Key regions: Germany, Brazil, Australia, Israel, United States
The Crowdfunding market in Panama has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Panamanian customers have shown a growing interest in crowdfunding as a means to support innovative projects and startups. They are attracted to the idea of supporting local entrepreneurs and contributing to the development of new products and services. Additionally, crowdfunding offers individuals the opportunity to participate in projects that align with their personal interests and values, creating a sense of community and engagement.
Trends in the market: One notable trend in the Panamanian crowdfunding market is the rise of reward-based crowdfunding platforms. These platforms allow entrepreneurs to offer rewards or incentives to individuals who contribute to their projects. This model has gained popularity as it provides tangible benefits to backers while enabling entrepreneurs to raise funds and generate early customer interest. Moreover, equity crowdfunding has also been gaining traction in Panama, allowing individuals to invest in startups and potentially earn financial returns.
Local special circumstances: Panama's strategic location as a regional financial center and its strong entrepreneurial culture have contributed to the growth of the crowdfunding market. The country serves as a hub for international business and attracts a diverse range of entrepreneurs and investors. Additionally, Panama's relatively small population and close-knit business community create a conducive environment for crowdfunding campaigns to gain visibility and support.
Underlying macroeconomic factors: Several macroeconomic factors have played a role in the development of the crowdfunding market in Panama. The country has experienced sustained economic growth and a stable political environment, providing a favorable backdrop for entrepreneurial activities. Additionally, Panama's high internet penetration rate and increasing smartphone adoption have made it easier for individuals to access crowdfunding platforms and participate in campaigns. Furthermore, the government has implemented supportive policies and regulations to encourage innovation and entrepreneurship, further facilitating the growth of the crowdfunding market. In conclusion, the Crowdfunding market in Panama has been growing steadily due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The rise of reward-based and equity crowdfunding platforms, as well as Panama's strategic location and supportive environment, have contributed to the market's development. As the market continues to evolve, it is expected to play a significant role in supporting innovation and entrepreneurship in Panama.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
