Art Crowdfunding Global Market Size, Industry Trends, Analysis 2023 To 2032

The Art Crowdfunding Global Market Report 2023, provides comprehensive information on the art crowdfunding market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Art Crowdfunding Global Market Report 2023, the global art crowdfunding market is expected to grow from $1.151 billion in 2022 to $1.70 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The art crowdfunding market is expected to reach $2.67 billion in 2027 at a CAGR of 12%.

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Product innovation has emerged as a key trend gaining popularity in the art crowdfunding market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in January 2023, SideKick Finance, a UK-based online platform offering crowdfunding and marketing solutions, launched JumpStart, a decentralized NFT(Non-Fungible Token) crowdfunding platform that empowers investors and more creators to realize worthwhile ideas. An utterly decentralized self-service platform that anyone can use to quickly launch a campaign using the strength and usability of NFTs. JumpStart offers a robust, scalable, and highly interoperable platform for crowdfunding that covers a range of use cases, including those related to gaming, art, music, charities, and more.

The art crowdfunding market is segmented:

1) By Type: 5% Fee, 4% Fee, 3% Fee, Other Types

2) By Art Type: Visual Art, Performing Art, Literary Art, Other Art Types

3) By Platform: Reward-Based Crowdfunding, Donation-Based Crowdfunding, Equity Crowdfunding

4) By Application: Films, Music, Stage Shows, Comics, Journalism, Publishing, Museums, Galleries, Other Applications

North America was the largest region in the art crowdfunding market in 2022.

The table of contents in TBRC’s art crowdfunding market report includes:

1. Executive Summary
2. Art Crowdfunding Market Characteristics
3. Art Crowdfunding Market Trends And Strategies
4. Art Crowdfunding Market – Macro Economic Scenario
5. Global Art Crowdfunding Market Size and Growth

….……………………………………………………………………………………….

32. Global Art Crowdfunding Market Competitive Benchmarking
33. Global Art Crowdfunding Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Art Crowdfunding Market
35. Art Crowdfunding Market Future Outlook and Potential Analysis
36. Appendix

 

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