Mar 24, 2023

News provided by Share this article Share this article The global crowdfunding market size is expected to reach USD 59.36 billion by 2030 Increasing adoption of innovative technologies, including blockchain, artificial intelligence, and machine learning by various crowdfunding platforms around the world and the extensive rise in the number of users of social media platforms such as Facebook, Instagram, and Twitter are major factors expected to boost the growth of the global market throughout the forecast period. Moreover, increasing efforts by crowdfunding service providers to help startup companies raise funds from investors without the need to navigate complicated banking procedures are likely another key factor propelling the market's growth over the coming years. For instance, in November 2022, Fundnel, introduced it's new, refreshed brand Alta, in Malaysia. With this launch, the company will be able to support the tokenization of alternative assets, developing an end-to-end solution that makes it cheaper and even faster to trade securities, real estate, luxury assets, and funds. In recent years, raising funds and capital for various smaller projects with the help of crowdfunding on social media platforms, especially for companies in the pre-profit-making stage, is gaining huge popularity and is expected to positively impact the adoption of these fundraising solutions in the near future. The social media platforms act like a free promotion resource for crowdfunding organizations, which helps them easily reach global audiences, creating high growth opportunities for the market. For instance, according to findings, nearly USD 17.2 billion is generated yearly through crowdfunding platforms in North America, with a significant rise every year. Also, nearly 6,455,080 crowdfunding campaigns happened in the year 2020, and it is estimated that the number would reach about 12,064,870 by 2023, and the average amount raised by successful campaigns was USD 28,656. Crowdfunding Market Report Highlights Debt-based segment accounted for significant revenue share in 2021 and likely to maintain its position over the forecast period due to growing adoption of these solutions by startup companies to raise fund quickly Food & beverages segment held the significant market share owing to a rapid growth in the number of startup companies along with high implementation of various fundraising programs North America dominated the global market in 2021 with a healthy market share on account of continuously growing internet users and increasing penetration of internet facilities coupled with the high prevalence of innovative technologies such as AI, blockchain, and machine learning The global crowdfunding market is fairly competitive in nature with the presence of various large market players including RM Technologies LLC, SeedInvest Technology LLC, Gofundme Inc., Nav Technologies Inc., and Realcrowd Inc. Market Dynamics