NEW YORK, According to the research report Crowdfunding Market will witness a YOY growth of 18.97% in 2022 at a CAGR of 16.81% during the forecast period.
The report is segmented by type (P2P lending, equity investment, hybrid, reward, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Vendor Insights
The global Crowdfunding Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
AngelList Holdings, LLCCircleUp Network Inc.ConnectionPoint Systems Inc.Crowdcube Ltd.Crowdfunder Ltd.DonorsChooseFUELADREAM Online Ventures Pvt. Ltd.Fundable LLCFundrise LLCGoFundMe Inc.Indiegogo Inc.iobyKetto Online Ventures Pvt. Ltd.Kickstarter PBCMilaap Social Ventures India Pvt. Ltd.Patreon Inc.RealCrowd Inc.
Geographical Market Analysis
During the forecast period, APAC will account for 63 percent of market growth. In APAC, China and Australia are the most important markets for global crowdfunding. The market in this region will increase at a quicker rate than the market in other regions.
Furthermore, increased Internet and smartphone usage will aid global crowdfunding market growth in APAC. This market research report includes thorough information on competitor intelligence, marketing gaps, and geographical potential for suppliers, all of which will aid in the development of effective business plans.
Moreover, countries such as the US, China, Australia, the UK, and Germany are expected to emerge as prominent markets for Crowdfunding during the forecast period.
Key Segment Analysis
The P2P lending category will raise its worldwide crowdfunding market share significantly. Several government efforts from around the world are assisting in the expansion of this business. Individuals can access funds for planned activities in a shorter period of time since P2P lenders liquidate the funds before the duration of the loan expires. However, due to a decreasing number of participants choosing for the P2P business model, notably from MEA and APAC, the global crowdfunding market by P2P lending is predicted to increase slowly throughout the projection period.
Key Market Drivers & Challenges:
The free-of-charge promotion through social media is one of the primary aspects fueling growth in the crowdfunding business. It allows you to pre-sell a product while simultaneously serving as a low-cost marketing strategy. As a result, an active crowdfunding campaign can accomplish more than merely raising the necessary funds. These campaigns are low-cost and can quickly reach out to various channels.
Many crowdfunding projects use social media as a platform since it allows them to measure referral traffic to their websites. As a result, a company can promote an idea for free through social media, which is expected to drive the worldwide crowdfunding market during the forecast period.
However, time consumption will be a major challenge for the crowdfunding market during the forecast period.
Download a free sample for highlights on market Drivers & Challenges affecting the Crowdfunding Market.
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