Dublin, July 27, 2023 (GLOBE NEWSWIRE) -- The "Crowdfunding Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
Crowdfunding Market Report 2023: Unleashing Global Growth Opportunities
Crowdfunding, a powerful fundraising mechanism, has transformed the way individuals and organizations gather financial support for specific causes or projects. Through social networks and online platforms, this innovative approach enables a large number of interested people to contribute small amounts during a short period, such as a few months. The crowdfunding market has seen remarkable growth and diversification, with various types like equity-based crowdfunding, debt-based crowdfunding, and others. As technology advances, crowdfunding is expected to reach new heights, offering exciting prospects for businesses and investors alike.
Introduction: Crowdfunding has disrupted traditional fundraising methods, empowering individuals, startups, and organizations to reach a global audience through online channels. By leveraging the power of social networks, crowdfunding campaigns can quickly gain traction and attract support from a vast network of backers. This report explores the diverse crowdfunding landscape, covering different types of crowdfunding, major industry players, market trends, and regional growth prospects.
Understanding Crowdfunding: Crowdfunding comprises three main types: equity-based crowdfunding, debt-based crowdfunding, and other variations. Equity-based crowdfunding, often known as investment crowdfunding, enables startups and early-stage companies to raise capital by offering equity to investors. On the other hand, debt-based crowdfunding allows borrowers to obtain funds through loans provided by individual lenders. The third category encompasses diverse crowdfunding approaches, such as reward-based crowdfunding and donation-based crowdfunding, where backers receive non-financial benefits or contribute without expecting financial returns.
Market Size and Growth: The global crowdfunding market has experienced significant growth, with projections set to climb further. From $13.4 billion in 2022, the market is expected to reach $15.54 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 16%. Although the Russia-Ukraine war temporarily impacted global economic recovery from the COVID-19 pandemic, crowdfunding remains resilient. Economic sanctions, inflation, and supply chain disruptions have driven inflation across various sectors. However, the crowdfunding market is projected to surge to $27.81 billion by 2027 at a CAGR of 15.7%.
Types of Crowdfunding Platforms: Crowdfunding platforms come in two main types: open service platforms and managed service platforms. Open service platforms allow individual fundraisers to create campaigns, while managed service platforms provide a higher level of support, including marketing, compliance, and back-office services. These platforms facilitate crowdfunding across various applications, such as food and beverage, technology, media, real estate, healthcare, and others.
Key Players and Innovations: Innovation is a driving force in the crowdfunding market, with major players focusing on technological advancements to strengthen their position. For instance, Crowdcube, a UK-based investment crowdfunding platform, introduced new equity crowdfunding solutions in France, raising €2.17 million in just 21 minutes. In another notable development, Republic, a US-based private investment firm, acquired Seedrs for $100 million, expanding its geographic reach and gaining valuable expertise in the market.
Regional Growth Trends: In 2022, North America emerged as the largest region in the crowdfunding market. However, Asia-Pacific is expected to witness the fastest growth in the forecast period. The report covers market data for regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, including insights on specific countries like Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The Impact of Social Media: The increasing use of social media platforms is a key driver for crowdfunding growth. Social media's wide reach allows crowdfunding campaigns to promote and publicize initiatives efficiently, attracting a large number of potential backers. Globally, around 4.2 billion people regularly use social media, representing 53.6% of the world's population. As social media continues to evolve, the demand for crowdfunding is expected to grow, with online platforms serving as powerful tools to drive support and funding for various projects.
Conclusion: The crowdfunding market is witnessing remarkable growth, with an array of innovative solutions and expanding applications. The ability to leverage social networks and online channels has made crowdfunding an accessible and efficient way to gather funds from a diverse and global community. This comprehensive market report provides valuable insights and data to empower investors, startups, and businesses to thrive in the dynamic world of crowdfunding.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023-2027 |
| Estimated Market Value (USD) in 2023 | $15.54 billion |
| Forecasted Market Value (USD) by 2027 | $27.81 billion |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | Global |
Key Topics Covered
1. Executive Summary
2. Crowdfunding Market Characteristics
3. Crowdfunding Market Trends and Strategies
4. Crowdfunding Market - Macro Economic Scenario
5. Crowdfunding Market Size and Growth
6. Crowdfunding Market Segmentation
7. Crowdfunding Market Regional and Country Analysis
8. Asia-Pacific Crowdfunding Market
9. China Crowdfunding Market
10. India Crowdfunding Market
11. Japan Crowdfunding Market
12. Australia Crowdfunding Market
13. Indonesia Crowdfunding Market
14. South Korea Crowdfunding Market
15. Western Europe Crowdfunding Market
16. UK Crowdfunding Market
17. Germany Crowdfunding Market
18. France Crowdfunding Market
19. Eastern Europe Crowdfunding Market
20. Russia Crowdfunding Market
21. North America Crowdfunding Market
22. USA Crowdfunding Market
23. South America Crowdfunding Market
24. Brazil Crowdfunding Market
25. Middle East Crowdfunding Market
26. Africa Crowdfunding Market
27. Crowdfunding Market Competitive Landscape and Company Profiles
28. Key Mergers and Acquisitions in the Crowdfunding Market
29. Crowdfunding Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes:
- Kickstarter PBC
- Indiegogo Inc.
- GoFundMe Inc.
- Fundable LLC
- Crowdcube Limited
- GoGetFunding
- SeedInvest Technology, LLC
- Crowdfunder Inc.
- Alibaba Group Holding Limited
- Wefunder Inc.
- Fundly
- Jingdong Inc.
- Suning.com Co. Ltd.
- Owners Circle
- Realcrowd Inc.
- Patreon
- Nav technologies Inc.
- Thunder Funding
- Pozible Pty. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/67gzpr
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