Crowdsourcing Market By Platform Type (Open Services Platform, Managed Services Platform); By End Use (Non-Profit Organization, Education And Academics, Healthcare, IT And Telecommunication, Media And Entertainment, And Others); By Region–Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2020 – 2027

    10-May-2020 | 221 Pages | | Report Code : RC-178

Global crowdsourcing market is witnessing growth owing to the rising count of crowdfunding projects and crowdsourcing methods used by entrepreneurs and organizations. Crowdsourcing is a practice of engaging a crowd or group for achieving common goals such as innovation, problem solving, fund raising, services etc. It is an innovative concept of raising money for people’s passion towards a product/service which is currently under development. In addition, organizations use crowdsourcing with an aim to understand the trends of consumers with respect to certain products or the underlying technology.

At present, the crowdsourcing market across the globe is experiencing dramatic growth such as advent of blockchain-based decentralized platform for crowdsourcing and user-generated content in crowdsourcing amongst others. These trends are enabling end users to implement crowdsourcing frameworks that uses human intelligence to understand complex tasks. In addition, it also assists in realizing decentralized crowdsourcing that fulfills the fair exchanges between data and rewards, confidentiality of the data, i.e., other than the requester the submitted data is confidential to everyone and accountability. Technological advancements in decentralized framework has led towards introduction of advanced crowdsourcing model that empowers individuals and organizations to encrypt their information and host machine learning competitions to use aggregate intelligence of models. Such factors are anticipated to contribute in the growth of crowdsourcing market during the forecast period.

In terms of revenue, the global crowdsourcing market was estimated to be US$ 9,519.53 Mn in 2018 and is expected to reach US$ 154,835.74 Mn by 2027 growing at a CAGR of 36.5% over the forecast period. The study analyzes the market in terms of revenue across all the major regions, which is further bifurcated into countries.

Some of the players operating in the crowdsourcing market are 99designs, Amazon Mechanical Turk, Inc., Cad Crowd, crowdSPRING, LLC, Fiverr International Ltd., Freelancer Technology Pty Limited, Microworkers.com, clickworker GmbH, Upwork, and zbj.com among others.

Global Crowdsourcing Market:
•    By Platform Type
o    Open Services Platform
o    Managed Services Platform

•    By End Use
o    Non-Profit Organization
o    Education and Academics
o    Healthcare
o    IT and Telecommunication
o    Media and Entertainment
o    Others

•    By Geography
o    North America
•    U.S
•    Canada
•    Mexico
•    Rest of North America

o    Europe
•    France
•    The UK
•    Spain
•    Germany
•    Italy
•    Nordic Countries
•    Denmark
•    Finland
•    Iceland
•    Sweden
•    Norway
•    Benelux Union
•    Belgium
•    The Netherlands
•    Luxembourg
•    Rest of Europe

o    Asia Pacific
•    China
•    Japan
•    India
•    New Zealand
•    Australia
•    South Korea
•    Southeast Asia
•    Indonesia
•    Thailand
•    Malaysia
•    Singapore
•    Rest of Southeast Asia
•    Rest of Asia Pacific

o    Middle East and Africa
•    Saudi Arabia
•    UAE
•    Egypt
•    Kuwait
•    South Africa
•    Rest of Middle East & Africa

o    Latin America
•    Brazil
•    Argentina
•    Rest of Latin America

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