The Global Gig Economy and Sharing Economy Market Size is estimated to register 15.5% growth over the forecast period from 2023 to 2030.
The Gig Economy and Sharing Economy Market have been rapidly evolving due to various factors and trends. The Gig Economy is driven by technology advancements, flexible work arrangements, income supplementation, skill diversification, and entrepreneurship. The COVID-19 pandemic has accelerated the adoption of remote gig work, creating global talent pools. Gig workers are increasingly viewed as entrepreneurs, and AI and automation are affecting the gig economy. Regulations and legal challenges are affecting the gig economy, leading to debates about worker classification and labour rights. On the other hand, the Sharing Economy is driven by access over ownership, environmental concerns, cost savings, trust and reputation systems, and urbanization. The sharing economy continues to expand into new sectors, such as food delivery, pet services, and coworking spaces. Regulatory challenges include safety, liability, and tax implications. Platforms are promoting collaborative consumption, blockchain, and decentralization, while sustainability initiatives are enhancing eco-friendly practices and waste reduction.
The tech-driven gig economy is undergoing significant expansion and change, driven by the widespread use of smartphones, high-speed internet, and user-friendly applications. This technological synergy is revolutionizing how people work and earn income. Smartphones have made gig work accessible, allowing individuals to easily connect to gig platforms, find opportunities, communicate with clients, and manage finances. High-speed internet has eliminated geographical barriers, enabling gig workers to tap into a global market. User-friendly apps connect gig workers with clients, streamlining the gig experience. This shift is not only empowering individuals but also enabling businesses to access on-demand talent, reducing costs, and increasing flexibility. The gig economy is poised to continue evolving, reshaping work and business operations in the digital age.
Skill diversification and entrepreneurship opportunities are driving a significant surge in demand within the Gig Economy market. As individuals increasingly recognize the value of honing a versatile skill set, they are leveraging their diverse talents to explore entrepreneurial ventures. This trend is reshaping the traditional job market as more people opt for freelance work, part-time contracts, and project-based assignments. It's not only empowering individuals to take control of their careers but also fostering innovation and creativity as entrepreneurs bring fresh perspectives and varied expertise to the table. In this dynamic landscape, the Gig Economy is flourishing, offering a multitude of opportunities for both skilled professionals and businesses seeking specialized talents on a flexible basis.
The rise of "Access over Ownership" is a profound shift in consumer behaviour, driven by changing preferences and the emergence of the sharing economy. More and more consumers are valuing access to goods and services over owning them outright. This shift is fuelled by the desire for cost-effectiveness, environmental consciousness, and convenience. The sharing economy, with its array of platforms facilitating peer-to-peer sharing, has tapped into this trend. It offers a diverse range of services, from ridesharing and vacation rentals to co-working spaces and tool-sharing, making it increasingly attractive to a broad and diverse customer base. As a result, the sharing economy market continues to expand rapidly, reshaping the way people think about ownership and consumption.
Ridesharing mode of transportation has fundamentally altered how people travel, connect, and utilize resources, ushering in an era marked by convenience, affordability, and sustainability. Its dominance is primarily driven by its transformative effect on urban mobility. In congested cities, ride-sharing platforms have emerged as solutions to traffic jams and parking problems, granting commuters access to a vast network of drivers via mobile apps, reducing the reliance on personal vehicles, and mitigating traffic congestion and carbon emissions. Furthermore, ride-sharing's growth can be attributed to the flexibility it offers drivers and passengers, fostering a diverse and dynamic workforce while providing passengers with on-demand, customizable transportation options. The dominance of ride-sharing also underscores the power of digital platforms to seamlessly connect supply and demand, democratizing the industry and enhancing consumer choice and competition. Beyond personal commuting, these platforms have expanded into food delivery, package courier services, and even medical transport, solidifying their position in the gig and sharing economy landscape. In essence, ride-sharing's dominance reflects its transformative impact on transportation, urban living, and economic opportunities, shaping the future of the modern economy.
The predominance is driven by several key factors. SMEs, often defined as businesses with fewer than 500 employees, excel in these markets due to their inherent agility and reduced bureaucracy compared to larger enterprises. Moreover, budget constraints are common among SMEs, and the gig economy and sharing economy offer cost-effective solutions for labour and other expenses. The flexibility these platforms provide allows SMEs to hire on a project basis, facilitating scalability. Additionally, they can achieve significant savings by utilizing gig workers for short-term projects and shared office spaces to reduce overhead. Furthermore, SMEs benefit from a broader talent pool, as they can easily access skilled gig workers from around the world, enabling them to find the best talent for their specific needs.
North America stands out as the foremost player in the Gig Economy and Sharing Economy Market.
The region benefits from a substantial and expanding population of millennials and Generation Z consumers who exhibit a greater propensity for engaging with Gig Economy and Sharing Economy platforms. Additionally, North America boasts a high degree of internet and smartphone accessibility, facilitating widespread usage of these services. A favourable regulatory landscape further supports the industry's growth, while the presence of industry giants like Uber, Lyft, Airbnb, and DoorDash cement North America's dominance in this evolving economic landscape.
By Type
By Application
By Region
*List not exhaustive
Gig Economy and Sharing Economy Market Outlook 2023
1 Market Overview
1.1 Introduction to the Gig Economy and Sharing Economy Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Gig Economy and Sharing Economy Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Gig Economy and Sharing Economy Market Companies with Area Served
4.2.2 Products Offerings Global Gig Economy and Sharing Economy Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Gig Economy and Sharing Economy Market Trends
6.1 Global Gig Economy and Sharing Economy Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Gig Economy and Sharing Economy Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Gig Economy and Sharing Economy Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Gig Economy and Sharing Economy Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Gig Economy and Sharing Economy Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Gig Economy and Sharing Economy Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Gig Economy and Sharing Economy Development Regional Status and Outlook
8.1 Global Gig Economy and Sharing Economy Revenue (USD Million) By Regions (2018-2022)
8.2 North America Gig Economy and Sharing Economy Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Gig Economy and Sharing Economy Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
8.5 South America Gig Economy and Sharing Economy Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Gig Economy and Sharing Economy Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Gig Economy and Sharing Economy Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Gig Economy and Sharing Economy Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Gig Economy and Sharing Economy Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Gig Economy and Sharing Economy Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Gig Economy and Sharing Economy Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Gig Economy and Sharing Economy Development Regional Status and Outlook Forecast
11.1 Global Gig Economy and Sharing Economy Revenue (USD Million) By Regions (2023-2030)
11.2 North America Gig Economy and Sharing Economy Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Gig Economy and Sharing Economy Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Gig Economy and Sharing Economy Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Gig Economy and Sharing Economy Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Gig Economy and Sharing Economy Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million), by Applications (2023-2030)
11.5 South America Gig Economy and Sharing Economy Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Gig Economy and Sharing Economy Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Gig Economy and Sharing Economy Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Gig Economy and Sharing Economy Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Gig Economy and Sharing Economy Market Companies with Areas Served
Table 3 Products Offerings Global Gig Economy and Sharing Economy Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Gig Economy and Sharing Economy Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Gig Economy and Sharing Economy Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Gig Economy and Sharing Economy Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 11 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Gig Economy and Sharing Economy Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Gig Economy and Sharing Economy Market Share (%) By Regions (2018-2022)
Table 16 North America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Table 17 North America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 18 North America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Table 26 South America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 27 South America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 33 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Gig Economy and Sharing Economy Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Gig Economy and Sharing Economy Revenue (USD)By Country (2023-2030)
Table 38 North America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 39 North America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Table 47 South America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 48 South America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Type (2022)
Figure 5 Global Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Applications (2022)
Figure 7 Global Gig Economy and Sharing Economy Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Gig Economy and Sharing Economy Market Share (%) By Regions (2022)
Figure 9 North America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Type (2030)
Figure 26 Global Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Gig Economy and Sharing Economy Revenue Market Share (%) By Applications (2030)
Figure 28 Global Gig Economy and Sharing Economy Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Gig Economy and Sharing Economy Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Gig Economy and Sharing Economy Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Application
By Region