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According to the latest research, the global Freelance Platforms market size was valued at USD 4942.31 million in 2022 and is expected to expand at a CAGR of 15.5% during the forecast period, reaching USD 11733.34 million by 2028.
Freelance platforms are a marketplace for businesses and freelance workers from all over the world. They typically make money by taking a cut from both the employer and the freelancer. For the money they charge, these platforms provide a hassle-free and convenient business experience to both parties.
Not surprisingly, most companies are turning to on-demand labor to optimize costs and survive and thrive in the post-COVID-19 world. The COVID-19 pandemic has changed the dynamics of the labor force. Because too many employees have been laid off, companies have to find alternative solutions to stay competitive. Even for more traditional companies, on-demand recruitment of freelancers and temporary workers has become the first choice. However, managing freelancers, remote workers, and independent contractors is never seamless and requires processes, planning, and reliable supplier management and freelance management services.
Due to the COVID-19 pandemic, many companies have to freeze their regular recruitment. However, most companies plan to increase or retain their freelance or project-based workforce. The growth of freelance projects caused by COVID-19 has created additional challenges for companies. When employees operate remotely, managing freelancers is time consuming and resource intensive. Organizations are increasingly using freelance platforms to deal with the rise of free projects, especially in areas such as software development. Therefore, the coronavirus pandemic is expected to have a positive impact on the global freelance platforms market in the next few years.
It is more and more popular to hire freelancers
Compared with traditional work areas, freelance platforms show great innovations in work processes. In fact, many millennials are not interested in long-term full-time jobs.
Machine learning capabilities can accelerate reliance on free platforms
Freelance is growing into an independent economic fringe. With major disruptions in the technical field, coupled with the innovation investment of mature participants, the freelance platforms market may see considerable growth in the next few years.
Increased competition among freelancers
A major disadvantage common to most freelance platforms is the level of competition. Freelancers are forced to constantly compete with others and work harder to get the coveted job that many people are fighting for. Such factors may limit the development of the freelance platforms market.
High technical barriers
The freelance platforms industry has high technical barriers. At this stage, there are already software companies of a certain scale, with a better market foundation and greater competitive advantage. Companies that have newly entered the freelance platforms market are affected by factors such as technology, experience, and talents, and it is difficult for them to develop in the short term. It takes a long time for new entrants to develop the freelance platforms market.
The prevalence of fraud
Some freelance platforms on the market have less control over their lists and service renderer configuration files. This in turn leaves room for possible fraudulent activity. Not every seller listed on the free market provides real services, which often leads to employers being deceived.
Region Overview:
In 2021, the share of the market in North America stood at 41.57%.
Company Overview:
Upwork is one of the major players operating in the Freelance Platforms market, holding a share of 11.2% in 2022.
Upwork
Upwork is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The develops platform for hiring and freelancing purpose.
Toptal
Toptal, LLC provides freelance marketplace and online outsourcing services. The Company owns and operates online talent marketplace that connects businesses and organizations to software developers and designers.
Segmentation Overview:
By type, Cloud Based segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment SMEs, with a market share of 66.66% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Freelance Platforms industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Freelance Platforms. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Freelance Platforms Market Report Include:
Market Size Estimates: Freelance Platforms market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Freelance Platforms market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Freelance Platforms market
Segment Market Analysis: Freelance Platforms market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Freelance Platforms market situations and prospects in major and top regions and countries
Freelance Platforms Market
Freelance Platforms Industry Chain: Freelance Platforms market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Freelance Platforms Industry News, Policies by regions
Freelance Platforms Industry Porters Five Forces Analysis
Key players in the global Freelance Platforms market are covered in Chapter 2:
WriterAccess
PeoplePerHour
Freelancer.com
Guru.com
Fiverr
Dribbble Hiring
Catalant
Field Nation
CrowdSPRING
Envato Studio
Toptal
DesignCrowd
Designhill
Bark
99Designs
Upwork
Gigster
DesignContest
TaskRabbit
Skyword
In Chapter 6 and Chapter 9, on the basis of types, the Freelance Platforms market from 2018 to 2028 is primarily split into:
Cloud Based
Web Based
In Chapter 7 and Chapter 10, on the basis of applications, the Freelance Platforms market from 2018 to 2028 covers:
Large Enterprises
SMEs
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Freelance Platforms market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Freelance Platforms industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Freelance Platforms market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Freelance Platforms industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Freelance Platforms market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Freelance Platforms market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Freelance Platforms market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Freelance platforms are a marketplace for businesses and freelance workers from all over the world. They typically make money by taking a cut from both the employer and the freelancer. For the money they charge, these platforms provide a hassle-free and convenient business experience to both parties.
Not surprisingly, most companies are turning to on-demand labor to optimize costs and survive and thrive in the post-COVID-19 world. The COVID-19 pandemic has changed the dynamics of the labor force. Because too many employees have been laid off, companies have to find alternative solutions to stay competitive. Even for more traditional companies, on-demand recruitment of freelancers and temporary workers has become the first choice. However, managing freelancers, remote workers, and independent contractors is never seamless and requires processes, planning, and reliable supplier management and freelance management services.
Due to the COVID-19 pandemic, many companies have to freeze their regular recruitment. However, most companies plan to increase or retain their freelance or project-based workforce. The growth of freelance projects caused by COVID-19 has created additional challenges for companies. When employees operate remotely, managing freelancers is time consuming and resource intensive. Organizations are increasingly using freelance platforms to deal with the rise of free projects, especially in areas such as software development. Therefore, the coronavirus pandemic is expected to have a positive impact on the global freelance platforms market in the next few years.
It is more and more popular to hire freelancers
Compared with traditional work areas, freelance platforms show great innovations in work processes. In fact, many millennials are not interested in long-term full-time jobs.
Machine learning capabilities can accelerate reliance on free platforms
Freelance is growing into an independent economic fringe. With major disruptions in the technical field, coupled with the innovation investment of mature participants, the freelance platforms market may see considerable growth in the next few years.
Increased competition among freelancers
A major disadvantage common to most freelance platforms is the level of competition. Freelancers are forced to constantly compete with others and work harder to get the coveted job that many people are fighting for. Such factors may limit the development of the freelance platforms market.
High technical barriers
The freelance platforms industry has high technical barriers. At this stage, there are already software companies of a certain scale, with a better market foundation and greater competitive advantage. Companies that have newly entered the freelance platforms market are affected by factors such as technology, experience, and talents, and it is difficult for them to develop in the short term. It takes a long time for new entrants to develop the freelance platforms market.
The prevalence of fraud
Some freelance platforms on the market have less control over their lists and service renderer configuration files. This in turn leaves room for possible fraudulent activity. Not every seller listed on the free market provides real services, which often leads to employers being deceived.
Region Overview:
In 2021, the share of the market in North America stood at 41.57%.
Company Overview:
Upwork is one of the major players operating in the Freelance Platforms market, holding a share of 11.2% in 2022.
Upwork
Upwork is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The develops platform for hiring and freelancing purpose.
Toptal
Toptal, LLC provides freelance marketplace and online outsourcing services. The Company owns and operates online talent marketplace that connects businesses and organizations to software developers and designers.
Segmentation Overview:
By type, Cloud Based segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment SMEs, with a market share of 66.66% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Freelance Platforms industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Freelance Platforms. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Freelance Platforms Market Report Include:
Market Size Estimates: Freelance Platforms market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Freelance Platforms market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Freelance Platforms market
Segment Market Analysis: Freelance Platforms market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Freelance Platforms market situations and prospects in major and top regions and countries
Freelance Platforms Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Freelance Platforms Industry Chain: Freelance Platforms market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Freelance Platforms Industry News, Policies by regions
Freelance Platforms Industry Porters Five Forces Analysis
Key players in the global Freelance Platforms market are covered in Chapter 2:
WriterAccess
PeoplePerHour
Freelancer.com
Guru.com
Fiverr
Dribbble Hiring
Catalant
Field Nation
CrowdSPRING
Envato Studio
Toptal
DesignCrowd
Designhill
Bark
99Designs
Upwork
Gigster
DesignContest
TaskRabbit
Skyword
In Chapter 6 and Chapter 9, on the basis of types, the Freelance Platforms market from 2018 to 2028 is primarily split into:
Cloud Based
Web Based
In Chapter 7 and Chapter 10, on the basis of applications, the Freelance Platforms market from 2018 to 2028 covers:
Large Enterprises
SMEs
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Freelance Platforms market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Freelance Platforms industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Freelance Platforms market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Freelance Platforms industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Freelance Platforms market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Freelance Platforms market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Freelance Platforms market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
