DUBLIN--(BUSINESS WIRE)--The "Crowdfunding Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The crowdfunding market is expected to witness a growth at a CAGR of over 16% during the forecast period 2021-2026
Crowdfunding entails soliciting many small amounts of money from an undefined group of people known as the crowd. Crowdfunding platforms could be intermediaries between donors and beneficiaries. This intermediary could exploit a plethora of marketing techniques to influence the behavior of the potential donor. Therefore it is important to look for the influencing factors that are being used on crowdfunding platforms such as social media platforms for raising funds.
Moreover, according to Fundly, the global amount raised by crowdfunding amounted in the thirties of USD billion in 2019. Further, it has been estimated that 6,445,080 number of crowdfunding campaigns were hosted globally in 2019. Also, the crowdfunding market is expected to triple by 2025.
The social media platforms are acting as a free of cost promotion resources for crowdfunding organization to have a global reach to audiences. It has enabled the companies to make their pre-selling and marketing for products at more convenience. Hence, the active crowdfunding campaigns on social media are expected to further drive the crowdfunding market's growth in the coming future. According to startups.com, 12% of the Facebook share, 3% of Twitter shares, and 53% of email shares convert to donations.
The company operating in the gaming industry are witnessing the most successful fundraising campaign to raise fund. Also, technology campaigns are able to attract crowdfunding. According to the Kickstarter crowdfunding platform, it raised over USD 1 million, where 37% of gaming campaigns have been successful in raising funds and technology campaigns made up of 30% of successful campaigns.
Many companies, such as Kickstarter PBC, Indiegogo Inc., GoFundMe Inc., Crowdfunder Inc., and Alibaba Group, are offering their platform for crowdfunding to raise funds for various initiatives. In October 2019, the crowdsourcing platform Kickstarter registered over USD 4.5 billion, which has been pledged to different projects.
With the recent outbreak of COVID-19, the crowdfunding market is witnessing significant growth, especially donation crowdfunding to support and help communities, people, and many organizations fight this pandemic. For instance, in April 2020, Facebook launched "Facebook Fundraiser," a platform where people can raise funds for the charity to help others during a pandemic.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Assessment on the Impact of COVID-19 on the market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Use of Social Media as a Free of Cost Promotion Source
5.1.2 Increasing Investor Forward looking Strategic Behaviour and Social Interactions among Investors
5.2 Market Restraints
5.2.1 Time Consuming Process and Stringent Regulatory Compliance
6 MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Reward-based Crowdfunding
6.1.2 Equity Crowdfunding
6.1.3 Donation and Others
6.2 By End-user Application
6.2.1 Cultural Sector
6.2.5 Other End-user Applications
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Kickstarter PBC
7.1.2 Indiegogo Inc.
7.1.3 GoFundMe Inc.
7.1.4 Fundable LLC
7.1.5 Crowdcube Limited
7.1.7 Crowdfunder Inc.
7.1.8 Alibaba Group Holding Limited
7.1.9 Wefunder Inc.
7.1.11 Jingdong Inc.
7.1.12 Suning.com Co. Ltd
7.1.13 Owners Circle
7.1.14 Realcrowd Inc.
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/pfiuef