The global crowdfunding market size reached US$ 16.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 42.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.26% during 2023-2032. The growing technological innovations in crowdfunding platforms, rising demand for crowdfunding campaigns to offer better exposure to upcoming projects, and increasing number of startup projects represent some of the key factors driving the market.
Crowdfunding refers to a small amount of capital obtained from a large number of individuals to finance a new business venture. It relies on vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. It is used to increase entrepreneurship by expanding the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists. It allows investors to select from several projects and generate revenue from a percentage of the funds raised. Crowdfunding assists in pitching a project or business through the online platform for enhanced marketing and media attention. It also aids in testing the reaction of the public to new products or ideas and promotes various brands through their networks. It is more efficient as compared to applying for a loan or seeking out accredited investors while providing validation and social proof. As it is a fast way to raise finance with no upfront fees, the demand for crowdfunding is rising across the globe.
2. What is the expected growth rate of the global crowdfunding market during 2024-2032?
3. What are the key factors driving the global crowdfunding market?
4. What has been the impact of COVID-19 on the global crowdfunding market?
5. What are the key regions in the global crowdfunding market?
6. Who are the key players/companies in the global crowdfunding market?
Crowdfunding refers to a small amount of capital obtained from a large number of individuals to finance a new business venture. It relies on vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. It is used to increase entrepreneurship by expanding the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists. It allows investors to select from several projects and generate revenue from a percentage of the funds raised. Crowdfunding assists in pitching a project or business through the online platform for enhanced marketing and media attention. It also aids in testing the reaction of the public to new products or ideas and promotes various brands through their networks. It is more efficient as compared to applying for a loan or seeking out accredited investors while providing validation and social proof. As it is a fast way to raise finance with no upfront fees, the demand for crowdfunding is rising across the globe.
Crowdfunding Market Trends:
At present, the rising crowdfunding activities on social media platforms and increasing presence of upcoming projects represent one of the key factors supporting the growth of the market. In addition, the growing technological innovations in crowdfunding platforms, such as using artificial intelligence (AI) and machine learning (ML) technologies, are positively influencing the market. Besides this, there is a rise in the demand for crowdfunding campaigns to offer better exposure to upcoming projects around the world. This, along with the increasing number of startup projects, is offering lucrative growth opportunities to industry investors. Moreover, the rising awareness among the masses about the benefits of crowdfunding platforms is propelling the growth of the market. Apart from this, there is an increase in the utilization of crowdfunding platforms as they help people start online campaigns, predict the behavior of investors, create innovative content, detect fraud, show targeted ads, and verify the identities of campaigners. This, coupled with the growing employment of AI-driven chatbots in crowdfunding platforms to assist the campaigners in fundraising deals and launch campaigns, is offering a favorable market outlook. Additionally, the increasing demand for debt-based crowdfunding to allow startup companies to access funds at a lower cost without navigating through the complicated procedures of conventional banking is bolstering the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global crowdfunding market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type and end use.Type Insights:
- P2P Lending
- Equity Investment
- Hybrid
- Reward-based
- Others
End Use Insights:
- Entrepreneurship
- Social Cause
- Movies and Theater
- Real Estate
- Music
- Technology
- Publishing
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global crowdfunding market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include CircleUp Network Inc., Crowdfunder Limited, Fundable LLC, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Patreon Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global crowdfunding market in 2023?2. What is the expected growth rate of the global crowdfunding market during 2024-2032?
3. What are the key factors driving the global crowdfunding market?
4. What has been the impact of COVID-19 on the global crowdfunding market?
5. What are the key regions in the global crowdfunding market?
6. Who are the key players/companies in the global crowdfunding market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Crowdfunding Market
6 Market Breakup by Type
7 Market Breakup by End Use
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- CircleUp Network Inc.
- Crowdfunder Limited
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo Inc.
- Patreon Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 16.5 Billion |
| Forecasted Market Value ( USD | $ 42.9 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
