Crowdfunding Market Grows 167% in 2014: Crowdfunding Platforms Raise $16.2 Billion, Finds Research Firm Massolution® Report Forecasts Total Global Crowdfunding to Reach $34.4 Billion in 2015, with North America Remaining the Largest Market and Asia, Outpacing Europe in 2014, in Second Place.
LOS ANGELES, California – March 31, 2015 – Crowdfunding is accelerating at an unprecedented rate and impacting government policy, informing enterprise innovation, and changing the role of financial institutions around the world.
Today, massolution®, a research firm specializing in the crowdsourcing and crowdfunding industries, released its annual 2015CF – Crowdfunding Industry Report. After collecting data on 1,250 active crowdfunding platforms (CFPs) worldwide and undertaking significant further research, the results reveal that CFPs raised $16.2 billion in 2014, a 167% increase over the $6.1 billion raised in 2013. North America still accounts for the largest market but 2014 saw Asia overtake Europe, by a small margin.
With exponential growth in Asia, Massolution forecasts this lead will increase significantly in 2015 with the delta between Asia and Europe increasing to over $4 Billion. We predict that Europe’s 20.1% of market share in 2014 will decline slightly in 2015 when Europe will account for 18.8% of the worldwide market.
Global crowdfunding experienced accelerated growth in 2014, expanding by 167 percent to reach $16.2 billion raised, up from $6.1 billion in 2013. In 2015, the industry is set to more than double once again, on its way to raising $34.4 billion.
These are the figures from Massolution’s highly anticipated 2015CF – Crowdfunding Industry Report, which was released today. Thanks to sponsors, the first 50 copies of the report can be purchased at half price with the code CFB50
The strong growth in 2014 was due in part to the rise of Asia as a major crowdfunding region. Asian crowdfunding volumes grew by 320 percent, to $3.4 billion raised. That puts the region slightly ahead of Europe ($3.26 billion) as the second-biggest region by crowdfunding volume. North America continued to lead the world in crowdfunding volumes, growing by 145 percent and raising a total of $9.46 billion.
The research team collected information on 1250 active crowdfunding platforms (CFPs) across the world, including high-quality data submitted by 463 CFPs to the Crowdfunding Industry Survey, before undertaking significant further research and analysis in order to reach its results.
While rewards- and equity-based campaigns typically get the most headlines, it’s lending-based crowdfunding that dominates the industry: in 2014, it raised $11.08 billion dollars.
Part of that, according to Massolution founder and CEO Carl Esposti, is explained by the strong growth of crowd-based lending in Asia: “Surprises materializing from this year’s research included the astounding growth in the P2P and P2B lending market in Asia, stemming largely from the Chinese market.”
This is the second major report Massolution, Crowdsourcing.org’s sister firm, released this month: just a few weeks ago, it published its 2015CF – RE Crowdfunding for Real Estate Report, which takes a close look at one of the hottest sectors of crowdfunding.
Business and entrepreneurship remained as the most popular crowdfunding category, collecting $6.7 billion in 2014, which represents 41.3 percent of total crowdfunding volume. Social causes ($3.06 billion), films and performing arts ($1.97), real estate ($1.01 billion), and music and recording arts ($736 million) rounded out the top five categories.
The report contains hundreds of insights that will be of use to anyone interested in crowdfunding and how it’s poised to grow in the coming years. In addition to the figures above, the report also contains data and analysis on:
- the market shares of top five and top ten crowdfunding platforms in North America and Europe,
- CFP leaderboards by region,
- growth in the number of and worldwide distribution of platforms,
- average deal size for each crowdfunding model,
- campaign success rates,
- the 15 major crowdfunding trends and developments,
- and much more!
You can purchase a licensed copy of the report here. Publication of the report was supported by lead research sponsors GoFundMe,Wealth Migrate, and DST Systems. Courtesy of our sponsors, 50 copies of the report are available at 50 percent off list price using coupon code
The first 50 copies of the report can be purchased at half price with the code CFB50
Journalists interested in a copy of the report can contact email@example.com.
TABLE OF CONTENTS
Introduction – Foreword i. Global Crowdfunding: Adoption, Evolution and Growth – Key Findings i. Worldwide Funding Volumes ii. Average Funded Campaign Size iii. Observations and Trends iv. Predictions – About this Research i. The 2015CF Crowdfunding Industry Report ii. The Research Team iii. About Massolution – Crowdfunding Defined i. Definitions ii. Overview and Taxonomy iii. Crowdfunding Models
Crowdfunding Market Growth and Composition – Introduction i. Market Analysis – Crowdfunding World Map: Funding Volume i. Total Funds Raised – Growth by Crowdfunding Model i. Funding Volume Distribution by Model – Growth by Crowdfunding Region i. Funding Volume Distribution by Region – Campaign Statistics i. Average Campaign Size ii. Funding Probability iii. Pledged vs. Paid Out Ratio – Most Active Categories i. Top Performers – Funding Concentration i. Global market share of leading CFPs ii. Regional Market Share of Top 5 and Top 10 CFPs iii. Leaderboards: By Region, By Model – Crowdfunding Platform Distribution i. Growth in number of CFPs worldwide ii. CFP World Map iii. CFP Distribution by Model
Crowdfunding Market Predictions 2015 – Market Growth and Composition i. Predictions: Regions ii. Predictions: Crowdfunding Models
Observations and Trends – Prognostications i. An Evolving Landscape