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Sharing Economy Market is estimated to grow at a CAGR of 32.6% within the forecast period of 2023-2030: Cognitive Market Research
Sharing Economy Market is estimated to grow at a CAGR of 32.6% within the forecast period of 2023-2030: Cognitive Market Research
The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of providing, acquiring, or sharing access to goods and services that is often facilitated by a community-based online platform. Sharing economy (SE) is a relatively new field of economics, gaining more traction from various industries. It has several applications in materials, transportation, hospitality, and sharing of information and knowledge. SE is related to various economic and environmental aspects such as sustainability, environment-friendly practices, circularity, less production, and more responsible use of resources.
Sharing economy helps connect goods and services seekers with their providers using technology. It helps businesses reduce costs and increase efficiency along with environment-friendly choices for consumers. Further, some prominent factors that led to the boost of economy sharing are the emergence of new digital platforms and devices, growing consumer demand for services, and increasing globalization. The changing attitude toward ownership has resulted in the strengthening of globalization which will trigger the sharing economy market growth.
Summary:
The Global Sharing Economy market was valued at USD 145.22 Billion in 2022, registering a CAGR of 32.6% for the forecast period 2023-2030.
To know more about The Sharing Economy Market statistics click here: https://www.cognitivemarketresearch.com/sharing-economy-market-report
Market Dynamics:
• The proliferation of advanced digital platforms and devices
In recent years, the sharing economy has changed the way individuals share and conduct transactions in digital areas. The recent technological advancements have enabled transactions to take place on demand, to be precisely measurable in time and thus more scalable, and to be dynamically matched through an online platform. Advanced digital platforms and devices, such as smartphones and high-speed internet, have increased connectivity. This connectivity enables sharing economy platforms to connect providers and consumers effortlessly. People can easily access sharing economy services through mobile apps or websites, facilitating resource and service sharing.
Digital platforms provide users with easy access to information about available resources and services. Through sharing economy platforms, individuals can quickly find and compare options, making it convenient to rent or share assets. The availability of detailed listings, photos, reviews, and ratings helps users make informed decisions and build trust in the sharing economy ecosystem.
• Rising focus on sustainability and environmental consciousness (Access Detailed Analysis in the Full Report Version)
• Substantial growth of the entertainment industry (Access Detailed Analysis in the Full Report Version)
Market Segmentation:
Type:
• Shared Transportation
• Shared Space
• Sharing Financial
• Sharing Food
• Shared Health Care
• Shared Knowledge Education
• Shared Items
• Others
End User:
• Mobility Industry
• Retail & Consumer Goods
• Tourism & Hotel Industry
• Entertainment and Telecommunication
• Others
On the basis of end-user, the market is segmented into the mobility industry, retail & consumer goods, tourism & hotel industry, entertainment and telecommunication, and others. In 2022, entertainment and telecommunication held the largest market share in terms of revenue. This dominance is attributed to technological advancements in smartphones are a vital factor responsible for the upliftment of this industry. Also, the cheapest data tariffs along with the growing number of smartphone users and an increasing number of different OTT platforms are triggering the entertainment industry which is fueling the sharing economy market growth.
Get free sample pages of latest published Sharing Economy Market Report: https://www.cognitivemarketresearch.com/sharing-economy-market-report#request_sample
Competitive Analysis for Sharing Economy Market:
• Airbnb Inc.
• LimeBike (Neutron Holdings Inc.)
• Lyft Inc
• Fon Wireless Ltd.
• Prosper Pte Ltd
• Eatwith (VizEat Ltd.)
• Zipcar Inc
• JustPark Parking Limited
• BlaBlaCar SAS
• Uber Technologies Inc
• Silvernest LLC
• Spotahome Ltd
Company Profile
• Airbnb Inc
Airbnb Inc strives to expand its global network and markets where its penetration is lower, such as India, China, Latin America, Southeast Asia. Furthermore, the company has significant focus on innovation to attract the new customer base. For instance, the company innovate both the online and in-person experiences for its hosts and guests. For instance, the company has engaged in design new products and offerings by adding new technology.
Moreover, Airbnb places a strong focus on user experience and building a sense of community. For this, the company has focused on developing a user-friendly platform with features that make it easy for hosts to list their properties and for guests to find suitable accommodations. In addition, the company engaged in entering new markets, including both popular tourist destinations and smaller locations. This strategy has allowed Airbnb to satisfy to a wide range of travelers' needs and preferences.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Sharing Economy Market
• 3.1 Global Sharing Economy Market Size 2018 - 2030, (USD Million)
• 3.2 Global Sharing Economy Value, Absolute & Opportunity Analysis
• 3.3 Global Sharing Economy Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Sharing Economy Market Statistics 2022: Snapshot
Chapter 4 Global Sharing Economy Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Sharing Economy Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Sharing Economy Industry Mergers and Acquisition Analysis
• 5.3 Global Sharing Economy New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Sharing Economy Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Sharing Economy Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Sharing Economy Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Sharing Economy Market Regional Analysis
Chapter 12 North America Sharing Economy Market Outlook (2018 - 2030)
Chapter 13 Europe Sharing Economy Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Sharing Economy Market Outlook (2018 - 2030)
Chapter 15 Latin America Sharing Economy Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Sharing Economy Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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To know more the Sharing Economy Market TOC click here: https://www.cognitivemarketresearch.com/sharing-economy-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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