About Freelance Management Systems
A Freelance Management System is a cloud-based solution that helps business management for the independent contractor and freelance workforces. With the help of these software organizations from any sector, in any size enhance businesses. It delivers complete end-to-end management to freelance workstream, and it is easy to use. With the continuous development in technology, the adoption of freelance management technology has accelerated from the last few years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.0% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Freelance Management Systems 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 (United States), Upwork (United States), Shortlist (United States), Contently (United States), Skyword (United States), Bonsai (United States), Kalo (United States), Freelancer (Australia), Pipefy (United States) and WorkMarket (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 Guru (United States), OnForce (United States) and CrowdSource (United States).
Segmentation Overview
AMA Research has segmented the market of Global Freelance Management Systems market by and Region.
On the basis of geography, the market of Freelance Management Systems 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). If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Freelance Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Freelance Worker , the sub-segment i.e. Temporary Workers will boost the Freelance Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Computer And IT will boost the Freelance Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organization will boost the Freelance Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Adoption of Cloud-Based Services from Various Industries
Market Growth Drivers:
Enhancement in Workforce Across the Developed and Developing Regions and Increasing Number BPOs and KPOs Based Services
Challenges:
Increase in Demand for Maintenance Services
Restraints:
High Initial Costs Associated with Implementation of Software
Opportunities:
Technological Development in Big Data Analytics, Machine Learning, and Others and Increase Awareness Regarding the Adoption of Software to Manage the Lifecycle of Employees
Market Leaders and their expansionary development strategies
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.
In December 2023, The work marketplace announced that it was beginning the first of many partnerships with vendor management systems (VMS) and managed service providers (MSP) for its enterprise suite offering, starting with SAP Fieldglass and Flextrack.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Freelance Management Systems Providers, Government Regulatory and Research Organizations and End-Use Industries
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.