Definition:
Reward-Based Crowdfunding is a financing form independent from financial institutions, location of the campaign creator or investor. Reward-Based Crowdfunding campaigns can be initiated for a wide range of different purposes such as product launches, art-, music- and film-financing, software development, scientifc research etc. Usually there is a financing goal defined by funding volume and time to reach this goal for every campaign. The campaign creator publishes engaging content (e.g. photos, videos, text) that explain the goal and motivation of the fundraising. Almost everyone can participate in reward-based crowdfunding campaigns as an investor. The only prerequisite is a valid payment account.Additional Information:
Key players in the reward-based crowdfunding campaigns are Kickstarter and Indiegogo.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
The Crowdfunding market in Argentina has been experiencing significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Argentina have played a key role in the development of the Crowdfunding market.
Argentinian consumers have shown a growing interest in supporting innovative projects and startups through crowdfunding platforms. This can be attributed to a desire to be part of the entrepreneurial ecosystem and contribute to the success of new ventures. Additionally, crowdfunding provides an opportunity for individuals to support causes and projects that align with their personal values and interests.
The ease of use and accessibility of crowdfunding platforms have also contributed to their popularity among Argentinian consumers. Trends in the market have also played a significant role in the development of the Crowdfunding market in Argentina. One notable trend is the rise of reward-based crowdfunding, where individuals contribute funds in exchange for a non-financial reward, such as a product or service.
This type of crowdfunding has gained traction in Argentina, as it allows entrepreneurs to validate their ideas and generate pre-sales before launching their products or services. Another trend is the emergence of equity-based crowdfunding, where individuals invest in startups in exchange for equity or shares. This trend has been facilitated by regulatory changes that have made it easier for startups to raise capital through crowdfunding in Argentina.
Local special circumstances have also contributed to the growth of the Crowdfunding market in Argentina. The country has a vibrant entrepreneurial ecosystem, with a high number of startups and innovative projects. However, access to traditional sources of funding, such as bank loans, can be challenging for these ventures.
Crowdfunding has emerged as an alternative source of financing for startups and entrepreneurs, allowing them to access capital and bring their ideas to life. Additionally, the Argentinian government has implemented policies and initiatives to support the development of the Crowdfunding market, further fueling its growth. Underlying macroeconomic factors have also played a role in the development of the Crowdfunding market in Argentina.
The country has experienced periods of economic instability and currency devaluation, which have made traditional sources of financing less attractive for entrepreneurs. Crowdfunding provides an alternative financing option that is not dependent on the stability of the local economy. Additionally, the growth of the Crowdfunding market in Argentina can be attributed to the increasing internet penetration and smartphone adoption in the country, which have made it easier for individuals to access crowdfunding platforms and contribute to projects.
In conclusion, the Crowdfunding market in Argentina has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The interest in supporting innovative projects, the rise of reward-based and equity-based crowdfunding, the vibrant entrepreneurial ecosystem, government support, and economic factors have all contributed to the development of the Crowdfunding market in Argentina.
Data coverage:
The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights