Market Overview:
The global gig-based business market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for freelancers, independent contractors, and project workers across the globe. Additionally, the growing trend of working part-time is also fueling the growth of this market. The website-based gig-based business segment is expected to dominate the global gig-based business market during the forecast period from 2018 to 2030. This segment is anticipated to account for more than 60% share of this market by 2030 owing to its high adoption rate among small and medium businesses (SMBs).
Product Definition:
A gig-based business is a company that contracts specific services to clients on a project basis. The importance of gig-based businesses is that they offer an alternative to traditional employment, which can be more rigid and limiting. Gig-based businesses also allow for more flexible work arrangements, which can be beneficial for both the workers and the companies.
Website-Based:
The global website-based, it's usage and growth factor in the gig based business market size was valued at USD 0.8 billion in 2015. The increasing adoption of online payment solutions is expected to drive the growth of this vertical over the forecast period.
U S A website-based, its usage.
APP-Based:
The Advanced Persistent Threat (APT) based on the Application Program Interface (API) is used to gain unauthorized access to a computer system. It is also used by hackers for data theft and destruction. The term “APT” has been derived from the initials of “Advanced Persistent Threat” which represents a series of attacks launched by an advanced persistent threat actor that uses malicious software or malware against a target host.
Application Insights:
The freelance market dominated the global gig based business application segment with a revenue share of over 60% in 2017. The rising number of digital services, which provide flexibility to employees and allow them to work as independent contractors has been one of the key factors driving the growth. Freelancers can be an asset for any organization as they offer specific skills and expertise at a cheaper cost than having them internally developed. However, there are certain inherent risks associated with this type of working relationship such as payment delays or non-payment by client companies due to lack of resources or knowledge related to billing and accounts management.
The part-time worker application segment is expected register significant growth over the forecast period owing to increasing demand from customers for professional services from home workers who can offer high quality output within limited time frames at affordable costs compared to traditional outsourcing models that require big investments in infrastructure development along with other administrative overhead costs involved.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of gig economy companies and favorable government policies regarding independent work. For instance, in June 2018, Uber Eats launched its service in Canada after launching it in Mexico city; DoorDash Inc.; an American based delivery startup; launched its service for Toronto after receiving approval from the Canadian Transport Agency (CTA); and Postmates Inc.; a U.S.-based delivery startup; expanded to Montreal and Vancouver as well as Toronto & Ottawa, Ontario region only few days ago (on July 16th). Such expansions indicate that there is significant potential for gig-based businesses across Canada which will propel regional market growth over the forecast period.
Growth Factors:
- Increased demand for on-demand services: The Gig Economy is driven by increased demand for on-demand services. This is because people want the flexibility and convenience of being able to get what they need, when they need it.
- Increased use of technology: Technology has made it easier than ever for people to connect with service providers and find gigs. This has led to a surge in the number of people working in the Gig Economy.
- Growth of the sharing economy: The growth of the sharing economy has helped fuel the growth of the Gig Economy. People are increasingly comfortable using online platforms to find gigs and connect with service providers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gig Based Business Market Research Report
By Type
Website-Based, APP-Based
By Application
Freelancer, Independent Contractor, Project Worker, Part-Time, Other
By Companies
TaskRabbit, Guru, Rover, HopSkipDrive, Freelancer, Fiverr, Favor Delivery, Upwork, DoorDash, BellHops, Turo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Gig Based Business Market Report Segments:
The global Gig Based Business market is segmented on the basis of:
Types
Website-Based, APP-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Freelancer, Independent Contractor, Project Worker, Part-Time, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TaskRabbit
- Guru
- Rover
- HopSkipDrive
- Freelancer
- Fiverr
- Favor Delivery
- Upwork
- DoorDash
- BellHops
- Turo
Highlights of The Gig Based Business Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Website-Based
- APP-Based
- By Application:
- Freelancer
- Independent Contractor
- Project Worker
- Part-Time
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gig Based Business Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gig based businesses are those that offer their services through a series of short, discrete engagements. This type of business is often referred to as u201con-demandu201d or u201cmicro-servicesu201d because the customer does not have to commit to a long term contract. Gig based businesses can be very flexible and responsive to the needs of their customers, which makes them popular among busy professionals who want quick and easy access to quality services.
Some of the key players operating in the gig based business market are TaskRabbit, Guru, Rover, HopSkipDrive, Freelancer, Fiverr, Favor Delivery, Upwork, DoorDash, BellHops, Turo.
The gig based business market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gig Based Business Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gig Based Business Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gig Based Business Market - Supply Chain
4.5. Global Gig Based Business Market Forecast
4.5.1. Gig Based Business Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gig Based Business Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gig Based Business Market Absolute $ Opportunity
5. Global Gig Based Business Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gig Based Business Market Size and Volume Forecast by Type
5.3.1. Website-Based
5.3.2. APP-Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gig Based Business Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gig Based Business Market Size and Volume Forecast by Application
6.3.1. Freelancer
6.3.2. Independent Contractor
6.3.3. Project Worker
6.3.4. Part-Time
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gig Based Business Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gig Based Business Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gig Based Business Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gig Based Business Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gig Based Business Demand Share Forecast, 2019-2026
9. North America Gig Based Business Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gig Based Business Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gig Based Business Market Size and Volume Forecast by Application
9.4.1. Freelancer
9.4.2. Independent Contractor
9.4.3. Project Worker
9.4.4. Part-Time
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gig Based Business Market Size and Volume Forecast by Type
9.7.1. Website-Based
9.7.2. APP-Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gig Based Business Demand Share Forecast, 2019-2026
10. Latin America Gig Based Business Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gig Based Business Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gig Based Business Market Size and Volume Forecast by Application
10.4.1. Freelancer
10.4.2. Independent Contractor
10.4.3. Project Worker
10.4.4. Part-Time
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gig Based Business Market Size and Volume Forecast by Type
10.7.1. Website-Based
10.7.2. APP-Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gig Based Business Demand Share Forecast, 2019-2026
11. Europe Gig Based Business Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gig Based Business Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gig Based Business Market Size and Volume Forecast by Application
11.4.1. Freelancer
11.4.2. Independent Contractor
11.4.3. Project Worker
11.4.4. Part-Time
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gig Based Business Market Size and Volume Forecast by Type
11.7.1. Website-Based
11.7.2. APP-Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gig Based Business Demand Share, 2019-2026
12. Asia Pacific Gig Based Business Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gig Based Business Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gig Based Business Market Size and Volume Forecast by Application
12.4.1. Freelancer
12.4.2. Independent Contractor
12.4.3. Project Worker
12.4.4. Part-Time
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gig Based Business Market Size and Volume Forecast by Type
12.7.1. Website-Based
12.7.2. APP-Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gig Based Business Demand Share, 2019-2026
13. Middle East & Africa Gig Based Business Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gig Based Business Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gig Based Business Market Size and Volume Forecast by Application
13.4.1. Freelancer
13.4.2. Independent Contractor
13.4.3. Project Worker
13.4.4. Part-Time
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gig Based Business Market Size and Volume Forecast by Type
13.7.1. Website-Based
13.7.2. APP-Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gig Based Business Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gig Based Business Market: Market Share Analysis
14.2. Gig Based Business Distributors and Customers
14.3. Gig Based Business Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TaskRabbit
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Guru
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rover
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. HopSkipDrive
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Freelancer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fiverr
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Favor Delivery
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Upwork
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DoorDash
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BellHops
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Turo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
