From GlobeNewswire: 2024-11-18 09:00:00

According to SNS Insider, the Crowdfunding Market is set to reach USD 5.4 billion by 2032, with a CAGR of 15.4% from 2024 to 2032. The rise is fueled by demand for accessible funding options, digital transformation, and impact investing. Crowdfunding platforms are leveraging AI and machine learning to enhance user experience and engagement.

Debt-based crowdfunding leads the market, capturing 59% of revenue in 2023. Equity-based crowdfunding is gaining popularity, especially among startups. Startups dominate the market, utilizing crowdfunding to access capital and gauge market interest. Non-profits are also turning to crowdfunding for support, with tailored features for easy donation collection and fund allocation.

North America holds the largest market share at over 32%, driven by advanced digital platforms and regulatory frameworks. The U.S. is a leader in crowdfunding adoption, with platforms like Kickstarter and GoFundMe facilitating numerous projects. The Asia-Pacific region is experiencing rapid growth, with countries like China and India embracing crowdfunding due to high digital engagement and entrepreneurial activity. Crowdfunding platforms in the Asia-Pacific region are thriving due to the large population and increasing internet penetration. Startups are turning to crowdfunding as venture capital funding fluctuates, with platforms aligning with local regulations for growth potential. Recent developments include Enabot’s Kickstarter campaign for the EBO X household robot and Kickstarter’s new AI-powered feature for personalized project recommendations.

The market offers a detailed analysis, including research methodology, market dynamics impact, statistical insights, competitive landscape, and company profiles. Segmentation by type, application, and end-user, along with regional analysis, provide a comprehensive overview. SNS Insider offers consulting services such as Go To Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking to support businesses in decision-making.

SNS Insider is a leading global market research and consulting agency, providing clients with the knowledge needed to navigate changing circumstances. Utilizing surveys, video talks, and focus groups worldwide, the company delivers current market data, consumer insights, and opinions for confident decision-making. For more information or customization research, contact [email protected].



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