Crowdfunding Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

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Global Crowdfunding Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Crowdfunding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

," the global crowdfunding market size reached US$ 14.9 Billion in 2022.

Crowdfunding aids in raising capital for a project or venture from many individuals using the internet. It relies on different websites and social networking platforms to directly access the market and eliminate the dependence on banks or venture capitalists.

Nowadays, social media platforms are being preferred for crowdfunding by various companies as it acts as a free promotion resource and can reach a global audience. Moreover, it enables the companies to pre-sell and market products at their convenience.

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Global Crowdfunding Market Trends:

With the continuously rising competition in the global crowdfunding market, the leading players are focusing on differentiating themselves from competitors with their offerings, innovation, price point and attractive offers. Apart from this, the increasing influence of social media is fueling the growth of the market as they offer a platform to provide feedback and valuable information on developing a new product. Consequently, several enterprises are promoting ideas on social media platforms for gauging audience interest.

For instance, Malaysia Digital Economy Corporation (MDEC) recently announced a partnership with the crowdfunding platform for donation crowdfunding to support the front liners with the MKN20 protocol to distribute the items to hospitals nationwide. Besides this, the launch of Sponsorships, a crowdfunding feature of YouTube, is assisting creators on the platform to monetizing their content and increase their overall engagement with the audience.

Looking forward, the market is expected to reach a value of US$ 28.9 Billion by 2028, expanding at a CAGR of 11.6% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/crowdfunding-market

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Key Market Segmentation

The research report includes the following segments:

Type Insights:

• P2P Lending

• Equity Investment

• Hybrid

• Reward-based

• Others

End Use Insights:

• Entrepreneurship

• Social Cause

• Movies and Theater

• Real Estate

• Music

• Technology

• Publishing

• Others

Regional Insights:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• CircleUp Network Inc

• Crowdfunder Limited

• Fundable LLC

• Fundrise LLC

• GoFundMe Inc

• Indiegogo Inc

• Patreon Inc

• etc

1. What was the size of the global crowdfunding market in 2022?

2. What is the expected growth rate of the global crowdfunding market during 2023-2028?

3. What are the key factors driving the global crowdfunding market?

4. What has been the impact of COVID-19 on the global crowdfunding market?

5. What are the key regions in the global crowdfunding market?

6. Who are the key players/companies in the global crowdfunding market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/crowdfunding-market/toc

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