Digital Badges Market Trends Growth Forecast Research by 2024

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Digital Badges Market Growth, Trends, Product,
Forecast Research, 2024 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Digital Badges Market

• North America dominates the digital badges market
  due to the presence of major key players in this
  region. Accredible, Portfolium, and Accreditrust
  are some of the key players that are expected to
  have a major market share in the U.S. The
  increasing adoption of the digital badges among
  the educational institutes in the region also
  augments the market growth. For instance, in
  October 2017, the Federation of State Medical
  Boards integrated Blockcerts, an Open Badge
  platform, to verify the official records of the
  students into their systems and authenticate the
  medical personnel credentials. Moreover, the
  Learning Competition and HASTAC/MacArthur
  Foundation made an investment of USD 2 million
  for 30 innovative badge systems for lifelong
  learning competition for multiple applications.
• European digital badges market region is
  anticipated to witness a substantial growth rate
  due to several projects that are undertaken by
  the key players to propel their market share in
  the region. The service providers opt to join
  European Badge Alliance (EBA) organization to
  offer their innovative badge solutions to
  educational institutions and corporates across
  the region. EBA is an open platform that
  encompasses several organizations to validate and
  the recognize the competencies of their
  students/employees.

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• Application Analysis of Digital Badges Market
• Digital badges are defined as a virtual token of
  the accomplishments, skill, or quality of the
  person in any learning environments. The
  technology is being widely used in academic
  institutions and corporates for the continuous
  assessment of the personnel skills and knowledge.
  It provides new pathways of learning to enhance
  the skills and abilities of the person by
  awarding the virtual badges after the successful
  completion of the task. The technology displays
  the badge in the image file allowing users to
  monitor their achievements. The integration of
  the blockchain technology into the digital badges
  is also estimated to foster the market growth.
  The blockchain technology is being used to verify
  official records including official credentials,
  professional licenses, and data aligning to the
  Open Badges Specification.
• The supportive government policies to promote the
  use of open badges are also expected to drive the
  digital badges market. The U.S. Department of
  Education has passed a policy allowing the
  academic institutions and companies to adopt
  these technologies in their existing systems. For
  instance, in July 2017, Louisville internal data
  governance group and the office of civic
  innovation have launched internal certification
  for the employees allowing them to learn new
  skills in their city.

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Competitive Market Share of Heat Meters Market

• The digital badges market is fragmented due to
  the presence of a significant number of players
  in the market. Some of the key players operating
  in this market are Credly, Accredible,
  Professional Examination Service, Discendum,
  Portfolium, Inc., Accreditrust Technologies, LLC,
  Badge List, Badgecraft, Basno, Be Badges, Bestr,
  Concentric Sky, Inc., EbizON, Forall Systems,
  Inc., LearningTimes, Nocti Business Solutions,
  Pearson Education, and Youtopia. The key players
  of the market opt for product development and
  investments in SMEs to augment their growth in
  the market.

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