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Crowdfunding Global Market Report 2023: Technology Innovation in Crowdfunding Platforms Drives Growth

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Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) — The “Crowdfunding Market Share, Size, Trends, Industry Analysis Report, By Type (Equity-based, Debt-based, and Others); By Application; By Region; Segment Forecast, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global crowdfunding market size is expected to reach USD 59.36 billion by 2030, according to a new study by the publisher. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing adoption of innovative technologies, including blockchain, artificial intelligence, and machine learning by various crowdfunding platforms around the world and the extensive rise in the number of users of social media platforms such as Facebook, Instagram, and Twitter are major factors expected to boost the growth of the global market throughout the forecast period.

Moreover, increasing efforts by crowdfunding service providers to help startup companies raise funds from investors without the need to navigate complicated banking procedures are likely another key factor propelling the market’s growth over the coming years.

For instance, in November 2022, Fundnel, introduced it’s new, refreshed brand Alta, in Malaysia. With this launch, the company will be able to support the tokenization of alternative assets, developing an end-to-end solution that makes it cheaper and even faster to trade securities, real estate, luxury assets, and funds.

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In recent years, raising funds and capital for various smaller projects with the help of crowdfunding on social media platforms, especially for companies in the pre-profit-making stage, is gaining huge popularity and is expected to positively impact the adoption of these fundraising solutions in the near future. The social media platforms act like a free promotion resource for crowdfunding organizations, which helps them easily reach global audiences, creating high growth opportunities for the market.

For instance, according to this report’s findings, nearly USD 17.2 billion is generated yearly through crowdfunding platforms in North America, with a significant rise every year. Also, nearly 6,455,080 crowdfunding campaigns happened in the year 2020, and it is estimated that the number would reach about 12,064,870 by 2023, and the average amount raised by successful campaigns was USD 28,656.

Market Dynamics

Drivers and Opportunities

  • Technology Innovation in Crowdfunding Platforms
  • Rising Usage of Social Media Platforms for Fundraising

Restraints and Challenges

  • Lack of Regulatory Framework

Crowdfunding Market Report Highlights

  • Debt-based segment accounted for significant revenue share in 2021 and likely to maintain its position over the forecast period due to growing adoption of these solutions by startup companies to raise fund quickly
  • Food & beverages segment held the significant market share owing to a rapid growth in the number of startup companies along with high implementation of various fundraising programs
  • North America dominated the global market in 2021 with a healthy market share on account of continuously growing internet users and increasing penetration of internet facilities coupled with the high prevalence of innovative technologies such as AI, blockchain, and machine learning

The publisher has segmented the crowdfunding market report based on type, application, and region:
Crowdfunding, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Equity-based
  • Debt-based
  • Others

Crowdfunding, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Food & Beverage
  • Technology
  • Media
  • Healthcare
  • Real Estate
  • Others

Crowdfunding, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Report Attribute Details
No. of Pages 119
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $17.95 Billion
Forecasted Market Value (USD) by 2030 $59.36 Billion
Compound Annual Growth Rate 16.1%
Regions Covered Global

Companies Mentioned

  • Kickstarter PBC
  • SeedInvest Technology LLC
  • RM Technologies LLC
  • Fundly
  • Indiegogo Inc.
  • Crowdcube Limited
  • Gofundme Inc.
  • Crowdfunder Inc.
  • Suning.com Co. Ltd.
  • Jingdong Inc.
  • Owners Circle
  • Alibaba Group Holding Limited
  • Patreon
  • Wefunder Inc.
  • Realcrowd Inc.
  • Nav technologies Inc.
  • Thunder Fund
  • Pozible Pty Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/s0k5oy

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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World Top-Performing Incubator Conference 2024 Held in Lingang Shanghai, China

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SHANGHAI, Oct. 1 2024 /PRNewswire/ — The World Top-Performing Incubator Conference 2024 (WTIF 2024), one of the series activities of Pujiang Innovation Forum, themed “Boundless Innovation, Collaborative Synergy”, was held in Lin-gang Special Area, Shanghai from September 26th to 28th, 2024.

During the opening ceremony, Zhao Chaofan, Director General, the Department of Science and Technology, Ministry of Industry and Information Technology (MIIT), Wang Dehua, Director of Incubation System Construction Division of Torch High Technology Industry Development Center Ministry of Science and Technology, Zhai Jinguo, Deputy Director of the Science and Technology Commission of Shanghai Municipality, and Peng Shiquan, Deputy Director of Lin-gang Special Area Management Committee attended and delivered welcome speeches. Li Youping, Deputy Director of the Torch Technology Industry Development Center, MIIT, Chen Xin, Vice President of Shanghai Association for Science and Technology, Sun Meng, Vice President of Shanghai Lingang Economic Development, and Huang Lihong, Director of Shanghai Technology Innovation Center, collectively launched WTIF 2024.
DMZ, The Drivery GmbH, London & Partners, UtrechtInc Startup Incubator, ITU Çekirdek Incubation Center,Startups House, 22 On Sloane, Caohejing Humanoid Robots Innovation Incubator, G60 Satellite Internet Incubator, Lingang Pujiang Entrepreneurship and Innovation Park, Lingang Medical Device Innovation Center and HCH Ventures officially joined “International Innovation Synergy and Incubation Alliance”.
Joint incubation contracts have been signed by several top-tier incubators: Startups House and Step Innovation, Peking University International S&T Innovation Center at Lingang and Lingang Science and Technology Investment, ITU Çekirdek Incubation Center and Shanghai Lingang United Development, 22 on Sloane and Lingang Pujiang Entrepreneurship and Innovation Park, USP Innovation Agency and Shanghai Pudong Software Park Incubator. Several letters of intent for project implementation have been signed, covering Nine Dimension Turing Technology and Caohejing Hi-Tech Park, Beijing Haibaichuan Technology and Shanghai Lingang United Development, and Paragraf Ltd and Shanghai Lingang Economic Development Group Technology Investment.
During the keynote speech, Dr. Frederico Lourenco, Vice President of Portfolio Strategy and Operations, Flagship Pioneering, and Prof. Kwang-Geun (James) Lee, Chairman of Asian Association of Business Incubation (AABI) delivered thematic sharing. Mi Lei, Founding Partner of CASSTAR, had in-depth dialogue with Tian Mochen, Founder and CEO of Kiwimoore. Profound dialogues were also created between Dr Tony Raven, Former Chief Executive, Cambridge Enterprise, and Dr Simon Thomas FREng, Fellow of the Royal Academy of Engineering,CEO and Co-Founder, Paragraf Ltd.
In the roundtable discussion on Innovation Models and Cooperation Opportunities for Global Incubation, UBI Global, DMZ, Startups House, Lingang SYNLINX Life Science Professional Incubator, The Drivery GmbH and Xnode discussed on innovation models for global technology incubation.
The Conference was guided by the Torch High Technology Industry Development Center Ministry of Science and Technology, Science and Technology Commission of Shanghai Municipality and Technology Committee, Lin-gang Special Area Administration of China (Shanghai) Pilot Free Trade Zone, and Shanghai Association for Science and Technology, organized by Shanghai Lingang Economic Development and Shanghai Technology Innovation Center, and co-organized by Shanghai Lingang Economic Development Group Technology Investment, Shanghai Technology Business Incubator Association and Step Innovation.
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MiTAC Computing Technology Achieves Brand Consolidation, Expands Server Business

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TAOYUAN, Oct. 1, 2024 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (hereinafter referred to as MiTAC; stock symbol: 3706), has announced that the server brand TYAN® will be integrated with the MiTAC brand. Starting from October 1, 2024, all products will be branded under MiTAC, with the release of a new logo and updated official website. MiTAC Computing Technology Corporation website: http://www.mitaccomputing.com/

MiTAC entered the server ODM industry in 1999 as one of Taiwan’s pioneers in the server market. In 2007, it expanded its presence by acquiring Tyan Computer, building a reputation for designing high-performance motherboards and barebone systems targeting the high-end server market. Following the spinoff of MiTAC’s cloud computing business in 2014, MiTAC Computing Technology was established as a subsidiary of Mitac Holdings under the MiTAC-Synnex Group.
With over two decades of experience in server research, development, manufacturing, and sales, MiTAC Computing Technology has consistently pushed the boundaries of innovation by leveraging top talent and operational efficiency. Committed to earning customer trust and fostering mutual success, MiTAC designs and manufactures high-quality server products for OEMs and Cloud Service Providers (CSPs). Through its leading server brand of TYAN, MiTAC has garnered significant industry appreciations for its extensive expertise and success. Additionally, since July 2023, MiTAC Computing Technology has taken on Intel’s Datacenter Solutions Group (DSG) server business, further expanding its influence in the server market under the MiTAC brand.
Rick Hwang, President of MiTAC Computing Technology, explained that although MiTAC and TYAN serve distinct market segments, their integration under a single brand will streamline distribution strategies, create brand management synergies, and strengthen MiTAC’s overall market presence.
The brand integration process is fully completed by October 1, 2024, consolidating all products under the MiTAC brand. As the demand for generative AI continues to grow, MiTAC Computing Technology is committed to advancing its AI server product line by leveraging its R&D strengths. “Our commitment to delivering superior solutions and service to our customers remains unwavering,” said Rick Hwang. “By unifying our brand, we aim to enhance the value of MiTAC’s offerings, providing a seamless and consistent customer experience across all customers.”
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corp. (TSE:3706), specializes in cloud, AI/HPC and edge computing solutions and has over 30 years of design and manufacturing expertise. With a strong focus on large-scale data centers, MiTAC offers flexible and customized solutions for various systems and applications. Our product lineup includes TYAN servers, ORAN servers, high-performance AI servers, and other data center products.
Originally, MiTAC operated the server channel business under the TYAN brand and began selling Intel DSG server products under the MiTAC brand in July 2023. As of October 2024, we have integrated the TYAN and MiTAC brands to streamline our operations and enhance brand management. MiTAC now serves as the sole brand name for all our products.
MiTAC Computing Technology Corporation website:http://www.mitaccomputing.com/
Photo – https://mma.prnewswire.com/media/2515283/PR_photo_Rick_Hwang____________President_of_MiTAC_Computing_Technology.jpg
 

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Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

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FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
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