Gig Economy & Sharing Economy Market Scope
Gig economy means when individuals offer their services on a part-time or casual basis to companies. On the other hand, sharing economy allows for individuals and families to take advantage of an asset they possess and rent it to people who need it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | TaskRabbit (United States) (Ikea), Talkspace (United States), Shipt (United States), Onefinestay (United Kingdom), Fiverr (Israel), Appen (Australia), Etsy (United States), Cabify (Spain), Airbnb (United States) and Tongal (United States) |
CAGR | 23.0% |
Global Gig Economy & Sharing Economy is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
TaskRabbit (United States) (Ikea), Talkspace (United States), Shipt (United States), Onefinestay (United Kingdom), Fiverr (Israel), Appen (Australia), Etsy (United States), Cabify (Spain), Airbnb (United States) and Tongal (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Uber (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Gig Economy & Sharing Economy market by Type , by Application (Consumer Goods, Financial Services, Personal Services, Travel and Accommodation and Others) and Region with country level break-up.
On the basis of geography, the market of Gig Economy & Sharing Economy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2023, DoorDash partners with Gopuff: This collaboration allowed DoorDash delivery drivers to pick up Gopuff convenience items alongside restaurant orders, expanding offerings and earning potential.
In November 2023, Getaround introduces "Getaround Connect". This feature allowed car owners to list their vehicles for short-term rentals directly through partnering businesses like dealerships and hotels, increasing car rental options and owner earning potential.
Influencing Trend:
Need to Bridges the Gap between Unutilized Asset Owners and Consumers as well as Employers and Freelancers and Advancement in Technologies
Market Growth Drivers:
Rapid Growth in Applications of Gig Economy & Sharing Economy
Challenges:
Regulatory Guidelines on the Gig Economy & Sharing Economy
Restraints:
Lack Of Protection of Consumer Data and Share It with Third Parties
Opportunities:
Growing Demand for Working Spaces, Money Lending Platforms can create Opportunities for the Market Growth
Key Target Audience
Gig Economy & Sharing Economy Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others