Crowdfunding Market Size Worth $5.53 Billion by 2030 at CAGR of 16.2%: Grand View Research, Inc.

SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- The global crowdfunding market size is expected to reach USD 5.53 billion by 2030, growing at a CAGR of 16.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. Growing demand for low-cost promotional tools, such as social media platforms for crowdfunding campaigns, is a major factor driving market growth. Furthermore, rising internet penetration has led to more accessibility of online crowdfunding platforms, which is further contributing to the growth of the crowdfunding market.

Key Industry Insights & Findings from the report:

• The equity-based crowdfunding segment is expected to witness rapid growth over the forecast period. The segment growth can be attributed to the growing popularity of equity crowdfunding platforms as it offers an equity share of the company to investors.
• The technology segment is expected to witness significant growth over the forecast period. Growing demand for integrating innovative technologies such as blockchain, machine learning, and Artificial Intelligence (AI) into various digital platforms is expected to propel the growth of the segment.
• North America dominated the regional market in 2021. The rising number of startup companies across the region is driving the growth of the regional market.

Read 140 page full market research report for more Insights, "Crowdfunding Market Size, Share & Trends Analysis Report By Type (Equity-based, Debt-based) By Application (Food & Beverage, Technology, Media, Healthcare, Real Estate), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Crowdfunding Market Growth & Trends

Numerous crowdfunding platform providers remain focused on launching niche areas such as serving black women. For instance, in May 2020, BuildHer, a crowdfunding platform for women, launched its service to support young women in Kenya with credited construction skills leading to greater financial prosperity and promoting gender equality within the construction industry. Such launches are expected to create lucrative growth opportunities for the market over the coming years.

An increasing number of startup companies globally has also led to a greater demand for crowdfunding platforms. For instance, in July 2022, India witnessed a rise of 15,400% number of startups which increased from 471 in 2016 to 72,993 as of June 2022. Startup companies raised funds to increase their market presence globally and invest more in research and development activities. Such a rise in the number of startup companies is expected to further drive market growth.

The COVID-19 outbreak played a vital role in driving the crowdfunding market growth over the forecast period. The number of donations through crowdfunding platforms increased during the pandemic for COVID care treatment, hospitalization, and oxygen relief campaigns. For instance, on Milaap, a crowdfunding platform, the number of donations for the COVID-19 pandemic increased from 325,000 in 2020 to 400,000 in 2021. Similarly, in 2021, through GoFundMe, a crowdfunding platform, more than 175,000 crowdfunding campaigns were established in the U.S. for the COVID-19 pandemic-related needs.

Crowdfunding Market Segmentation

Grand View Research has segmented the global crowdfunding market based on type, application, and region:

Crowdfunding Market - Type Outlook (Revenue, USD Million, 2017 - 2030)

• Equity-based Crowdfunding
• Debt-based Crowdfunding
• Others

Crowdfunding Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• Food & Beverage
• Technology
• Media
• Real Estate
• Healthcare
• Others

Crowdfunding Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players in Crowdfunding Market

• Kickstarter, PBC
• Indiegogo, Inc.
• GoFundMe
• Fundable
• Crowdcube
• SeedInvest Technology, LLC
• Fundly
• RealCrowd
• RM Technologies LLC.
• Wefunder

Check out more related studies published by Grand View Research:

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Browse through Grand View Research's  Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.