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PUBLISHER: Grand View Research | PRODUCT CODE: 1301087
PUBLISHER: Grand View Research | PRODUCT CODE: 1301087
Freelance Platforms Market Size, Share & Trends Analysis Report By Component (Platform, Services), By End-user, By Application (Web & Graphic Design, Project Management), By Region, And Segment Forecasts, 2023 - 2030
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Freelance Platforms Market Growth & Trends
The global freelance platforms market size is expected to reach USD 14.39 billion by 2030, registering a CAGR of 16.5% during the forecast period, according to a new report by Grand View Research, Inc. The freelance platform connects businesses looking for skilled professionals and individuals looking for freelancing opportunities. Freelance platforms enable companies to post their workforce requirements, and freelancers display their skills and experience by creating profiles.
The COVID-19 pandemic led to a shift in the employment marketplace due to lockdown and social distancing norms. There was a shift to remote working from the traditional in-office work model. Moreover, the COVID-19 pandemic-induced job losses led to more people considering freelance work. In October 2020, Toptal, LLC, a freelance platform market player, reported that it experienced a rise of 55% in the number of applications for joining the company's global talent network in the first nine months of 2020 compared to the same period in 2019.
Businesses are embracing freelancing as they can avoid adding permanent employees to their workforce due to the COVID-19 pandemic-led economic uncertainties. Freelance platforms help businesses find talent for special projects or temporary job roles, helping them reduce costs. The companies can outsource tasks that require a specialized workforce, reducing the workload of full-time employees and helping them focus on other business activities. Freelancing platforms are also getting more specialized as there are platforms for specific skill sets. For instance, 99designs, an Australia-based freelance platform, connects designers to companies. Hence, employers looking for specialized skills can access the niche freelance platform directly.
Based on application, the market for freelance platforms is divided into project management, sales & marketing, IT, web and graphic design, and others. Growing project complexities across industries drive the demand for experienced project managers on freelance platforms. Based on end-user, the market for freelance platforms is divided into enterprises and freelancers (by age group). Large enterprises and SMEs are using freelance platforms due to growth in the adoption of the remote work model. Younger generation freelancers are attracted to freelancing as it offers a greater work-life balance.
The market players are introducing new solutions for freelance platform end-users. For instance, in June 2022, Upwork Global Inc. announced the launch of Upwork Academy, an interactive suite of tools and courses to help professionals succeed on Upwork Global Inc.'s freelance platform. With this launch, the company aimed to help professionals get the required skills.
The market for freelance platforms is highly competitive. Major players are investing in Research & Development (R&D) to drive innovation. Some prominent players include Upwork Global Inc.; Fiverr International Ltd.; Toptal; People Per Hour Ltd; Freelancer.com; Guru.com; and 99designs. These key players are adopting different development strategies such as product launches, mergers & acquisitions, and others to expand their presence and market share. Along with key strategies, these players are introducing new features to improve the customer experience.
In May 2023, Fiverr International Ltd. announced the launch of Fiverr Enterprise, a solution providing employers and enterprises with comprehensive control and a seamless all-in-one solution for sourcing, managing, onboarding, and paying their freelance talent. It simplifies essential tasks such as budget tracking, tax compliance, legal processes, and workforce classification. By offering these features, the company aims to streamline the freelancer management process and ensure compliance with relevant regulations, enabling businesses to work with freelancers effectively and efficiently.
Freelance Platforms Market Report Highlights
- Freelance platforms provide benefits to both businesses and freelancers, such as access to a diverse talent pool, cost reduction for businesses, and work flexibility for freelancers
- The services segment is projected to grow at the fastest CAGR over the forecast period
- The freelancers (by age group) segment dominated the market in 2022 with a revenue share of 53.0% and is expected to expand at a CAGR of 14.6% from 2023 to 2030
- The web and graphic design segment is projected to grow at the fastest CAGR of 19.2% over the forecast period
Product Code: GVR-4-68040-089-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Freelance Platforms Market Value Chain Analysis
- 3.3. Freelance Platforms Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Freelance Platforms Market PESTEL Analysis
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on the Freelance Platforms Market
Chapter 4. Freelance Platforms Market Component Outlook
- 4.1. Freelance Platforms Market, By Component Analysis & Market Share, 2022 & 2030
- 4.2. Platform
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.2.3. Project-based
- 4.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.2.4. Solution-based
- 4.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.2.5. Talent-based
- 4.2.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.2.6. Hybrid
- 4.2.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.2.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 4.3. Services
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 5. Freelance Platforms Market End-user Outlook
- 5.1. Freelance Platforms Market, By End-user Analysis & Market Share, 2022 & 2030
- 5.2. Employers
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.2.3. SMEs
- 5.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.2.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.2.4. Large enterprises
- 5.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.2.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.3. Freelancers (by Age Group)
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.3.3. 18 - 34
- 5.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.3.4. 35 - 54
- 5.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 5.3.5. Above 55
- 5.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 6. Freelance Platforms Market Application Outlook
- 6.1. Freelance Platforms Market, By Application Analysis & Market Share, 2022 & 2030
- 6.2. Project Management
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.3. Sales & Marketing
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.4. IT
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.5. Web and Graphic Design
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
- 6.6. Others
- 6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Billion)
Chapter 7. Freelance Platforms Market: Regional Estimates & Trend Analysis
- 7.1. Freelance Platforms Market Share by Region, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2017 - 2030
- 7.2.2. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.2.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.2.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.2.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.2.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.2.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.2.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2017 - 2030
- 7.3.2. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.3.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.3.5. UK
- 7.3.5.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.3.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.3.6. Germany
- 7.3.6.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.3.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.3.7.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.3.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2017 - 2030
- 7.4.2. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4.6. China
- 7.4.6.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.7.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.8.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.4.9. Australia
- 7.4.9.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.4.9.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.4.9.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2017 - 2030
- 7.5.2. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.5.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.5.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.5.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.5.6. Mexico
- 7.5.6.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.5.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.5.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2017 - 2030
- 7.6.2. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.6.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.6.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.6.6. U.A.E.
- 7.6.6.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.6.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.6.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
- 7.6.7. South Africa
- 7.6.7.1. Market estimates and forecasts, By Component, 2017 - 2030 (USD Billion)
- 7.6.7.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Billion)
- 7.6.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Billion)
Chapter 8. Freelance Platforms Market Competitive Landscape
- 8.1. Key Market Participants
- 8.1.1. Upwork Global Inc.
- 8.1.2. Fiverr International Ltd.
- 8.1.3. Toptal, LLC
- 8.1.4. People Per Hour Ltd
- 8.1.5. Freelancer Technology Pty Limited
- 8.1.6. Guru.com
- 8.1.7. 99designs
- 8.1.8. DesignCrowd
- 8.1.9. crowdspring
- 8.1.10. WorkGenius
- 8.1.11. Paro, Inc.
- 8.1.12. Contently
- 8.1.13. Gigster LLC
- 8.2. Key Company Market Share Analysis, 2022
- 8.3. Company Categorization/Position Analysis, 2022
- 8.4. Strategic Mapping
- 8.4.1. Expansion
- 8.4.2. Acquisition
- 8.4.3. Collaborations
- 8.4.4. Product/service launch
- 8.4.5. Partnerships
- 8.4.6. Others
Product Code: GVR-4-68040-089-6
List of Tables
- TABLE 1 Global freelance platforms market revenue estimates and forecast, by Component, 2017 - 2030 (USD Billion)
- TABLE 2 Global freelance platforms market revenue estimates and forecast, by Platform, 2017 - 2030 (USD Billion)
- TABLE 3 Global freelance platforms market revenue estimates and forecast, by End - user, 2017 - 2030 (USD Billion)
- TABLE 4 Global freelance platforms market revenue estimates and forecast, by Employers, 2017 - 2030 (USD Billion)
- TABLE 5 Global freelance platforms market revenue estimates and forecast, by Freelancers (by Age Group), 2017 - 2030 (USD Billion)
- TABLE 6 Global freelance platforms market revenue estimates and forecast, by Application, 2017 - 2030 (USD Billion)
- TABLE 7 Global freelance platforms market revenue estimates and forecast, by region, 2017 - 2030 (USD Billion)
- TABLE 8 Company heat map analysis
- TABLE 9 Key companies undertaking partnerships and collaboration
- TABLE 10 Key companies launching new products
List of Figures
- FIG. 1 Freelance platforms market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Data validating & publishing
- FIG. 6 Market snapshot
- FIG. 7 Segment snapshot (1/2)
- FIG. 8 Segment snapshot (2/2)
- FIG. 9 Competitive landscape snapshot
- FIG. 10 Freelance platforms market value, 2017 -2030 (USD Billion)
- FIG. 11 Freelance platforms market - Industry value chain analysis
- FIG. 12 Freelance platforms market - Market trends
- FIG. 13 Freelance platforms market: Porter's analysis
- FIG. 14 Freelance platforms market: PESTEL analysis
- FIG. 15 Freelance platforms market, by component: Key takeaways
- FIG. 16 Freelance platforms market, by component: Market share, 2022 & 2030
- FIG. 17 Platforms freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 18 Services freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 19 Freelance platforms market, by end-user: Key takeaways
- FIG. 20 Freelance platforms market, by end-user: Market share, 2022 & 2030
- FIG. 21 Employers freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 22 Freelancers (by age group) freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 23 Freelance platforms market, by application: Key takeaways
- FIG. 24 Freelance platforms market, by application: Market share, 2022 & 2030
- FIG. 25 Project management freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 26 Sales & marketing freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 27 IT freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 28 Web and graphic design freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 29 Others freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 30 Global freelance platforms market revenue, by region, 2022 & 2030 (USD Billion)
- FIG. 31 North America freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 32 U.S. freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 33 Canada freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 34 Europe freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 35 UK freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 36 Germany freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 37 France freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 38 Asia Pacific freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 39 India freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 40 China freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 41 Japan freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 42 South Korea freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 43 Australia freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 44 Latin America freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 45 Brazil freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 46 Mexico freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 47 Middle East & Africa freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 48 Kingdom of Saudi Arabia (KSA) freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 49 U.A.E. freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 50 South Africa freelance platforms market estimates & forecasts, 2017 - 2030 (USD Billion)
- FIG. 51 Key company categorization
- FIG. 52 Freelance platforms market - Key company market share analysis, 2022.
- FIG. 53 Strategic framework
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