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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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Zum Celebrates Its Drivers Nationwide As Back-to-School Season Gets Underway

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Drivers in Fresno, Rockford and other cities share why they’re excited about the 2026–27 school year

REDWOOD CITY, Calif., Sept. 2, 2026 /PRNewswire/ — Zūm, a leader in student mobility, is kicking off the 2026–27 school year by spotlighting its drivers across the country dedicated to delivering reliable, transparent and efficient service for students, families and schools.

“As students return to school, we are proud of our amazing teams of drivers who are helping provide access to education for children and peace of mind for families each day,” said Ritu Narayan, Founder and CEO of Zum. “Drivers are the heart of our operation and often the first smiling face a child sees. They understand the importance of their work and we believe ours have a positive influence on the students they serve.”

Zum supports more than 6,500 schools across 19 states. This year, Zum welcomed several new school district partners, including Fresno Unified School District (CA), School District of Philadelphia (PA), Shawnee Mission School District (KS) and Rockford Public Schools (IL).

A few Zum drivers share why they enjoy working with students and families:

“I drive special needs students: elementary, middle and high school. The parents are great; they need a lot of help, and we provide it with door-to-door service. The training was excellent, and I work with a monitor who has been doing this for about 10 years, so I’ve learned a lot from him. Everything’s been inspiring—and at the end of the day, you feel good about yourself, because you’re helping all these kids.”
— Zum driver Chester Herbert (Rockford, IL)

“I like the atmosphere of the job: the co-workers, the staff, the children, the overall experience of delivering the kids every day to school safely. I also like the responsibility of it. I’ve definitely gotten to know some of the kids and have been building little bonds with them. I like driving and being a good part of the community.”
— Zum driver Antoine Robinson (Oakland, CA)

“I raised five kids and have 14 grandkids, so I’m always surrounded by children. I like greeting the kids in the morning and talking to them: ‘What did you do last night?’ ‘What did you have for dinner?’ They’ll tell me about Grandma and Grandpa, or Mom and Dad … At Zum, there’s a bunch of drivers, and we’re all a team, helping each other. Everybody’s dedicated to doing their job the best they can.”
— Zum driver Grace Maher (Fresno, CA)

“My job is so fulfilling. My first ‘Oh, wow!’ was the technology; my tablet tells me exactly where to go. Also, the buses are very important: We have brand new buses, EV buses, buses that have AC. I am a people person, and to make (the students) feel good, I try to know every single kid by name. You make them feel valuable, like you care. Then we start having conversations, and they are at peace when they see me.”
— Zum driver Pascale Dalle (Oakland and Redwood City, CA)

“This is my first year driving a school bus. I have six kids at home, so now I’m home early enough to spend more time with them. In this job, you’re working with kids. You have to be patient. Even my wife was like, ‘Oh, that would be perfect for you.’ I love going to work and the people I work around, and I love being able to be home on the weekends with my family.”
— Zum driver Juan Santillan (Fresno, CA)

At Zum, drivers benefit from modern facilities, digital tools, real-time communication, and technology that simplifies daily operations, allowing them to focus on what matters most: serving students safely and reliably.

“Zum has a driver-first approach to student mobility, and our drivers understand the essential role they play in families’ lives,” said Liz Sanchez, Executive Vice President of Student Mobility at Zum. “In the weeks and months leading up to the start of the school year, our drivers have been busy training and preparing so they’ll be ready for the first day.”

Zum is helping school districts improve reliability, strengthen communication with families and modernize one of the nation’s largest public mobility systems through its AI-powered Connected Mobility Experience (CMX™) platform. To learn more about how Zum is redefining student mobility, visit www.ridezum.com.

About Zum

Zum is redefining mass mobility with Zum CMX, which connects and coordinates people, vehicles, and operations in real time. In the student mobility market, Zum is addressing a daily source of anxiety and disruption by providing a reliable, transparent, and efficient mobility experience for students and families. Learn more at www.ridezum.com. Today, more than 6,500 schools in 19 states have relied on the Zum CMX system.

Media Contact

Jenny Mayfield
VP, Communications, Zum
press@ridezum.com

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SOURCE Zūm

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UNISORB Welcomes BILZ-USA to Expand Engineering and Product Solutions

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UNISORB Named Sole North American Distributor for BILZ

MICHIGAN CENTER, Mich., Sept. 2, 2026 /PRNewswire/ — UNISORB Installation Solutions, a global provider of machine mounting, vibration isolation, and precision leveling solutions headquartered in Michigan Center, Mich., today announced it has acquired BILZ-USA, effective August 30, 2026, making UNISORB the exclusive distributor of BILZ products across North America. The transition expands UNISORB’s engineering support and on-site project management capabilities for industrial customers seeking precision vibration isolation and leveling solutions. Full product and service details are available at www.UNISORB.com.

UNISORB is now the exclusive North American distributor of BILZ products.

“BILZ’s leveling and isolation technology closes a gap in our product line at the high-precision end of the market,” said John Hornberger, Chief Executive Officer of UNISORB. “Combining our installation and project management teams with BILZ’s engineering staff means customers get one point of contact for a project that used to require two vendors.”

What This Means for Customers

Decades of combined expertise. BILZ’s engineering staff join UNISORB’s engineering and project management teams, giving customers a single technical team backed by decades of hands-on experience in vibration isolation, leveling, and precision installation.A broader, unified product line. UNISORB’s lineup now spans BILZ’s full catalog, from basic leveling mounts to active isolation systems, alongside UNISORB’s existing machine mounting and installation solutions, giving customers access to a significantly wider range of solutions from a single source.More capability for BILZ customers. Longtime BILZ customers now gain direct access to UNISORB’s full engineering, manufacturing, and on-site project management resources; capabilities not previously available through BILZ alone.A unified approach to installation. Customers receive continuous support from initial site survey through final leveling and installation, managed by one team rather than coordinated separately across two vendors.Centralized North American distribution. Distribution from Michigan Center will consolidate logistics for customers ordering across North America as the transition is completed.One point of contact. BILZ orders will transition to being placed directly through UNISORB in the coming weeks, moving away from what was previously a two-vendor process for combined leveling and isolation projects.

About UNISORB

UNISORB Installation Solutions, headquartered in Michigan Center, Michigan, is a global provider of machine mounting, vibration isolation, and precision equipment leveling solutions for manufacturers across a range of industrial sectors. More information is available at www.UNISORB.com.

Media Contact

John Hornberger

Chief Executive Officer, UNISORB

jhornberger@unisorb.com

Tim Spahr 
Vice President – Sales & Marketing
tspahr@unisorb.com

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SOURCE UNISORB Installation Solutions

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Eliminate costly enclosures: ABB debuts IP66/Type 4X Drives for Australia’s harshest industrial environments

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New ACS580, ACH580 and ACQ580 IP66/Type 4X drives support food and beverage, HVACR, manufacturing, and water and wastewater applications exposed to harsh environmental conditions.

MELBOURNE, Australia, Sept. 3, 2026 /PRNewswire/ — ABB has introduced ACS580, ACH580 and ACQ580 drives with IP66/Type 4X protection, extending the range of motor control solutions available for applications operating in demanding environmental conditions. The new drives are designed for installations where motor control equipment may be exposed to dust, water, humidity, outdoor weather and other harsh conditions, providing greater flexibility when considering drive selection, installation design and equipment location.

Tailored for different industry requirements

The three drive families are designed to address the specific requirements of different industries and applications:

ACS580 IP66/Type 4X drives are designed for demanding food and beverage environments, supporting motor-driven applications including pumps, fans, compressors, mixers and conveyors operating across wet, washdown, indoor and outdoor production environments.ACH580 IP66/Type 4X drives are designed specifically for HVACR applications, supporting equipment operating in exposed and outdoor locations, including rooftop air handling units, cooling towers, exterior exhaust fans, outdoor pump skids and outdoor chiller units.ACQ580 IP66/Type 4X drives are designed for water and wastewater environments, supporting a broad range of applications including clarifiers, surface aerators, screens, flocculators, dosing systems, activated sludge pumps, lift stations and booster stations.

Many Australian facilities operate in environments that present challenging conditions for installed electrical equipment. The IP66/Type 4X design provides greater flexibility to locate drives closer to the application, where appropriate for the installation.

By reducing the need for additional protective enclosures or dedicated electrical rooms and enabling shorter motor cable runs, this approach can reduce site installation costs and complexity. It can also support faster installation and commissioning and a smaller overall system footprint.

The drives incorporate a range of built-in features designed to support installation, operation and integration, including coated circuit boards, integrated EMC C2 filtering, a built-in DC choke for harmonic mitigation, and Safe Torque Off (STO). The design also provides option slots for additional I/O and fieldbus communications, enabling the drives to be configured for different application requirements.

Optional Bluetooth-enabled control panels further support commissioning and interaction with the drives. When used with ABB’s Drivetune mobile application, Bluetooth connectivity provides a convenient way to access and work with drive settings. ABB’s drive software and connectivity tools can also support commissioning and diagnostic activities.

ABB is also highlighting the importance of distinguishing ingress protection ratings from other environmental performance characteristics when selecting equipment for demanding applications.

In Australia, an IP66 rating relates specifically to the enclosure’s protection against the ingress of dust and water, in accordance with AS/NZS 60529 and IEC 60529. The first digit, 6, denotes a dust-tight enclosure, while the second 6 denotes protection against powerful water jets.

Environmental characteristics such as UV, corrosion and chemical resistance should therefore be considered separately from the IP66 classification and assessed against the specifications and testing applicable to the individual product. This distinction is particularly relevant for equipment installed in outdoor, coastal, washdown or chemically exposed environments. ABB, for example, separately identifies corrosion, UV and chemical-resistance characteristics for its ACS580 IP66/Type 4X drive rather than treating these as properties conferred by the IP66 rating itself.

The ACS580, ACH580 and ACQ580 IP66/Type 4X drive range is available in power ratings from 5.5 kW to 22 kW, providing a solution for applications where protection against dust ingress and water exposure is an important consideration in the selection, installation and operation of variable speed drives.

Learn more: https://www.youtube.com/watch?v=9nCWb7g-MGI

About ABB
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries.

ABB Drives is a global technology leader serving industries, infrastructure and machine builders with world-class variable speed drives, drive systems and packages. We help our customers, partners and equipment manufacturers to improve energy efficiency, asset reliability, productivity, safety and performance.

Media Contact:
Natalie Landrito
Marketing and Communications Manager
contact.centre@au.abb.com

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