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.
Technavio's analysts forecast the global digital badges market in education sector to grow at a CAGR of 31.30% during the period 2018-2022.
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.
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.
â€¢ Forall Systems
â€¢ Pearson Education
Other prominent vendors
â€¢ Knowledge Stream
â€¢ Increase in government support
â€¢ For a full, detailed list, view our report
â€¢ Introduction of competency-based education (CBE)
â€¢ For a full, detailed list, view our report
Key questions answered in this report
â€¢ What will the market size be in 2022 and what will the growth rate be?
â€¢ What are the key market trends?
â€¢ What is driving this market?
â€¢ What are the challenges to market growth?
â€¢ Who are the key vendors in this market space?
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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