Thursday, May 19th, 2016 add Global Digital Badges Market in Education Sector 2016-2020 latest research report, the analysts forecast global digital badges in education market to grow at a CAGR of 29.41% during the period 2016-2020.

According to the digital badges market in education sector report, a growth driver is the incorporation of gamification in the education sector. The prevailing trends in the market and prominent use of gamification methodologies across most verticals are clear indications of a positive growth. Early adopters of the concept have emerged as brand names in this sector, whereas start-ups are focusing on innovation to render their products' unique features to appeal to the customers in the highly fragmented market.

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The global digital badges market in education sector analyst said an key trend in this market is the increased spending on educational technology by educational institutions. Educational technology plays an increasingly important role in enriching the learning experience for students. Digital classrooms have incorporated advanced technological learning aids in terms of both hardware and software to improve the management of learning for their students. Institutions in both the K-12 and higher education sectors are investing their budgets in software that can improve content, enterprise resource planning systems, and credentialing systems.

Global Digital Badges Market in Education Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.

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This report covers the present scenario and the growth prospects of the Global Digital Badges in Education Market for 2016-2020. To calculate market size, the report considers the revenue generated by issuing platforms, which enable easy creation and issuing of digital badges for the higher education and K-12 sectors.

A digital badge is an indicator of skills and accomplishment earned in a learning environment. Digital badges are also known as open badges, micro-credentials, and educational badges. These badges display interactive images that are posted on web pages and linked to data such as issuer information, criteria, curriculum, rubric, evidence, expiration date, learning pathway, and time of issue. In the education sector, digital badges are primarily used as motivational tools or as evidence of proficiency. Badging systems in education will allow students to gain valid certification of education from associations or organizations other than educational institutions.

Digital badges hard-code the metadata for future access. Since the system is based on an open standard, learners can combine multiple badges earned from different issuers. The technology is necessary to support student learning. This has shifted from traditional pedagogy to various online and offline sources of learning. Students now learn through a variety of knowledge streams, including media, community efforts, group projects, and interest-based learning.

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Key players in the global Digital Badges Market in Education Sector: Credly, Open Badge Factory, Pearson Education, and Youtopia.

Other Prominent Vendors in the market are: BadgeCraft, Forallsystems, Knowledgestreem, and Makewaves.

Further, the report states that one challenge that could definitely hamper market growth is the lack of tools to review badges.

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