The global Digital badges market size is projected to grow from USD 0.2 billion in 2023 to USD 0.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 16.5%. The growth in adoption of online education and use of blockchain for digital badges is driving the growth of the market.
Key and innovative vendors in the Digital badges market include Pearson (UK), Instructure (US), SkillSoft Corporation (US), PeopleCert (UK), Accredible (US), Parchment (US), EbizON (India), Accreditrust Technologies (US), Badgecraft (Lithuania), Badge List (US), Bestr (Italy), Basno (US), Saarni Learning Oy (Finland), ForAllSystems (US), LearningTimes (US), Nocti Business Solutions (US), Knowledge Catalyst, Learning Vault, Hyperstack (US), TruScholar (India), CredSure.io (Germany), CertifyMe (US), Convergence.Tech (Canada), Open Badge Factory (Finland), Sertifier (US), Certopus (India), and Virtualbadge.io (Germany).
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Pearson is British Multinational educational publishing and assessment service company. Pearson provides educational materials, technologies, assessments, and services to students, teachers, and institutions across various levels of education. Pearson mainly operates Digital Learning Solutions, Assessments Services, Corporate training, and Certification. In Digital Learning Solutions It offers digital platforms, learning management systems, and online courseware that enhance the learning experience through interactive content, assessments, and personalized learning paths. Pearson also offers educational assessment services designs and delivers standardized tests, including high-stakes exams, such as the Pearson Test of English (PTE) and the Pearson Edexcel qualifications. Pearson providers learning and development solutions for businesses and organizations. It offers training programs, certifications, and personalized learning solutions to enhance employee skills and professional development. Pearson partners with universities and colleges, offering a diverse range of services to higher education institutions. These services encompass curriculum development, courseware provision, learning analytics, and online program management. As a result, institutions are empowered to deliver high-quality education both in traditional classroom settings and through online platforms. In January 2022, Pearson announced its acquisition of Credly, a digital credentialing platform that enables organizations to issue, manage, and authenticate digital credentials. This strategic move by Pearson aimed to broaden its digital portfolio and offer learners greater flexibility and personalized learning journeys. Pearson has significant geographical presence in North America, Europe, Asia Pacific, Middle East and Africa and Latin America and operates in over 200 locations in these regions.
SkillSoft is a global provider of digital solutions for business. SkillSoft provides organizations with a comprehensive range of learning resources, advanced technology solutions, and professional services to support the development and improvement of their workforce’s skills. SkillSoft offers products and solutions for Leadership & Business, Technical skills, Compliance and Ethics segment. SkillSoft’s content library is extensive, featuring thousands of courses, videos, books, and other resources created by industry experts and thought leaders. These resources are designed to be flexible and accessible, allowing learners to engage with content at their own pace and using various devices including, desktop, computer, laptops, tablets, and smartphones. SkillSoft’ array of cutting-edge technology solutions aids, in supporting learning and development initiatives. These solutions encompass learning management systems (LMS), virtual classrooms, social learning platform, social learning platform, and assessment tool that empower organizations to monitor and evaluate the effectiveness of their programs. SkillSoft corporation has a global presence in North America, Europe, and Asia Pacific.
Digital Badges Market by Offering (Platforms and Services), Type (Certification, Participation, Recognition, Achievement, Contribution), End User (Academic, Corporate, Government, Non-profit Organizations) and Region - Global Forecast to 2028
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