The Worldwide Crowdfunding Industry is Expected to Reach $42.9 Billion by 2028: Featuring Indiegogo, GoFundMe, Patreon and Fundable Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Crowdfunding Market, By Product Type, By Sales Model, By End-user, By Deployment & By Region- Forecast and Analysis 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Crowdfunding Market was valued at USD 17.51 Billion in 2021, and it is expected to reach a value of USD 42.93 Billion by 2028, at a CAGR of 16.40% over the forecast period (2022 - 2028).

Companies Mentioned

• Kickstarter PBC (US)
• Indiegogo Inc. (US)
• GoFundMe Inc. (US)
• Patreon (US)
• Fundable LLC (US)
• Crowdcube Limited (UK)
• GoGetFunding (UK)
• Crowdfunder Inc. (UK)
• Alibaba Group Holding Limited (China)
• Wefunder Inc. (US)
• Fundly (US)
• Jingdong Inc. (China)
• Suning.com Co. Ltd (China)
• Owners Circle (Malaysia)
• Realcrowd Inc. (US)

Crowdfunding is the process of collecting a large number of small donations from a large number of people from different landscapes and areas. Crowdfunding can also be defined as a contribution or charity for a specific cause or need.

The decision to participate in crowdfunding could be influenced by various marketing strategies used on various social and mass media platforms to persuade the crowd to donate to a greater cause. Crowdfunding organizations are now expanding their reach to a global audience via various social media platforms.

Segments covered in this report

The Global Crowdfunding Market is segmented on the basis of Product Type, End-user, and region. Based on Product Type, the market is segmented into Reward-based Crowdfunding, Equity Crowdfunding, Donation, and Others.

Based on End-user, the market is segmented into Cultural Sector, Technology, Product, and Healthcare. Based on sales type the market is segmented into Reward, P2P Lending, Hybrid, Equity Investment, and Others. In terms of deployment the market is bifurcated into on-premise and cloud. Based on region, the global Crowdfunding market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The growing use of crowdfunding platforms in supporting and assisting with donations to people who have suffered greatly as a result of the pandemic is driving the awareness and utility of these platforms. Some of the social causes that are fulfilled by these crowdsourcing platforms are capital donations for charities that support and empower people, which in turn drives demand in the market globally.

Restraint

The Crowdfunding industry is growing rapidly, but one of the challenges it may face in the future is the management and use of funds for the purpose for which they are donated. If some of the donations are used for personal gain rather than for a better cause, trust in this crowdfunding will suffer, and the market's growth will be slowed even further in the future.

Market Trends

Reward-based crowdfunding involves raising demand for seed capital via online platforms and rewarding investors for their contributions to the development of a company. The company raises capital from a bank on the basis of its project, and the bank receives a reward. This type of funding is typically raised by early-stage companies or for a specific project that will generate higher revenue in the future. All of this enables the crowdfunding market to expand at a faster rate.

For more information about this report visit https://www.researchandmarkets.com/r/4v6u7n

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