Global Crowdfunding Market Report gives an in-depth study of the major Crowdfunding Market leading players together with the company profiles and methods adopted by them.
Baner, Pune, India - January 16, 2019 /MarketersMedia/ —
About Global Crowdfunding Market:
Crowdfunding campaigns as avenues for crowdsourcing to drive market growth. In the traditional funding, marketing, and product launch processes, there was very little interaction with the customers before the product reached them. However, this is one of the advantages of crowdfunding campaigns, which enables entrepreneurs to interact with customers or even to gauge the success of the product before launch. Analysts have predicted that the crowdfunding market will register a CAGR of more than 17% by 2022.
Crowdfunding is the type of funding a project by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries.
For the detailed list of factors that will drive and challenge the growth of the crowdfunding market,
Global Crowdfunding Market: Overview
Global Crowdfunding Market Report (Page- 102) provides knowledgeable and in-depth study of the major Crowdfunding Market leading players together with the company profiles and methods adopted by them. This enables the customer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly.
Social media as a source of free of cost promotion
One of the major factors driving the global crowdfunding market is that it used as a means of free promotion. It provides an opportunity to pre-sell a product and also acts as a free of cost marketing tool. Therefore, an active crowdfunding campaign can go further than just acquiring the required funds.
Time consuming process
Crowdfunding is a process, which includes several stages involving product development, finding investors for initial investments to fund marketing expenses, product registration, and expenses related to making the product compliant to standards, if any. These pre-launch processes are time intensive for the entrepreneurs and often leads to delays in crowdfunding projects.
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Global Crowdfunding Market: Competitive Landscape
The market seems to be fragmented and with the presence of several companies including Patreon and Teespring the competitive environment is quite intense. Factors such as the social media as a source of free of cost promotion and the crowdfunding campaigns as avenues for crowdsourcing, will provide considerable growth opportunities to crowdfunding manufactures.
GoFundMe
Indiegogo
Kickstarter
Patreon
Teespring
are some of the major companies covered in this report?
Global Crowdfunding Market: Regional Coverage
Americas (US)
EMEA
APAC
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Global Crowdfunding Market: Scope
According to the report, one of the major drivers for this market is the social media as a source of free of cost promotion.
Further, the report states that one of the major factors hindering the growth of this market is the time-consuming process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Contact Info:
Name: Mr. Ajay More
Organization: Market Reports World
Address: Baner, Pune
Phone: +1 424 253 0807
Website: https://www.marketreportsworld.com
Source: MarketersMedia
Release ID: 471574
