Crowdfunding constitutes of raising funds for a project, business, or charitable cause with small contributions from a large group of people. It utilizes various means for funding, including equity investment, P2P lending, reward-based, donation-based, and hybrid crowdfunding models. Crowdfunding is majorly carried out online through websites and social media platforms by making the market directly accessible for the funders without any involvement of banks or venture capitalists. It is a more scalable, flexible, and efficient fund-raising solution as compared to the conventional methods.Request Free Sample Report: https://www.imarcgroup.com/crowdfunding-market/requestsample
Market Trends
The sudden outbreak of the COVID-19 pandemic has propelled several non-profit organizations to provide financial support via crowdfunding campaigns. These campaigns give access to more extensive networks of people in a shorter timeframe. Moreover, the growing social media influence enables individuals to provide feedback and vital information for the demand and development of the product. Furthermore, the launch of crowdfunding features, such as Sponsorships by YouTube, facilitates platform creators to monetize their content and enhance audience engagement, thereby driving the market growth. Moreover, the emergence of peer-to-peer (P2P) lending is expected to drive the market for crowdfunding in the coming years.
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List of Key Companies Covered in this Market Report:
CircleUp Network Inc.
Crowdfunder Inc.
Fundable LLC
Fundrise LLC
GoFundMe Inc.
Indiegogo Inc.
Patreon Inc.
The report has segmented the market on the basis of type, end use and geography.
Breakup by Type:
P2P Lending
Equity Investment
Hybrid
Reward-based
Others
Breakup by End Use:
Entrepreneurship
Social Cause
Movies and Theater
Real Estate
Music
Technology
Publishing
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
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