Crowdfunding Market 2022 Size, Share, Growth, Analysis, Trends and Forecast 2027
Crowdfunding represents the process of raising funds for a specific cause or project by asking a large number of individuals to donate money in small amounts. It is performed online with social networks, which makes crowdfunding easier for supporters to share a cause or project. Crowdfunding can raise funds for a charitable cause, creative projects, business startups, school tuition, personal expenses, etc. It is a scalable, flexible, efficient fund-raising solution, etc. Consequently, crowdfunding is gaining extensive traction across the globe.
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The growing prevalence of chronic diseases is among the key factors stimulating the crowdfunding market. Moreover, the launch of favorable initiatives by government bodies and non-governmental organizations (NGOs) to minimize healthcare expenses is acting as another significant growth-inducing factor. Besides this, they are also investing and spreading awareness among consumers towards crowdfunding for financial support, which is positively influencing the global market. Furthermore, the increasing advertising campaigns, as well as celebrity and social media influencer endorsements, are encouraging users to support the population for a better future, thereby propelling the market growth. Apart from this, the inflating urbanization levels, the rising sales of smartphones, and the easy availability of high-speed internet are further bolstering the global market. Additionally, numerous sports events that are organized to raise funds in a shorter time frame are catalyzing the market growth. In line with this, the emerging trend of developing business startups and the introduction of mobile applications and websites for raising funds quickly are anticipated to fuel the crowdfunding market over the forecasted period.
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The report has segmented the market on the basis of type, end use and geography.
Breakup by Type:
Breakup by End Use:
Movies and Theater
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
The report has also analysed the competitive landscape of the market with some of the key players being CircleUp Network Inc., Crowdfunder Inc., Fundable LLC, Fundrise LLC, GoFundMe Inc., Indiegogo Inc. and Patreon Inc.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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