About Freelance Management Software
Freelance Management Software provides a centralized repository for hiring, and payroll management for businesses employing freelancers, contractors, or independent consultants. These software can be deployed on premises or cloud. It helps to oversee the entire freelancer relationship from finding a freelancer to measuring their performance. This software provides effective freelancer screening and hiring features, onboarding solutions, work collaboration management tools, and organizes freelancer payments, expenses, and contracts. It is widely used by hiring managers in various end user industries to have onboarding solutions, As per sources, approximately 57 million Americans work as freelancers. This has increased the demand for the freelance management software globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 18.13% |
Global freelance management software market is fragmented due to the presence of several software providers. The level of competition among the companies in the freelance management software market is intense and software providers focus on developing new technologies and offering customization to the customers. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Freelance Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Spera Inc (United States), Shortlist Project Inc. (United States), Upwork Inc. (United States), Contently, Inc. (United States), Kalo Industries (United Kingdom), Freelancer Technology Pty Limited (Australia), WorkMarket, Inc (United States), Guru Software (India), OnForce (New England) and CrowdSource (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Freework GmbH (Germany), TalentDesk.io (United Kingdom), Expert360 (Australia), Fiverr (United States), Dribbble Hiring (United States) and Starkflow (United States).
Segmentation Overview
AMA Research has segmented the market of Global Freelance Management Software market by Type (Integrated Software and Standalone Software), Application (Large Enterprises and Small & Medium Enterprises (SMEs)) and Region.
On the basis of geography, the market of Freelance Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Freelance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software Subscription, the sub-segment i.e. Monthly will boost the Freelance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Premium will boost the Freelance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend For Talent-As-A-Service (Taas)
Market Growth Drivers:
Rising Demand For IT Professional Worldwide and Ease Of Access To Global Talent With Broad Network Access To Select The Best Choice For Labor Needs
Challenges:
Authenticity of Job Providers and Large Number of Software Providers
Restraints:
Data Privacy Concerns
Opportunities:
Huge Opportunities In Overseas Freelancing, Growing Deployment of Cloud based Freelance Management Software and Enable Freelancers And Companies To Collaborate Directly With Each Other Without Third-Party Intervention
Market Leaders and their expansionary development strategies
In October 2023, Opolis has partnered with the Freelancers Union, a nonprofit organization that serves freelancers across the U.S., to offer employment payroll, benefits, and access to shared services like unemployment, disability, and tax compliance.
In October 2023, Vlorish launched its new freelancer finance platform aimed at disrupting traditional bookkeeping, budgeting and credit scoring models for the freelance market. The platform aims to replace cumbersome spreadsheets with a user-friendly system, providing comprehensive financial tools for a better financial life.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Freelance Management Software Providers, Cloud Service Providers, Government Regulatory, Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.