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Freelance Platforms Market Estimated Growth Curve, Trends, Size, Share And Analysis Report 2024-2033
Freelance Platforms Market
The Business Research Company offers in-depth market insights through Freelance Platforms Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The freelance platforms market size has grown rapidly in recent years. It will grow from $6.46 billion in 2023 to $7.49 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to globalization and remote work trend, skill specialization, entrepreneurial culture, economic uncertainty, increasing acceptance of remote talent.
The freelance platforms market size is expected to see rapid growth in the next few years. It will grow to $13.92 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to gig economy expansion, increased focus on diversity and inclusion, blockchain and smart contracts, rise of niche platforms, government policies and regulations. Major trends in the forecast period include global expansion, integration of AI and automation, collaborative workspaces and project management tools, remote work flexibility, and gig workers' rights and benefits.
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Market Segmentation:
The freelance platforms market covered in this report is segmented -
1) By Type: Cloud-based, Web-based
2) By Product Type: Hourly, Monthly
3) By Application: Large Enterprises, Small and Medium Enterprises, Freelancers
Major Driver - Growth Propelled By Established Companies' Adoption Of Freelance Platforms
The increasing adoption of freelance platforms by established companies is expected to propel the growth of the freelance platform market going forward. An established company refers to one that has gained a reputation for a specific product, process, service, or platform. Freelance platforms refer to online connections where qualified and skilled freelancers can find work and get paid anywhere. Established companies use freelance platforms to hire temporary workers for projects and immediate openings that do not require permanent employment, thereby saving costs, eliminating overhead costs, and accessing specialized talent. There has been a significant in increase freelance platforms lately. For instance, in July 2022, according to WINaTALENT, an Estonia-based company that connects talented IT professionals from the Middle East to international employers, freelance platforms were used by more than 48% of the Fortune 500 companies to hire freelancers in 2022. For instance, in 2023, according to Don't Do It Yourself (DDIY), a US-based company that provides advice and reviews to grow businesses by supporting them to choose the best people and tools, the number of freelancers in the U.S. reached 73.3 million, up almost 3 million from 70.4 million in 2022. The increasing adoption of freelance platforms by established companies is driving the freelance platforms market.
Competitive Landscape:
Major companies operating in the freelance platforms market report are Freelancer, Next Inc., Upwork Global Inc., Fiverr International Ltd., TaskRabbit Inc., Envato Elements Pty Ltd., Field Nation LLC, Bark Ltd., Dribbble, Bark.com Global Limited., 99Designs, Designhill, Gigster LLC, Freelancer Technology Pty Limited, WorkMarket Inc., Catalant Technologies Inc., Guru, Skyword Inc., Expert360, Catalant Technologies Inc., ContentlyInc., People Per Hour Ltd., YunoJuno Limited, DesignCrowd, WriterAccess, DesignContest LLC, CrowdSPRING LLC, WorkGenius, Peeridea Inc., CloudDevs, Total LLC, Index Inc., Coding Ninjas Inc., Working Nomads s.r.o., Soy Freelancer, WhoIsHiring.io, Dice Enterprises Private Limited, Asset Reconstruction Company., Remotive SARL, Showwcase Creators Inc., AngelList Talent Inc., Jooble, Pangea
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Top Trend - Revolutionary Solution For Quick And Efficient Access To Top Marketing Talent
Major companies operating in the freelance platform market are focusing on developing innovative solutions, such as a tech-powered platform designed to help companies find, hire, and manage top freelance marketers quickly and easily. A tech-powered platform is a digital infrastructure or system driven and enabled by advanced technology to facilitate various functionalities or services. For instance, in September 2023, Growth Collective, a US-based company that connects businesses with freelance marketers, launched Growth Collective Freelance-a tech-powered platform. This platform features fast white-glove matching, collaborative tools, and a rigorous focus on vetting and certifying top marketing talent, setting it apart in the freelance platform market. Its timely introduction addresses the growing demand for streamlined freelance solutions, providing businesses with an efficient tech-powered platform to seamlessly connect with and manage skilled freelance marketers.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Freelance Platforms Market Characteristics
3. Freelance Platforms Market Trends And Strategies
4. Freelance Platforms Market - Macro Economic Scenario
5. Freelance Platforms Market Size And Growth
…..
27. Freelance Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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