![]() ![]() If some of the donations are used for personal gain rather than for a better cause, trust in this crowdfunding will suffer, and the market's growth will be slowed even further in the future. RestraintThe Crowdfunding industry is growing rapidly, but one of the challenges it may face in the future is the management and use of funds for the purpose for which they are donated. Some of the social causes that are fulfilled by these crowdsourcing platforms are capital donations for charities that support and empower people, which in turn drives demand in the market globally. Based on region, the global Crowdfunding market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.ĭriverThe growing use of crowdfunding platforms in supporting and assisting with donations to people who have suffered greatly as a result of the pandemic is driving the awareness and utility of these platforms. In terms of deployment the market is bifurcated into on-premise and cloud. ![]() Based on sales type the market is segmented into Reward, P2P Lending, Hybrid, Equity Investment, and Others. Based on End-user, the market is segmented into Cultural Sector, Technology, Product, and Healthcare. Based on Product Type, the market is segmented into Reward-based Crowdfunding, Equity Crowdfunding, Donation, and Others. Segments covered in this reportThe Global Crowdfunding Market is segmented on the basis of Product Type, End-user, and region. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. Top-down and bottom-up approaches were used to estimate and validate the size of the Global Crowdfunding Market and to estimate the size of various other dependent submarkets. ![]() Crowdfunding organizations are now expanding their reach to a global audience via various social media platforms. The decision to participate in crowdfunding could be influenced by various marketing strategies used on various social and mass media platforms to persuade the crowd to donate to a greater cause. Crowdfunding can also be defined as a contribution or charity for a specific cause or need. The Global Crowdfunding Market was valued at USD 17.51 Billion in 2021, and it is expected to reach a value of USD 42.93 Billion by 2028, at a CAGR of 16.40% over the forecast period (2022 - 2028).Ĭrowdfunding is the process of collecting a large number of small donations from a large number of people from different landscapes and areas. ![]()
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