The global crowdfunding market was calculated to be at $17.2 billion in 2020 and is determined to reach $34.6 billion by 2026, garnering a compound annual growth rate of 17% between 2021 and 2026.
Crowdfunding is the use of the amount of money that a large group of people uses the Internet to finance a business. Social media and crowdfunding sites have become typical these days to bring in investors and entrepreneurs at one place to expand the investor pool beyond the traditional circle. The study of global crowdfunding took into account the types of crowdfunding proposed for the different vertical sectors of end users, on a global scale.
Crowdfunding campaigns as crowdsourcing channels to stimulate market growth. In the earlier product launch processes and other marketing traits, there was a minimal interaction with customers. However, this scenario has been completely altered by crowdfunding campaigns, as they enable entrepreneurs to meet their customers or the ability assess the product success before launch.
In the crowdfunding area, over the years, the use of social networks has increased considerably for promotion. Social media platforms function as free cost promotion resources and reach the public worldwide. This has allowed companies to pre-sell and market products with greater convenience. Therefore, active crowdfunding campaigns on social media should further stimulate the growth of the crowdfunding market in the next five years.
UK-based startup BuffaloGrid, which developed a mobile phone charging hub for entrepreneurs in 2011, said it had raised around $ 683,000 through crowdfunding crowdcube. The engagement campaign helped the company bring the next iteration to its workplace and begin mass production. BaffaloGrid then partnered with Microsoft's Affordable Access Initiative and launched live tests in India. Until January 2020, the company closed a funding cycle of more than $ 4.3 million led by an early-stage venture capital company and a grant from the European Union's Horizon 2020 program.
In the midst of the recent COVID-19 epidemic, healthcare professionals work around the world. For these activities, countries actively use crowdfunding platforms to raise funds for themselves against the spread and impact of the pandemic. For example, in April 2020, the Malaysian Digital Economy Corporation (MDEC) announced a partnership with the crowdfunding platform for crowdfunding donations to support the front lines with the MKN20 protocol to distribute items to hospitals across the country.
Growth and Market trends:
Reward-based crowdfunding is expected to grow significantly
Market Drivers and Restraints:
The use of social media as a source of free promotion is one of the key factors in the growth of the global crowdfunding market. It offers the possibility of measuring public interest, pre-selling a product and acting as a promotional tool. Therefore, an active crowdfunding campaign can go beyond simply raising the necessary funds. Social media campaigns are inexpensive, can access multiple channels quickly, and track referral traffic to websites. With social media, companies can promote an idea at no cost, which should spur growth in the crowdfunding market in the years to come.
Market Size Available
2020 – 2026
2022 - 2027
By Product, End User, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Kickstarter, AngelList, Indiegogo, Fundable, Crowdcube, GoFundMe, Crowdfunder, GoGetFunding, CircleUp, Patreon, Campfire, Crowdo, Milaap, RocketHub, FundRazr, Crowdfunder UK, Modian, Companisto, DonorsChoose, CrowdHousababa Suning and Others.
Crowdfunding Market segmentation:
This global report is segmented and sub-segmented into the following categories:
European crowdfunding market is expected to increase rapidly due to an increasing number of organizing regulations across various European countries for the crowdfunding model. European Union countries are also planning to lay down rules to allow crowdfunding platforms in the region to operate in other EU regions, according to reports.
In addition, Turkey is one of the European countries experiencing significant growth in the crowdfunding market with the presence of stable employment opportunities. According to the Global Entrepreneurship Monitor 2019 report, it is one of the key factors of the country's economic growth, improving the conditions for entrepreneurship by 10%, generating more than 331 billion USD for the economy.
Key market players:
Major Global Companies: Kickstarter, AngelList, Indiegogo, Fundable, Crowdcube, GoFundMe, Crowdfunder, GoGetFunding, CircleUp, Patreon, Campfire, Crowdo, Milaap, RocketHub, FundRazr, Crowdfunder UK, Modian, Companisto, DonorsChoose, CrowdHousababa Suning and others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Crowdfunding Market, By Product
6.1.1 Awards-Based Crowdfunding
6.1.2 Crowdfunding Auctions
6.1.3 Market Size Estimations & Forecasts (2022 - 2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Crowdfunding Market, By End-User
6.2.1 Cultural Industries
6.2.5 Market Size Estimations & Forecasts (2022 - 2027)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2022 - 2027)
7.2.1 By Country
7.2.2 By Product
7.2.3 By End-User
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Product
7.3.3 By End-User
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By End-User
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Product
7.5.3 By End-User
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Product
7.6.3 By End-User
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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