Global Fundraising Market Size To Worth USD 20.9 Billion by 2033 | CAGR of 3.65%
Category: Banking & FinancialGlobal Fundraising Market Size To Worth USD 20.9 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Fundraising Market Size is to Grow from USD 14.61 Billion in 2023 to USD 20.9 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.65% during the projected period.
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Browse key industry insights spread across 254 pages with 120 Market data tables and figures & charts from the report on the Global Fundraising Market Size, Share, and COVID-19 Impact Analysis, By Entity (Nonprofits, Corporate Foundations, Cause Marketing, Nonprofit Software), By Technique (Online Funding, Direct Funding, Event and Galas), By End-User (Non-Profit Organizations, Educational Institutes, Political Campaigns), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fundraising-market
Fundraising is collecting donations for various causes by individuals or groups, applicable to both for-profit and non-profit organizations. Fundraisers focus on supporting causes rather than traditional business ventures or benefiting investors. The campaigns are conducted by crowdfunding organizations. Fundraising drives address business needs, medical emergencies, women's empowerment, and education for the underprivileged. Non-profits raise funds for numerous social and religious activities.
Key drivers of the global fundraising market include increasing awareness and engagement in social causes due to access to information and social media, ease of launching campaigns on digital platforms and crowdfunding sites, advanced data analytics and AI for targeted donor outreach, economic growth in emerging markets increasing disposable incomes, favourable government policies, and tax incentives for donations. The global fundraising market might face challenges, including regulatory compliance issues, donor fatigue, fraud and mismanagement, and economic uncertainties reducing disposable incomes for charitable giving.
The nonprofits segment is anticipated to hold the greatest share of the global fundraising market during the projected timeframe.
Based on the entity, the global fundraising market is divided into nonprofits, corporate foundations, cause marketing, and nonprofit software. Among these, the nonprofits segment is anticipated to hold the greatest share of the global fundraising market during the projected timeframe. Nonprofit organizations appeal to a broad range of donors by working on diverse causes with established credibility and trust built over years of impactful service. Utilizing data analytics and donor management software, they optimize campaigns and benefit from favourable government policies and tax incentives. The ability to assemble volunteers and community resources further enhances their fundraising efforts, helping them achieve financial goals.
The online funding segment is anticipated to hold the greatest share of the global fundraising market during the projected timeframe.
Based on the technique, the global fundraising market is divided into online funding, direct funding, and events and galas. Among these, the online funding segment is anticipated to hold the greatest share of the global fundraising market during the projected timeframe. Online platforms offer global accessibility, breaking geographical barriers and reaching broader donor pools through social media and other tools. They benefit from lower operating costs and leverage technologies like digital marketing, AI, and data analytics for highly targeted, personalized campaigns, boosting engagement and effectiveness.
The educational institutes segment is anticipated to grow at the fastest pace in the global fundraising market during the projected timeframe.
Based on end-users, the global fundraising market is divided into non-profit organizations, educational institutes, and political campaigns. Among these, the educational institutes segment is anticipated to grow at the fastest pace in the global fundraising market during the projected timeframe. The growing demand for quality education and rising costs have led schools, colleges, and universities to rely on fundraising to bridge financial gaps. Alumni networks and digital fundraising platforms enhance their efforts by providing a larger donor base and streamlining donation processes.
North America is expected to hold the largest share of the global fundraising market over the forecast period.
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North America is expected to hold the largest share of the global fundraising market over the predicted timeframe. The region’s market is driven by the strong culture of philanthropy, tax benefits for donors, and several nonprofit organizations and corporate foundations. Advanced technological infrastructure in the U.S. and Canada enables efficient digital fundraising, while favourable regulatory environments and high disposable income levels further boost individual and corporate donations. Educational and healthcare institutions, among others, benefit from widespread support networks and professional fundraising firms.
Europe is expected to grow at the fastest pace in the global fundraising market during the forecast period. The region’s market is driven by the growing social entrepreneurship and impact investing trends, increased digitalization, supportive EU policies, crowdfunding platforms, and a strong emphasis on sustainability are driving charitable fundraising in Europe.
Major vendors in the Global Fundraising Market include Campbell & Company, CCS Fundraising, Graham – Pelton, Westfall Gold, Bentz Whaley Flessner, DNL OmniMedia, Ter Molen Watkins & Brandt, Big Duck, Heller Consulting, Addelson Philanthropic Solutions, Brian Lacy and Associates, Bristol Strategy Group, GiveGab, Thompson Habib Denison Inc, Averill Fundraising Solutions, and Others.
Recent Developments
- In April 2024, Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and a business of Marsh McLennan (NYSE: MMC), announced the successful fundraising for Mercer Private Investment Partners VII ("PIP VII") with the fund securing limited partner (LP) capital commitments totalling over USD $3.9 billion.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Fundraising Market based on the below-mentioned segments:
Global Fundraising Market, By Entity
- Nonprofits
- Corporate Foundations
- Cause Marketing
- Nonprofit Software
Global Fundraising Market, By Technique
- Online Funding
- Direct Funding
- Event and Galas
Global Fundraising Market, By End-User
- Non-Profit Organizations
- Educational Institutes
- Political Campaigns
Global Fundraising Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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