LONDON–(BUSINESS WIRE)–The global crowdfunding market is expected to register an incremental growth of USD 124.35 billion, witnessing a CAGR of almost 18% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the crowdfunding market in optimistic, probable, and pessimistic forecast scenarios.
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Amid the COVID-19 Crisis, the Revaluated and Updated Crowdfunding Market Report Says:
- The crowdfunding market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic.
- Due to the extensive spread of the virus across the globe, the Consumer Discretionary industry is anticipated to have Negative and Indirect impact.
- Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show Inferior growth due to the increase in infections and reduced economic activity.
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Crowdfunding Market Segmentation and Competitive Analysis
The crowdfunding market is segmented by type (P2P lending, equity investment, hybrid, reward, and others) and geography (APAC, Europe, MEA, North America, and South America). Social media as a source of free of cost promotion has been an instrumental factor in influencing the growth of the Crowdfunding market. Other market drivers include easy access to capital in comparison with traditional funding and increasing customer base.
The market is fragmented. The report analyzes the market’s competitive landscape and offers information on several market vendors, including AngelList Holdings LLC, CircleUp Network Inc., Crowdfunder Inc., Fundable LLC, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, Patreon Inc., and Teespring Inc. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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- Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
- The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
- The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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Methodology
Information Sources:
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
Data Analysis:
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
Report Writing:
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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