NEW YORK, United States, April 12, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Global Crowdfunding Market By Type (Donation, Equity Crowdfunding, Reward-Based Crowdfunding, and Others), By Sales Model (Reward, P2P Lending, Equity Investment, Hybrid, and Others), By Application (Healthcare, Technology, Product, Cultural Industries, and Others), By Deployment Type (On-Premise and Cloud), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” in its research database.
How Big is The Crowdfunding Market?
“According to the latest research study, the demand for global Crowdfunding Market size & share was worth about 13.5 (USD billion) in 2021 and is predicted to grow to around 28.2 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 11.8% during the projection period 2022 to 2028.”
What is Crowdfunding? How does it work?
Market Overview:
Crowdfunding exchanges a service or product for money contributed to a project or business. Crowdfunding is an appealing fundraising option because it requires no money to be returned. Crowdfunding has been a popular method of raising funds for numerous small enterprises and creative projects. It is used to raise funds for individual programs such as R & D, the creation of new prototypes, and the development of new products. It allows for direct market access and eliminates the need for venture capitalists or banks. When compared to traditional methods, it is considered a configurable, adaptable, and efficient fundraising solution.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 210+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 13.5 Billion |
| Projected Market Size in 2028 | USD 28.2 Billion |
| CAGR Growth Rate | 11.8% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Gust, Crowdfunder, RocketHub, FirstGiving, Teespring, DonorsChoose.org, CircleUp, GiveForward, Fundable, YouCaring, IFunding, GoFundMe, Patreon, CrowdRise, Kiva, Kickstarter, Causes, FundRazr, and Indiegogo., among others. |
| Key Segment | By Type, Sales Model, Application, Deployment Type, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Global Crowdfunding Market: Growth Factors
- The expansion of the market is aided by the use of social media platforms
One of the primary driving factors for the global crowdfunding market is the increase in small businesses and startups because it aids in the provision of funding to businesses that face financial challenges or have a limited budget. Despite the increased use of social networking sites, marketing agencies are looking forward to generating funds through online portals and software. This factor is expected to provide significant growth opportunities for crowdfunding market participants. Low investment liquidity, however, as well as regulatory constraints and associated risks in crowdfunding, are expected to halt market growth.
Crowdfunding Market Opportunities
- Crowdfunding is associated with a number of opportunities
Crowdfunding platforms are increasingly being used by businesses not only to obtain financing but also as a marketing platform. Fundraisers can use crowdfunding for market testing, particularly in terms of pricing. In some cases, funders are offered the opportunity to pre-purchase commodities from a new venture. Fundraisers could thus project the potential performance of a particular venture through market prices and the volume of pre-sales over a limited time period.
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Crowdfunding Market Breakdown
The global crowdfunding market is segregated on the basis of type, sales model, application, deployment type, and region. By type, the market is divided into donation, equity crowdfunding, reward-based crowdfunding, and others. The majority of the market share is accounted for by reward-based crowdfunding, and this trend is expected to continue during the forecast period. By sales model, the market is classified into reward, P2P lending, equity investment, hybrid, and others. During the projected period, the P2P lending prototype will make up a large portion of the global crowdfunding market share.
By application, the market is classified into healthcare, technology, product, cultural industries, and others. Cultural industries account for the majority of crowdfunding events and thus account for the majority of market share, which is projected to continue even during the forecast period, followed by technology. By deployment type, the market is divided into on-premise and cloud. The cloud segment makes up the majority of sales volume and is anticipated to grow throughout the forecast period.
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Competitive Landscape
Some of the main competitors dominating the global crowdfunding market include -
- Gust
- Crowdfunder
- RocketHub
- FirstGiving
- Teespring
- DonorsChoose.org
- CircleUp
- GiveForward
- Fundable
- YouCaring
- IFunding
- GoFundMe
- Patreon
- CrowdRise
- Kiva
- Kickstarter
- Causes
- FundRazr
- Indiegogo
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the crowdfunding market is estimated to grow at a CAGR of approximately 11.8%.
- The Crowdfunding market was worth around US$ 13.5 Bn in 2021 and is projected to reach US$ 28.2 Bn by 2028.
- By sales model, The P2P lending model will account for a significant amount of the crowdfunding market.
- By application, the cultural industries dominate the market share and are expected to do so during the forecast period, followed by technology.
- Crowdfunding allows marketers to price discriminate. Marketers may get high-value customers to pay more for a product by deliberately setting the crowdfunding campaign goal and pre-order price.
- On the basis of region, North America is expected to increase at the quickest rate, with a 4.8 percent growth between 2022 and 2028.
Key questions answered in this report:
- What is the market size and growth rate forecast for the Crowdfunding industry?
- What are the main driving factors propelling the Crowdfunding Market forward?
- What are the leading companies in the Crowdfunding Industry?
- What segments does the Crowdfunding Market cover?
- How can I receive a free copy of the Crowdfunding Market sample report and company profiles?
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COVID-19 Impact Analysis
The COVID-19 pandemic has had a positive impact on the market. During the COVID-19 pandemic, businessmen and small-scale businesses largely used crowdfunding to secure financing for their creative projects. According to the Journal of Medical Internet Research, the overall number of GoFundMe campaigns related to COVID-19 increased by 735 percent in March 2020. According to Enventys Partners, despite the COVID-19 pandemic, the number of Kickstarter projects increased by 8.8 percent from January to April 2020.
Regional Dominance:
North America is expected to grow at the fastest rate, with a 4.8% annual growth rate. In the United States, start-ups account for more than 17.5% of the total population, while in Canada, start-ups account for 18.4% of the total population. As a result, crowdfunding will have a huge opportunity in North America. The Asia Pacific is expected to be the largest and most advanced region. It is expected to account for the lion's share of global revenue by 2028.
Recent Developments
- May 2020: BuildHer, a crowdfunding platform for women of African descent based in the United Kingdom, has officially launched its service. BuildHer, which was founded in 2018, claims to provide disadvantaged young women in Kenya with accredited construction skills, resulting in changing male attitudes, increasing financial prosperity, and promoting gender equality in the construction industry.
- April 2020: Aescuvest International GmbH, a renowned crowdfunding platform operated by EIT Health in their Call4Ideas Campaign, seeks to aid start-ups and researchers in their efforts to flatten the COVID-19 curve, thereby accelerating their market entry.
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The global crowdfunding market is segmented as follows:
The global crowdfunding market is segmented as follows:
By Type
- Donation
- Equity Crowdfunding
- Reward-Based Crowdfunding
- Others
By Sales Model
- Reward
- P2P Lending
- Equity Investment
- Hybrid
- Others
By Application
- Healthcare
- Technology
- Product
- Cultural Industries
- Others
By Deployment Type
- On-Premise
- Cloud
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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