With 11.8% CAGR, Crowdfunding Market Size Worth USD 28.2 Billion by 2028 - Comprehensive Research Report by Facts & Factors

According to the Facts & Factors report, the global crowdfunding market 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%.

When using crowdfunding, a business or project may offer a service or product in exchange for monetary contributions to the endeavor. Because there is no requirement for any money to be repaid, crowdsourcing is an attractive option for fundraising. The use of crowdfunding as a way to raise money for creative endeavors and other types of small businesses has become increasingly common. It is utilized for the purpose of raising cash for specific programs such as research and development, the creation of new prototypes, and the development of new goods. Direct market access is made possible, and the use of venture capitalists and banks is rendered unnecessary as a result. When weighed against more conventional approaches, this fundraising option is regarded as one that is highly adjustable, flexible, and effective.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/crowdfunding-market

The rise in the number of small businesses and startups is one of the key causes fueling the growth of the worldwide crowdfunding market. This is because crowdsourcing makes it easier to provide money to companies even when those enterprises have restricted budgets or are struggling financially. Marketing firms are optimistic about the prospects of producing revenue through the use of online portals and software, despite the growing popularity of social networking websites. It is anticipated that the players in the crowdfunding business will benefit from a large potential for expansion due to this aspect. However, there is low investment liquidity, as well as regulatory limits and risks associated with crowdfunding, which are projected to halt the growth of the business.

The global market for crowdfunding may be segmented according to five factors: the type of crowdfunding, the sales model, the application, and the deployment type. Donation-based crowdfunding, equity-based crowdfunding, reward-based crowdfunding, and other types make up the various segments of the industry. Reward-based crowdfunding now accounts for the vast majority of the market share, and it is anticipated that this pattern will carry on during the projected period. The market can be broken down into several categories depending on the type of sales model used, including reward, peer-to-peer lending, equity investment, hybrid, and other models. During the time period that is being considered, the P2P lending prototype will account for a significant amount of the market share for worldwide crowdfunding.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/sample/crowdfunding-market

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.

Some of the main competitors dominating the global crowdfunding market are Gust, Crowdfunder, RocketHub, FirstGiving, Teespring, DonorsChoose.org, CircleUp, GiveForward, Fundable, YouCaring, IFunding, GoFundMe, Patreon, CrowdRise, Kiva, Kickstarter, Causes, FundRazr, and Indiegogo.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/crowdfunding-market

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.

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

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/crowdfunding-market

By Region

North America
The U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Reunion
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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