11-Apr-2022 | Facts and Factors
According to the Facts & Factors report, the global crowdfunding market was worth about 13.5 (USD billion) in 2021 and is predicted to grow to around 28.2 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 11.8%.
Crowdfunding exchanges a service or product for money contributed to a project or business. Crowdfunding is an appealing fundraising option because it requires no money to be returned. Crowdfunding has been a popular method of raising funds for numerous small enterprises and creative projects. It is used to raise funds for individual programs such as R & D, the creation of new prototypes, and the development of new products. It allows for direct market access and eliminates the need for venture capitalists or banks. When compared to traditional methods, it is considered a configurable, adaptable, and efficient fundraising solution.
Browse the full “Global Crowdfunding Market By Type (Donation, Equity Crowdfunding, Reward-Based Crowdfunding, and Others), By Sales Model (Reward, P2P Lending, Equity Investment, Hybrid, and Others), By Application (Healthcare, Technology, Product, Cultural Industries, and Others), By Deployment Type (On-Premise and Cloud), and By Region-Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/crowdfunding-market
One of the primary driving factors for the global crowdfunding market is the increase in small businesses and startups because it aids in the provision of funding to businesses that face financial challenges or have a limited budget. Despite the increased use of social networking sites, marketing agencies are looking forward to generating funds through online portals and software. This factor is expected to provide significant growth opportunities for crowdfunding market participants. Low investment liquidity, however, as well as regulatory constraints and associated risks in crowdfunding, are expected to halt market growth.
The global crowdfunding market is segregated on the basis of type, sales model, application, deployment type, and region. By type, the market is divided into donation, equity crowdfunding, reward-based crowdfunding, and others. The majority of the market share is accounted for by reward-based crowdfunding, and this trend is expected to continue during the forecast period. By sales model, the market is classified into reward, P2P lending, equity investment, hybrid, and others. During the projected period, the P2P lending prototype will make up a large portion of the global crowdfunding market share.
By application, the market is classified into healthcare, technology, product, cultural industries, and others. Cultural industries account for the majority of crowdfunding events and thus account for the majority of market share, which is projected to continue even during the forecast period, followed by technology. By deployment type, the market is divided into on-premise and cloud. The cloud segment makes up the majority of sales volume and is anticipated to grow throughout the forecast period.
North America is expected to grow at the fastest rate, with a 4.8% annual growth rate. In the United States, start-ups account for more than 17.5% of the total population, while in Canada, start-ups account for 18.4% of the total population. As a result, crowdfunding will have a huge opportunity in North America. The Asia Pacific is expected to be the largest and most advanced region. It is expected to account for the lion's share of global revenue by 2028.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 13.5 Billion |
Projected Market Size in 2028 |
USD 28.2 Billion |
CAGR Growth Rate |
11.8% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Gust, Crowdfunder, RocketHub, FirstGiving, Teespring, DonorsChoose.org, CircleUp, GiveForward, Fundable, YouCaring, IFunding, GoFundMe, Patreon, CrowdRise, Kiva, Kickstarter, Causes, FundRazr, and Indiegogo., among others. |
Key Segment |
By Type, Sales Model, Application, Deployment Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the main competitors dominating the global crowdfunding market are Gust, Crowdfunder, RocketHub, FirstGiving, Teespring, DonorsChoose.org, CircleUp, GiveForward, Fundable, YouCaring, IFunding, GoFundMe, Patreon, CrowdRise, Kiva, Kickstarter, Causes, FundRazr, and Indiegogo.
Recent Developments
- May 2020: BuildHer, a crowdfunding platform for women of African descent based in the United Kingdom, has officially launched its service. BuildHer, which was founded in 2018, claims to provide disadvantaged young women in Kenya with accredited construction skills, resulting in changing male attitudes, increasing financial prosperity, and promoting gender equality in the construction industry.
- April 2020: Aescuvest International GmbH, a renowned crowdfunding platform operated by EIT Health in their Call4Ideas Campaign, seeks to aid start-ups and researchers in their efforts to flatten the COVID-19 curve, thereby accelerating their market entry.
The global crowdfunding market is segmented as follows:
By Type
- Donation
- Equity Crowdfunding
- Reward-Based Crowdfunding
- Others
By Sales Model
- Reward
- P2P Lending
- Equity Investment
- Hybrid
- Others
By Application
- Healthcare
- Technology
- Product
- Cultural Industries
- Others
By Deployment Type
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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