Global P2P fundraising market expected to reach $310 million by 2033, driven by technology and growth in donations.

From GlobeNewswire: 2024-08-23 18:00:00

The Global P2P Fundraising Market is set to grow from $97.4 million in 2023 to $310 million by 2033, with a CAGR of 12.27%. P2P fundraising involves personalized campaigns to collect donations from friends and family for non-profit organizations. Benefits include wider audience reach and better relationships, driven by mobile apps, social media, and innovative fundraising options. The cloud-based segment leads the market, offering scalability and flexibility. SMEs are the fastest-growing segment, benefiting from easy access to funding without traditional sources. Nonprofit organizations hold the largest market share, leveraging technology like social media for fundraising. North America dominates the market due to the rising demand for digital fundraising solutions. Asia Pacific is projected to grow rapidly, driven by the adoption of P2P fundraising methods and the increasing use of the internet and social media. Key players in the market include DonorPerfect Fundraising Software, Classy, Qgiv, and CrowdRise. In 2023, Blackbaud increased its investment in the P2P fundraising space, recognizing the sector’s rapid growth. The market is segmented by deployment, application, and end-use, with regional analysis for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Other related reports by Spherical Insights include Global Online Banking Market, Global Reverse Factoring Market, Global Commercial Real Estate Market, and Global Loan Servicing Software Market. Spherical Insights & Consulting is a market research and consulting firm specializing in market research, forecasting, and trends analysis for various industries. Contact them for more information and market insights.



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