The North America Digital Badges Market would witness market growth of 14.4% CAGR during the forecast period (2023-2030).
Digital badge solutions provide authentication mechanisms to maintain authenticity, including embedded metadata or integration with external verification services. These solutions offer recipients the chance to communicate accomplishments with peers, prospective employers, or educational institutions by allowing recipients to display badges on websites, social media profiles, or digital portfolios, encouraging recognition and professional development.
Digital badge solutions provide organizations and individuals with numerous benefits. These solutions provide organizations with a tangible and portable method of recognizing and motivating individuals, promoting ongoing skill development. Digital badges increase individuals' professional profiles, boosting their chances of career advancement by increasing their online visibility and credibility.
Micro-credentialing is possible via digital badges, where learners can obtain badges for particular competencies or skills. These can be layered to create a thorough profile of a person's abilities, making them appealing to employers seeking specialized skills. Additionally, these are readily shareable across multiple platforms, such as social media, professional networking sites, and email signatures.
The United States and Canada are the two significant contributors in North America. The region has many well-established, prominent educational institutions that offer quality education. Digital badges are becoming more widely used in the business and educational sectors because of technological improvements. The U.S. Bureau of Labor Statistics predicts that employment in information technology and computer occupations will rise by 15% between 2021 and 2031, significantly greater than the average for all occupations. These occupations are projected to create approximately 82,800 jobs over the decade. The demand for such workers will be driven by an increasing focus on cloud computing, extensive data collection, and information security, expanding the market's potential over the forecast period.
The US market dominated the North America Digital Badges Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $176,066.1 Thousands by 2030. The Canada market is showcasing a CAGR of 17% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 16% 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 U.S., Mexico, Canada, and Rest of North America.
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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