The Crowdfunding Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Crowdfunding Market:
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According to The Business Research Company’s Crowdfunding Global Market Report 2024, The crowdfunding market size has grown rapidly in recent years. It will grow from $15.42 billion in 2023 to $17.87 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to start-up and small business funding needs, access to global capital, support for creative projects, crowdfunding for social causes, regulatory environment and frameworks.
The crowdfunding market size is expected to see rapid growth in the next few years. It will grow to $32.93 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to diversification of crowdfunding models, real estate crowdfunding growth, increased adoption by established businesses, technological integration and platforms, global expansion of crowdfunding ecosystem. Major trends in the forecast period include cross-border crowdfunding campaigns, introduction of non-fungible tokens (NFTs) in crowdfunding, rise of community-powered crowdfunding, use of smart contracts for crowdfunding execution, increased crowdfunding for real estate projects.
Increasing the use of social media platforms is expected to boost the growth of the crowdfunding market going forward. A social media platform offers a service to the general public for the purpose of disseminating communication, speech, news, or other content, usually in the form of messages, videos, pictures, or sound files. Social media acts as a tool to promote and publicize crowdfunding initiatives and also fetch funds for crowdfunding campaigns using an internet platform, as a result, the increasing use of social media increases the demand for crowdfunding. For instance, in January 2023, according to Hootsuite, a Canada-based social media management platform, globally, 4.2 billion people used social media regularly. This suggests that social media is continuing rapidly developing, with 490 million more users than at the start of 2020. It also has 53.6% of the world’s population (around 7.8 billion people). Therefore, the increasing use of social media platforms is driving the growth of the crowdfunding market.
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The crowdfunding market covered in this report is segmented –
1)By Type: Equity-based Crowdfunding, Debt-based Crowdfunding, Others Types
2)By Platform Type: Open Service Platform, Managed Service Platform
3)By Application: Food And Beverage, Technology, Media, Real Estate, Healthcare, Others Applications
Major companies operating in the crowdfunding market are focused on developing innovative products, such as new crowdfunding campaigns and products, to see rapid growth across Europe. For instance, in September 2022, La Vie, a France-based producer of plant-based pork products, introduced vegan ham produced without texturing agents and containing 19 grams of protein per 100 grams. Through the new crowdfunding campaign, customers of La Vie will be able to participate at the same share price as a professional investor, joining the ranks of current investors that include Natalie Portman, the CEO of Vinted, and the chairman of Oatly.
The crowdfunding market report table of contents includes:
1. Executive Summary
2. Crowdfunding Market Characteristics
3.Crowdfunding Market Trends And Strategies
4. Crowdfunding market analysis
5. Crowdfunding Market Size And Growth
6. Crowdfunding Segmentation
7.Crowdfunding Regional And Country Analysis
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27. Crowdfunding Competitive Landscape And Company Profiles
28.Crowdfunding Key Mergers And Acquisitions
29.Crowdfunding Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- ‘JD.com Inc. (Jingdong)
- Alibaba Group Holding Limited
- Suning Holdings Group Co. Ltd.
- BNP Paribas Securities Services
- LendingClub Corporation
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