IMARC Group's report titled "Crowdfunding Market Report by Type (P2P Lending, Equity Investment, Hybrid, Reward-based, and Others), End Use (Entrepreneurship, Social Cause, Movies and Theater, Real Estate, Music, Technology, Publishing, and Others), and Region 2024-2032". The global crowdfunding market size reached US$ 16.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.26% during 2024-2032.
Factors Affecting the Growth of the Crowdfunding Industry:
- Growing Social Media and Networking:
The rise of social media has had a transformative impact on crowdfunding. In addition, platforms such as Facebook, Twitter, and Instagram allow campaign creators to reach vast audiences far beyond their immediate networks. Moreover, social media provides a cost-effective medium for promoting crowdfunding campaigns and serves as a powerful tool for building community and engaging directly with backers. Besides this, creators can use these platforms to share updates, respond to queries, and sustain momentum throughout the campaign lifecycle. Along with this, the interactive nature of social media enables backers to become active participants in the development of the projects they support, fostering a sense of connection and investment that can be crucial for a campaign’s success. This synergy between crowdfunding and social media has made it possible to amplify outreach and engagement exponentially.
- Technology Advancements:
Technological innovations have revolutionized the crowdfunding market, making platforms more accessible, secure, and user-friendly. In addition, advanced technologies including blockchain and artificial intelligence have enhanced the security of transactions, instilling greater confidence among users. Besides this, improved user interfaces and streamlined processes make it easier for project creators to set up and manage campaigns, and for backers to contribute. Additionally, mobile technology allows users to engage with campaigns anytime and anywhere, further increasing the funding potential. These technological advancements expanded the accessibility of crowdfunding and significantly improved the efficiency and effectiveness of these platforms, drawing in a larger pool of project creators and backers who might not have participated in the traditional funding models.
- Diversification of Various Platforms:
Crowdfunding platforms are evolving significantly, diversifying to cater to several of project types and fundraising needs. It includes equity crowdfunding, where investors receive a stake in the company, and reward-based crowdfunding, which offers backers tangible items or experiences in return for their support. It also comprises donation-based platforms, which focus on charitable and social causes, and peer-to-peer lending, which bypasses traditional financial institutions to provide loans facilitated directly between individuals. This diversification broadens the scope of crowdfunding and attracts a large range of participants, including investors looking for equity, individuals supporting innovation, and those interested in social impact. Furthermore, platforms can cater to specific needs and preferences by offering various crowdfunding models, thereby expanding the overall market and enhancing the viability and appeal of crowdfunding as a funding mechanism.
Leading Companies Operating in the Global Crowdfunding Industry:
- CircleUp Network Inc.
- Crowdfunder Limited
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo Inc.
- Patreon Inc.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/crowdfunding-market/requestsample
Crowdfunding Market Report Segmentation:
By Type:
- P2P Lending
- Equity Investment
- Hybrid
- Reward-based
- Others
Based on the type, the market has been classified into P2P lending, equity investment, hybrid, reward-based, and others.
By End Use:
- Entrepreneurship
- Social Cause
- Movies and Theater
- Real Estate
- Music
- Technology
- Publishing
- Others
On the basis of the end-use, the market has been segmented into entrepreneurship, social cause, movies and theater, real estate, music, technology, publishing, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Crowdfunding Market Trends:
At present, crowdfunding has become a global phenomenon, with platforms emerging in various countries to cater to local entrepreneurs and investors. This expansion has been facilitated by advancements in technology and increased internet penetration worldwide. Moreover, regulatory frameworks governing crowdfunding have evolved to accommodate the growing industry while ensuring investor protection. Many countries introduced or updated regulations specific to crowdfunding, providing clarity for platforms and users. Furthermore, niche crowdfunding platforms focusing on specific industries or types of projects are gaining popularity. These platforms offer tailored services and expertise to creators and investors in sectors such as art, music, technology, and healthcare.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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