Global Digital Badges in Education Sector to Post 29.41% CAGR to 2020, Says Infiniti Research in In-demand Report Available at MarketPublishers.com27 May 2016 • by Natalie Aster
LONDON – Digital badges are online representation of skills earned in an education environment. In the education domain, they are mainly exploited as proof of proficiency of as tools of motivation. Badging systems in the education area are meant to enable students to obtain valid certification of education from organisations or associations other than educational establishments.
Digital badges hard-code the metadata for future access and review. Based on an open standard, the system allows learners combine manifold badges gained from various issuers. The technology is key to supporting student learning, resulting in a shift of conventional pedagogy to various sources (both online and offline) of learning.
The world digital badges in education market is poised to grow at 29.41% CAGR through to 2020. The main growth drivers include the introduction of game elements in leaning activities, labour market scenario, call for skills recognition and online credentials, government assistance, and students’ increased understanding of employer needs, among others. Meantime, implementation issues, perceived value of digital badges, dearth of tools to correctly assess badges, badge creation and management tools in learning management systems, varying requirements across regions, competition to create digital badges, are amid the major challenges in the market.
Credly, Open Badge Factory, Pearson Education, Youtopia, BadgeCraft, Forallsystems, Knowledgestreem, and Makewaves are the leading players in the marketplace.
In-demand report “Global Digital Badges Market in Education Sector 2016-2020” elaborated by Infiniti Research canvasses the present scenario and prospective development of the market worldwide and specifically across the APAC, North America, Europe and RoW regions.
The study offers market size estimates by considering the revenue derived by issuing platforms. It provides market segmentation based on end-use sector, and by geographic region. The research work explores the trends impacting the digital badges universe, casts light on the key market drivers alongside canvassing the challenges to the growth of the sector. Additionally, the report limelights the competitive environment and include company profiles of the prominent industry players covering their weaknesses and strong points, and also investigating the opportunities and threats faced by the vendors in question.
More reports elaborated by the publisher can be found at Infiniti Research page.