A latest report from Absolute Markets Insights covers insights into the global Freelance Management Platform market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Freelance Management Platform market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Freelance Management Platform report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Freelance Management Platform report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Freelance Management Platform market include: Bonsai, COWORKS , Field Nation, LLC., Freework GmbH, Kalo Industries Inc., Lano Software GmbH, Lumina Datamatics, Microsoft, OneSpace, PPH Enterprise Solutions Limited (TalentDesk.io), Randstad N.V., Shortlist Project Inc., Spera Inc., Upwork Global Inc., WorkMarket, Inc., amongst others.
In terms of revenue, the global freelance management platform market is expected to reach US$ 4022.4 Mn by 2030, growing at a CAGR of 5.7% over the forecast period (2022 – 2030).
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Freelance Management Platform Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Freelance Management Platform Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Freelance Management Platform Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Freelance Management Platform Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Freelance Management Platform Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Freelance Management Platform market?
Technology has radically transformed the hiring processes in organizations around the globe. At the time of the industrial revolution, employees in the manufacturing sector were hired on an hourly basis. Working conditions were also not satisfactory, as records showed that the unskilled workers worked for 14-16 hours a day. As time progressed, employees began seeking flexible working hours. The boom of the information technology industry during the late twentieth century is playing a crucial role in overall development. During recent times, professionals are increasingly choosing the path of freelancing, wherein they are simultaneously working on a number of projects from various companies, rather than being employed by a single company. Estimates suggest that there are around 57 million freelancers in the U.S. alone. Work from home benefits offered to freelancers is a major reason for the growth of freelancers in the recent past, thus driving the growth of freelance management platform market. Working from home enables an individual to spend more time with their family, and enhances productivity.
Studies show that there can be a 13% improvement in productivity when individuals are working from home. Comfortable environment, favourable diet, lack of hassles related to commutation, etc., are major reasons for the increase in productivity. Furthermore, the employers are also greatly benefited by the growth of freelancers. Activities such as recruiting and onboarding are time consuming as well as resource intensive. The cost of hiring a new employee can rise up to US$ 5,000 in manufacturing and automotive sector. In a service-based industry, the average cost is around US$ 1,000. Assigning a project to a freelancer helps company save considerable amount of time in the hiring process. Along with this, a permanent employee needs to provided benefits like social security, medical insurance, cab facilities, etc., which further adds onto the expenses.
Companies can procure freelancers that are highly skilled based on the project requirements. The rise in hiring of freelancers makes it difficult for the companies to keep track of their operations and payments. However, the use of a freelance management platform can help the company to streamline the handling of freelancers, as the platform has features like payment tracking, project status monitoring, reviewing, etc. Also, in projects which involve regular employees and freelancers, freelance management platforms help in analysing the progress of the entire team separately. These platforms provide a one stop solution for the companies to meet their freelance management needs. The increasing demand for efficient and hassle-free handling of freelancers amongst enterprises is leading to the growth of the global freelance management platform market.
Companies have been forced to redesign their hiring process as a result of the COVID-19 pandemic. Studies show that around 25 million individuals can be terminated from their jobs in the worst case scenario. Drying up of revenue in companies is forcing them to cut costs and redundancies. They are focussing on freelancers, as opposed to permanent workers, as it is more economic based on the current situation. Hiring has also been halted in several companies. Around 45% of the hiring managers reported freezing their regular recruitment due to the pandemic. However, more than 70% of the managers were planning on increasing or maintaining their freelancers, or project-based workforce. The growth in freelance projects due to COVID-19 is presenting additional challenges to the companies. Managing of freelancers when the employees are operating remotely is both time and resource consuming. Freelance management platforms are being increasingly used by organizations to handle the rise of freelance projects, especially in domains such as software development. Therefore, coronavirus pandemic is expected to have a positive impact on the global freelance management platform market in the coming years.
Global Freelance Management Platform Market Segmentation:
Freelance Management Platform Market By Offering (Solutions (Cloud ,On Premise), Services); By Office Size (Small And Medium Offices, Large Offices) ; By Department (Human Resources, Legal, Finance And Accounting, Information Technology, Sales And Marketing, Others); By Industry Vertical (Banking Financial Services And Insurance (BFSI), Education, Healthcare, Information Technology And Telecommunication, Media And Entertainment, Manufacturing, Retail, Travel And Hospitality, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022-2030
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