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Reward-Based Crowdfunding - BRICS

BRICS

The Reward-Based Crowdfunding market in BRICS is expected to reach a total transaction value of 0.00 by 2024.
When compared globally, the 0 leads with a projected transaction value of 0 in 2024.
Brazil's Crowdfunding market is gaining momentum, offering diverse investment opportunities and supporting small businesses in their capital-raising endeavors.

Key regions: Germany, Brazil, Australia, Israel, United States

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Analyst Opinion

The Crowdfunding market in BRICS is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Crowdfunding market in BRICS are evolving, as individuals and businesses increasingly turn to alternative funding sources.

Crowdfunding offers a unique opportunity for individuals to support projects and causes they believe in, while also providing a platform for entrepreneurs to raise capital for their ventures. The ease of use and accessibility of crowdfunding platforms have attracted a wide range of customers, from tech-savvy millennials to established businesses looking for innovative ways to fund their projects. Trends in the market are also contributing to the growth of Crowdfunding in BRICS.

One notable trend is the rise of reward-based crowdfunding, where backers receive non-financial rewards in exchange for their contributions. This model has gained popularity as it allows individuals to support projects they are passionate about and receive exclusive perks or experiences in return. Additionally, equity-based crowdfunding is gaining traction, as investors seek opportunities to invest in early-stage startups and potentially earn a return on their investment.

Local special circumstances in each BRICS country are shaping the development of the Crowdfunding market. In Brazil, for example, the government has implemented regulations to promote crowdfunding as a means of fostering innovation and entrepreneurship. In Russia, crowdfunding platforms have emerged as a way for individuals to support social causes and charitable initiatives.

In India, crowdfunding has become a popular way for individuals to raise funds for medical treatments and emergencies. Underlying macroeconomic factors are also driving the growth of the Crowdfunding market in BRICS. In countries like Brazil and India, where access to traditional financing options may be limited, crowdfunding provides an alternative source of capital for individuals and businesses.

Additionally, the increasing penetration of internet and smartphone usage in BRICS countries has made it easier for individuals to participate in crowdfunding campaigns and contribute to projects they believe in. In conclusion, the Crowdfunding market in BRICS is experiencing significant growth and development due to evolving customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As individuals and businesses continue to seek alternative funding sources, crowdfunding platforms are likely to play an increasingly important role in the financial landscape of BRICS countries.

Methodology

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.