Crowdfunding Market is Witnessed to Grow USD 89.72 Billion From 2018-2022 | Technavio

LONDON--(BUSINESS WIRE)--Jun 26, 2019--

According to Technavio Research Report “ Crowdfunding Marketby business model (P2P lending, equity investment, reward, hybrid, and others) and geography (Americas, APAC, and EMEA) is witnessed to grow USD 89.72 billion, at a CAGR of 17% from 2018 to 2022.”

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Technavio has published a new market research report on the global crowdfunding market from 2018-2022. (Graphic: Business Wire)

Browse complete ToC and LoE, as well as selected illustrations and example pages of Crowdfunding Market.

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Global crowdfunding market: Social media as a source of free of cost promotion

One of the major factors driving the global crowdfunding market is that it is used as a means of free promotion. It provides an opportunity to pre-sell a product and also acts as a free of cost marketing tool. Therefore, an active crowdfunding campaign can go further than just acquiring the required funds. These campaigns are inexpensive and can rapidly access multiple channels. Campaigns are designed to communicate the mission and vision of the venture easily. Social media is a common platform adopted for many crowdfunding campaigns, allowing the tracking of referral traffic to the websites. Thus, with social media, an enterprise can promote an idea free of cost, which is likely to drive the global crowdfunding market during the forecast period.

According to a senior analyst at Technavio, “Apart from social media being a source of free of cost promotion, other factors such as the easy access to capital in comparison with traditional funding and blockchain technology are expected to boost the growth of the market during the forecast period.”

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Global crowdfunding market: Prominent Trend

The crowdfunding campaigns as avenues for crowdsourcing is one of the major trends being witnessed in the global crowdfunding market 2018-2022. In the traditional funding, marketing, and product launch processes, there was little interaction with the customers before the product reached them. However, this is one of the advantages of crowdfunding campaigns, which enables entrepreneurs to interact with customers or even to gauge the success of the product before launch. Moreover, campaign owners can engage with the target audience to gauge interest about the project and also to understand the expectations. This helps product developers to continuously work toward enhancing value proposition and understand the prospects of a project before launch. Thus, the use of crowdfunding campaigns as an avenue for crowdsourcing is a trend for the global crowdfunding market.

Few Major Players for the Crowdfunding Market are:

  • GoFundMe
  • Indiegogo
  • Kickstarter
  • Patreon
  • Teespring

Global crowdfunding market: Segmentation analysis

The global crowdfunding market research report provides market segmentation by business model (P2P lending, equity investment, reward, hybrid), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for over 50% share, followed by the EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period owing to the increasing internet and smartphone penetration.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200



SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 06/26/2019 10:27 AM/DISC: 06/26/2019 10:27 AM

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