DUBLIN, March 1, 2024 /PRNewswire/ — The “Digital Badges – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Digital Badges Market to Reach $446.9 Million by 2030
The global market for Digital Badges estimated at US$111.9 Million in the year 2022, is projected to reach a revised size of US$446.9 Million by 2030, growing at a CAGR of 18.9% over the analysis period 2022-2030.
Platform, one of the segments analyzed in the report, is projected to record 19.4% CAGR and reach US$334.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 17.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $32.7 Million, While China is Forecast to Grow at 17.7% CAGR
The Digital Badges market in the U.S. is estimated at US$32.7 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$74.2 Million by the year 2030 trailing a CAGR of 17.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.
MARKET OVERVIEW
Influencer Market InsightsDigital Badges to Witness Significant GrowthAcademic End-Use Segment to Register Higher GrowthDigital Badges – Global Key Competitors Percentage Market Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)Impact of Covid-19 and a Looming Global Recession
MARKET TRENDS & DRIVERS
With Increased Need to Bridge the Skill Gap, the Market for Digital Branding is set to GrowIncreasing Collaborations between Digital Badges Vendors and Corporates/Institutions to Bolster Market GrowthIncreasing Emphasis on Gamification to Drive Market GrowthIncrease in Student Enrolments for Online Learning to Support Market DemandMarket Size of Global Online Education Market (in Billion USD): 2016-2023Opportunities for Workforce DevelopmentIntroduction of Blockchain Based Digital Badges, Spur Market DemandNew product Launches Drive Demand for Digital BadgesGrowing Significance of Life-long Learning to Spur Demand
FOCUS ON SELECT PLAYERS (Total 42 Featured)
An Introduction to the Leading Market PlayerPercentage Breakdown of Market Share of Digital Badges Market by Leading PlayersM&A and Partnerships to Spur Demand for Digital Badges MarketAccredibleAccreditrust Technologies LLC (TrueCred)Badge ListBadgecraft UABBasno, Inc.Be BadgesBestrConcentric Sky, Inc.Credly, Inc.Discendum OyEbizonForall Systems, Inc.LearningTimes, LLC.Nocti Business SolutionsPortfolium, Inc.Professional Examination ServiceYoutopia, Inc
For more information about this report visit https://www.researchandmarkets.com/r/dle8aw
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SOURCE Research and Markets
