Crowdfunding Market was worth USD 13.35 billion in 2021 and is poised to amplify at a CAGR of 11.7% over 2022-2030, thereby amassing a valuation of USD 25.93 billion by end of the assessment timeframe.
The technique of raising money from a sizable number of people for a charitable endeavour or business enterprise is sometimes referred to as crowdfunding. Due to the quick development of digital technology, a number of online fundraising platforms have been created to help organisations raise money online. It lessens the reliance of businesses on banks and venture capitalists for financial support. Startup businesses frequently turn to crowdfunding to effectively finance their latest business endeavours.
Crowdfunding is the practise of soliciting modest donations from a large number of people in order to raise money for a certain cause or project. It is done using social networks online, which makes it simpler for supporters to spread the word about a cause or initiative. It can be used to generate money for a worthwhile endeavour, a creative undertaking, the launch of a business, college tuition, and other costs. The need for crowdfunding is growing globally because it is a scalable, adaptable, and effective method of raising money.
One of the primary elements favouring the global acceptance of crowdfunding is the rising frequency of chronic illnesses among the populace. Additionally, a number of government efforts designed to reduce healthcare costs are encouraging market expansion. These authorities are investing in and promoting crowdfunding for financial support through crowdfunding campaigns, together with other non-governmental organisations (NGOs). In addition, massive advertising campaigns, celebrity endorsements, and social media influencers are enticing people to help the world’s population achieve a better future, which is fostering a favourable view for the market. Additionally, it might be ascribed to the quick urbanisation, increased smartphone sales, and the widespread accessibility of high-speed internet. Additionally, a number of sporting events are being planned to raise money in a short amount of time, which is boosting the market’s expansion. In addition, the public is increasingly embracing the new trend of people starting their own businesses.
Global crowdfunding market: Key trends
COVID-19 pandemic outrage created an upward trend in the market growth
Also, the COVID-19 pandemic outbreak had a positive impact on the worldwide crowdfunding market. Numerous crowdfunding campaigns were launched by individuals, enterprises, NGOs, and government bodies to provide financial aid to the affected population. It also led to an increase in reward based crowd funding activities, thereby stimulating the overall industry outlook.
Increasing social media penetration to augment the industry outlook
With rising internet penetration, there has been a surging inclination of the masses towards the use of social media platforms. These platforms enable fundraises to connect with donors globally and help them secure the required funds in real time. Moreover, the rising popularity of social media crowdfunding campaigns is further adding momentum to the market development.
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Global Crowdfunding Market: Segmentations
By Key Players
- Birchal
- CircleUp Network Inc.
- ConnectionPoint Systems Inc.
- Crowdcube
- Crowdfunder Ltd.
- Crowdrise
- Equitise
- Fuel a Dream
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo
- Kickstarter PBC
- Mightycause
- Patreon
- RocketHub
- SeedInvest Technology
- Seedrs
- StartEngine
- SyndicateRoom
- Venture Crowd
- Gust
- FirstGiving
- Teespring
- org
- FundRazr
- Kiva
By Type:
- Reward crowdfunding
- Debt crowdfunding
- Equity crowdfunding
- Donation crowdfunding
- Others
By Deployment Type:
- On Premises
- Cloud
By Sales/Procurement Type:
- Reward
- P2P Lending
- Equity Investment
- Hybrid
By End Use:
- Entrepreneurship
- Social Cause
- Cultural Industries
- Real Estate
- Music
- Technology
- Healthcare
- Publishing
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Major questions answered in the report:
- What are the major growth factors, recent trends and challenges in the global crowdfunding market?
- Which region accounts for the largest revenue share in the global crowdfunding market?
- Which top companies are contributing in the growth of global crowdfunding market?
Key takeaways from the report:
- Deep-insights on regional analysis of the crowdfunding market.
- Challenges, trends and growth factors
- The global crowdfunding market was worth USD 13.35 Billion in 2022 and is poised to amplify at a CAGR of 11.7%, thereby amassing a valuation of USD 25.93 Billion by 2030.
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