What is Sharing Economy Market Scope?
The global sharing economy market has high growth due to rapid digitalization and urbanization across the globe. A sharing economy is an economic system in which assets or services are shared between peers or businesses for free or for a fee. The sharing economy is fully based on the technology where the use of technology to facilitate the exchanged access of goods or services between two or more parties. For example, business travelers visiting another city for a few days they can book a desk or a meeting space via their phone with real-time availability and prices. These spaces enable corporates to reduce operational costs and contain all facilities.
The Sharing Economy market study is being classified by Type (Shared Transportation, Shared Space, Sharing Financial, Sharing Food, Shared Health Care, Shared Knowledge Education, Shared Task Service, Shared Items and Other), by Application (Traffic, Electronic, Accommodation, Food and Beverage, Tourism, Education and Other) and major geographies with country level break-up.
The global sharing economy market is highly fragmented and key players are fully focused on product and service advancement and customer satisfaction. Analysts at AMA predicts that Players from United States and United Kingdom will contribute to the maximum growth of Global Sharing Economy market throughout the predicted period.
Airbnb, Inc. (United States), Uber Technologies, Inc. (United States), Lyft, Inc (United States), Neutron Holdings, Inc.(United States), JustPark (United Kingdom), Zipcar (United States), Spotahome (United Kingdom), Stashbee (United Kingdom), Fiverr (Isreal) and Couchsurfing (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BlaBlaCar (France) and Prosper Marketplace, Inc.(United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sharing Economy market by Type, Application and Region.
On the basis of geography, the market of Sharing Economy 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).
In May 2019, Uber announced it launching its new electric jump bikes in London (United Kingdom). The company’s red bikes which can be hired through the Uber app. The bikes have an electric motor, which is designed to stop people from breaking a sweat and can reach speeds of 15mph.
Influencing Market Trend
- Growth in the Internet of Things (IoT)
Market Drivers
- Rising Smartphone Penetration Worldwide
- Growth in the E-Commerce Industry
- Rising demand from Consumer of Sharing System to Access Goods who Can't Afford to Buy Them or Have No Interest in Long-Term Usage
- Rising Adoption of Sharing Business Area
Opportunities
- Rapid Urbanization and Digitalisation Worldwide
- Increasing Middle-Class Population in Developing Countries
Restraints
- Lack of Regulations
- Risk of Fraud and Scams
Challenges
- Data Privacy and Security Concern
- Issue related to Guarantee
Key Target Audience
Sharing Economy Service Provider, Potential Investors and Government Organisation and Research Firm
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