Product ID: SQMIG45A2055
Global Online Freelance Market Size, Share, Growth Analysis, By Application(Freelancer, Large enterprises), By Type(Web-based annd Cloud-based) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2055 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
61 |
Figures:
80
Global Online Freelance Market Insights
Online Freelance Platforms Market size was valued at USD 1.95 trillion in 2022 and is poised to grow from USD 2.19 trillion in 2023 to USD 5.63 trillion by 2031, at a CAGR of 12.5% during the forecast period (2024-2031).
Online resource, freelance platform help professionals to connect and work with clients. They can be used for a variety of purposes such as finding clients, tracking work, and hiring technical or creative freelancers. Some well-known freelance marketplaces are UpWork, Guru, and Fiverr. With over 2 million registered users, UpWork is the world's largest freelance marketplace. When choosing a freelance platform, some important factors to consider when choosing a freelance platform include user interface accessibility, client feedback system capabilities, payment processing options, and contractor management tools.
Freelance platforms typically have three main factors, platform owners who provide the infrastructure for centralized work, freelance workers who perform and submit work for compensation, and buyers who need to complete tasks for compensation. These platforms offer highly skilled or low skilled services. Require knowledge work in highly-skilled freelance platforms, projects such as software development, data science, consulting and web design are relatively demanding and specialized, also paying well. Most of these services are used for commercial purposes and are customized. Upwork is currently one of the largest freelance platforms in the market, with extensive expertise in areas such as software development, design and accounting. Upwork is also probably the most referenced high-skilled freelance platform.
According to a FlexJobs survey of more than 1,000 freelancers networking (56%) and job sites like FlexJobs, freelancers are the two most common ways to connect with clients. Freelancing offers flexibility in terms of time and duration. In the era of digital transformation, the nature of employment and workforce management has changed significantly. Freelancers have used their growing knowledge of the industry and the labour market to develop strategic approaches to promoting their skills. As a result, they earn more money, are generally happier at work, in their personal lives and in their social interactions, and can adjust their workload and compensation when they want or need to.
US Online Freelance Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Online Freelance Market Report Snapshots
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