IMARC Group’s report titled “Crowdfunding Market Report by Type (P2P Lending, Equity Investment, Hybrid, Reward-based, and Others), End Use (Entrepreneurship, Social Cause, Movies and Theater, Real Estate, Music, Technology, Publishing, and Others), and Region 2024-2032“. The global crowdfunding market size reached USD 16.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 42.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.26% during 2024-2032.
Factors Affecting the Growth of the Crowdfunding Industry:
- Cultural Shift Toward Investments:
The crowdfunding industry is experiencing growth due to a change in how individuals or aid causes. More people are inclined towards actively participating in the success stories they fund, preferring to support tangible projects where they can witness the impact of their contributions. This inclination aligns with the crowdfunding approach, which typically promotes transparency, engagement, and direct interaction between supporters and project creators. Additionally, the surge in social entrepreneurship and the growing emphasis on corporate social responsibility (CSR) a greater number of individuals backing initiatives that offer social, environmental, or community advantages. This shift is evident in the popularity of crowdfunding platforms that cater to innovative, sustainable, or charitable projects, attracting supporters driven by the desire to create a positive impact in the world.
- Rising Shift Toward Alternative Financing:
A growing number of people are losing faith in conventional financing channels, which often favor established players and make it difficult for newcomers to access capital due to strict requirements and slow-moving administrative processes. Crowdfunding has emerged as a viable alternative, offering a more open, equitable, and adaptable way to raise funds. This approach resonates with a wide range of individuals and startups, particularly those who may not meet the traditional qualifications for bank loans or venture capital due to limited resources, lack of industry expertise, or a short business history. By providing access to capital and demonstrating community backing, crowdfunding not only helps these entities get off the ground but also serves as a valuable indicator of-driven funding model enables entrepreneurs to sidestep traditional barriers to entry, promoting a more vibrant and
- Technological Advancements:
The crowdfunding market has experienced remarkable growth, driven by the internet’s rapid expansion and digital innovation. Advanced online platforms now provide entrepreneurs with a global stage to present their projects, transcending traditional geographical constraints and expanding their fundraising potential. The incorporation of secure payment systems has simplified the donation process, giving backers greater confidence in their transactions. Furthermore, social media integration has amplified the reach of crowdfunding campaigns, enabling creators to leverage viral marketing and connect with a broader audience, ultimately increasing the campaigns’ visibility. As a result, these technological advancements have leveled the playing field, granting diverse creators, innovators, and entrepreneurs unprecedented access to funding and the freedom to pursue their ideas without reliance on conventional financing channels.
Leading Companies Operating in the Global Crowdfunding Industry:
- CircleUp Network Inc.
- Crowdfunder Limited
- Fundable LLC
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo Inc.
- Patreon Inc
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/crowdfunding-market/requestsample
Crowdfunding Market Report Segmentation:
By Type:
- P2P Lending
- Equity Investment
- Hybrid
- Reward-based
- Others
Based on the type, the market has been divided into P2P lending, equity investment, hybrid, reward-based, and others.
By End Use:
- Entrepreneurship
- Social Cause
- Movies and Theater
- Real Estate
- Music
- Technology
- Publishing
- Others
On the basis of the end use, the market has been segmented into entrepreneurship, social cause, movies and theater, real estate, music, technology, publishing, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Crowdfunding Market Trends:
The crowdfunding industry has seen a rise in platforms that cater to different specialized areas and funding methods. While many creators still prefer reward-based crowdfunding, there is also increasing interest in equity crowdfunding, debt crowdfunding, and donation-based crowdfunding platforms. This variety allows project creators to select the platform that best suits their funding objectives and target audience. In particular, equity crowdfunding has become a key trend in the startup and entrepreneurial landscape, offering investors the chance to obtain ownership stakes in early-stage businesses and potentially reap financial benefits. Governments around the world have introduced regulations support and manage equity crowdfunding, contributing to its expansion.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145