Peer-to-Peer Fundraising Systems Market Synopsis

Peer-to-Peer Fundraising Systems Market Size Was Valued at USD 101 Billion in 2023, and is Projected to Reach USD 238.15 Billion by 2032, Growing at a CAGR of 10.0 % From 2024-2032.

Peer-to-peer (P2P) fundraising systems are digital platforms that enable individuals or groups to raise money from their social networks for various causes. These systems empower fundraisers to create personalized campaigns and share them through social media and other channels to solicit donations from friends, family, and acquaintances. P2P fundraising leverages the connectivity of social networks to amplify outreach, allowing participants to act as advocates for their chosen causes and engage a broader community in supporting charitable efforts. These platforms often offer features like customizable campaign pages, real-time tracking of donations, and tools for participants to connect and collaborate, making them valuable tools for nonprofits and organizations seeking to mobilize grassroots support and expand their fundraising reach efficiently.

• The Peer-to-Peer Fundraising Systems Market is experiencing significant growth and evolution, driven by the increasing adoption of digital platforms for fundraising activities. This market encompasses a range of software solutions that enable individuals and organizations to raise funds directly from their networks and communities. Key players in this market offer robust and user-friendly platforms that facilitate crowdfunding, event fundraising, and personal campaigns, empowering users to mobilize support for various causes.
• One of the primary drivers of this market's growth is the rising trend of individuals and nonprofit organizations leveraging online and social media platforms to expand their fundraising reach. The ease of setting up and managing campaigns through these systems has democratized fundraising, allowing smaller organizations and individuals to access tools once reserved for larger entities. Furthermore, the integration of features like peer engagement, social sharing, and mobile optimization enhances the effectiveness of these platforms, driving higher participation and donations.
• The market is also witnessing innovations in technology, with platforms incorporating advanced analytics, AI-driven insights, and personalized donor experiences. These developments enable users to optimize their fundraising strategies, target specific donor segments, and measure the impact of their campaigns more effectively. Additionally, the COVID-19 pandemic has accelerated the adoption of digital fundraising solutions, as traditional in-person events were disrupted, compelling organizations to embrace online platforms for continuity.
• Looking ahead, the Peer-to-Peer Fundraising Systems Market is poised for further expansion as organizations continue to prioritize digital transformation in their fundraising efforts. The integration of emerging technologies, coupled with a growing emphasis on data-driven strategies and donor engagement, will drive the evolution of these systems, making them indispensable tools for nonprofits, individuals, and even businesses seeking to support charitable causes.

Peer-to-Peer Fundraising Systems Market Trend Analysis

Expanding Donor Engagement through Unconventional Supporters

• In the evolving landscape of nonprofit fundraising, organizations are increasingly embracing unconventional donors such as influencers, celebrities, and Gen Z individuals to broaden their reach and amplify fundraising efforts. One notable approach involves engaging local celebrities who hold sway within their communities. By partnering with these figures, nonprofits can leverage their influence to raise awareness about causes and encourage participation in fundraising activities. When local celebrities publicly support and participate in nonprofit initiatives, it not only enhances the organization's visibility but also instills a sense of community involvement, motivating others to get involved and support the cause.
• Moreover, nonprofits are recognizing the philanthropic potential of Gen Z donors, often referred to as 'philanthropy-kids.' This generation, born between 1997 and 2012, exhibits a strong inclination toward supporting causes they care about. To tap into this demographic, organizations are leveraging social media campaigns tailored to Gen Z preferences. These campaigns prioritize authenticity, transparency, and visible impact—traits that resonate deeply with this socially conscious generation. By utilizing interactive content, immersive experiences, and ongoing engagement via social platforms, nonprofits can effectively connect with Gen Z donors, fostering a long-term commitment to philanthropy and community impact. The combination of engaging local influencers and leveraging Gen Z's affinity for social media activism represents a strategic shift in nonprofit fundraising, driving greater donor engagement and expanding fundraising opportunities in innovative ways.

Facilitating Seamless Payments with Digital Wallets in Nonprofit Fundraising

• The increasing preference for digital payments has transformed the landscape of nonprofit fundraising, prompting organizations to adopt innovative strategies that cater to donors' evolving preferences. Digital wallets have emerged as a cornerstone of this shift, offering convenient and secure ways for supporters to contribute to causes they care about. By incorporating options like text-to-give, QR codes, and donor kiosks into their fundraising campaigns, nonprofits are streamlining the donation process and enhancing accessibility for donors. These methods align with the growing trend towards cashless transactions in everyday life, reflecting broader societal shifts towards digital-first solutions.
• Text-to-give services, in particular, leverage the widespread use of smartphones to facilitate seamless donations. With a simple text message, donors can receive a link to an online donation form and complete their contribution using their preferred digital wallet or payment method. This approach not only caters to the convenience sought by donors but also ensures that nonprofits can capture spontaneous donations in real-time, especially during events or campaigns. Similarly, QR codes provide an efficient way for donors to access donation pages instantly, enabling swift transactions without the need for cash or physical cards. Donor kiosks further enhance this experience by transforming tablets or smartphones into donation terminals, allowing donors to contribute securely at events or public spaces. Overall, the adoption of digital wallets and related technologies reflects a strategic response to changing donor behaviors, ultimately enhancing the effectiveness and reach of nonprofit fundraising efforts in the digital age.

Peer-to-Peer Fundraising Systems Market Segment Analysis:

Peer-to-Peer Fundraising Systems Market Segmented based on By Type and By Application.

By Type, Cloud Based segment is expected to dominate the market during the forecast period

• Cloud-based software typically operates on a subscription or pay-as-you-go model, reducing the need for large upfront investments in hardware and infrastructure.
• Cloud solutions are often easier and quicker to implement compared to on-premises software, requiring minimal IT expertise for setup.
• SMEs can easily scale their software usage up or down based on business needs without concerns about hardware limitations.
• Cloud-based software can be accessed from anywhere with an internet connection, enabling remote work and collaboration among distributed teams.
• Cloud providers handle maintenance, updates, and security patches, relieving SMEs of these responsibilities.

By Application, SMEs segment held the largest share in 2023

• MEs are typically smaller in scale compared to large corporations. The definition of what constitutes a small or medium-sized enterprise varies widely across different countries. For example, in the European Union, SMEs are defined based on criteria like turnover and number of employees, distinguishing between micro-enterprises, small enterprises, and medium-sized enterprises.
• SMEs are major contributors to job creation and employment globally. They often provide opportunities for local employment and play a significant role in reducing unemployment rates. Due to their flexible nature, SMEs can respond quickly to changing market demands and adapt their workforce accordingly.
• SMEs are known for their agility and innovation. Many breakthrough technologies and business models emerge from small and medium-sized businesses. Startups, which often fall into the SME category, are particularly known for their entrepreneurial spirit and disruptive innovations.
• SMEs contribute to the development of local economies by fostering entrepreneurship and creating networks of suppliers and customers within their communities. They often source goods and services locally, which can have a positive multiplier effect on the economy.

Peer-to-Peer Fundraising Systems Market Regional Insights:

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia-Pacific region, the P2P fundraising market is characterized by a diverse landscape where certain platforms dominate based on various factors including market penetration, technological innovation, and local partnerships. Dominance share in this context refers to the market share held by leading P2P fundraising platforms within specific countries or across the region as a whole.
• Within China, dominant P2P fundraising platforms like Tencent Charity Foundation and Alibaba's Ant Forest have gained substantial market share. These platforms leverage their massive user bases from popular apps like WeChat and Alipay to promote charitable giving and environmental sustainability. The dominance of these platforms is driven by their integration into everyday digital lifestyles and strong partnerships with local NGOs.
• In India, platforms like Ketto, Milaap, and ImpactGuru have emerged as key players in the P2P fundraising space. They offer a range of services from medical crowdfunding to supporting social causes and disaster relief efforts. The dominance of these platforms is fueled by the growing popularity of online crowdfunding and increasing trust in digital payment systems.
• Countries in Southeast Asia exhibit a mix of dominant players in the P2P fundraising market. For example, platforms like Give. Asia in Singapore, Kitabisa in Indonesia, and GoGetFunding in the Philippines have significant market presence. Each of these platforms caters to specific local needs and cultural preferences, contributing to their dominance within their respective markets.
• Dominance share is also influenced by platforms that continuously innovate technologically. Those that introduce new features such as social sharing tools, mobile optimization, and transparent donation tracking tend to attract more users and donations, consolidating their dominance.
• Successful P2P fundraising platforms often forge strategic partnerships with businesses, governments, and nonprofit organizations. By integrating into broader digital ecosystems and offering value-added services, these platforms can solidify their dominance and expand their reach.

Active Key Players in the Peer-to-Peer Fundraising Systems Market:

• Aplos,
• DonorPerfect Fundraising Software,
• Salsa CRM,
• NeonCRM,
• Kindful,
• Charityproud,
• EveryAction,
• MemberClicks,
• Qgiv,
• eTapestry,
• Classy,
• DonorStudio,
• CrowdRise, and Other Key Players

1. INTRODUCTION
   1. SEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BY TYPE (2017-2032)
   1. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CLOUD BASED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ON-PREMISES
7. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BY APPLICATION (2017-2032)
   1. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SMES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. LARGE ENTERPRISES
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. PEER-TO-PEER FUNDRAISING SYSTEMS Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. APLOS
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. DONORPERFECT FUNDRAISING SOFTWARE
   4. SALSA CRM
   5. NEONCRM
   6. KINDFUL
   7. CHARITYPROU
   8. EVERYACTION
   9. MEMBERCLICKS
   10. QGIV
   11. ETAPESTRY
   12. CLASSY
   13. DONORSTUDIO
   14. CROWDRISE
9. GLOBAL PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET COMPETITIVE RIVALRY
TABLE 005. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET THREAT OF NEW ENTRANTS
TABLE 006. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET THREAT OF SUBSTITUTES
TABLE 007. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BY TYPE
TABLE 008. CLOUD BASED MARKET OVERVIEW (2016-2028)
TABLE 009. ON-PREMISES MARKET OVERVIEW (2016-2028)
TABLE 010. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET BY APPLICATION
TABLE 011. APPLICATION A MARKET OVERVIEW (2016-2028)
TABLE 012. APPLICATION B MARKET OVERVIEW (2016-2028)
TABLE 013. APPLICATION C MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY APPLICATION (2016-2028)
TABLE 016. N PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY APPLICATION (2016-2028)
TABLE 019. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY APPLICATION (2016-2028)
TABLE 022. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY APPLICATION (2016-2028)
TABLE 025. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY APPLICATION (2016-2028)
TABLE 028. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET, BY COUNTRY (2016-2028)
TABLE 029. APLOS: SNAPSHOT
TABLE 030. APLOS: BUSINESS PERFORMANCE
TABLE 031. APLOS: PRODUCT PORTFOLIO
TABLE 032. APLOS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. DONORPERFECT FUNDRAISING SOFTWARE: SNAPSHOT
TABLE 033. DONORPERFECT FUNDRAISING SOFTWARE: BUSINESS PERFORMANCE
TABLE 034. DONORPERFECT FUNDRAISING SOFTWARE: PRODUCT PORTFOLIO
TABLE 035. DONORPERFECT FUNDRAISING SOFTWARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. SALSA CRM: SNAPSHOT
TABLE 036. SALSA CRM: BUSINESS PERFORMANCE
TABLE 037. SALSA CRM: PRODUCT PORTFOLIO
TABLE 038. SALSA CRM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. NEONCRM: SNAPSHOT
TABLE 039. NEONCRM: BUSINESS PERFORMANCE
TABLE 040. NEONCRM: PRODUCT PORTFOLIO
TABLE 041. NEONCRM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. KINDFUL: SNAPSHOT
TABLE 042. KINDFUL: BUSINESS PERFORMANCE
TABLE 043. KINDFUL: PRODUCT PORTFOLIO
TABLE 044. KINDFUL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. CHARITYPROUD: SNAPSHOT
TABLE 045. CHARITYPROUD: BUSINESS PERFORMANCE
TABLE 046. CHARITYPROUD: PRODUCT PORTFOLIO
TABLE 047. CHARITYPROUD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. EVERYACTION: SNAPSHOT
TABLE 048. EVERYACTION: BUSINESS PERFORMANCE
TABLE 049. EVERYACTION: PRODUCT PORTFOLIO
TABLE 050. EVERYACTION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. MEMBERCLICKS: SNAPSHOT
TABLE 051. MEMBERCLICKS: BUSINESS PERFORMANCE
TABLE 052. MEMBERCLICKS: PRODUCT PORTFOLIO
TABLE 053. MEMBERCLICKS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. QGIV: SNAPSHOT
TABLE 054. QGIV: BUSINESS PERFORMANCE
TABLE 055. QGIV: PRODUCT PORTFOLIO
TABLE 056. QGIV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ETAPESTRY: SNAPSHOT
TABLE 057. ETAPESTRY: BUSINESS PERFORMANCE
TABLE 058. ETAPESTRY: PRODUCT PORTFOLIO
TABLE 059. ETAPESTRY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. CLASSY: SNAPSHOT
TABLE 060. CLASSY: BUSINESS PERFORMANCE
TABLE 061. CLASSY: PRODUCT PORTFOLIO
TABLE 062. CLASSY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. DONORSTUDIO: SNAPSHOT
TABLE 063. DONORSTUDIO: BUSINESS PERFORMANCE
TABLE 064. DONORSTUDIO: PRODUCT PORTFOLIO
TABLE 065. DONORSTUDIO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. CROWDRISE: SNAPSHOT
TABLE 066. CROWDRISE: BUSINESS PERFORMANCE
TABLE 067. CROWDRISE: PRODUCT PORTFOLIO
TABLE 068. CROWDRISE: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY TYPE
FIGURE 012. CLOUD BASED MARKET OVERVIEW (2016-2028)
FIGURE 013. ON-PREMISES MARKET OVERVIEW (2016-2028)
FIGURE 014. PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY APPLICATION
FIGURE 015. APPLICATION A MARKET OVERVIEW (2016-2028)
FIGURE 016. APPLICATION B MARKET OVERVIEW (2016-2028)
FIGURE 017. APPLICATION C MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA PEER-TO-PEER FUNDRAISING SYSTEMS MARKET OVERVIEW BY COUNTRY (2016-2028)