Peer-to-peer Fundraising Software. Market Scope
Peer-to-peer fundraising involves supporters who fundraise independently on your organization's behalf using individual donation pages. You’re the organization uses specialized P2P fundraising software to equip supporters with the tools to raise funds on their own, with all donations going back to the your organization. Peer-to-peer fundraising benefits non-profits by expanding their reach past their own contact lists and into the networks of others. It can help an organization organically expand its reach to new, previously unexplored networks of supporters. Increasing demand for cloud-based peer-to-peer Fundraising Software are major driver of the market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||Donorbox (United States), GoFundMe (United States), Bonfire (United States), Fundly (India), CauseVox (United States), Bloomerang (United States), Classy (United States), Donately (United States), One Cause (United States), Grassroots Unwired (United States) and GoFundMe (United States)|
Peer-to-peer Fundraising Technology is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. Auction Software is the opportunity of fundraising software. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Donorbox (United States), GoFundMe (United States), Bonfire (United States), Fundly (India), CauseVox (United States), Bloomerang (United States), Classy (United States), Donately (United States), One Cause (United States), Grassroots Unwired (United States) and GoFundMe (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Peer-to-peer Fundraising Software. market by Type and Region with country level break-up.
On the basis of geography, the market of Peer-to-peer Fundraising Software. has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2023, One Cause, a leading provider of digital fundraising technology, collectively raised over USD 5 billion using the company’s fundraising platform. During this time, over 55,000 campaigns have been hosted on the fundraising platform, advancing causes like health and human services, animal welfare, human rights, education, and youth development
Influencing Trend:Increasing use of mobile apps and gamification to attract donations
Market Growth Drivers:Growing demand for cloud-based peer-to-peer Fundraising Software
Challenges:The effort it takes to teach the existing donors/fundraisers
Restraints:Lack of technical expertise
Opportunities:Expansion of nonprofit's donor base though fundraising software
Key Target AudienceFunding Company, Research and Development (R&D) companies, Market research and consulting service providers, Government Agencies, End User Industry and Others