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All Competitors of Digital Credential Solutions: A Comprehensive Market Analysis
Your Insider Guide to the Future of Secure Digital Credentials
EveryCRED Newsletter
June 26, 2025 • Estimated Reading Time: 23 minutes
🌟 Editor's Note
Welcome to the latest edition of the EveryCRED Trust Ledger!
This week, we’re diving deep into the fast-evolving world of digital credentialing. Explore a comprehensive market analysis, discover the latest trends, and see how EveryCRED is helping organizations worldwide build bridges of trust in a digital-first era.
Digital Credential Solutions: Market Data, Potential, and Demand
Market Size and Growth Projections
Gartner Perspective (Decentralized Identity Market):
Gartner’s 2024 Market Guide for Decentralized Identity highlights that decentralized identity is now a viable market solution, addressing conventional identity access management challenges such as breaches and privacy issues.
Market Value: The decentralized identity market (a key segment of digital credential solutions) is expected to be worth over $3 billion by 2031.
User Adoption: Over half a billion people will be using verifiable credentials by 2026.
Key Drivers: The European Union’s eIDAS 2.0 and digital identity wallet (EUDI) initiatives are accelerating adoption, enabling millions to use verifiable credentials for government services via mobile wallets.
Market & Market Insight (Digital Credential Management Software):
Market Size (2025): The digital credential management software market is valued at $2.6 billion in 2025.
Growth Rate: Projected to grow at a CAGR of 13.1% to $4.26 billion by 2029.
Historic Growth: The market grew from $2.29 billion in 2024 to $2.6 billion in 2025 at a CAGR of 13.5%.
Long-Term Projections: Some analysts project even higher growth, with the market potentially reaching $17.5 billion by 2033 at a CAGR of 15% (from a base of $4.5 billion in 2023).
Regional Breakdown (2033):
North America: $7.2 billion
Europe: $3.5 billion
Asia Pacific: $2.5 billion
Latin America: $1.0 billion
Middle East & Africa: $0.8 billion.
Market Demand and Key Drivers
Increasing Need for Secure and Verifiable Credentials:
Rising cyber threats, data breaches, and identity fraud are driving demand for secure digital credential solutions.
Regulatory compliance requirements (e.g., GDPR, HIPAA) are pushing organizations to adopt digital credential management systems.
Growth in online learning, remote work, and skills-based hiring is increasing the need for verifiable digital credentials.
Technology Trends:
Cloud-based solutions dominate due to scalability, accessibility, and cost-effectiveness.
Blockchain integration is enhancing security and transparency in credential verification, particularly in healthcare and finance.
Mobile-centric solutions, biometric authentication, and self-sovereign identity (SSI) are emerging as key trends.
Zero trust security models and privacy-preserving technologies are being widely adopted.
Market Potential and Opportunities
Sector Adoption:
Healthcare: Largest end-user segment, especially for credential verification of medical professionals.
Education: Rapid adoption for issuing verifiable diplomas and certificates.
Government: Digitization of citizen identification processes is boosting demand.
BFSI (Banking, Financial Services, Insurance): Increasing use for secure identity verification and compliance.
Geographic Expansion:
North America and Europe lead in adoption due to technological maturity and regulatory frameworks.
Asia Pacific is poised for rapid growth due to increasing digital adoption and a large workforce.
Emerging markets in Latin America, Middle East, and Africa are seeing growing interest as digital infrastructure improves.
Market Challenges
Interoperability Standards: Complexity in achieving seamless integration and compatibility across different credential management systems remains a hurdle.
Data Privacy and Security Concerns: Organizations and individuals are cautious about the protection of sensitive digital credentials, especially in regulated sectors.
Initial Investment and Integration: While initial costs can be a barrier, long-term savings and efficiency gains often justify the investment.
Key Takeaways
Market Size: The digital credential management software market is valued at $2.6 billion in 2025, with projections ranging up to $17.5 billion by 2033, depending on the source and segment.
Growth Drivers: Cloud adoption, regulatory compliance, blockchain integration, and the rise of SSI and mobile solutions are fueling growth.
Demand: Strongest in healthcare, education, government, and BFSI sectors, with North America and Europe leading, and Asia Pacific showing rapid growth.
Challenges: Interoperability, data privacy, and integration complexity are key hurdles.
Future: The market is set for robust growth, with innovation in security, privacy, and user experience driving adoption.
Introduction
The digital credential solutions market has evolved into a diverse ecosystem of platforms serving different market segments, from enterprise-grade blockchain-secured solutions to free open-source alternatives. Based on extensive research from multiple sources, I've compiled a comprehensive list of all competitors in this space, categorized by their market positioning, technical approach, and target audience.
Market Leaders and Enterprise Platforms
Top-Tier Enterprise Solutions
Market position: World's leading digital credential platform
Served over 2,300 organizations including Google, IEEE, McGraw Hill, MIT, Skillsoft, Slack, and University of Cambridge
Issued and verified over 100 million career-advancing credentials
Pricing: Starts at up to 250 recipients per year (Enterprise plans custom)
Key features: Blockchain credentials, unlimited credentials per recipient, advanced integrations
Market position: End-to-end solution for creating, issuing and managing digital credentials
Major enterprise client base with blockchain validation on Bitcoin
Pricing: Custom enterprise pricing (considered premium-priced)
Key features: Blockchain recording at no additional cost, extensive analytics, corporate learning & development focus
Market position: Blockchain-based digital credentialing pioneer
Serves prestigious institutions like Stanford, ESCP Business School, University of Toronto, TOEIC, Crédit Agricole, WHO
Pricing: Starting at $1.50/recipient/year (40% discount from $2.50)
Key features: 100% white-label solution, data sovereignty, blockchain-backed certificates, international patents
Market position: Complete end-to-end digital credentialing platform
Track record: Over 8 million credentials issued
Pricing: $0 (free forever) to $339/month for Advanced plan
Key features: 94% Net Promoter Score, Velocity Network™ partnership for blockchain, comprehensive analytics
Market position: Customizable digital credentialing ecosystem for education, government, and enterprise
Track record: Built for large-scale verification used by institutions across Asia, US and the EU
Pricing: Custom pricing based on solution type (Platform or Solution)
Key features: Blockchain-backed verifiable credentials (EVRC DID method), multi-industry support, compliance-first design, native analytics & credential expiration tracking
Mid-Market and Professional Solutions
Established Professional Platforms
Market position: VC-backed, ISO 9001 certified SaaS platform
Global presence: Trusted by 2M users across 144 countries, ranked among top 3 globally
Clientele: 1800 clients including global banks, government institutions, MNCs
Key features: Tech99 Innovations product, tamper-proof verifiable credentials
Market position: Design-centric platform for bulk certificate generation
Pricing: $0 (Free forever) to $339/month (Advanced), Enterprise custom
Key features: Mass issuing & delivery, LinkedIn credentials, QR code verification, premium branding
Review status: 500+ reviews on G2 and Trustpilot
Market position: Fast certificate generation platform
Capability: Issue 100,000 certificates in minutes
Unique feature: Karma Score system for credentials based on category and relevance
Key features: API integration, platform verification, credential ranking system
Specialized Sector Solutions
Market position: Enterprise blockchain-based credentialing (acquired by Hyland in 2020)
Technology focus: Built on open source standards, blockchain infrastructure
Market segment: Higher education, government, healthcare
Background: Founded by Chris Jagers (SlideRoom founder), incubated at MIT
Market position: Enterprise blockchain identity platform
Integration: Part of Microsoft ecosystem with Azure AD
Key features: Government-backed digital IDs, blockchain-immutable ledger
Market focus: Enterprise identity and access management
Healthcare and Government Specialized Solutions
Healthcare Credentialing Platforms
Market position: Healthcare-specific credentialing automation
Service model: Both cloud software and credentialing experts team
Performance: Saves average of 3 weeks in credentialing process
Key features: Real-time workflow visibility, automated verification, compliance focus
Market position: Healthcare credentialing and provider lifecycle management
Focus: Medical professional verification and compliance
Market position: Provider lifecycle management for healthcare
Technology: Powered by hStream for automated data gathering and validation
Key features: Simplifies credentialing, privileging, and enrollment processes
Government and Identity Solutions
Market position: Government mobile ID services
Certification: First mDL provider certified by UL Solutions for ISO/IEC 18013-5
Recognition: IDC named Thales world leader in Advanced Authentication
Key features: Mobile driver's licenses, biometric authentication, GDPR compliance
Market position: EU Digital Identity Wallet framework specialist
Standards compliance: eIDAS, NIST, ICAO 9303, ISO 18013-5, ISO 18013-7
Global leadership: Leader in ISO 18013 standardization work
Pilot program: World's first ISO-compliant mobile ID pilot in Utah, USA
Blockchain and SSI Wallet Providers
Self-Sovereign Identity Wallets
Market position: Leading SSI wallet provider
Technology: Edge and cloud wallet options
Developer tools: Mobile SDK and API access
Microsoft Authenticator
Market position: Enterprise SSI integration
Platform: Not open source, Microsoft ecosystem integration
Market position: Decentralized digital identity platform
Key features: Biometric authentication, public key cryptography, reusable identity
Security: Trusted Platform Module, end-to-end encryption
Jolocom Smart Wallet
Market position: Open-source self-sovereign identity platform
Focus: Developer-friendly, open standards integration
Specialized SSI Solutions
Provider: Privacy by Design Foundation
Focus: Privacy-first credential management
Provider: Evernym
Market position: Enterprise SSI solutions
Provider: Lissi
Focus: European market SSI implementation
Provider: SelfKey Foundation
Focus: KYC and identity verification processes
Enterprise Security and Access Management
Privileged Access Management Platforms
Market position: Enterprise password and credential management
Focus: Privileged account security, credential vaulting
Key features: Session management, real-time monitoring, audit trails
Market position: Privileged credential management for enterprise
Compliance: NIST 800-53, ISO 27001 aligned
Key features: Automated credential rotation, secure vaulting, real-time access control
Market position: Enterprise credential orchestration specialist
Technology: PKI and FIDO2 passkeys, smart card management
Products: vSEC:CMS, vSEC:CLOUD, FIDO orchestration platforms
Open Source and Free Platforms
Open Source Badge Platforms
Market position: EU-based multilingual badging platform
Pricing: Free tier available
Key features: Badge Wallet app, PDF badge issuance, Cities of Learning support
Market position: EU-based badging with portfolio integration
Key features: Open Badge Passport companion site, subway map pathways, third-party endorsements
Market position: Learning management system with integrated badging
Global presence: Oceania/EU server locations
Integration: Native LMS badge functionality
Market position: UK-based learning-to-jobs platform
Key features: AI badge creator, Lightcast data integration, career pathway mapping
Participate
Market position: US-based Community of Practice platform
Key features: Auto-issuing based on triggers, CoP functionality with badging
Free and Freemium Solutions
Offering: Basic digital credential management
Competition: Compared against Credly, Certifier, CertifyMe
Association: OpenSSF Best Practices Badge Program
Focus: Open source community recognition
GitHub Rewards Program
Platform: GitHub's integrated badge system
Focus: Developer community recognition
Open Badge Passport
Market position: Free, multilingual badge service
Key features: Easy-to-use interface for receiving, storing, and sharing Open Badges
Emerging and Specialized Competitors
Identity Verification Specialists
Market position: Digital identity verification specialist
Key features: Reusable verified identities, legal signature capabilities
Focus: Identity verification efficiency and speed
Market position: Enterprise identity and access management
Key features: Cryptographically secure digital proofs, biometric wallet integration
Focus: Centralized credential management with privacy controls
Blockchain Identity Platforms
Market position: Blockchain digital identity pioneer
Key features: Real-time identity verification, user data control
Technology: Civic app for secure identity verification
uPort
Developer: ConsenSys
Technology: Ethereum blockchain-based identity management
Focus: Self-sovereign identity (SSI) implementation
Market position: Enterprise blockchain identity services
Focus: IT system integration, employee and client identity management
Compliance: Privacy regulation alignment
Market position: European SSI infrastructure provider
Technology: Aries Framework Go, did:peer methods
Key features: Pairwise pseudonymous DIDs, privacy-by-design
Learning and Training Platform Integrations
Market position: Corporate learning platform with digital badges
Performance: Issued 9.3 million digital badges since February 2020
Integration: Uses Accredible technology for badge management
Market position: Professional development platform
Competition: Competes with GoSkills, Udemy, Coursera, MasterClass
Key features: LinkedIn profile integration, professional certificates
Market position: Microsoft technology training platform
Key features: Shareable transcripts, Applied Skills credentials, LinkedIn integration
Compliance: Privacy settings and data control
Regional and Specialized Markets
Industry-Specific Solutions
Market position: Engineering simulation software certification
Platform: Uses Credly for badge issuance
Focus: Technical skills validation in engineering
Market position: Comprehensive certification platform
Features: 100+ features, blockchain-secured certificates, recipient ownership
Key advantage: Vendor-independent, globally verifiable
Market position: Digital credentialing platform
Focus: Academic and professional certification
Market position: Free digital credential management
Offering: Basic credentialing functionality
Government and Compliance Focused
Market position: Identity verification and fraud prevention
Focus: Government and financial services compliance
Market position: Blockchain-based identity verification
Focus: Enterprise identity and access management
Market position: Digital identity solutions
Focus: Trusted partner ecosystem development
Market Analysis and Competitive Landscape
Market Segmentation
The digital credential solutions market can be segmented into several distinct categories:
Enterprise Platforms ($50M+ market): Accredible, Credly, BCdiploma leading
Mid-Market Solutions ($5-50M market): Sertifier, CertifyMe, Certifier competing
Specialized Healthcare: MedTrainer, CredentialStream, Modio Health dominating
Government/Identity: Thales, Scytáles, EveryCRED, Microsoft leading standards compliance
Open Source/Free: Badgecraft, Open Badge Factory, Moodle providing alternatives
SSI/Blockchain: Trinsic, Jolocom, 1Kosmos driving innovation
Pricing Landscape
The market shows significant pricing variation:
Free tiers: Multiple platforms offer free options (Sertifier, Certifier, Badgecraft)
Entry-level: $1.50-$67/month for small organizations
Professional: $67-$399/month for mid-market
Enterprise: Custom pricing for large organizations
Technology Differentiation
Key technology differentiators include:
Blockchain integration: BCdiploma, Credly, Sertifier leading
Standards compliance: ISO 18013-5, W3C Verifiable Credentials, eIDAS 2.0
Integration capabilities: API-first architectures, LMS integrations
Security features: End-to-end encryption, biometric binding, zero-knowledge proofs
Final Take-Away!
The digital credential solutions market comprises over 50 distinct competitors ranging from enterprise-grade platforms serving Fortune 500 companies to open-source solutions supporting community-driven initiatives. The market demonstrates healthy competition across multiple segments, with clear leaders in enterprise (Accredible, Credly), blockchain innovation (BCdiploma, Sertifier), and specialized verticals (healthcare, government, SSI).
The competitive landscape continues evolving with blockchain technology adoption, standards harmonization around W3C Verifiable Credentials and ISO specifications, and increasing demand for interoperable, user-controlled credential systems. Organizations selecting digital credential solutions should evaluate providers based on their specific use cases, technical requirements, compliance needs, and growth trajectories within this dynamic and rapidly expanding market.
Still Evaluating Credentialing Platforms?
Most institutions and organizations struggle with:
⚠️ Fake degrees and unverifiable certifications
⚠️ Manual, error-prone verification processes
⚠️ Compliance risks and data privacy concerns
⚠️ Lack of trust in online credentials
Whether you're a university, training institute, EdTech, certification body, government entity, or enterprise, it's time to modernize your credentialing system.
EveryCRED is built to eliminate fraud, ensure compliance, and enable instant, verifiable credentials at scale.
Partner with us to future-proof your credentialing.
We power secure, interoperable solutions for governments, enterprises, and educational institutions with pilot programs available for public sector innovation. Let’s build what’s next, together. Just fill the Inquiry form & let us contact you and build solutions for you.
Resources:
https://www.g2.com/products/digital-credentials/competitors/alternatives
https://certifier.io/blog/credly-pricing-is-credly-worth-it-in-2022
https://www.g2.com/products/hyland-credentials/competitors/alternatives
https://www.linkedin.com/products/categories/digital-credential-management-software
https://learn.microsoft.com/en-us/credentials/certifications/cred-share-validate
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