The growth of crowdfunding is unprecedented, and doesn’t show any signs of slowing down. Social causes had an incredibly strong showing having raised $3.06 billion in 2014. But the real surprise was the incredible grow that has been seen in the Asian and European markets.
“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.”
As this new way to fund projects continues to evolve we are seeing incredible creativity, and more diversity in every channel this new technology has been applied.
Check out the full story here at: http://crowdfundbeat.com/2015/03/28/report-global-crowdfunding-market-to-reach-34-4b-in-2015/
Purchase Massolutions full 2015 Crowdfunding Report Here: http://reports.crowdsourcing.org/?route=product/product&product_id=52
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