Farmington, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The Global Crowdfunding Market Size Was Valued At USD 1.25 Billion In 2022. The Market Is Projected To Grow From USD 1.41 Billion In 2023 To USD 3.62 Billion By 2030, Exhibiting A CAGR Of 14.5% During The Forecast Period. Crowdfunding software from GoFundMe, Kickstarter, Indiegogo, Inc., Double the Donation, Fundable, and more companies in this range. Crowdfunding is a way to get money for a project or cause by asking a lot of people and businesses to donate small amounts of money over a short period of time. It is done online through social networks, so groups can easily talk about their project or cause on social platforms. Also, private companies usually ask a large number of people for small donations.
In the last five years, companies and people have raised billions of dollars in capital, loans, and donations for projects by using social profiles, social networks, and the fact that information spreads quickly on the web.
Since 2009, over US$815 million has been given by 4.9 million backers to nearly 50,000 projects around the world through Kickstarter.
Request Sample Copy of Report “Crowdfunding Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2023 to 2030”, published by Contrive Datum Insights.
Recent Developments:
- October 2022: Capital markets firm StartEngine acquires SeedInvest. The acquisition allowed StartEngine to offer more startups the opportunity to raise capital online from retail investors.
- May 2022: Alira Health acquires RedCrow, an alternative investment crowdfunding platform that provides easy access to healthcare startups for a wide range of investors. RedCrow's integration allows the general public to invest in the development of private healthcare companies.
Segment Overview
Type Insights
The market can be broken up into types based on equity, debt, blockchain, and other things. Most of the money that will be raised through crowdfunding is likely to come from the debt-based sector. It's a good way to make money for your new business. Debt-based loans have more benefits than bank loans, but traditional bank loans have the same benefits. When investors use debt-based financing, they also get better interest rates on plans that are paid back in monthly installments. These are likely to drive growth in the future.
The blockchain-based segment is likely to grow quickly over the next few years.
End-user Insights
Based on who will use it, the market is split into startups, NGOs, and individuals. Most of the market is owned by startups, which use it to test their ideas and products before they have a final MVP (Minimum Viable Product). Startups are a way to make money, make new products, and get feedback from investors and potential users all at the same time. This is a great way for a new business to make money and find people who are willing to help them. Before starting a business, it's a great way to see how the market responds to an idea.
Regional Outlook:
During the forecast period, North America is expected to hold the largest share in the global market. The market in this region is growing as more and more new businesses are starting up. GoFundMe, Indiegogo Inc. and RealCrowd, there is a lot of potential for this kind of activity in North America. North America also has many new businesses that are just starting out.
During the forecast period, Asia Pacific is expected to grow rapidly. Much of the region's growth can be attributed to more new business starts, more innovative projects, and more people accessing the internet, making these platforms easier to use. Additionally, more digitization and better economic conditions provide more opportunities for online platforms to earn money, helping the Asia Pacific market to grow.
Growth rates in Europe should remain stable as more rules are being made for crowdfunding models. More and more tech companies and new technology developments in Europe have opened up new ways to make money in real estate, banking and other fields.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 14.5% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 3.62 Billion |
| By Type | Equity-based, Debt-based, Blockchain-based, Others |
| By End-User | Startups, NGOs, Individuals, Others |
| By Companies | SeedInvest Technology, LLC (U.S.), Double the Donation (U.S), Kickstarter (U.S.), LegalVision Pty Ltd. (Australia), GoFundMe (U.S.), Indiegogo, Inc. (U.S.), Fundable (U.S.), RealCrowd (U.S.), Crowdcube (U.K.), Patreon (U.S.) |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Latest Trends:
Companies are using campaigns with rewards to help the market grow.
People can use rewards-based crowdfunding to raise seed and pre-seed money online and give "perks" or gifts to investors in exchange for their money. A "pre-sale" is when a project, person, or business gets money from investors in exchange for something other than money. This lets businesses join and grow networks that are already in place, as well as advertise for future use. This kind of financing is usually good for early-stage projects or companies. For example, Australian company Okra Solar is testing a “plug-and-play smart controller” that will make it easy for neighbours to share electricity. The company launched a rewards-based crowdfunding campaign to complete small pilot projects that would demonstrate that the technology works. The campaign also raised more than $45,000 in seed money for the company to use to build prototypes. Because of this, crowdsourcing campaigns like this one will help the crowdfunding market grow in the coming years.
Driving Factors:
The market has grown with the help of social media platforms.
The number of crowdfunding projects happening on social media sites makes people more interested in upcoming projects. Social media and technology improvements have given this field a much-needed boost. People are asking investors for money on social media sites like Twitter, Facebook, LinkedIn, Reddit, and Instagram more and more. Peer-to-peer (P2P) crowdfunding business models are also becoming more popular as more and more people go online and use smartphones. The market should do well over the next few years because of these things. For instance, startups.com says that 3% of shares on Twitter, 12% of shares on Facebook, and 53% of shares on email go to charity.
Restraining Factors:
Security concerns will slow the market's growth.
The growth of the market has been slowed by the risk of scam projects and bad financing. The growth of the market is slowed down by the fact that there are no laws to protect transactions on these platforms. Securities bought through equity platforms are very risky and have few or no ways out, just like traditional venture capital investors don't have many choices. Because of this, it will take a business a few years to reach its full potential, and investors may have to wait even longer to get their money back. Also, scams are happening more and more in many countries around the world, and the many risks that come with these investments could slow the growth of the market.
Key Segments Covered:
Top Market Players:
SeedInvest Technology, LLC (U.S.), Double the Donation (U.S), Kickstarter (U.S.), LegalVision Pty Ltd. (Australia), GoFundMe (U.S.), Indiegogo, Inc. (U.S.), Fundable (U.S.), RealCrowd (U.S.), Crowdcube (U.K.), Patreon (U.S.), and others.
By Type
- Equity-based
- Debt-based
- Blockchain-based
- Others
By End-User
- Startups
- NGOs
- Individuals
- Other
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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