NEW YORK, March 3, 2023 /PRNewswire/ — The global crowdfunding market report by Technavio data analysts and research experts is projected to record the market size growth by USD 264.09 billion during the forecast period – 2022 to 2027. This market research report also suggests the statistics about the decelerating CAGR of 15.86%. For exclusive market statistics and other relevant market information, historic (2017 to 2021) and forecast market size (2023 to 2027) buy the report.
What`s New for 2023?
- Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial
Social media usage as a source of promotion without cost, convenient access to capital as compared to traditional funding, and a growing customer base are projected as the prominent factors leading to the crowdfunding market growth. For more such market analysis updates, historic (2017 to 2021), and forecast market size (2023 to 2027) request the sample report.
New Business Opportunities – Market Segments and Key Regions Analysis
There are two segments such as cloud, and on-premise classified in the crowdfunding market as per Technavio’s analysts.
Among the two, the cloud-based segment is projected as the most significant segment in terms of market share growth during 2022-2027. The segment first witnessed a gradual rise in the market share of USD 72.66 billion in 2017 and continued to grow significantly by 2021.
Considering the geographical regions for market share growth, APAC is projected at the top of the list. 62% of the total market share growth will be originated from APAC by 2027. Technavio further suggests, if the entrepreneurs face issues in raising funds, it results in the company having more chances to pivot or iterate. Such a scenario will attract companies toward crowdfunding, which, in turn, will boost market growth from 2022 to 2027.
Key Market Driver, Trend, and Challenge
Social media usage as a source of promotion without cost is dominantly driving market growth.
Technavio also suggests, exploring crowdfunding campaigns as channels for crowdsourcing will emerge as a primary market trend for growth in the crowdfunding market growth during 2022 to 2027.
As an emerging market challenge, crowdfunding via social media platforms involves more time and it may slow down the market growth as per Technavio’s report.
Find more detailed information on market dynamics, historic (2017 to 2021), and forecast market size (2023 to 2027) – request for the exclusive sample report.
Key Market Vendors
There are a few key vendors operating in the market, mentioned in the report such as:
- Chuffed.org Pty Ltd.
- Fundable LLC
- CircleUp Network Inc.
- DonorsChoose
- Crowdera Inc.
- FUELADREAM Online Ventures Pvt. Ltd.
- Crowdcube Ltd.
- Crowdfunder Inc.
Major Data Covered in this Crowdfunding Market Report
- Projected CAGR of the market during 2023-2027
- Detailed statistical information on the major market drivers of the crowdfunding market during 2023-2027
- Market size analysis of the crowdfunding market size and its association with the parent market
- Relevant predictions about upcoming market trends and detailed consumer behavior analysis
- Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa
- Detailed market’s competitive landscape and key information about market vendors
- Comprehensive analysis of various market challenges
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Global Crowdfunding Market Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 15.86% |
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Market growth 2023-2027 |
$ 264.09 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
17.81 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 62% |
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Key countries |
US, Canada, China, Australia, UK, Mexico, Italy, Spain, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Chuffed.org Pty Ltd., CircleUp Network Inc., ConnectionPoint Systems Inc., Crowdcube Ltd., Crowdera Inc., Crowdfunder Inc., DonorsChoose, FUELADREAM Online Ventures Pvt. Ltd., Fundable LLC, GGF Global Ltd., GoFundMe Inc., Indiegogo Inc., Ioby Inc., Ketto Online Ventures Pvt. Ltd., Kickstarter PBC, Kiva Microfunds, Milaap Social Ventures India Pvt. Ltd., Patreon Inc., Seedrs Ltd., and Wishberry Online Services Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
