Crowdfunding has become an increasingly popular way to fund projects, businesses, and causes. With the rise of platforms like Kickstarter and GoFundMe, it’s no surprise that crowdfunding has become a major source of funding for many.
But what do the numbers say? In this blog post, we’ll take a look at some of the latest crowdfunding statistics and what they mean for the industry. We’ll also explore how crowdfunding is changing the way people raise money and how it can be used to support a variety of causes. So let’s dive in and take a look at the numbers.
Crowdfunding: Statistics Overview
Last year, 6.5 million crowdfunding campaigns raised 33.7% more than the year before, with an average of $28,656 raised per successful campaign.
This shows the growth of crowdfunding as a viable source of funding for businesses and projects. It also shows that campaigns that reach 30% of their goal in the first week are more likely to reach their goal, which can help inform future campaigns on how to best structure their fundraising efforts.
The global crowdfunding market size was valued at USD 1.67 billion in 2022 and is expected to expand at a CAGR of 16.7% from 2023 to 2030 due to the increasing popularity of crowdfunding activities on social media platforms.
This shows the potential for growth in the crowdfunding market. The increasing popularity of crowdfunding activities on social media platforms is driving the growth of the market, which is a positive sign for those looking to invest in crowdfunding campaigns. The statistic also highlights the success rate of crowdfunding campaigns, which is important for potential investors to consider before investing.
The global crowdfunding market size is expected to reach US$ 28.9 Billion by 2028, exhibiting a growth rate of 11.6% CAGR during 2023-2028.
The global crowdfunding market is growing rapidly and offers lucrative growth opportunities to industry investors. This is due to extensive advertising campaigns, celebrity and social media influencer endorsements, and the increasing prevalence of chronic disorders among the masses, which are encouraging individuals to support the global population for a better future.
Additionally, the launch of mobile applications and websites for raising funds easily is also contributing to the growth of the market.
The global crowdfunding market was valued at USD 15.47 billion in 2021 and is expected to grow at a CAGR of 16.1% over the forecast period due to technological advancements, innovations in crowdfunding platforms, and the growing number of crowdfunding service providers.
This shows the potential for growth in the industry, as well as the potential for crowdfunding to become an increasingly popular way for startups to raise funds from investors. It also highlights the importance of technological advancements and innovations in crowdfunding platforms, as well as the need for more crowdfunding service providers to help startups to raise funds.
The transaction value of the Crowdfunding segment is projected to reach US$1.10bn in 2023 and is expected to grow at a CAGR of 2.46% to US$1.21bn by 2027.
The average funding per campaign is US$7.26k in 2023, with the highest transaction value in the United States. This provides an estimate of the market size and growth rate of the Crowdfunding segment, as well as the average funding per campaign. This information is important for investors and entrepreneurs to understand the potential of the Crowdfunding market and to make informed decisions.
The global crowdfunding market is expected to reach USD 28.2 billion by 2028, with a CAGR of 11.8% between 2022 and 2028.
This shows the potential growth of the industry, which is driven by the increase in small businesses and startups. This provides insight into the potential of crowdfunding as a viable source of funding for businesses.
The global crowdfunding market is expected to reach a value of $42.93 billion by 2028, growing at a CAGR of 16.40%.
It is estimated to generate over $300 billion by 2025, with donation-based crowdfunding being the most popular type of crowdfunding.
This shows the potential of the crowdfunding market and how it is growing in popularity. This information can be used to inform businesses and investors on the potential of crowdfunding and how to best capitalize on it.
Equity crowdfunding has grown exponentially in the past three years, raising over $400 million in 2020 and 2021 alone.
This shows the increasing popularity of crowdfunding as a viable way to raise capital, and the potential for even more growth with the SEC’s new regulations.
The number of COVID-19 reward-based crowdfunding campaigns in Europe increased significantly, with Japanese entrepreneurs raising almost USD 7,000 million last year, expected to rise to USD 10,000 million annually in a few years.
This shows the impact of the pandemic on reward-based crowdfunding, which has become an increasingly popular way to support causes and appeals. It also highlights the potential for growth in the crowdfunding sector, particularly in Japan, as more people turn to this form of fundraising.
Crowdfunding campaigns allow entrepreneurs to communicate with customers and gauge the success of a product before its launch, driving the crowdfunding market’s growth.
Crowdfunding is an effective way to interact with customers and get feedback on a product before it is launched, which can help entrepreneurs make decisions about their product and increase the success of their product launch.
Supplementary Statistics
In 2020, the crowdfunding industry was valued at around $10.2 billion.
Crowdfunding has become an increasingly popular way for people to raise money for their projects and causes. This statistic is a great indicator of the potential of crowdfunding and its ability to make a real impact in the world.
The global crowdfunding market is expected to reach $114 billion in revenue by 2021.
This is an important point to make in a blog post about Crowdfunding Statistics, as it demonstrates the potential of crowdfunding as a viable source of income for businesses and individuals alike.
Around 83% of companies who start a crowdfunding campaign ultimately reach their funding goals.
The vast majority of companies who take the plunge and launch a crowdfunding campaign are ultimately successful in reaching their funding goals. It is a powerful reminder that crowdfunding can be a viable option for businesses looking to raise capital.
Female entrepreneurs are 32% more likely to reach their crowdfunding goals than male entrepreneurs.
It highlights the fact that female entrepreneurs are not only capable of achieving their goals, but are also more likely to do so than their male counterparts. This statistic is a testament to the strength and resilience of female entrepreneurs and serves as an inspiration to other women looking to pursue their dreams through crowdfunding.
The average donation amount for crowdfunding projects is $88.
On average, people are willing to donate a significant amount of money to support a cause or project. This suggests that crowdfunding is a viable option for raising funds, and that people are willing to invest in projects they believe in.
North America is the largest crowdfunding market, followed by Asia and Europe.
North America is the leading region in terms of crowdfunding activity, followed by Asia and Europe. This information can be used to inform decisions about where to focus resources and efforts in order to maximize the potential of crowdfunding.
In 2017, 370,000 crowdfunding projects were launched across the globe, raising nearly $17.2 billion.
It is a clear indication of the potential of crowdfunding to make a real difference in the world. It is also a reminder of the importance of understanding the crowdfunding landscape and the trends that are driving it.
In 2020, the number of crowdfunding campaigns on GoFundMe reached over 70 million.
More and more people are turning to crowdfunding platforms like GoFundMe to raise money for their projects and causes. This is a clear indication that crowdfunding is becoming an increasingly popular way to raise money, and it is a trend that is likely to continue in the future.
Crowdfunding in China increased by a staggering 309% in 2016 alone to reach over $100 billion.
It is a clear indication that crowdfunding is becoming an increasingly popular and viable option for businesses and individuals in the country. This is an important development that should not be overlooked, as it could have a significant impact on the global economy.
Real estate crowdfunding is expected to be worth $300 billion by 2025.
This is a powerful indicator of the potential of crowdfunding to revolutionize the real estate industry, and it is a statistic that should be taken seriously by anyone interested in the field.
More than 50% of crowdfunding projects that reach 20% of their funding goals end up getting fully funded.
When a project reaches 20% of its funding goal, it has a strong chance of being fully funded. This is encouraging news for those looking to use crowdfunding as a way to finance their projects. It demonstrates that crowdfunding can be a viable option for those seeking to raise money for their projects.
Conclusion
Crowdfunding is a powerful tool for entrepreneurs, businesses, and nonprofits alike. It has been proven to be an effective way to raise funds, build relationships, and create awareness. With the right strategy, anyone can take advantage of the power of crowdfunding.
The statistics show that crowdfunding is growing in popularity and will continue to do so in the future. With the right approach, crowdfunding can be a great way to raise money and build relationships with potential customers and supporters.
References
1 – https://www.fundera.com/resources/crowdfunding-statistics#:~:text=The%20average%20pledge%20for%20all,more%20than%20those%20without%20videos.
2 – https://www.grandviewresearch.com/industry-analysis/crowdfunding-market-report#:~:text=The%20global%20crowdfunding%20market%20size,USD%205.53%20billion%20by%202030.
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7 – https://finance.yahoo.com/news/crowdfunding-market-reach-42-93-150700017.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACJ_EvkbSV393WyERMk1ihOcsWvMOaFIgFnPymUozk9q6A-MF6gwgb2nm-X53c0YGUtejdAcgWY3gC2HDsHNfpR6MDYjysxeMge9OYRksyjWZtJ9Dvydb9fcMcKIHUKu0vcwLYlfnIuqdivfzjgVyGd111zu2LQowgA44XWZiLjD
8 – https://www.forbes.com/sites/forbesagencycouncil/2021/12/20/the-meteoric-rise-of-equity-crowdfunding/
9 – https://www.mordorintelligence.com/industry-reports/crowdfunding-market
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11 – https://www.fundly.com
12 – https://www.ibisworld.com
13 – https://www.score.org
14 – https://www.pbs.org
15 – https://www.startupgrind.com
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18 – https://www.chanelrion.com
19 – https://www.gofundme.com
