According to the research report “Crowdfunding Market – Forecast and Analysis Report 2021-2025“, the market is expected to have a YOY growth rate of 13.86% in 2021, growing at a CAGR of 15% between 2020 and 2025.
APAC is the largest market for crowdfunding. Factors such as the increasing penetration of the internet and smartphones and increasing popularity of the P2P business model of crowdfunding are creating significant growth opportunities for crowdfunding manufacturers in APAC.
Vendor Insights
The global crowdfunding market is fragmented in nature due to the presence of several global and regional players. Crowdfunder Ltd., Fundable LLC, AngelList Holdings, LLC, CircleUp Network Inc., ConnectionPoint Systems Inc., Crowdcube Ltd., Fundrise LLC, GoFundMe Inc., Indiegogo Inc., and Kickstarter PBC are some of the dominant vendors featured in the report.
The growing competition in the market is forcing vendors to invest in advanced technologies such as AI to offer better solutions to customers and gain an edge over their competitors. Some vendors are partnering with other players in the market to expand their presence. For instance, in November 2020, The Planet Mark partnered with Crowdfunder to deliver sustainability funding.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
APAC will provide maximum growth opportunities in the crowdfunding market during the forecast period. According to our research report, the region currently holds 62% of the global market share and is expected to dominate the market through 2025.
The report also offers a detailed analysis of the growth of the market across North America, Europe, South America, and MEA. In addition, countries such as China, the US, the UK, Germany, and Australia are expected to emerge as prominent markets for crowdfunding during the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. www.technavio.com/report/crowdfunding-market-industry-analysis
Key Market Trends & Challenges:
The report identifies the use of crowdfunding campaigns as avenues for crowdsourcing as the major trend influencing crowdfunding market. The launch of crowdfunding campaigns is enabling entrepreneurs to interact with customers and gauge the success of the product before launch. Also, the increasing popularity of crowd sourcing has allowed business owners to engage with the target audience and understand their expectations and develop the product. This helps product developers to continuously improve the value propositions of their offerings. This trend is expected to have a positive impact on the growth of the market during the forecast period.
However, high time consumption associated with crowdfunding is expected to hinder the market growth. Project deadlines in most of the crowdfunding projects are either fixed by the individual or the company. The delays in the completion of the projects sometimes result in customers withdrawing their money completely from the project. Such incidents might reduce the growth opportunities for market players.
View free sample for highlights on market Trends & Challenges affecting the crowdfunding market.
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