The global digital badges market size is expected to reach USD 0.79 Billion in 2032 and register a steady revenue CAGR of 16.5% during the forecast period, according to the latest analysis by Emergen Research. The use of blockchain for digital badges can be attributed to the steady market revenue growth. Blockchain technology has been evaluated in the context of digital credentials and certificates, however, it does not provide the best answer. As previously stated, ‘blockchain alone does not solve security problems’ and ‘sensitive data with long-term protection needs must be specially protected in a blockchain,’ according to an official recommendation issued by the German Federal Office for Information Security (BSI). As a result, the usage of blockchain can be merely supplementary to cryptographic approaches that are considerably less expensive to build and do not significantly raise overhead and expenses.
The global Digital Badges market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Digital Badges market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Pearson, Instructure, Skillsoft, Peoplecert, Accredible, Parchment, Ebizon, Accreditrust Technologies, Badge List, Badgecraft
Research Report on the Digital Badges Market Addresses the Following Key Questions:
- Who are the dominant players of the Digital Badges market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Digital Badges market?
- What are the key growth drivers and restraining factors of the Digital Badges market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Digital Badges market and its key segments?
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Emergen Research has segmented the global Digital Badges market on the basis of type, type of care, and region
Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2019–2032)
- Certification Badges
- Recognition Badges
- Participation Badges
- Achievement Badges
- Contribution Badges
-
Offering Outlook (Revenue, USD Billion; 2019–2032)
- Platforms
- Services
- Professional Services
- Managed Services
-
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Academic
- K-12
- Higher Education
- Corporate
- SMEs
- Large Enterprises
- Government
- Non-Profit Organizations
- Other End-Use
- Academic
In conclusion, the Digital Badges Market report is an exhaustive database that will help readers formulate lucrative strategies. The Digital Badges Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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