MarketResearchNest.com adds “Global Digital Badges Market 2017-2021”new report to its research database. The report spread across 110 pages with table and figures in it.
Research analysts forecast the global digital badges market in education sector to grow at a CAGR of 31.30% during the period 2018-2022.
About Digital Badges
Digital badges are increasingly being used in applications in the CBE sector. They are basically used to demonstrate the skills of students. The concept of digital badges has gained traction in the education sector and is gaining popularity among teachers. Schools across the world are increasingly using digital badges in the form of micro-credentials for the professional development of teachers. The global digital badges market in the higher education sector is expected to witness a steady growth during the forecast period. Based on the end-user segment the digital badges market can be segmented into higher education and K12. During 2017, the higher education segment accounted for the major share of the digital badges market in education sector. Factors such as the stringent demands from employers and the increasing number of students enrolling for higher education, will contribute to the growth of the digital badges market in higher education segment in the coming years.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital badges market in education sector for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of digital badges in education sector.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Digital Badges Market in Education Sector 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global digital badges market in education sector: Accredible, Credly, Forall Systems, Discendum, Pearson Education, and Youtopia
Other Prominent Vendors in the market are: Badgecraft, Basno, Knowledge Stream, and Makewaves.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is introduction of competency-based education (CBE). The CBE method enables personalized learning and the integration of digital badges provides increased assistance in offering flexibility for student’s necessities along with maintaining standards for faculty. Since badges are awarded based on certain goals, tasks, and achievements of students, the adoption of digital badging in the CBE model offers teachers a flexible way to recognize the soft skills of the students.”
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According to the report, one of the major drivers for this market is increase in government support. Developed and developing countries have gained increased support for using digital badges in the curricula. For instance, in the US, badges are used as a valuable tool to gain information related to the complete skill set of the student. Additionally, the federal government has also widely promoted the utilization of digital badges in schools and colleges. Furthermore, the government of the UK is also widely focusing on the utilization of open digital badges as a tool to measure the skill set of students.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain