Digital Badges Market is expected to grow at a CAGR of 19.8% between 2018 and 2023

“The growing adoption of online learning along with an increasing focus on employees’ professional development is expected to drive the global digital badges market”

The global digital badges market size is expected to grow from USD 83.3 million in 2018 to reach USD 205.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. Major drivers of the digital badges market include the growing adoption of online learning, an increasing focus on employees’ professional development, and the use of blockchain in digital badges. Lack of IT infrastructure in countries of the developing regions could be a major challenge for the growth of digital badges market.

 

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“The corporate end-user segment to grow at a higher rate during the forecast period”

The corporate end-user segment has started adopting digital badges to provide intrinsic value to the training offered to employees. Digital badges are gaining traction especially in the technology sector where employees improve their job qualifications by showcasing their technical expertise. Many technology vendors have partnered with digital badge platform providers to offer digital badges to employees who have completed training modules in different technological aspects.

 

“North America to hold the largest market size and APAC to grow at the highest CAGR during the forecast period”

In the global digital badges market, North America is expected to hold the largest market size during the forecast period. Organizations in North America are increasingly adopting digital badges. owing to the authenticity provided by digital badges, a growing demand for acquiring specific skills among individuals, increasing collaboration among educational institutions, and rapid technological advancements. Large presence of firms that utilize the digital badge technology would also contribute to the growth of the market in North America. On the other hand, APAC is expected to record the fastest growth in the digital badges market, as academic institutions and corporate houses in the region have started adopting smart eLearning solutions. In APAC, organizations are increasingly focus to gain better RoI on talent development, fulfill employee learning requirements, offer proper employee training, and receive quantifiable business outcomes.

 

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The break-up profiles of primary discussion participants are given below:

  • By Company Type: Tier 1 (15%), Tier 2 (25%), and Tier 3 (60%)
  • By Designation: C-Level (45%), Manager Level (30%), and Director Level (25%),
  • By Region: North America (45%), Europe (25%), APAC (20%), RoW (10%)

 

The following key vendors profiled in the digital badges market report:

  1. Credly (US)
  2. Accredible (US)
  3. Accreditrust (US)
  4. Badgecraft (Lithuania)
  5. Badgelist (US)
  6. Basno (US)
  7. Be Badges (Belgium)
  8. Bestr (Italy)
  9. Concentric Sky (US)
  10. Discendum (Finland)
  11. EbizON (India)
  12. Forall Systems (US)
  13. LearningTimes (US)
  14. Nocti Business Solutions (US)
  15. Portfolium (US)
  16. ProExam (US)
  17. Youtopia (US)

 

Related Report:

RTLS Market for Healthcare by Facility Type (Hospitals & Healthcare Facilities, Senior Living), Offering (Hardware, Software, Services), Technology (RFID, Wi-Fi, BLE, UWB, IR, Ultrasound), Application/Use case, and Geography - Global Forecast to 2023

“The real-time locating systems (RTLS) market for healthcare to grow at a CAGR of 18.3% during the forecast period”

The RTLS market for healthcare is expected to grow from USD 1,271.2 million in 2018 to USD 2,941.2 million by 2023, at a CAGR of 18.3% during the forecast period. The increased competitiveness in the market with the emergence of startups providing innovative and customized RTLS solutions based on newer technologies is one of the major factors fueling the growth of the RTLS market for healthcare. Other factors driving the market growth include safety and security concerns in healthcare facilities and high return on investment. Factors restraining the market growth include concerns regarding data security and privacy, unsatisfactory results and negative feedback from RTLS end users, and the high cost of acquisition and maintenance.

Read More: https://watchersofmarkets.com/products/rtls-market-for-healthcare-by-facility-type-hospitals-healthcare-facilities-senior-living-offering-hardware-software-services-technology-rfid-wi-fi-ble-uwb-ir-ultrasound-application-use-case-and-geography-global-forecast-to-2023  

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Posted by on Saturday August 11 2018, 5:15 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Data Centers, Featured Press Release, Manufacturing, Manufacturing & Construction, Media, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks are open. Follow responses: RSS 2.0

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