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On Monday, our sister firm massolution released 2013CF: The Crowdfunding Industry Report, which found an 81 percent increase between 2011 and 2012 in the amount raised globally through crowdfunding and predicts an even larger increase for 2013.
By noon, international media outlets were spreading the word far and wide.
massolution™, a research firm specializing in crowdsourcing solutions, today released the first comprehensive report on the enterprise crowdsourcing industry. After collecting data from 32 Crowdsourcing Service Providers (CSPs), the results revealed that crowdsourcing continued to demonstrate growth in 2011, with revenues increasing over 75% when compared to 2010. This growth is largely driven by the aggressive adoption of crowdsourcing within the Internet Services, Media and Entertainment and Technology sectors.
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Today massolution™ released the first comprehensive report on the enterprise crowdsourcing industry, and the findings are already making waves.
In today's Wall Street Journal, a story by Angus Loten on the growth of crowdsourcing cites the report, in particular the 75 percent increase in revenues for crowdsourcing providers seen in 2011.
LOS ANGELES, California – May 8, 2012 - massolution™, a research firm specializing in crowdsourcing and crowdfunding solutions, released its first comprehensive Crowdfunding Industry Report. After collecting data from more than 170 crowdfunding platforms (CFPs) and other sources, the results revealed that CFPs raised almost $1.5 billion and successfully funded more than one million campaigns in 2011 and will raise nearly $3b in 2012. The majority of these campaigns were in the donation-based category totaling 1,067 campaigns, and North America was the largest market for fundraising at $837 million.
Over a million crowdfunding campaigns raised $2.7 billion in 2012, and the market is expected to nearly double again this year, according to a comprehensive global crowdfunding industry report released today by massolution.
We like to keep tabs on what our sister research and advisory arm, massolution, is up to and this week CEO and Founder Carl Esposti is in Florida for the Sourcing Interests Group Global Sourcing Summit where he'll be talking crowdtesting with passbrains.
Rapid growth of the Crowdsourcing market leads to continuous emergence of new use cases. In order to create the most complete inventory of Crowdsourcing use cases, the massolution team conducted an extensive review of the publicly available information on Crowdsourcing transactions, announcements and industry news. In addition, we interviewed a number of leading Crowdsourcing providers and analyzed the information available on our industry website crowdsourcing.org, reviewing more than 2,500 content items (articles, blogs, documents) published over the last two years.
On crowdsourcing.org alone we reviewed over 2,500 references to the use of crowdsourcing (individual content items) and identified of these, 435 provided relevant examples of enterprise crowdsourcing, which we then classified using massolution’s proprietary Use Case categorization framework. The subsequent analysis of these content items produced information on the crowdsourcing efforts of 83 enterprises from 13 industries in addition to multiple government clients. In additional to specific references to enterprises, a large number of items also described, in general terms, other offerings of Crowdsourcing service providers, targeted at the enterprise market, that were not specifically attributed to named enterprises.
In total, we identified 65 specific Use Cases (i.e., discreet applications) of Crowdsourcing being performed today within enterprises, which we then organized under four categories:
Rapid growth of the Crowdsourcing market leads to continuous emergence of new use cases. In order to create the most complete inventory of Crowdsourcing use cases, the massolution team conducted...
It's been a week since Crowdsourcing.org's sister company, massolution™ -- a research firm specializing in crowdsourcing and crowdfunding solutions -- released its first comprehensive Crowdfunding Industry Report. In those past seven days, the report and some of the insights within it have made the rounds in the global business and technology press, including the New York Times and the Washington Post among many others.
Ever wanted to know some of the key trends in crowdsourcing? Massolution put together the following infographic to visualize some of the market, provider and worker trends in the enterprise crowdsourcing field.
The Inter-American Development Bank recently engaged the research and advisory firm massolution to explore the possibilities of crowdfunding in Latin America. We feature some insights from the resulting workshop.
The crowd is not just about scalable “muscle”. It can also be used for very high value tasks. We share some of the fruits of a recent collaboration between massolution and PASS Technologies.
This report sets a new standard for comprehensive, reality-based assessment of the crowdfunding industry, based on data gathered from 308 funding platforms worldwide and analysis from massolution's industry-leading brain trust. Like the widely-cited 2012 report, it digs deep and does the math to show who is crowdfunding what, where, how, and when - and what will happen next. But unlike its predecessor, this report also includes three original research chapters by top academics in the field: an analysis of crowdfunding dynamics and how it can be applied to generate viral “third-level acceleration” from the differing motivations of strong-tie vs weak-tie friends; a detailed, 15-country overview of the legal frameworks that surround crowdfunding worldwide, including relevant laws, government agencies, and possible reforms; and an analysis of direct crowdfunding, which questions the very need for platforms for non-investment funding models.
In addition to providing a practical, quantitative understanding of crowdfunding today and a high level synthesis of how its recent innovations will play out in the future, this report also includes surprising insights that can only come out of detailed research. For example, you'll learn which crowdfunding model (donation, reward, lending, equity, or royalty) has had a much better record of reaching its funding goals than all the others, how social vs. environmental raises differ widely, and how the financing of crowdfunding platform startups does not reflect the crowdfunding models they support.
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In the Crowded Room this week: massolution's 2013CF: The Crowdfunding Industry Report makes headlines around the world by putting real-world numbers and data to the rapidly growing Crowdfunding market, plus new crowdsourcing plans from GE and Walmart.
To learn more about the report and what went into creating it, plan to attend a live video chat via a Google+ Hangout On the Air. The event will be streamed live on Google+ in the Hangout, on Crowdsourcing.org, and on our YouTube channel.
Crowdtesting leader passbrains recently engaged the research and advisory firm massolution to explore the possibilities of using a crowd to test software for large enterprises. We feature some findings from the report.
The crowdfunding industry is growing at a fast clip, and growth is only going to accelerate, according to massolution's 2013CF Crowdfunding Industry Report. We share an infographic by GoGetFunding that shows some of the statistics and trends around crowdfunding.
The rapid growth of the crowdsourcing market has led to the continuous emergence of new use cases. In order to create the most complete inventory of crowdsourcing use cases possible, the...
Contact us for details or purchasingPurchase$250Full ReportTable of ContentsPreview
CSP respondents represent all key categories of the crowdsourcing marketplace, including expertise-based tasks, ideation tasks, micro-tasks, freelance platforms, and software services. The...
This research report provides an in-depth analysis of crowdfunding market trends and composition, and an overview of Crowdfunding Platforms (CFPs) that explains their functionality and the...
Contact us for details or purchasingPurchase$95Full ReportTable of ContentsPreview
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space, Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding practice expertise and unbiased thought leadership.
![Enterprise Crowdsourcing Trends [Infographic]](/images/resized//editorial_18725_190x100_editorial_crop.jpg?1346786644)
![Crowdfunding Industry Trends and Statistics [Infographic]](/images/resized//editorial_25662_190x100_editorial_crop.jpg?1367518427)
