According to the latest report by IMARC Group, titled “Crowdfunding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global crowdfunding market reached a value of US$ 13.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.93 Billion by 2027, exhibiting at a CAGR of 11.7% during 2022-2027.
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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Market Trends
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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List of Key Companies Covered in this Market Report:
- CircleUp Network Inc.
- Crowdfunder Limited
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.,
- Indiegogo Inc.
- Patreon Inc.
The report has segmented the market on the basis of type, end use and geography.
Breakup by Type:
- P2P Lending
- Equity Investment
- Hybrid
- Reward-based
- Others
Breakup by End Use:
- Entrepreneurship
- Social Cause
- Movies and Theater
- Real Estate
- Music
- Technology
- Publishing
- Others
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
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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