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 $116 billion for 2018, and the Brookings Institution forecasts it to grow to $335 billion by 2025.
     Closely intertwined with the sharing economy is an 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 who 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 efficiencies in the process, whether it's the ease of getting a restaurant meal ordered and delivered to the home or the convenience of getting a ride from an airport to a hotel.
       Examples of how the Sharing and Gig Economy is Disrupting Business and Industry: The traditional taxi business has been literally overwhelmed by competition from ride-hailing services such as Didi, Uber


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