product diversification, and industry expertise.
