Global Gig Economy Platforms Market Overview:
The Gig Economy is referred to as the exchange of labor between individuals or enterprises through digital apps or platforms in consideration of money. The gig economy utilizes digital stages to interface consultants with clients to offer transient types of assistance or resource sharing incorporate ride-hailing applications, food conveyance applications, and occasion rental applications. A significant part of the stage economy is computerized work stages which incorporate both online stages, where work is re-appropriated through an open call to a geologically scattered group and area-based (applications) which dispense work to people in a particular topographical region, commonly to perform neighborhood, the administration arranged assignments like driving, getting things done or cleaning houses.
- An increase in demand for gig economy platforms due to their unique employment relationship upends the traditional ways of working in many ways
- Gig economy platform provides higher flexibility in terms of the work they can choose and the hours they dedicate
- Risk of dominant players engage in anticompetitive practices to limit competition for the market
- Risk of inefficiencies or consumer harm associated with the emergence of dominant platforms
- Development of the gig economy platform in the developing countries to reduce unemployment problem in emerging countries
- Development of technology infrastructure in the emerging economies
- Dependent employment and non-employer businesses are affected by some third factors omitted
- Lack of regulation to control platforms enabling gig work
The Gig Economy Platforms Market is fragmented with the availability of different small, medium, and giant players. The organizations are concentrated their activities majorly on research and development regarding the development and implementation of new technology advancement. Moreover, the companies are collaborating and making strategic partnerships with the technology provider companies to provide product uniqueness in the market and avail competitive advantage over other competitors.
Some of the key players profiled in the report are BellHops (United States), DoorDash (United States), Favor Delivery (United States), Fiverr (Israel), Freelancer (Australia), Guru.com (United States), Handy (United States), HopSkipDrive (United States), Rover (United States) and TaskRabbit (United States). Additionally, following companies can also be profiled that are part of our coverage like Turo (United States), Twago Enterprise (Germany) and Upwork (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Gig Economy Platforms market by 2026. Considering Market by By End User, the sub-segment i.e. Household Use will boost the Gig Economy Platforms market. Considering Market by By Industry Vertical, the sub-segment i.e. Freelancer will boost the Gig Economy Platforms market.
On 14 December 2020, DoorDash and Pay fare announced the launch of the DasherDirect platform, a banking solution for DoorDash delivery drivers (Dashers) offering a Business Prepaid Visa Card and mobile banking app. This marks DoorDash's first-ever financial platform for Dashers, providing them with exclusive new rewards and more flexibility and control over their earnings. This launch is part of DoorDash's Main Street Strong Pledge to empower local communities, which includes enabling Dashers to achieve greater financial empowerment and meet their professional goals.
What Can be Explored with the Gig Economy Platforms Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gig Economy Platforms Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gig Economy Platforms
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gig Economy Platforms market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gig Economy Platforms market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Technological Platform Providers, Government Bodies, Freelancers Community and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Gig Economy Platforms Market?
The Gig Economy Platforms market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Gig Economy Platforms Market?
Top performing companies in the Global Gig Economy Platforms market are BellHops (United States), DoorDash (United States), Favor Delivery (United States), Fiverr (Israel), Freelancer (Australia), Guru.com (United States), Handy (United States), HopSkipDrive (United States), Rover (United States) and TaskRabbit (United States), to name a few.
3. What trending factors would impact Gig Economy Platforms Market growth most?
"Growing technological advancement and adoption of technology, growing adoption of gig economy platforms
" is seen as one of major influencing trends for Gig Economy Platforms Market during projected period 2020-2026.