The Latin America, Middle East and Africa Digital Badges Market would witness market growth of 17.8% CAGR during the forecast period (2023-2030).
Students use online portfolio sites to compile their internships from online and classroom courses and their volunteer experiences, group projects, internship experiences, and other accomplishments. LinkedIn, for example, is a prominent online portfolio website with over 900-million-member accounts. This contributes to the market's expansion by improving networking chances for professionals and students.
Mobile badging notifies businesses at the door if there is a cybersecurity issue and provides them with the appropriate steps to resolve it swiftly, quickly, and effectively. Additionally, it ensures a consistent, unified level of safety and security for all business apps, whether they are mobile or browser-based, within an organization. These primary benefits are expected to drive the market's significant rise throughout the forecast period.
Digital badges record a person's accomplishments and acquire abilities. This transparency can assist in bridging the skills divide and aligning job seekers' skills with employer needs. The process has been simplified for companies, educators, and learners by introducing specialized platforms and marketplaces for badge production, issuance, and display.
In 2022, it's expected that 14.5 million students were enrolled across the GCC. The region has a significant opportunity for scalability and long-term growth for EdTech companies due to the region's expanding student population, increasing technology disruption, and government initiatives to create a knowledge-based economy. This also shows the potential rise of e-learning in the GCC. The market for digital badges in the LAMEA region is expected to expand due to the faster adoption of online education.
The Brazil market dominated the LAMEA Digital Badges Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,338.6 Thousands by 2030. The Argentina market is registering a CAGR of 18.5% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 17.5% during (2023 - 2030).
Based on Type, the market is segmented into Certification Badges, Recognition Badges, Participation Badges, Achievement Badges, and Contribution Badges. Based on Offering, the market is segmented into Platform, and Services. Based on End User, the market is segmented into Academic, Corporate, Government, Non-profit Organizations, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Digital Badges Market is Projected to reach USD 700.8 Million by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP), Skillsoft Corporation, PeopleCert Group (PeopleCert Holdings UK Ltd), EdInvent, Inc. (Accredible), Parchment LLC (Credentials eSCRIP-SAFE), Accreditrust Technologies, LLC, Asset Chain Techlligence Private Limited (TruScholar), Basno, Inc., Sertifier INC. and Tech99 Innovations Pvt Ltd (CertifyMe).
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