Gig Economy Market to Grow from USD 415 Billion in 2023 to USD 920 Billion by 2031, Achieving a CAGR of 14.5%

Gig Economy Market 2024-2031 Forecast: Unveiling Opportunities and Growth

Global Gig Economy Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Gig Economy Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.

According to Insider Market Research, the Gig Economy Market size is estimated to increase by USD 920 Billion at a CAGR of 14.5% from 2024 to 2031. Currently, the market value is pegged at USD 415 Billion.

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Key Players in the Gig Economy market:
Freelancer, Airbnb, Uber, Vrbo, Beijing Xiaoju Keji Co., Ltd, Airtasker, Fiverr, Etsy, Instacart, Doordash, Upwork and Lyft

Market Leaders & Development Strategies:

Freelancer.com announced the winners of the NASA Tank Venting Challenge focused on propellant venting in microgravity. The challenge offered $80,000 for innovative solutions to minimize propellant loss during venting. Teams from USA and Ukraine won the competition with various approaches including ultrasonic manipulation, membranes, and centrifugal force.

Airbnb is raising guest service fees for bookings where the guest's currency differs from the host's listing currency. Starting April 1, 2024, an additional fee of up to 2% of the pre-tax booking total will apply to these cross-currency transactions.

Market Drivers:
Flexibility and Autonomy
Technological Advancements
Cost Efficiency

Market Restraints:
Regulatory Challenges
Income Insecurity

Market Opportunities:
Remote Work Trend
Skill Diversity

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Market Segmentation & Coverage:

This research report categorizes the Gig Economy Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based On Platform Type: The gig economy market is segmented into freelance platforms, online marketplaces, and gig platforms. Freelance platforms link freelancers to customers seeking certain talents or services. Online marketplaces make it easier for both parties to do deals. Gig platforms offer an assortment of gig opportunities across different sectors.

Based On Industry Vertical: The gig economy spans various industry verticals, including transportation & logistics, construction & manufacturing, IT & telecom, healthcare, and others. Every industry has a unique set of gig worker demands, which range from immediate delivery solutions to specialised consulting and technical expertise.

Gig Economy Market Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Gig Economy in these regions, covering

North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

** Note - This report sample includes:

Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Insider Market Research

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)

• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

• Technological (Changes in digital or mobile technology, automation, research, and development)

• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

•Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Key takeaways from the Gig Economy Market report:

• Detailed consideration of Gig Economy industry-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.

• In-depth study of industry strategies for growth of the Gig Economy market-leading players.

• Gig Economy market latest innovations and major procedures.

• Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.

• Conclusive study about the growth conspiracy of Gig Economy market for forthcoming years.

Direct Contact:
Greta Richards
Business Development Manager
Insider Market Research
+1 614 385 1709
Email: greta@insidermarketresearch.com
Website: https://www.insidermarketresearch.com/

About Us:
Insider Market Research, we are dedicated to providing you with the comprehensive insights and detailed analyses you need to leverage the power of data and marketing, ensuring your business stays ahead of the curve.

This release was published on openPR.