The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global crowdfunding market was valued at US$ 13.35 Billion in 2021.
We expect the global crowdfunding market to exhibit a CAGR of 11.65% during 2022-2027.
The extensive advertising campaigns as well as celebrity and social media influencer endorsements for a charitable cause, creative project, business startup, etc., are primarily driving the global crowdfunding market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing popularity of crowdfunding solutions, particularly for making donations to help people, including migrant workers, daily wage laborers, and coronavirus infected patients who needed extensive medical treatment, including hospital admissions, oxygen cylinders, ventilators, etc.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global crowdfunding market include CircleUp Network Inc., Crowdfunder Limited, Fundable LLC, Fundrise, LLC, GoFundMe, Inc., Indiegogo, Inc., and Patreon Inc.
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