Digital Badge Market Report: Trends, Forecast and Competitive Analysis to 2030

Digital Badge Trends and Forecast

The future of the global digital badge market looks promising with opportunities in the academic, corporate, government, and non-profit organization markets. The global digital badge market is expected to reach an estimated $301.6 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are growing acceptance of social and digital learning through a variety of online channels, growing interest in remote learning and e-learning, as well as, growing emphasis on enhancing an employee's technical expertise and increasing adoption of online certification.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Digital Badge by Segment

The study includes a forecast for the global digital badge by type, offering, end use, and region.

Digital Badge Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Certification Badges
• Recognition Badges
• Participation Badges
• Achievement Badges
• Contribution Badges

Digital Badge Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Platform
• Services

Digital Badge Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Academic
• Corporate
• Government
• Non-Profit Organizations
• Others

Digital Badge Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Digital Badge Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital badge companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital badge companies profiled in this report include-

• Pearson
• Instructure
• SkillSoft
• PeopleCert
• Accredible
• Parchment
• EbizON
• Accreditrust
• Badgecraft
• Badge List

Digital Badge Market Insights

Lucintel forecasts that platform is expected to witness higher growth over the forecast period because the production and distribution of digital badges are made possible by digital badge platforms, and the platform can be used by end users to create, verify, gather, distribute, and manage digital badges.

Within this market, academic will remain the largest segment because it include schools, colleges, universities, and private tutorials, is pushing credentials as a means of providing professional learning opportunities for educators and other professionals in various subjects and fields.

North America will remain the largest region over the forecast period due to greater use of digital badges by small and medium-sized businesses to help staff build their abilities.

Features of the Global Digital Badge Market

Market Size Estimates: Digital badge market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Digital badge market size by type, offering, end use, and region in terms of value ($B).

Regional Analysis: Digital badge market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, offering, end use, and regions for the digital badge market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital badge market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the digital badge market size?

Answer: The global digital badge market is expected to reach an estimated $301.6 billion by 2030.

Q2. What is the growth forecast for digital badge market?

Answer: The global digital badge market is expected to grow with a CAGR of 15.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the digital badge market?

Answer: The major drivers for this market are growing acceptance of social and digital learning through a variety of online channels, growing interest in remote learning and e-learning, as well as, growing emphasis on enhancing an employee's technical expertise and increasing adoption of online certification.

Q4. What are the major segments for digital badge market?

Answer: The future of the global digital badge market looks promising with opportunities in the academic, corporate, government, and non-profit organization markets.

Q5. Who are the key digital badge market companies?

Answer: Some of the key digital badge companies are as follows:

• Pearson
• Instructure
• SkillSoft
• PeopleCert
• Accredible
• Parchment
• EbizON
• Accreditrust
• Badgecraft
• Badge List

Q6. Which digital badge market segment will be the largest in future?

Answer: Lucintel forecasts that platform is expected to witness higher growth over the forecast period because the production and distribution of digital badges are made possible by digital badge platforms, and the platform can be used by end users to create, verify, gather, distribute, and manage digital badges.

Q7. In digital badge market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to greater use of digital badges by small and medium-sized businesses to help staff build their abilities.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the digital badge market by type (certification badges, recognition badges, participation badges, achievement badges, and contribution badges), offering (platform and services), end use (academic, corporate, government, non-profit organizations, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?