The global crowdfunding market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 17% during 2021-2026, according to the latest report by IMARC Group.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Crowdfunding constitutes of raising funds for a project, business, or charitable cause with small contributions from a large group of people. It utilizes various means for funding, including equity investment, P2P lending, reward-based, donation-based, and hybrid crowdfunding models.