Sharing & Gig Economy, Freelance Workers & On-Demand Delivery Market Research

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Sharing & Gig Economy, Freelance Workers & On-Demand Delivery OVERVIEW

     Plunkett Research estimates the size of the global sharing economy at $280 billion for 2022.
     There were mixed results for this sector due to the Coronavirus pandemic.
     Ride-sharing companies saw plummeting revenues because of the shelter-at-home, work-from home environment.
     Likewise, accommodation-sharing platforms such as Airbnb and Vrbo saw large drops in revenues at first, while people were in shelter-at-home mode, but later saw business return as travelers sought options to hotels.
     At the same time, meal and grocery delivery services like GrubHub and Instacart soared—they were the perfect answer to closed restaurants and COVID-conscious consumers. Closely intertwined with the sharing economy is the expansion of “gig” and freelance work.
     While such short-term or one-time (“contingent”) work arrangements are not new, today's digital platforms enable a far greater number of people who desire gig or freelance work to connect with consumers and businesses that want to hire them.
     These platforms allow increased access to services and workers in ways never seen before.
     This segment is often referred to as the “gig economy.” The sharing and gig economy is a truly disruptive development that was enabled through the rapid, worldwide deployment of the smartphone and through the ease of development of massive web-based services via databases and other systems hosted in the cloud.
     The nature of this industry is disruptive because the sharing economy offers very advanced solutions to everyday problems, saving time and effort for consumers, and often saving costs and creating


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