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Crowdfunding Market size is set to grow by USD 310.07 billion from 2024-2028, Increasing use of social media as a source of free-of-cost promotion to boost the market growth, Technavio

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NEW YORK, May 31, 2024 /PRNewswire/ — The global crowdfunding market size is estimated to grow by USD 310.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.94% during the forecast period.

For more insights on the forecast market size and historic data (2018 – 2022) – Download Free sample report in minutes

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (P2P lending, Equity investment, Hybrid, Reward, and Others ), Deployment (On-premise and Cloud ), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Chuffed.org Pty Ltd., Companisto GmbH, ConnectionPoint Systems Inc., Crowdcube Ltd., Crowdera Inc, Crowdfunder Ltd., DonorsChoose, FUELADREAM Online Ventures Pvt. Ltd., Fundable LLC, Fundly Inc., GGF Global Ltd., GoFundMe Inc., Indiegogo Inc., Ioby Inc., Ketto Online Ventures Pvt. Ltd., Kickstarter PBC, Kiva Microfunds, OPENDEAL INC., Patreon Inc., and Wishberry Online Services Pvt. Ltd.

Key Market Trends Fueling Growth

Crowdfunding campaigns offer unique advantages for entrepreneurs and product developers. Unlike traditional methods, crowdfunding enables interaction with customers and gauging product interest before launch. This continuous engagement helps enhance value propositions and assess project prospects. By utilizing crowdsourcing through crowdfunding, the global market for this service will experience significant growth during the forecast period.

The crowdfunding market is currently experiencing significant growth, with various projects and initiatives seeking funding through this innovative financing method. According to recent data, sectors like technology, art, and social causes are popular categories in this market. Crowdfunding platforms provide a simple and effective way for businesses and individuals to raise funds for their projects.

In 2022, the use of video presentations and social media marketing have become essential tools for successful campaigns. Additionally, the trend towards sustainable and socially responsible projects continues to gain momentum. Overall, the crowdfunding market offers a dynamic and accessible avenue for entrepreneurs and creatives to bring their ideas to life.

Market Challenges

The crowdfunding market involves intricate stages such as product development, securing initial investments, product registration, and compliance with standards. Entrepreneurs face time-consuming pre-launch processes, which can lead to project delays and customer withdrawal. These delays negatively impact investor confidence, potentially hindering the growth of the global crowdfunding market.In the bustling world of business, crowdfunding has emerged as a popular method for entrepreneurs and innovators to secure financing for their projects. However, this market is not without its challenges. Funding campaigns require strategic planning and effective communication to capture the attention of potential investors. The competition is fierce, with numerous projects vying for funding.Additionally, regulatory compliance and transparency are crucial to build trust and credibility. Furthermore, the success of a campaign heavily relies on the quality of the pitch, marketing efforts, and community engagement. Despite these challenges, the potential rewards of a successful crowdfunding campaign can be significant, making it an attractive option for businesses seeking alternative funding sources.

Research report provides comprehensive data on impact of trend, driver and challenges – Download Free sample report in minutes

Segment Overview

Type1.1 P2P lending1.2 Equity investment1.3 Hybrid1.4 Reward1.5 OthersDeployment2.1 On-premise2.2 CloudGeography3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 P2P lending- The Peer-to-Peer (P2P) lending segment in the crowdfunding market enables individuals to borrow funds directly from lenders without intermediaries. Factors fueling growth include quicker access to funds through loan liquidation, online financing for small investments, and tax benefits. Businesses with a solid plan and two-year experience can secure loans. Government initiatives support growth, but the number of participants and project experience may hinder progress. P2P lending primarily caters to small loans, limiting its application for large amounts.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The crowdfunding market is a dynamic and evolving ecosystem that brings together entrepreneurs, businessmen, creators, filmmakers, musicians, artists, and the public, providing them with a platform to seek support, funding, and recognition. This supportive community includes fundraisers, online platforms, artificial intelligence, and machine learning, which facilitate the crowdfunding process through various crowdfunding services and sites.

Startup companies and investors also play crucial roles in this market, utilizing social media platforms and government efforts to reach a global audience and influence donor decisions. Variables such as marketing strategies and social networking sites further impact the success of a campaign. Donors, charities, and equity crowdfunding are integral parts of this market, enabling individuals and organizations to make a difference and contribute to innovative projects and causes.

Market Research Overview

The Crowdfunding Market refers to the pooling of funds from a large number of individuals or organizations, typically via the internet, to finance a project or business venture. This alternative financing method has gained significant traction in recent years due to its accessibility and ability to bypass traditional funding sources. The process involves setting up a campaign on a crowdfunding platform, outlining the project or business, and soliciting pledges or investments from the public in exchange for rewards or equity.

Key elements include project validation, risk assessment, and effective communication to potential investors. The market caters to various sectors, including technology, arts, social causes, and entrepreneurship. It offers numerous benefits, such as lower transaction costs, increased exposure, and the ability to reach a global audience. However, it also presents challenges, such as competition for funding, regulatory compliance, and ensuring investor protection.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeP2P LendingEquity InvestmentHybridRewardOthersDeploymentOn-premiseCloudGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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Second Opinion Expert Announces Filing of U.S. Patent for Method of Generating Medical Opinions Using Artificial Intelligence

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Patent leverages AI technology to improve patient outcomes and reduce cost of care

DANA POINT, Calif., Dec. 22, 2024 /PRNewswire-PRWeb/ — SecondOpinionExpert, Inc. (SOE), a leading healthcare technology company, announced today that it has filed patent application 133902-0002UT01 with the United States Patent and Trademark Office entitled “Method and Apparatus for Generating Automated Medical Opinions Using Artificial Intelligence.” The patent covers the company’s proprietary system that communicates a medical opinion to a user based on a trained model that uses artificial intelligence (AI) or machine learning (ML).

“In the near future, we’ll launch our free app, enabling users to access high-quality medical opinions. This innovative app empowers individuals with insightful medical guidance that improves health and saves lives,” said Steve Krause, President of SecondOpinionExpert, Inc.”

Medical second opinions have traditionally been obtained by seeking out another healthcare professional who reviews the patient’s medical records, diagnoses, and tests. However, the rapidly increasing complexity of medical information, the demand for faster turnaround times, and the limitations of human expert availability have created a need for automated systems that utilize AI to generate both first and second medical opinions.

Artificial intelligence has made significant strides in medical diagnostics, including image recognition, predictive modeling, and natural language processing (NLP). These advancements present an opportunity to augment traditional second opinion systems by automatically processing patient medical records, diagnostic tests, and clinical data to generate high-quality first and second medical opinions.

SecondOpinionExpert’s technology increases the quality and efficiency of healthcare delivery, improves healthcare access and empowers doctors and patients to make better informed medical decisions. The HIPAA-compliant patented platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems enabling the company to provide fast, reliable and secure online medical opinions. The system provides patients greater peace of mind by leveraging the power of AI and ML.

“Our patent-pending AI enabled technology platform provides a cost-effective choice that improves patient care,” said Steve Krause, President, SecondOpinionExpert, Inc. “In the near future, we look forward to launching our user-friendly app that will be initially free of charge. People using our platform will be able to quickly obtain high quality medical opinions while avoiding unnecessary travel time and expense, knowing that they will be getting insightful medical guidance that improves health and saves lives.”

About SecondOpinionExpert

SOE’s mission is to provide innovative medical technology solutions to improve healthcare while reducing costs.

Our patented HIPAA-compliant platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems, enabling the company to provide fast, reliable and secure online medical opinions to inform both diagnosis and treatment planning. We empower patients, providers and payors to work together to make the best possible medical decisions, leading to better health outcomes and greater peace of mind for patients. SOE’s panel of 400+ board-certified medical specialists are available to render expert opinions informed as needed by AI and genomics.

SOE also owns and/or manages a rapidly growing network of facilities for post-acute care and substance treatment. Our proprietary platform for Electronic Medical Records (EMR) empowers best practices in administration and medical services.

Our proprietary TeleMedics Mobile Platform empowers and chronicles on-site visits from qualified medics or nurses. Mobile staff provide the human connection, capturing vitals and doing diagnostics and therapeutics, with the patient’s doctor participating as needed through live video. We work with our affiliate Intra Care, Inc. to provide superior home health and hospice care. We provide Remote Patient Monitoring (RPM) delivered through a strategic relationship with KangarooHealth, in-home respirators delivered and monitored by SOE affiliate Momentum Equipment and Pandemic Response through our MaxVax solution.

Additional information can be found at SOE.CARE

Media Contact

Jay Kilberg, Second Opinion Expert, Inc., 1 917.543.6285, jay.kilberg@soe.care, https://soe.care

Facebook, LinkedIn

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SOURCE Second Opinion Expert, Inc.

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The 6th “My China Story” International Short Video Competition Award Ceremony Held in Harbin

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HARBIN, China, Dec. 22, 2024 /PRNewswire/ — The 6th “My China Story” International Short Video Competition Award Ceremony was held in Harbin, northeast China’s Heilongjiang Province on December 19, 2024.

Du Zhanyuan, member of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference and president of China International Communications Group, and He Liangjun, member of the Standing Committee of the Heilongjiang Provincial Committee of the Communist Party of China (CPC) and director of the Publicity Department of the CPC Heilongjiang Provincial Committee, addressed the ceremony respectively. Lan Feng, member of the Standing Committee of the CPC Harbin Municipal Committee and director of the Publicity Department of the CPC Harbin Municipal Committee, attended the event. The ceremony was also attended by 300 other people from home and abroad, including Chinese and international video creators, experts, judges, and representatives from the publicity departments at different levels across the country, as well as representatives from various corporations.

For this year, the competition received a total of 59,559 videos from more than 130 countries and regions around the globe. After three rounds of strict comparison and appraisal by more than 30 professional Chinese and international judges from the fields of media, film and television, Internet, and international communication, 112 pieces of all videos finally won awards in different categories.

Heilongjiang, the northernmost and easternmost province of China, boasts a long history and rich culture. Harbin, the capital city of Heilongjiang Province, is famous for its local culture, music, art and architecture of Chinese and Western integrated styles as well as its openness and inclusiveness, making the city a unique source of inspiration to tell China stories to the world.

Under the theme of “Heaven of Ice and Snow, City of Charm and Vigor”, this year’s competition highlights the feature of the host city Harbin, attracting a lot of participants to make videos surrounding the topic. From the perspective of international creators, these short videos together present a dynamic Harbin and a charming Heilongjiang, as well as show a real China to the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-6th-my-china-story-international-short-video-competition-award-ceremony-held-in-harbin-302337936.html

SOURCE “My China Story” International Short Video Competition Organizing Committee

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