Art Crowdfunding Market: Major Trends Reshaping the Future of the Industry

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Art Crowdfunding Industry Market Size Be by 2025?
The size of the art crowdfunding market has seen a quick expansion in the last few years. This growth is projected to continue, ascending from $1.9 billion in 2024 to $2.14 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.3%. The contributors to this growth during the historic period can be traced back to factors such as the rise of online crowdfunding platforms, wider internet access and utilization of digital platforms, the growth of social media and online networking, the growth in independent artists and creators, along with the increasing aspiration for democratization of art funding.

What's the Long-Term Growth Forecast for the Art Crowdfunding Market Size Through 2029?
The art crowdfunding market, projected to expand swiftly in the coming years, is set to reach $3.48 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.0%. This predicted growth in the forecast period can be accredited to factors such as the cultural gravitation towards art appreciation, initiatives aimed at raising awareness about the arts, secure online payment systems' evolution, the impact of art carnivals and exhibits, and the acceptance of cryptocurrency for art crowdfunding transactions. Key trends in this period could involve the incorporation of blockchain technology for art authentication and verification of origin, amplified use of virtual reality (VR) and augmented reality (AR), partnerships between artists and crowdfunding platforms, progress in payment technology and digital wallets, and inclusion of artificial intelligence for tailor-made crowdfunding campaigns.

View the full report here:
https://www.thebusinessresearchcompany.com/report/art-crowdfunding-global-market-report

What Are the Key Growth Drivers Fueling the Art Crowdfunding Market Expansion?
The growth of the art crowdfunding market is expected to be boosted by the surging expansion of online art marketplaces. Operating as digital hubs, these online platforms offer artists an avenue to directly sell their artwork to consumers. They effectively bring together artists and art enthusiasts globally, offering a seamless environment for art exchanges. The evolution of online art marketplaces provides a virtual stage for artists to share their concepts, interact with a global art audience, and secure funding from different sponsors, thereby expanding the alternatives for artistic project financing. For instance, an online art commerce report by Hiscox Ltd., a UK-based insurance specialist company, in April 2023 indicated that online art sales hit $10.8 billion in 2022, a 6% rise from $10.2 billion in 2021. Furthermore, online art transactions in 2022 constituted 15.9% of the total art sales. As such, the proliferation of online art marketplaces is contributing significantly to the growth of the art crowdfunding industry.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12507&type=smp

What Are the Key Trends Driving Art Crowdfunding Market Growth?
The growing trend of product innovation has gained significant traction in the crowdfunding industry. The key players in the market intensify their endeavors to fabricate innovative products to fortify their market stance. For instance, in January 2023, SideKick Finance, a UK-based online platform that provides crowdfunding and marketing solutions, introduced JumpStart, a decentralized NFT (Non-Fungible Token) crowdfunding platform. The platform encourages investors and creators to execute their valuable ideas. JumpStart, which is entirely decentralized and accessible for self-service, allows anyone to promptly initiate a campaign utilizing the power and versatility of NFTs. Catering to a variety of use cases, including gaming, art, music, charities and more, JumpStart provides a resilient, extensible, and highly synergistic platform for crowdfunding.

How Is the Art Crowdfunding Market Segmented?
The art crowdfunding market covered in this report is segmented -

1) By Type: 5% Fee, 4% Fee, 3% Fee, Other Types
2) By Art Type: Visual Art, Performing Art, Literary Art, Other Art Types
3) By Platform: Reward-Based Crowdfunding, Donation-Based Crowdfunding, Equity Crowdfunding
4) By Application: Films, Music, Stage Shows, Comics, Journalism, Publishing, Museums, Galleries, Other Applications

Subsegments:
1) By 5% Fee: Platforms With A Flat 5% Fee structure For Successful Campaigns, Additional Services Offered At This Fee Level
2) By 4% Fee: Platforms Charging A 4% Fee For Funded Projects, Potential Incentives Or Features Available At This Fee Level
3) By 3% Fee: Crowdfunding platforms With A 3% Fee structure For Successful Campaigns, Special Benefits Or Services Associated With This Fee Level
4) By Other Types: Platforms With Variable Fee Structures, Platforms With No Fees Or Donation-Based Models, Specialized Platforms Catering To Specific Art Forms With Inique Fee Arrangements

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12507&type=smp

Which Companies Are Leading the Charge in Art Crowdfunding Market Innovation?
Major companies operating in the art crowdfunding market include Rockethub, Patreon Inc., Ulule, Indiegogo Inc., Pozible, GoFundMe LLC., Kickstarter PBC, Fundable LLC., Makuake Inc., Fundition Inc., Ketto, Razoo Inc., Wefunder, ArtLifting, Fundrazr, Crowdfunder Ltd., ArtistShare Inc., Seed&Spark Inc., Artboost, Wishberry Online Services Pvt. Ltd., CrowdBazaar Ltd., Makestar Inc., 22x Fund, Fanbook, FundDreamer, iFundWomen, Hatchfund, KissKissBankBank and Co., Fundly

Which Regions Are Leading the Global Art Crowdfunding Market in Revenue?
North America was the largest region in the art crowdfunding market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the art crowdfunding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12507

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.