IMARC Group’s report titled “Crowdfunding Market Report by Type (P2P Lending, Equity Investment, Hybrid, Reward-based, and Others), End Use (Entrepreneurship, Social Cause, Movies and Theater, Real Estate, Music, Technology, Publishing, and Others), and Region 2024-2032“. The global crowdfunding market size reached US$ 16.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.26% during 2024-2032.
Factors Affecting the Growth of the Crowdfunding Industry:
- Growing Social Media and Networking:
The emergence of social media has significantly impacted crowdfunding. Social platforms like Facebook, Twitter, and Instagram offer the ability to connect with large audiences well beyond their immediate circles. Furthermore, social media presents a cost-efficient way to promote crowdfunding efforts and serves as a valuable tool for creating community and engaging directly with supporters. Additionally, creators can utilize these platforms to share updates, address inquiries, and maintain momentum throughout the campaign’s duration. The interactive features of social media also empower backers to actively participate in the progress of the projects they endorse, fostering a sense of involvement and commitment that is essential for the success of a campaign. This collaboration between crowdfunding and social media has greatly expanded the reach and engagement potential.
- Technology Advancements:
The crowdfunding landscape has undergone a significant transformation thanks to cutting-edge technologies, resulting in more approachable, reliable, and intuitive platforms. The integration of blockchain and AI has bolstered transaction security, fostering a sense of trust among users. Moreover, revamped interfaces and simplified processes have made it easier for campaign creators to launch and manage projects, while also facilitating contributions from backers. Furthermore, the widespread adoption of mobile technology has enabled users to engage with campaigns at their convenience, thereby amplifying funding opportunities. These technological breakthroughs have greatly broadened the reach of crowdfunding, substantially enhancing the efficiency and success of these platforms, and attracting a more diverse range of project creators and backers who may have been hesitant to participate in traditional funding methods.
- Diversification of Various Platforms:
Crowdfunding platforms have undergone significant changes, expanding to serve a variety of project categories and fundraising requirements. They now encompass equity crowdfunding, where investors gain ownership in the business, and reward-based crowdfunding, which gives supporters concrete rewards in exchange for their assistance. Additionally, there are donation-based platforms focusing on charitable causes and peer-to-peer lending, which enables direct loans between individuals without involving traditional financial institutions. This diversification widens the reach of crowdfunding and attracts a diverse group of participants, such as equity investors, innovation supporters, and individuals interested in making a social impact. Moreover, platforms can address specific preferences and needs by offering different crowdfunding models, thereby growing the overall market and boosting the appeal and sustainability of crowdfunding as a fundraising option.
Leading Companies Operating in the Global Crowdfunding Industry:
- CircleUp Network Inc.
- Crowdfunder Limited
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo Inc.
- Patreon Inc.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/crowdfunding-market/requestsample
Crowdfunding Market Report Segmentation:
By Type:
- P2P Lending
- Equity Investment
- Hybrid
- Reward-based
- Others
Based on the type, the market has been classified into P2P lending, equity investment, hybrid, reward-based, and others.
By End Use:
- Entrepreneurship
- Social Cause
- Movies and Theater
- Real Estate
- Music
- Technology
- Publishing
- Others
On the basis of the end-use, the market has been segmented into entrepreneurship, social cause, movies and theater, real estate, music, technology, publishing, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Crowdfunding Market Trends:
Currently, crowdfunding is a widespread trend worldwide, with new platforms up in different nations to support local business owners and funders. The rise of crowdfunding is largely due to technological advancements and greater access to the internet across the globe. Governments have adapted their regulations to oversee the expanding crowdfunding sector and safeguard the interests of investors. Various countries have introduced or revised rules tailored to crowdfunding, offering guidance to both platforms and participants. Additionally, specialized crowdfunding platforms concentrating on particular fields or project types are becoming more popular. These platforms provide customized assistance and knowledge to creators and funders in areas like art, music, technology, and healthcare.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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