The crowdfunding market size is expected to reach USD 2,801.29 billion by 2032, according to a new study by Polaris Market Research. The report “Global Crowdfunding Market Share, Size, Trends, Industry Analysis Report: Information By Crowdfunding Type (Equity- Based, Debt Based, Others), By Application And By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The crowdfunding market is propelled by the advancement of technology, which includes artificial intelligence, machine learning, blockchain, and fintech. Social media act as a medium of marketing, attracting more investors and broadening the scope of crowdfunding platforms. The increasing number of social media users on platforms such as Twitter, Facebook, Instagram, and LinkedIn to connect with the rest of the world is a key factor contributing to market growth.
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The crowdfunding market is experiencing significant growth due to the rising number of startups that are offering an extensive network of investors to collect and raise funds for new businesses or startups in a shorter duration. Moreover, traditional banking takes a longer duration to fund business activities due to prolonged paperwork, pending applications, and others. However, crowdfunding has easy procedures and a wide network of investors, which help startups and entrepreneurs pitch their startups to a large number of audiences at a single point and gain investments to finance their business activities on a short basis.
The prominence of reward-based crowdfunding in the market is on the rise, primarily due to the supplementary incentives in the form of services or rewards offered by startups or companies to investors. Typically, supplementary incentives involve the provision of goods or services to investors, thereby aiding in the establishment of trust and confidence in startups. Reward-based crowdfunding provides tangible products or intangible services to investors, which promotes and helps to gain feedback about the offerings.
Crowdfunding Market Report Highlights
Polaris Market Research has segmented the crowdfunding market report based on crowdfunding type, application type, and region:
Crowdfunding Type Outlook (Revenue - USD Billion, 2019 - 2032)
Crowdfunding Application Outlook (Revenue - USD Billion, 2019 - 2032)
Crowdfunding Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 117.53 billion |
Market size value in 2024 |
USD 166.95 billion |
Revenue Forecast in 2032 |
USD 2,801.29 billion |
CAGR |
42.3% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
For Specific Research Requirements |