The Online Crowdfunding Platform Market Report gives a clear idea about the competitive landscape and offers unique insights of the businesses by providing detailed data about significant strategies to get customers rapidly. Online crowdfunding platform market was estimated to be US$ 456.51 Mn in 2019 and is expected to reach US$ +752.56 Mn by 2029 growing at a CAGR of +5.2% over the Forecast Period with Increasing Adoption of Equity Crowdfunding, says Absolute Markets Insights. To get a clear idea about ups-downs of the businesses some significant case studies have been included in terms of statistical data. Additionally, it offers informative data on recent trends, tools, methods and technologies that are driving the growth of the market. Different approaches have been used to analyze the different restraining factors in front of the businesses.
The Key Participants in the Online Crowdfunding Platform System Market: Birchal Financial Services Pty Ltd, Blackbaud, Inc., Chuffed.org Pty Ltd, Crowd88, Crowdcube Capital Ltd, Crowdfunder.com. (RocketHub), CROWDFUNDING.COM.AU Pty Ltd.
Access the Full Report @ https://www.absolutemarketsinsights.com/reports/Australia-Online-Crowdfunding-Platform-Market-2019-2027-348
The detailed research study provides qualitative and quantitative analysis of Australia Online Crowdfunding Platform Market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major states. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major states across Australia.
The proliferation of internet and smart devices has brought numerous users online. Crowdfunding sites are now able to market their platform through the means of social media. The ease with which information can be accessed allows new as well as hobby-investors to make minuscule investments. The idea of crowdfunding has a long history with several roots. Books and clothes have been donated for centuries. With the advancement in technology, crowdfunding became a useful methodology for many entities. The internet has upgraded the funding channels with better accessibility and usage. For instance, in 1997, fans organized an entire United States tour for the British rock band Marillion, raising 60,000 dollars in donations utilizing a fan-based Internet campaign.
On the other hand, organizations are using the crowdfunding platform to raise funds for their operation and expansion of their business. Many of the Government agencies across the globe, have been supporting crowdfunding agencies to proficiently support creativity and innovation. For instance, in Australia, Equity and Debt-based crowdfunding are regulated by the Australian Securities and Investment Commission (ASIC), and these factors are propelling the online crowdfunding platform market in Australia.
Equity-based crowdfunding has been the ace in the online crowdfunding platform market, as it gives individuals partial ownership of the company in addition to sharing profits made by the company. The advent of equity crowdfunding is generating opportunities for both SMEs and startups to tap into their networks and customers. In Australia, equity crowd funding is available for companies that have an annual turnover or gross assets of $25 million or less. In 2018, ASIC issued the Australian Financial Services (AFS) license to seven companies as a part of the new crowd-sourced equity funding regime. This has enabled businesses in Australia to raise capital by offering shares via online platforms operated by these intermediaries.
Online Crowdfunding Platform Market
By Type
- Equity Crowdfunding
- Donation Crowdfunding
- Debt Crowdfunding
- Royalty Crowdfunding
By End Users
- Individuals
- Communities
- Enterprises
By States
- Queensland
- Victoria
- New South wales
- Rest of Australia
Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
Website: https://www.absolutemarketsinsights.com