Global Crowdfunding Market 2018-2022 | USD 89.72 Billion Incremental Growth over the Next Five Years | Technavio

LONDON--(BUSINESS WIRE)--Jul 19, 2019--

Technavio analysts forecast the global crowdfunding market to grow at a CAGR of over 17% during the forecast period, according to their latest market research report. However, the market’s momentum will decelerate in the coming years because of the decrease in year-over-year growth.

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Technavio has announced its latest market research report titled global crowdfunding market 2019-2023. (Graphic: Business Wire)

The use of crowdfunding campaigns as avenues for crowdsourcing is one of the major trends being witnessed in the global crowdfunding market 2018-2022. Crowdfunding campaigns allows entrepreneurs to interact with customers and understand their expectations. This helps them to enhance product value proposition and measure product success before the actual launch. Thus, the use of crowdfunding campaigns has become a popular avenue for crowdsourcing.

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According to Technavio analysts, one of the key factors contributing to the growth of the global crowdfunding market is the use of social media as a free of cost promotion source:

Crowdfunding Market: Use of Social Media as a Free of Cost Promotion Source

Social media provides an opportunity to pre-sell a product and also acts as a free of cost marketing tool. Thus, an active crowdfunding campaign can go further than just acquiring the required funds. Social media campaigns are inexpensive and can rapidly access multiple channels. Thus, the use of social media as a free of cost promotion source will fuel the growth of the crowdfunding market size during the forecast period.

According to a senior analyst at Technavio for research on diversified consumer services, “Blockchain-based crowdfunding is gaining immense popularity as it decentralizes the funding model while eliminating the risks associated with data security. Blockchain allows startups to create their digital currencies and sell them, in turn, allowing them to raise funds from early birds. Thus, the emergence of blockchain technology will fuel the growth of the crowdfunding market during the forecast period.”

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Crowdfunding Market: Segmentation Analysis

The global crowdfunding market research report provides market segmentation by business model (P2P lending, equity investment, reward, hybrid, and others) and geography (Americas, APAC, and EMEA). 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 more than 50% share, followed by EMEA and APAC, respectively. Although the APAC region held the smallest share of the market, it is expected to witness the highest crowdfunding market growth throughout the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

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  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

For any assistance or query, please contact our media team at:[email protected]

View source version on businesswire.com:https://www.businesswire.com/news/home/20190719005135/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 630 333 9501

UK: +44 208 123 1770

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: FINANCE MARKETING ADVERTISING PROFESSIONAL SERVICES COMMUNICATIONS SMALL BUSINESS SOCIAL MEDIA

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 07/19/2019 09:07 AM/DISC: 07/19/2019 09:07 AM

http://www.businesswire.com/news/home/20190719005135/en

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