Market Overview:
The global gig economy platforms market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the gig economy platforms market can be attributed to various factors such as the increasing number of freelancers, independent contractors, and project workers; and the growing demand for part-time workers. In addition, the increasing adoption of gig economy platforms by small businesses and startups is also contributing to the growth of this market. The global gig economy platforms market can be segmented on the basis of type into APP-based and website-based platforms. The APP-based segment is expected to grow at a higher CAGR than the website-based segment during the forecast period from 2018 to 2030. This can be attributed to increased adoption of APP-based gig economy platforms by users owing to their ease of use and convenience.
Product Definition:
Gig Economy Platforms are digital marketplaces that connect service providers with people who need services. These platforms allow people to find and book services online, and often provide a platform for service providers to advertise their services. The importance of Gig Economy Platforms is that they make it easy for people to find and book services, which can save them time and money.
APP-based:
The Application Programming Interfaces (APIs) are the part of software that allows communication between applications, it controls all the operations and data that flows in and out of an application. The APIs can be used by any developer or company to develop a mobile app for any platform such as Android, iOS or Windows. The main function of APIs is to allow developers to access system functions like camera, microphone etc., using simple programming languages like C/C++ & Swift.
Website-based:
The global website-based and it’s usage in Gig Economy Platforms market size was valued at USD 1.5 billion in 2018 and is expected to register a CAGR of XX% over the forecast period.
Application Insights:
The freelance market is expected to dominate the global gig economy platforms market with a revenue share of over 45% in 2017. The growth can be attributed to the increasing use of freelancer portals and online job boards by companies and individuals for finding suitable employment opportunities. Furthermore, growing demand for skilled IT professionals has been fueling the growth of this segment. Freelancers working on contract basis are preferring online work platforms as they offer flexibility in choosing projects and hours of work as well as cost-effectiveness.
The independent contractor application segment is also expected to witness significant growth during forecast years owing to its wide scope across multiple industries including IT, digital services, healthcare & medical transcription, writing & translation services among others.
Regional Analysis:
North America dominated the global gig economy platforms market in 2017. The growth of the region can be attributed to factors such as increasing number of start-ups, high level of digitalization, and growing awareness about online freelancing and independent contractor jobs. Furthermore, presence of major players in the U.S., such as Uber Technologies Inc.; Lyft Inc.; Handy Inc.; Postmates Inc.; among others is also expected to boost regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of internet services and smartphones; thereby creating a need for online platform for finding job opportunities or gigs. Additionally, rapid development in India's IT sector has created a large pool of skilled professionals who are looking for additional income generation through part-time jobs or side gigs that can supplement their main job profile or career path (Freelance Pathways).
Growth Factors:
- Increasing demand for freelancers and independent professionals: The gig economy is fueled by the increasing demand for freelancers and independent professionals. According to a study by Upwork, the number of freelance workers in the U.S. has increased from 53 million in 2014 to 57 million in 2017, and is expected to grow further over the next few years.
- Rapid growth of online marketplaces: Gig economy platforms are benefiting from the rapid growth of online marketplaces, which are providing a convenient and efficient way for buyers and sellers to connect with each other. According to a study by PwC, global spending on online marketplaces is expected to reach trillion by 2020.
- Proliferation of mobile devices: The proliferation of mobile devices is enabling more people to access gig economy platforms through their smartphones or tablets anytime, anywhere. This is helping gig economy platforms expand their user base rapidly across different geographies .
Scope Of The Report
Report Attributes
Report Details
Report Title
Gig Economy Platforms Market Research Report
By Type
APP-based, Website-based
By Application
Freelancer, Independent Contractor, Project Worker, Part-Time, Other
By Companies
TaskRabbit, BellHops, Guru.com, HopSkipDrive, Freelancer, Rover, Upwork, Fiverr, DoorDash, Favor Delivery, Turo, Twago Enterprise, Handy
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Gig Economy Platforms Market Report Segments:
The global Gig Economy Platforms market is segmented on the basis of:
Types
APP-based, Website-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
- BellHops
- Guru.com
- HopSkipDrive
- Freelancer
- Rover
- Upwork
- Fiverr
- DoorDash
- Favor Delivery
- Turo
- Twago Enterprise
- Handy
Highlights of The Gig Economy Platforms 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:
- APP-based
- Website-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 Economy Platforms 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 Economy platforms are online marketplaces that connect workers with companies that need temporary or contract labor. The platforms typically offer a variety of services, including job postings, matching employers and workers, payment processing, and worker safety monitoring.
Some of the major players in the gig economy platforms market are TaskRabbit, BellHops, Guru.com, HopSkipDrive, Freelancer, Rover, Upwork, Fiverr, DoorDash, Favor Delivery, Turo, Twago Enterprise, Handy.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gig Economy Platforms Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gig Economy Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gig Economy Platforms Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gig Economy Platforms Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gig Economy Platforms Market Size & Forecast, 2018-2028
4.5.1 Gig Economy Platforms Market Size and Y-o-Y Growth
4.5.2 Gig Economy Platforms Market Absolute $ Opportunity
Chapter 5 Global Gig Economy Platforms Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gig Economy Platforms Market Size Forecast by Type
5.2.1 APP-based
5.2.2 Website-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gig Economy Platforms Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gig Economy Platforms Market Size Forecast by Applications
6.2.1 Freelancer
6.2.2 Independent Contractor
6.2.3 Project Worker
6.2.4 Part-Time
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gig Economy Platforms Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gig Economy Platforms Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gig Economy Platforms Analysis and Forecast
9.1 Introduction
9.2 North America Gig Economy Platforms Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gig Economy Platforms Market Size Forecast by Type
9.6.1 APP-based
9.6.2 Website-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gig Economy Platforms Market Size Forecast by Applications
9.10.1 Freelancer
9.10.2 Independent Contractor
9.10.3 Project Worker
9.10.4 Part-Time
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gig Economy Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe Gig Economy Platforms Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gig Economy Platforms Market Size Forecast by Type
10.6.1 APP-based
10.6.2 Website-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gig Economy Platforms Market Size Forecast by Applications
10.10.1 Freelancer
10.10.2 Independent Contractor
10.10.3 Project Worker
10.10.4 Part-Time
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gig Economy Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gig Economy Platforms Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gig Economy Platforms Market Size Forecast by Type
11.6.1 APP-based
11.6.2 Website-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gig Economy Platforms Market Size Forecast by Applications
11.10.1 Freelancer
11.10.2 Independent Contractor
11.10.3 Project Worker
11.10.4 Part-Time
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gig Economy Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America Gig Economy Platforms Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gig Economy Platforms Market Size Forecast by Type
12.6.1 APP-based
12.6.2 Website-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gig Economy Platforms Market Size Forecast by Applications
12.10.1 Freelancer
12.10.2 Independent Contractor
12.10.3 Project Worker
12.10.4 Part-Time
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gig Economy Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gig Economy Platforms Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gig Economy Platforms Market Size Forecast by Type
13.6.1 APP-based
13.6.2 Website-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gig Economy Platforms Market Size Forecast by Applications
13.10.1 Freelancer
13.10.2 Independent Contractor
13.10.3 Project Worker
13.10.4 Part-Time
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gig Economy Platforms Market: Competitive Dashboard
14.2 Global Gig Economy Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TaskRabbit
14.3.2 BellHops
14.3.3 Guru.com
14.3.4 HopSkipDrive
14.3.5 Freelancer
14.3.6 Rover
14.3.7 Upwork
14.3.8 Fiverr
14.3.9 DoorDash
14.3.10 Favor Delivery
14.3.11 Turo
14.3.12 Twago Enterprise
14.3.13 Handy
