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The Digital Badges Market Size was valued at USD 208.05 Million in 2023 and is expected to reach USD 921.78 Million by 2032 and grow at a CAGR of 18.01% over the forecast period 2024-2032.
The digital badges market is rapidly expanding within the broader landscape of digital credentials and e-learning. With educational institutions and industries embracing online learning platforms for professional development, digital badges have become essential for validating and showcasing skills in a seamless, standardized manner. The surge in online education, now favored by 70% of students globally, and its widespread adoption among corporate entities are driving the demand for tools that track and certify achievements. Online learning, with benefits like higher retention rates and up to 60% reduced learning time, has transformed both education and corporate training. In the U.S. alone, 63% of students engage daily in online learning, reflecting a significant shift towards digital ecosystems, which directly supports the growth of the digital badges market. Digital badges provide a flexible and interactive alternative to traditional certificates and diplomas, aligning with the global trend toward lifelong learning. By enhancing learner motivation and engagement, these badges enable measurable performance improvements. For organizations, implementing digital badges can boost employee productivity by 25% through effective online training programs.
In the corporate sector, digital badges are pivotal for workforce development and upskilling initiatives. Companies leverage these tools to validate employee training, recognize achievements, and promote a skills-based culture. For instance, IBM and Microsoft utilize digital badges to certify expertise in high-demand areas like cloud computing, AI, and cybersecurity, motivating employees while enabling employers to identify skill gaps and design targeted training programs. As industries such as technology, healthcare, and finance increasingly prioritize continuous skill development to stay competitive, the demand for digital credentialing solutions like digital badges is expected to grow exponentially. These badges bridge the gap between education and employment, making them a cornerstone in the evolution of online learning and workforce training.
Drivers
There is a growing emphasis on skills-based hiring and employee development which drives the market growth.
Employers and schools are more and more interested in finding methods to acknowledge and verify particular skills and achievements on a smaller scale. Typical certificates and diplomas frequently lack sufficient information about a person's particular skills and abilities. Digital badges address this issue by providing a comprehensive, verified, and personalized display of a learner's accomplishments. They provide a more complete look at an individual's skills, helping potential employers evaluate candidates based on relevant abilities. Digital badges have been widely adopted in different sectors like education, healthcare, technology, and business due to the capability to showcase, distribute, and confirm credentials online. The increasing need for accurate credentialing is a significant factor in the growth of the digital badges market.
The increasing shift toward online learning and e-learning platforms has significantly contributed to the digital badges market.
As more educational institutions, corporations, and independent learners turn to online learning for training, development, and certification, there is a growing need for a reliable and recognized way to demonstrate the competencies acquired. Online courses, webinars, and virtual workshops are often short-term and highly specialized, making traditional accreditation methods less relevant. Digital badges allow learners to showcase their specific skills and achievements in these non-traditional settings, providing both immediate recognition and long-term value. With the rise of platforms such as Coursera, Udemy, LinkedIn Learning, and others, the need for digital badges to validate the skills gained from these platforms has skyrocketed, driving the market forward. This trend is further accelerated by the increasing integration of digital badge systems with learning management systems (LMS) and course delivery platforms, making it easier for users to earn and share badges as they progress through educational content.
Restraints
Integrating digital badge systems with existing learning management systems (LMS), can pose significant technical challenges.
Many educational institutions and businesses have established systems in place for tracking certifications, qualifications, and professional development, and the transition to digital badges may require significant investment in new technologies and infrastructure. Additionally, the process of issuing, managing, and verifying digital badges can be complex, particularly if different organizations or industries are using different badge platforms. For example, a learner may earn multiple badges from different providers, but these badges might not be compatible with each other or easy to share across platforms. The lack of seamless integration between badge systems and existing infrastructure could be a deterrent for organizations considering the adoption of digital badges, thus restraining market growth.
By Type
In 2023, the certification badges segment led the digital badges market with a 38% market share. These badges authenticate an individual's proficiency or knowledge in a specific skill or subject, making them essential in industries like IT, healthcare, and education. Organizations like Coursera and Credly use certification badges to verify skills gained through their courses. IT companies, such as Microsoft and Cisco, leverage certification badges to validate expertise in software, hardware, or networking technologies, boosting employee credentials. Additionally, universities and training platforms integrate certification badges into their programs, ensuring students and professionals receive industry-recognized qualifications.
Achievement badges segment is expected to have the fastest CAGR during 2024-2032, due to their role in motivating and rewarding performance. These badges celebrate milestones, such as completing a challenging project or excelling in a competition. Educational platforms like Khan Academy and corporate training solutions such as SAP SuccessFactors employ achievement badges to incentivize users to achieve goals. In gaming, companies like Epic Games and Blizzard Entertainment use these badges to enhance user engagement by acknowledging gaming accomplishments. The growth is driven by increasing gamification trends in education and corporate environments, where organizations aim to drive productivity and engagement.
By Offering
The services segment held a 38% market share and led the market in 2023. Services encompass implementation, integration, training, support, and maintenance offered by solution providers to help organizations efficiently deploy and utilize digital badge platforms. These services ensure smooth adoption and effective utilization of badges for credentialing, employee recognition, and learning programs. Educational platforms such as Coursera rely on such services to design and issue badges for their courses. The demand for professional guidance and seamless platform deployment has contributed to this segment's dominance.
The platform segment is expected to be the fastest-growing in the digital badges market during 2024-2032, driven by advancements in SaaS and cloud-based solutions. These solutions are increasingly adopted by businesses, educational institutions, and certification providers seeking scalable, automated, and cost-effective systems for credentialing. In the education sector, institutions like Harvard University deploy badge platforms to certify course completions. The scalability and innovation in platform capabilities ensure their rapid adoption and integration into diverse organizational structures.
North America led the digital badges market in 2023 with a 38% market share, primarily driven by advancements in education technology, corporate training, and e-learning platforms. The United States and Canada are key contributors, with extensive adoption in sectors such as education, IT, healthcare, and professional certifications. Companies in North America, such as Credly, Badgr, and Pearson, leverage digital badges to support skills verification and employee upskilling programs. Corporate training initiatives focus on gamification and micro-credentialing to improve workforce capabilities. Education institutions like MIT and Stanford use digital badges for credentialing and recognizing student achievements. Moreover, the region benefits from robust IT infrastructure and partnerships between EdTech companies and enterprises to integrate badge systems into Learning Management Systems (LMS).
APAC is anticipated to become the fastest-growing region during 2024-2032, fueled by the rapid digitization of education and increasing demand for skill recognition in emerging economies like India, China, and Southeast Asia. Governments and organizations are promoting digital credentials to enhance employability and bridge skills gaps. Companies like Accredible and Forall Systems are expanding their presence to cater to the region's growing need for e-learning tools. Schools and universities are integrating digital badges into online learning platforms to encourage participation and track progress. For example, Coursera and Edmodo collaborate with institutions in APAC to deliver badge-enabled courses.
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The major key players in the Digital Badges Market are:
Credly (Acclaim, Learning Paths)
Badgr (Badges, Skill Paths)
Pearson (Acclaim, Digital Badges)
Accredible (Blockchain-Verified Badges, Certificates)
Canvas by Instructure (Digital Badges, Mastery Pathways)
openbadges (Open Badges, Open Badge Exchange)
Tribal Habits (Custom Badges, eLearning Courses)
Top Hat (Badges, Course Engagement Tools)
YouEarnedIt (Employee Engagement Badges, Rewards)
Skillshare (Teacher Badges, Course Completion Badges)
Moodle (Course Badges, Completion Badges)
Classcraft (Achievement Badges, Classroom Engagement Badges)
Adobe (Adobe Certified Expert, Adobe Badges)
Salesforce (Trailhead Badges, Certifications)
Microsoft (Microsoft Learn Badges, Certifications)
IBM (IBM Digital Badges, Certifications)
Parchment (E-Certificates, Digital Badges)
FutureLearn (Course Completion Badges, Learning Achievements)
Coursera (Course Completion Badge, Specialization Badges)
edX (Verified Certificates, MicroMasters Badges)
Companies Using Digital Badges:
IBM
Salesforce
Microsoft
Accenture
PwC
Unilever
Cognizant
Capgemini
SAP
March 2024: IBM launched the Mainframe Skills Council at the SHARE conference in Orlando this week, aiming to create a platform for global organizations to develop a capable, varied, and long-lasting workforce for the mainframe industry.
March 2024: The ATD Certification Institute chose to use Credly's Acclaim platform to provide digital badges to certify recipients as a recognition of their demonstrated skills and knowledge.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 208.05 Million |
| Market Size by 2032 | USD 921.78 Million |
| CAGR | CAGR of 18.01% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Platform, Services) • By Type (Certification Badges, Recognition Badges, Participation Badges, Achievement Badges, Contribution Badges) • By End User (Academic, Corporate, Government, Non-profit Organizations, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Credly, Badgr, Pearson, Accredible, Canvas by Instructure, openbadges, Tribal Habits, Top Hat, YouEarnedIt, Skillshare, Moodle, Classcraft, Adobe, Salesforce, Microsoft, IBM, Parchment, FutureLearn, Coursera, edX |
| Key Drivers | • In today's competitive job market, there is a growing emphasis on skills-based hiring and employee development which drives the market growth. • The increasing shift toward online learning and e-learning platforms has significantly contributed to the digital badge market. |
| RESTRAINTS | • Integrating digital badge systems with existing learning management systems (LMS), can pose significant technical challenges. |
Ans: North America dominated the Digital Badges Market in 2023.
Ans: The services segment dominated the Digital Badges Market in 2023.
Ans: The increasing shift toward online learning and e-learning platforms has significantly contributed to the digital badge market.
Ans: The Digital Badges Market size was USD 208.05 Million in 2023 and is expected to Reach USD 921.78 Million by 2032.
Ans: The Digital Badges Market is expected to grow at a CAGR of 18.01%.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Digital Badges Adoption Rates of Emerging Technologies
5.2 User Demographics, 2023
5.3 Integration Capabilities, by Software, 2023
5.4 Partnership and Collaboration Trends
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Digital Badges Market Segmentation, by Type
7.1 Chapter Overview
7.2 Certification Badges
7.2.1 Certification Badges Market Trends Analysis (2020-2032)
7.2.2 Certification Badges Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Recognition Badges
7.3.1 Recognition Badges Market Trends Analysis (2020-2032)
7.3.2 Recognition Badges Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Participation Badges
7.4.1 Participation Badges Market Trends Analysis (2020-2032)
7.4.2 Participation Badges Market Size Estimates and Forecasts to 2032 (USD Million)
7.5 Achievement Badges
7.5.1 Achievement Badges Market Trends Analysis (2020-2032)
7.5.2 Achievement Badges Market Size Estimates and Forecasts to 2032 (USD Million)
7.6 Contribution Badges
7.6.1 Contribution Badges Market Trends Analysis (2020-2032)
7.6.2 Contribution Badges Market Size Estimates and Forecasts to 2032 (USD Million)
8. Digital Badges Market Segmentation, by Offering
8.1 Chapter Overview
8.2 Platform
8.2.1 Platform Market Trends Analysis (2020-2032)
8.2.2 Platform Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Services
8.3.1 Services Market Trends Analysis (2020-2032)
8.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Million)
8.3.3 Professional Services
8.3.3.1 Professional Services Market Trends Analysis (2020-2032)
8.3.3.2 Professional Services Market Size Estimates and Forecasts to 2032 (USD Million)
8.3.4 Managed Services
8.3.4.1 Managed Services Market Trends Analysis (2020-2032)
8.3.4.2 Managed Services Market Size Estimates and Forecasts to 2032 (USD Million)
9. Digital Badges Market Segmentation, By End User
9.1 Chapter Overview
9.2 Academic
9.2.1 Academic Market Trends Analysis (2020-2032)
9.2.2 Academic Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 Corporate
9.3.1 Corporate Market Trends Analysis (2020-2032)
9.3.2 Corporate Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Government
9.4.1 Government Market Trends Analysis (2020-2032)
9.4.2 Government Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Non-profit Organizations
9.5.1 Non-profit Organizations Market Trends Analysis (2020-2032)
9.5.2 Non-profit Organizations Market Size Estimates and Forecasts to 2032 (USD Million)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.2.3 North America Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.4 North America Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.2.5 North America Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.2.6 USA
10.2.6.1 USA Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.6.2 USA Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.2.6.3 USA Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.2.7 Canada
10.2.7.1 Canada Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.7.2 Canada Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.2.7.3 Canada Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.2.8 Mexico
10.2.8.1 Mexico Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.8.2 Mexico Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.2.8.3 Mexico Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.1.3 Eastern Europe Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.4 Eastern Europe Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.5 Eastern Europe Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.1.6 Poland
10.3.1.6.1 Poland Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.6.2 Poland Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.6.3 Poland Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.1.7 Romania
10.3.1.7.1 Romania Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.7.2 Romania Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.7.3 Romania Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.8.2 Hungary Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.8.3 Hungary Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.9.2 Turkey Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.9.3 Turkey Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.10.2 Rest of Eastern Europe Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.1.10.3 Rest of Eastern Europe Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.2.3 Western Europe Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.4 Western Europe Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.5 Western Europe Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.6 Germany
10.3.2.6.1 Germany Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.6.2 Germany Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.6.3 Germany Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.7 France
10.3.2.7.1 France Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.7.2 France Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.7.3 France Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.8 UK
10.3.2.8.1 UK Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.8.2 UK Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.8.3 UK Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.9 Italy
10.3.2.9.1 Italy Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.9.2 Italy Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.9.3 Italy Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.10 Spain
10.3.2.10.1 Spain Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.10.2 Spain Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.10.3 Spain Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.11.2 Netherlands Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.11.3 Netherlands Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.12.2 Switzerland Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.12.3 Switzerland Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.13 Austria
10.3.2.13.1 Austria Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.13.2 Austria Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.13.3 Austria Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.14.2 Rest of Western Europe Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.3.2.14.3 Rest of Western Europe Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.4.3 Asia Pacific Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.4 Asia Pacific Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.5 Asia Pacific Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.6 China
10.4.6.1 China Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.6.2 China Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.6.3 China Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.7 India
10.4.7.1 India Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.7.2 India Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.7.3 India Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.8 Japan
10.4.8.1 Japan Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.8.2 Japan Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.8.3 Japan Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.9 South Korea
10.4.9.1 South Korea Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.9.2 South Korea Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.9.3 South Korea Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.10 Vietnam
10.4.10.1 Vietnam Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.10.2 Vietnam Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.10.3 Vietnam Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.11 Singapore
10.4.11.1 Singapore Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.11.2 Singapore Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.11.3 Singapore Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.12 Australia
10.4.12.1 Australia Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.12.2 Australia Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.12.3 Australia Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.13.2 Rest of Asia Pacific Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.4.13.3 Rest of Asia Pacific Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.1.3 Middle East Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.4 Middle East Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.5 Middle East Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.1.6 UAE
10.5.1.6.1 UAE Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.6.2 UAE Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.6.3 UAE Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.7.2 Egypt Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.7.3 Egypt Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.8.2 Saudi Arabia Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.8.3 Saudi Arabia Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.9.2 Qatar Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.9.3 Qatar Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.10.2 Rest of Middle East Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.1.10.3 Rest of Middle East Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.2.3 Africa Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.4 Africa Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.2.5 Africa Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.6.2 South Africa Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.2.6.3 South Africa Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.7.2 Nigeria Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.2.7.3 Nigeria Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.8.2 Rest of Africa Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.5.2.8.3 Rest of Africa Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Digital Badges Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.6.3 Latin America Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.4 Latin America Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.6.5 Latin America Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.6.6 Brazil
10.6.6.1 Brazil Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.6.2 Brazil Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.6.6.3 Brazil Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.6.7 Argentina
10.6.7.1 Argentina Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.7.2 Argentina Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.6.7.3 Argentina Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.6.8 Colombia
10.6.8.1 Colombia Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.8.2 Colombia Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.6.8.3 Colombia Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Digital Badges Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.9.2 Rest of Latin America Digital Badges Market Estimates and Forecasts, by Offering (2020-2032) (USD Million)
10.6.9.3 Rest of Latin America Digital Badges Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11. Company Profiles
11.1 Credly
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Badgr
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Pearson
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Accredible
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Canvas by Instructure
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 openbadges
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Tribal Habits
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Top Hat
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 YouEarnedIt
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Salesforce
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Certification Badges
Recognition Badges
Participation Badges
Achievement Badges
Contribution Badges
By Offering
Platform
Services
Professional Services
By End User
Academic
Corporate
Government
Non-profit Organizations
Others
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization:
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Generative AI Market Size was valued at USD 20.21 Billion in 2023 and is expected to reach USD 440 Billion by 2032 and grow at a CAGR of 41.31% over the forecast period 2024-2032.
The In-Memory Computing Market size was USD 17.8 billion in 2023 and is expected to Reach USD 72 billion by 2032 and grow at a CAGR of 16.8% over the forecast period of 2024-2032.
The R&D in GCC Market Size was USD 11.17 billion in 2023 and is expected to reach USD 49.38 billion by 2032 with a growing CAGR of 16.34% by 2024-2032.
The Audio Codec Market Size was valued at USD 6.8 Billion in 2023 and is expected to reach USD 10.9 Billion by 2032, growing at a CAGR of 5.5% by 2024-2032.
The Virtual Data Room Market size was valued at US$ 2.35 Billion in 2023 and is estimated to reach US$ 13.23 Billion in 2032 with an emerging CAGR of 21.17% Over the Forecast Period of 2024-2032.
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