The crowdfunding market is expected to grow by USD 196.36 billion during 2021-2025, expanding at a CAGR of over 15%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
Campaigns In Morocco
Projects in 2020
One of the major factors driving the global crowdfunding market is that it is used as a means of free promotion. It provides an opportunity to pre-sell a product and acts as a free-of-cost marketing tool. Campaigns are designed to communicate the mission and vision of the venture easily. With social media, an enterprise can promote an idea free of cost, which is likely to drive the global crowdfunding market during the forecast period. The increasing presence of crowdfunding campaigns in social media platforms such as Facebook, Twitter, WhatsApp, and Instagram have made it easier and convenient for people to share information and raise funds.