Pune, India, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The global crowdfunding market size was valued at USD 1.25 Billion in 2022 and USD 1.41 billion in 2023. The market is expected to reach USD 3.62 Billion by 2030 with a CAGR of 14.5% during the forecast period. Launch of reward-based campaigns for crowdfunding by large businesses is expected to propel market growth. Increasing usage of social media platforms such as Twitter, Facebook, LinkedIn, Reddit, and Instagram is anticipated to fuel market development. Fortune Business Insights™ shares this information in its report titled “Crowdfunding Market Forecast, 2023-2030.”
Key Industry Development
October 2022: StartEngine acquired SeedInvest. The acquisition allowed StartEngine to offer more start-up founders access to raise capital online from retail investors. StartEngine is a capital market firm.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 14.5% |
| 2030 Value Projection | USD 3.62 Billion |
| Base Year | 2022 |
| Crowdfunding Market Size in 2022 | USD 1.25 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 150 |
| Segments covered | Type, End-user and Geography |
| Crowdfunding Market Growth Drivers | Increasing Usage of Social Media Platforms to Propel Market Growth |
Key Takeaways
- Reward-based Campaigns by Various Businesses to Boost the Market Growth 2023-2029
- Increasing crowdfunding activities on social media platforms plays a vital role to fuel the demand for crowdfunding projects.
- Type Analysis: Increasing Popularity of Equity-based Funding Among Startups to Boost Demand for the Service
- Crowdfunding Market Size in North America was USD 0.52 Billion in 2022
- Crowdfunding solutions is growing as they are scalable, adaptable, and effective methods to raise money.
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Drivers and Restraints
- Increasing Usage of Social Media Platforms to Propel Market Growth
- Increasing usage of social media platforms for generation of funds is projected to drive the crowdfunding market growth.
- Social media and technological improvements have offered acceleration required for this industry. Social media platforms such as Twitter, Facebook, LinkedIn, Reddit, and Instagram are gaining more popularity for activities to raise funds by gathering donations from investors.
- Rising penetration of the internet, smartphone usage, and trend of P2P (peer-to-peer) crowdfunding business model are expected to propel market growth.
- However, rising security concerns associated with the service impede the market expansion.
Segments:
Debt-based to be Prime Part as it is One of the Effective Ways to Raise Funds
According to type, the market is divided into equity-based, debt-based, blockchain-based, and others. Debt-based to hold the largest part in the segment as one of the most effective ways to raise startup funds compared to bank loans. They also offer better interest rates to investors. Blockchain-based funding is expected to witness rapid growth as it offers transparency in several industries and better security, including healthcare, cybersecurity, finance, and the Internet of Things.
Startups to Lead the Segment as it Offers Various Advantages
According to end-user, the market is divided into startups, NGOs and individuals. Startups are set to have a majority part due to help in new product development, financial support, and feedback from investors and potential users on a single platform. Several NGOs are also raising funds using such campaigns as it offers easy access to large groups of people.
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Regional Insights
North America to Dictate Market Share Owing to Increasing Number of Startups
North America is expected to hold majority part in the crowdfunding market share owing to increasing number of startup companies across the region. Presence of many key players such as GoFundMe, Indigegogo Inc., and RealCrowd offers high potential for these activities in the region.
Asia Pacific is projected to show important progression due to rise in number of startups, innovative projects, and internet penetration. Increasing digitization and favorable economic conditions to create more lucrative opportunities for online platforms.
Europe is anticipated to show steady growth due to rising number of guidelines for the crowdfunding model.
Competitive Landscape
Acquisition Strategies by the Key Players to Propel Market Progress
Key players in the market have focusing on increasing their geographical presence by collaborating and acquisition strategies. In November 2021, Republic, a New York-based investing platform, acquired Arora Project, an equity crowdfunding media agency that helps startups in creating and launching new campaigns. The acquisition enables accredited investors to contribute to private funding rounds. The market players have been concentrating on various strategies to focus on attracting a large customer base.
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List of Key Players Profiled in the Report
- 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.)
Major Table of Contents:
- Global Crowdfunding Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Equity-based
- Debt-based
- Blockchain-based
- Others
- By End User (USD)
- Startups
- NGOs
- Individuals
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Crowdfunding Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Equity-based
- Debt-based
- Blockchain-based
- Others
- By End User (USD)
- Startups
- NGOs
- Individuals
- By Country (USD)
- United States
- Canada
- Mexico
- South America Crowdfunding Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Equity-based
- Debt-based
- Blockchain-based
- Others
- By End User (USD)
- Startups
- NGOs
- Individuals
- By Country (USD)
- Brazil
- Argentina
- Rest of South America
TOC Continued…
Related Reports:
Crowdsourced Security Solutions Market Size, Share, Industry Forecast 2023-2029
FAQ’s
How big is the crowdfunding market?
Crowdfunding Market size was USD 3.62 billion by 2030.
How fast is the crowdfunding market growing?
The crowdfunding market will exhibit a CAGR of 14.5% during the forecast period, 2023-2030
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