The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global crowdfunding market is experiencing a robust surge, projected to elevate from $13.40 billion in 2022 to $15.54 billion in 2023, boasting a noteworthy Compound Annual Growth Rate (CAGR) of 16.0%. The upward trajectory persists, with the market expected to reach $27.81 billion by 2027, maintaining a solid CAGR of 15.7%.

Social Media Synergy: Catalyzing Crowdfunding Growth

A Social Media Revolution

• Catalyst for Growth: The increasing use of social media platforms emerges as a potent catalyst propelling the growth of the crowdfunding market.
• Global Social Media Landscape: In January 2023, Hootsuite reported that a staggering 4.2 billion people globally actively engaged with social media. This indicates a rapid and continuous evolution of social media, with a 53.6% penetration rate, covering more than half of the world’s population.
• Promoting Crowdfunding Initiatives: Social media serves as a dynamic tool for promoting and publicizing crowdfunding initiatives. It acts as a bridge, connecting campaigns with potential backers and contributors.

Industry Giants: Kickstarter, Indiegogo, GoFundMe, and More

• Market Pioneers: Leading the charge in the crowdfunding domain are major players like Kickstarter, PBC, Indiegogo Inc., GoFundMe Inc., and Fundable LLC.

Tech-Driven Trends: Embracing Innovative Crowdfunding Solutions

Crowdcube’s French Tech Revolution

• Innovative Crowdfunding Solutions: A key trend shaping the crowdfunding landscape is the emergence of innovative technological solutions. Companies are leveraging technology to enhance user experience and drive engagement.
• Crowdcube’s Tech Leap: Crowdcube, a UK-based investment crowdfunding platform, exemplifies this trend. In May 2022, it unveiled new equity crowdfunding solutions in France, showcasing its prowess in the tech-driven evolution of crowdfunding.
• Finary Fundraising Success: Crowdcube’s initiative included the Finary fundraising A Series crowdfunding campaign in collaboration with the French Tech ecosystem. The campaign raised an impressive €2.17 million ($2.4 million) from 983 Finary users in a mere 21 minutes.

Market Dynamics: Comprehensive Segmentation Unveiled

1) By Type

• Equity-based Crowdfunding, Debt-based Crowdfunding, Others Types:
  • Diverse crowdfunding types catering to varied fundraising needs, reflecting the market’s adaptability.

2) By Platform Type

• Open Service Platform, Managed Service Platform:
  • Segmentation based on the nature of crowdfunding platforms, distinguishing between open service and managed service models.

3) By Application

• Food and Beverage, Technology, Media, Real Estate, Healthcare, Others Applications:
  • Categorization based on the diverse applications of crowdfunding, spanning industries like technology, real estate, and healthcare.

Global Landscape: North America Leads, Asia-Pacific on the Horizon

• Regional Dynamics: North America emerged as the largest region in the crowdfunding market in 2022. However, Asia-Pacific is positioned to be the fastest-growing region during the forecast period, emphasizing its pivotal role in the global crowdfunding market.

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The Crowdfunding Global Market Report 2023  provides an overview of the crowdfunding market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The crowdfunding market forecast analyzes crowdfunding market size, crowdfunding market share, leading competitor and their market positions.

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