By IMARC Group the global crowdfunding market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 17% during 2021-2026.
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According to IMARC Group’s latest report, titled “Crowdfunding Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the global crowdfunding market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 17% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Crowdfunding constitutes of raising funds for a project, business, or charitable cause with small contributions from a large group of people. It utilizes various means for funding, including equity investment, P2P lending, reward-based, donation-based, and hybrid crowdfunding models. Crowdfunding is majorly carried out online through websites and social media platforms by making the market directly accessible for the funders without any involvement of banks or venture capitalists. It is a more scalable, flexible, and efficient fund-raising solution as compared to the conventional methods.
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Market Trends
The sudden outbreak of the COVID-19 pandemic has propelled several non-profit organizations to provide financial support via crowdfunding campaigns. These campaigns give access to more extensive networks of people in a shorter timeframe. Moreover, the growing social media influence enables individuals to provide feedback and vital information for the demand and development of the product. Furthermore, the launch of crowdfunding features, such as Sponsorships by YouTube, facilitates platform creators to monetize their content and enhance audience engagement, thereby driving the market growth. Moreover, the emergence of peer-to-peer (P2P) lending is expected to drive the market for crowdfunding in the coming years.
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List of Key Companies Covered in this Market Report:
CircleUp Network Inc.
Crowdfunder Inc.
Fundable LLC
Fundrise LLC
GoFundMe Inc.
Indiegogo Inc.
Patreon Inc.
The report has segmented the market on the basis of type, end use and geography.
Breakup by Type:
P2P Lending
Equity Investment
Hybrid
Reward-based
Others
Breakup by End Use:
Entrepreneurship
Social Cause
Movies and Theater
Real Estate
Music
Technology
Publishing
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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Source: MarketersMedia
Release ID: 89041827
COMTEX_392194098/2773/2021-08-25T14:29:27
