Crowdfunding Market Size, Share, Growth Analysis, By Product Type(Reward-based Crowdfunding, Equity Crowdfunding, Donation, Others.), By Sales Model(Reward, P2P Lending, Equity Investment, Hybrid), By End-user(Cultural Sector, Technology, Product, Healthcare), By Deployment(On Premise, Cloud), By Region - Industry Forecast 2024-2031

Crowdfunding Market Driver

• With the increasing use of crowdfunding platforms in supporting and helping with donations to people who have lost a lot in the pandemic in driving the awareness and utility of these platforms. Capital donations for charities that support and empower people are some of the social causes that are fulfilled by these crowdsourcing platforms which in turn is driving the demand in the market globally.
• Growing startup companies around the world is also a reason for the growth of the crowdfunding market as these markets allow start-up companies to raise capital from in the pre-profit stage of their venture and North America has witnessed a share of around 17.5% of people engaged in the startup of its whole population. This shows the large number in the field and is expected to grow in the future too which will result in the growth of the crowdfunding market.

Crowdfunding Market Restraint

• The Crowdfunding industry is expanding at a faster rate but one of the restraints that it might face in the coming time will be the management and use of the funds for the purpose it is donated for. If some of the donations are used for the personal benefit which otherwise would be used for a better cause then the trust in this crowdfunding will get a dent and this will further slow the growth of this market for the upcoming period.