What is the global market size of Crowdfunding Market?

Global Crowdfunding Market size was valued at USD 1.43 billion in 2021 and is poised to grow from USD 1.67 billion in 2022 to USD 6.7 billion by 2030, growing at a CAGR of 16.7% in the forecast period (2023-2030).

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

Report ID: SQSG40D2002 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 120 | Figures: 77

Crowdfunding Market News

In May 2022, president of Ukraine volodymyr zelensky launched a global crowdfunding platform to raise funds that would directly be transferred to the national bank of the country and will help Kyiv for rebuilding its infrastructure.
In May 2022, an equity crowdfunding service provider named Crowdcube started operation in France. It plans to help France's technology startup to raise a Series A fund through their equity from this crowdfunding platform and seems to be a great initiative.
In April 2022, Indiegogo Inc. a crowdfunding company helped various entrepreneurial ideas and one of such ideas that has been encouraged and funded by the organization on earth day was clothing from ocean plastics to reduce plastic wastage in the ocean which is harming the environment.

Crowdfunding Market Report Snapshots

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Global Crowdfunding Market size was valued at USD 1.43 billion in 2022 and is poised to grow from USD 1.67 billion in 2023 to USD 6.7 billion by 2031, growing at a CAGR of 16.7% in the forecast period (2024-2031).

The Crowdfunding market is relatively fragmented, with a high level of competition. Few large players, like Kickstarter, Patreon, and Indiegogo Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Indiegogo Inc.', 'GoFundMe Inc', 'Crowdcube Limited', 'Kickstarter', 'Crowdfunder', 'Patreon', 'Fundable', 'RocketHub', 'Seedrs', 'CircleUp', 'Kiva', 'FundRazr', 'Ulule', 'FundedByMe', 'Tilt', 'Chuffed', 'Experiment', 'AngelList', 'Fundly', 'Razoo'

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.

The raising demand for seed capital through online platforms and offering investors the perk for their contribution to the development of a company is reward-based crowdfunding. Here the capital is raised from a bank by the company on the basis of its project and the bank receives a reward. This type of funding is raised by early-stage companies or for a specific project that needs to be executed which will generate higher revenue in the future. This all enables the crowdfunding market to grow at a faster rate.

In 2021, the global crowdfunding market was dominated by Europe which accounts for 44% of the total market revenue globally. This market size and revenue growth are expected to boom at the same pace because of the growing participation of countries in the region to accept and adapt the process of crowdfunding. The European Union has decided to expand the use of the crowdfunding system beyond the EU countries to various other regions present in Europe. North America and the Asia Pacific are expected to grow at the highest CAGR in the coming time period and this will be driven by penetration of the internet and the growing use of social media for supporting a cause by doing crowdfunding. These initiatives taken up by crowdsourcing organizations and various multimedia platforms will enable growth in the sector in the coming years.

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