The Global Status of the Crowdfunding Industry
Tania Ziegler (),
Rotem Shneor () and
Bryan Zheng Zhang ()
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Tania Ziegler: University of Cambridge
Rotem Shneor: University of Agder
Bryan Zheng Zhang: University of Cambridge
Chapter 3 in Advances in Crowdfunding, 2020, pp 43-61 from Springer
Abstract:
Abstract The chapter presents key international trends relating to crowdfunding market development, and also provides insights into the current research available attempting to explain such developments. Facts and figures from leading national and regional markets are presented in a comparative manner, with specific focus on the diversity of crowdfunding models, growth trajectories, and geographical variations. The chapter shows that crowdfunding is no longer a fringe activity but gradually moving mainstream with substantial volumes recorded nationally, regionally, and globally. Furthermore, we illustrate the dominance of crowd-lending models across regions, as well as their sub-model variations within regions. Overall, we demonstrate that the level of economic development, the appropriateness of regulation, as well as the advancement of IT infrastructure are all key determinants for the development of crowdfunding markets. Finally, we conclude with a discussion of some implications for research and practice.
Keywords: Crowdfunding market; Market growth; Crowdfunding models; Investment; Crowdfunding geography; Europe; Asia Pacific; America; Africa; Middle East; Economic development; Regulation; IT Infrastructure; Crowdlending; Equity crowdfunding; Reward crowdfunding; Donation crowdfunding (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46309-0_3
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DOI: 10.1007/978-3-030-46309-0_3
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