In 2023, the projected gross volume of the gig economy is expected to reach ***** billion U.S. dollars. The gig economy is commonly defined as digital platforms that allow freelancers to connect with potential clients for short-term jobs, contracted work, or asset-sharing.
This statistic shows the number of freelancers in the United States from 2017 to 2028. It is projected that in 2027, **** million people will be freelancing in the United States and will make up **** percent of the total U.S. workforce.
In 2023, there were an estimated 64 million people doing freelance work in the United States. This is an increase from 2014, when there were about 53 million people freelancing. The number of freelancers in the U.S. has been increasing since 2014.
In 2023, an estimated ** percent of the U.S. workforce did some form of freelance work. While a slight decrease from 2022, the number has seen an upward trend since 2014, when ** percent of the workforce had done some freelancing. The estimated number of freelance workers in the United States can be accessed here.
According to a 2023 survey, 15 percent of Gen Z reported that they worked as freelancers. In comparison, around 45 percent were Millennials. The source adds that the rise of influencer culture and content is attracting younger people to freelance in higher numbers.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The freelance platforms market, valued at $6.56 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 16.66% from 2025 to 2033. This surge is driven by several key factors. The increasing preference for flexible work arrangements among both employers and freelancers is a primary driver. Businesses are increasingly outsourcing projects to reduce overhead costs and access specialized skills on demand. Simultaneously, freelancers are seeking greater autonomy and diverse work opportunities, leading to a substantial increase in platform usage. Technological advancements, including improved communication tools and project management software integrated within these platforms, are further streamlining workflows and enhancing user experiences. The expanding gig economy, coupled with the rise of remote work, fuels the demand for efficient platforms connecting freelancers with clients across diverse industries. Market segmentation reveals significant opportunities within various application sectors. Project management, sales and marketing, IT, web and graphic design, and other specialized applications all contribute substantially to the market's overall value. The end-user segment is broadly divided between employers seeking cost-effective solutions and freelancers aiming for lucrative and manageable work. North America currently holds a significant market share, but regions like Asia and Europe are expected to witness rapid growth, driven by increasing internet penetration and the adoption of digital work practices. Competitive analysis shows a landscape populated by established players like Upwork and Fiverr, alongside emerging platforms vying for market share. The sustained growth trajectory indicates a promising future for this market, with continued innovation and expansion across geographical and application segments. Freelance Platforms Market: A Comprehensive Analysis (2019-2033) This in-depth report provides a comprehensive analysis of the global freelance platforms market, projecting a robust growth trajectory fueled by technological advancements and evolving work dynamics. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report offers invaluable insights for businesses, investors, and researchers seeking to understand this dynamic market valued at billions. Recent developments include: November 2023: Upwork launched a new set of AI apps and offers, along with new educational content, so that independent talent on Upwork can utilize the overall potential of generative AI to enhance their productivity as well as improve the overall quality of their work. The launch mainly includes partnerships with industry-leading providers of tools that include generative AI, involving Amazon, Adobe, ClickUp, and Miro, as well as training resources from Jasper, Coursera, and Udemy., August 2023: Fiverr International Ltd launched a brand-new business solutions suite for mid- and large-size businesses, the all-new Fiverr Pro, and the debut of its neural network-powered Fiverr Neo with an aim to tackle the complex task of matching talent with customers.. Key drivers for this market are: Growing Need for Flexible Workforce, Increasing Demand for Specialized Skills. Potential restraints include: Slower Response Time of Underfloor Heating Systems than Radiator Systems. Notable trends are: Services Component to Witness Major Growth.
For the financial year 2021, around ** percent of gig work is projected to be in high skilled jobs, ** percent in medium skilled and ** percent in low skilled jobs. The trends reflect a gradual increase in high and low skilled jobs till 2030.
Sharing Economy Market Size 2025-2029
The sharing economy market size is forecast to increase by USD 1118.8 billion, at a CAGR of 32.3% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing popularity of online ride-hailing services. This trend is fueled by the convenience and affordability these services offer, enabling users to access transportation on demand. Another key driver is the adoption of blockchain technology in the sharing economy, which enhances security and trust between users, facilitating seamless transactions. However, the market also faces regulatory challenges, as governments grapple with the complexities of overseeing peer-to-peer transactions and ensuring consumer protection.
Companies looking to capitalize on the opportunities presented by the sharing economy must navigate these regulatory hurdles while maintaining a focus on innovation and user experience. Effective strategic planning and operational agility will be essential for success in this dynamic market.
What will be the Size of the Sharing Economy Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The market continues to evolve, with digital platforms revolutionizing various sectors through peer-to-peer transactions and collaborative consumption. Platform governance and digital identity play crucial roles in ensuring trust and safety, while user experience and mobile applications enhance accessibility. User reviews and community marketplaces foster community building and customer loyalty. Technology adoption, including machine learning and artificial intelligence, drives operational efficiency and innovation. Trust and safety measures, such as security measures and reputation management, mitigate risks. Monetization strategies, including peer-to-peer lending and revenue streams, enable platform sustainability. Circular economy principles and sustainable consumption are gaining traction, aligning with social responsibility and economic sustainability.
Legal frameworks and network effects shape the regulatory landscape, while pricing models and network effects influence market dynamics. The future of work is evolving, with freelancing platforms and task rabbiting shaping the gig economy. Blockchain technology and smart contracts offer potential solutions for trust, transparency, and decentralized finance. Insuring against risks and managing tax implications remain critical considerations. Continuous innovation and adaptation are essential for success in the market. Platforms must prioritize user experience, trust and safety, and operational efficiency while navigating regulatory frameworks and social impact.
How is this Sharing Economy Industry segmented?
The sharing economy industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Sharing accommodation
Sharing transport
Sharing finance
Others
End-user
Individual
Business
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
China
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Type Insights
The sharing accommodation segment is estimated to witness significant growth during the forecast period.
The market in the US is characterized by robust competition among digital platforms that facilitate peer-to-peer transactions in various sectors, including accommodation, freelancing, and peer-to-peer lending. Sharing economy regulations continue to evolve, shaping the market's dynamics. In the accommodation sector, individuals rent or share their living spaces through online platforms, offering cost-effective, flexible alternatives to traditional lodging. This trend is particularly popular among budget-conscious consumers, students, and those seeking affordable short-term stays. Platform governance and user experience are crucial factors in building customer loyalty and trust. Digital identity and user reviews play a significant role in ensuring trust and safety.
Payment gateways enable seamless transactions, while machine learning and artificial intelligence power personalized recommendations and pricing models. The circular economy and sustainable consumption are gaining traction, with many platforms emphasizing the social impact of their services. Operational efficiency and security measures are essential for platform monetization. Community marketplaces and community building foster network effects, driving user acquisition and revenue streams. Peer-to-peer lending platforms offer alternative financing options, while task rabb
Freelance Platforms Market Size 2025-2029
The freelance platforms market size is forecast to increase by USD 24.97 billion, at a CAGR of 29.1% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing focus on cost effectiveness and the growing number of partnerships and acquisitions. Companies are recognizing the value of engaging freelance talent to reduce operational costs and increase agility. This trend is further fueled by the expanding pool of skilled freelancers, offering businesses access to a diverse range of expertise. However, this market landscape is not without challenges. The increasing reliance on digital platforms for work collaboration and data exchange heightens the risks related to data security and privacy.
The market is thriving, driven by digital transformation and a growing freelance talent pool. As more businesses adopt freelance platforms, they must address these concerns to maintain trust with their clients and protect sensitive information. Effective data security measures and transparent privacy policies are essential for companies seeking to capitalize on the opportunities presented by the market while mitigating potential risks.
What will be the Size of the Freelance Platforms Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The freelancing industry continues to evolve, presenting both opportunities and challenges for participants. Platform owners, recognizing the potential of this decentralized workforce, have been quick to expand their offerings, incorporating software development, data analysis, consulting, web design, and workforce management, among others. Freelancing rates vary significantly across different skill sets and customer segments, shaping the competitive landscape. Venture capital investments have fueled the growth of freelancing ecosystems, providing funding for innovative business models and solutions. Ethical considerations, such as fair pay and work conditions, are increasingly important in the freelancing industry. Customer segmentation and marketing strategies are essential for freelancers to target their services effectively. Freelancing trends include the rise of remote work and the increasing use of technology to streamline operations. Regulations and partnerships are shaping the future of the freelancing industry, offering new opportunities for growth.
Freelancing revenue models continue to evolve, with subscription-based and project-based models gaining popularity. Success stories abound in the freelancing industry, demonstrating the potential for high earnings and flexible work arrangements. The freelancing industry's impact on the economy is significant, with market share continuing to grow. Research and analysis are crucial for freelancers to stay informed about industry trends and best practices. Freelancing acquisitions and collaborations are creating new opportunities for growth and innovation. As the world embraces the metaverse and NFT marketplaces, the potential for freelance platforms to evolve and adapt is immense.
How is this Freelance Platforms Industry segmented?
The freelance platforms industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Freelancers
Employers
Application
Project management
Sales and marketing
IT
Web and graphic design
Others
Business Segment
B2B platforms
B2C platforms
Hybrid models
Geography
North America
US
Canada
Mexico
Europe
France
Germany
UK
APAC
China
India
Japan
The Philippines
Rest of World (ROW)
By End-user Insights
The freelancers segment is estimated to witness significant growth during the forecast period. The freelance marketplace continues to evolve, with freelancers offering on-demand services to businesses at competitive prices, driving market growth. In 2024, the freelancer segment is predicted to remain dominant, as more independent workers join the gig economy. These platforms facilitate connections between employers and freelancers, enabling businesses to find skilled candidates based on various criteria. Freelance consulting was once a niche offering, but it's increasingly pervasive, fueled by digital networking. Freelancers provide businesses with flexibility and cost savings, while offering them access to a vast talent pool. Freelance data privacy, invoicing, automation, business development, tax compliance, cybersecurity, revenue generation, augmented reality, and other services are essential for freelancers to thrive in this market.
Remote
In 2024, the number of full-time independent workers in the United States increased. However, the number of part-time and occasional independent workers saw a slight decrease. There were about **** million occasional independent workers in the United States, an increase from **** million in 2020.
https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy
The United States ancillary insurance market was valued at USD 471.90 Million in 2024. Surging gig economy participation and rising high-deductible health plans are compelling employers and platforms to integrate ancillary insurance, including dental, vision, and critical illness, into portable, employee-chosen benefit packages. In turn, the market is projected to grow at a CAGR of 9.27% during the forecast period of 2025-2034 to reach a value of USD 1145.14 Million by 2034.
Ancillary insurance has moved beyond its traditional support role and grown into an integral part in the nation's healthcare ecosystem. In 2023, 293 million Americans had dental coverage, which reflects a steady reliance on these ancillary benefits. On the other hand, the United States Bureau of Labor Statistics notes that over 72% of full-time workers now have access to at least one form of ancillary coverage, including vision, dental, or hearing care. This trend highlights a strategic shift in employer-led health initiatives toward holistic employee wellness.
Notably, the government has amplified demand in the United States ancillary insurance market. Programs like Medicare Advantage have begun integrating ancillary services such as vision and hearing benefits into their offerings. In 2024, over 97% of Medicare Advantage plans included hearing, dental, and vision benefits, indicating rising institutional adoption. Moreover, legislative frameworks such as the Dental and Optometric Care Access Act are slowly reshaping reimbursement models, making ancillary care more accessible and financially viable for providers and insurers alike.
In addition, the private insurance sector is embracing tech-driven innovation, reshaping the entire United States ancillary insurance market trends and dynamics. Insurtech platforms are simplifying plan selection, while embedded insurance products allow employers to offer tailored bundles. For example, Lemonade based in the United States offers AI-powered property & renters' insurance. Meanwhile, Zego offers usage-based commercial vehicle coverage. Ancillary products, once seen as optional perks, are fast becoming decisive factors in workforce retention and employee satisfaction strategies.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
People in work on zero hours contracts in their main job, including by age, sex and region, UK, published quarterly, non-seasonally adjusted. Labour Force Survey. These are official statistics in development.
Around ** percent of white-collar gig jobs in India were in the IT software and services. It was followed by advertising and marketing. Highly skilled professionals in the country are choosing gig work for flexibility, work-life balance, and higher salaries.
Human Resource Outsourcing (HRO) Market Size 2025-2029
The human resource outsourcing (HRO) market size is forecast to increase by USD 14.1 billion, at a CAGR of 5.3% between 2024 and 2029.
The market is experiencing significant growth, driven by the digitization of HR processes. Companies are increasingly turning to HRO providers to streamline their HR functions and leverage advanced technologies for more efficient and effective recruitment and talent management. Another key trend is the adoption of recruitment analytics, which allows organizations to make data-driven decisions regarding hiring and workforce planning. However, this market is not without challenges. One significant obstacle is the increasing dependence on outsourcing agencies, which can lead to data security concerns and potential loss of control over sensitive HR information. Additionally, the need for customized solutions and the complexity of HR processes can make implementation and integration challenging for some organizations.
To capitalize on the opportunities presented by the HRO market and navigate these challenges effectively, companies must carefully evaluate potential providers and invest in robust data security measures. By doing so, they can reap the benefits of outsourcing their HR functions, including cost savings, improved efficiency, and access to specialized expertise.
What will be the Size of the Human Resource Outsourcing (HRO) Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The market continues to evolve, adapting to the ever-changing business landscape. Employee advocacy and engagement are at the forefront of HRO strategies, ensuring a positive work experience for a diverse and flexible workforce. HR technology (HRtech) plays a pivotal role in facilitating these efforts, with cloud-based solutions enabling real-time data access and analytics for workforce planning and performance management. Shared services and global compliance are essential components of HRO, addressing the complexities of managing a multinational workforce. HR outsourcing models continue to evolve, with a focus on strategic partnerships and company management, ensuring regulatory compliance and cost optimization.
The gig economy and digital HR are shaping the future of work, requiring HRO to adapt to new employment models and compliance management. HR transformation is a continuous process, with a focus on upskilling and reskilling, ethics and governance, and talent acquisition. HR metrics and employee well-being are becoming increasingly important, with a focus on data security and privacy. HR consulting and brand building are crucial for organizations seeking to attract and retain top talent. Remote work and learning and development are essential components of HR service delivery, enabling a flexible and productive workforce. Payroll processing and benefits administration are critical functions of HRO, requiring HR automation and compliance with labor laws.
Succession planning and risk management are essential for long-term workforce planning and employee relations. In the evolving HR regulatory landscape, HRO providers must stay abreast of the latest trends and developments to ensure effective and efficient HR service delivery. HR cost optimization and outsourcing strategy are essential for organizations seeking to maximize their HR budgets and resources. In conclusion, the HRO market is a dynamic and complex landscape, requiring continuous adaptation and innovation to meet the evolving needs of organizations and their workforces. HR outsourcing providers must remain agile and responsive to ensure effective and efficient HR service delivery, while maintaining a focus on employee advocacy, engagement, and well-being.
How is this Human Resource Outsourcing (HRO) Industry segmented?
The human resource outsourcing (HRO) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Large enterprises
SMEs
Service
PO
BAO
MPHRO
RPO
LSO
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
APAC
China
India
Japan
South America
Brazil
Rest of World (ROW)
By End-user Insights
The large enterprises segment is estimated to witness significant growth during the forecast period.
In today's business landscape, large enterprises with over 5000 employees are increasingly collaborating with industry leaders from various sizes and locations to drive innovation in human resource management. This collaboration enables these enterprises to offer a range of H
https://www.verifiedmarketresearch.com/privacy-policy/https://www.verifiedmarketresearch.com/privacy-policy/
Online Coaching Platforms Market size was valued at USD 2430.18 Million in 2023 and is projected to reach USD 6043.73 Million by 2030, growing at a CAGR of 13.9% during the forecast period 2024-2030.
Global Online Coaching Platforms Market Drivers
The market drivers for the Online Coaching Platforms Market can be influenced by various factors. These may include:
Growing Need for Online Education: One of the main factors driving the need for online coaching platforms is the global trend toward e-learning and online education. Apps that provide coaching services are in greater demand as more people and organizations adopt digital learning. Trends in Remote Work and Learning: The increased popularity of flexible work schedules and remote employment has led to a faster uptake of online coaching platforms. People from all over the world are looking for flexible, on-demand coaching options to improve their abilities and expertise. Growing Emphasis on Skill Development: People are seeking coaching across a range of areas as a result of the increasing emphasis on lifelong learning and skill development to be competitive in the labor market. Online coaching platforms offer customized skill-building programs that are easily accessible. The rise of the gig economy: The need for ongoing education and skill development is driven by the gig economy and the demand for independent contractors and freelancers. Platforms for online coaching serve independent professionals and freelancers who want to advance their skills. Technological Developments: The capabilities of online coaching platforms are improved by technological developments such as data analytics, video conferencing, and artificial intelligence. Progress tracking, feedback, and individualized coaching are made possible by these tools. Enhanced Accessibility: A worldwide audience can be reached through online coaching platforms. By establishing connections with mentors and coaches from various regions, learners can increase their access to knowledge that might not be available locally. Lifelong Learning Culture: People are encouraged to pursue further education throughout their professions as a result of the cultural change towards lifelong learning. By offering a range of coaching programs for both professional and personal growth, online coaching platforms contribute to this culture. Corporate Training and Professional Development: Employers are increasingly using online coaching platforms to give their staff members access to training and development possibilities. This covers training in communication techniques, coaching for leaders, and other specialized coaching initiatives. Personalized Learning Environments: With the use of AI and data analytics, online coaching platforms may customize learning environments according to the preferences, performance, and goals of each individual student. Skill development that is more effective is facilitated by personalized learning. Training in Soft capabilities: In addition to technical capabilities, coaching in soft skills like leadership, emotional intelligence, and communication is becoming more and more in demand. Platforms for virtual coaching provide courses to improve these vital abilities. Entrepreneurship and Small Business Support: People who want to launch or expand their own companies look for small business management and entrepreneurship coaching. Online coaching programs offer advice on operations, marketing, and business strategy. Cost-Effectiveness and Affordability: Compared to conventional in-person coaching, online coaching platforms frequently provide more cost-effective coaching solutions. This increases the number of people who can use coaching services, including professionals, entrepreneurs, and students.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Over the five years through 2024-25, industry revenue is expected to contract at a compound annual rate of 2.5% to £96.8 million. Tumbling revenue is spearheaded by pandemic-induced disruption to the fuel and fuel-related products and services market, leading to a 14.5% drop in revenue over 2020-21. The recovery of the fuel card industry was weak in the two years through 2022-23, mainly because of supply chain disruptions and lower business traffic, squeezing the car fleet market. In 2023-24, revenue rebounded as unsustainable hikes in the price of fuel have led many consumers to seek discounts, benefitting the industry and propelling growth. Over 2024-25, industry revenue is expected to drop by 3.8% as business confidence climbs and fuel prices settle, discouraging downstream businesses from seeking fuel card solutions. To recover pre-COVID profit levels, companies are focusing on innovation and diversification, such as expanding networks to include electric vehicle charging points and utilizing data analytics for personalized fleet management insights. While rising fuel prices due to geopolitical tensions like the Russia-Ukraine conflict initially increased demand for cost-effective fuel card solutions, falling prices by late 2024 have diminished the urgency for adoption. To navigate the challenges of reduced demand, providers are enhancing their offerings with integrated payment solutions and subscription-based services, such as vehicle tracking and compliance management. By targeting smaller fleets and utilizing digital platforms, companies like FleetCor and Shell aim to maintain revenue resilience by adapting to market needs and fostering customer loyalty. Over the five years through 2029-30, industry revenue is expected to expand at a compound annual rate of 2.8% to reach £111 million. The UK's fuel card industry will have to adapt to challenges from stabilising fuel prices, geopolitical tensions, and a shift towards electric vehicles by diversifying its offerings and innovating. While stable fuel prices may reduce fuel card demand, geopolitical disruptions could reignite interest. The expansion in electric and hybrid vehicle registrations, propelled by sustainability goals, necessitates partnerships with renewable energy suppliers. Post-Brexit regulatory changes and the growing preference for digital payments further influence the market, urging providers to adopt digital and contactless solutions to stay competitive. Strategic partnerships with mobility services, exemplified by BP's collaboration with Uber, are expanding service offerings beyond fuel management, helping to future-proof the sector and tap into emerging markets like last-mile delivery and the gig economy.
Recruitment Process Outsourcing Market Size 2025-2029
The recruitment process outsourcing market size is forecast to increase by USD 13.93 billion, at a CAGR of 19.6% between 2024 and 2029.
The Recruitment Process Outsourcing (RPO) market is driven by the significant cost savings achieved through the streamlining of hiring processes. Companies are increasingly turning to RPO solutions to reduce expenses associated with recruitment, such as advertising costs and time spent on administrative tasks. This trend is further fueled by the growing complexity of talent acquisition, necessitating specialized expertise and resources. Another key trend shaping the RPO market is the integration of data analytics and artificial intelligence (AI) into recruitment processes. These technologies enable more efficient candidate screening, improved candidate matching, and enhanced hiring decision-making. However, this trend also presents a challenge, as over-reliance on a single company for these advanced solutions could lead to vulnerabilities and potential risks.
Companies must strike a balance between leveraging the benefits of technology and maintaining strategic flexibility to mitigate risks and adapt to changing talent acquisition needs. To capitalize on opportunities and navigate challenges effectively, organizations must stay informed of market developments and adopt a strategic approach to RPO partnerships.
What will be the Size of the Recruitment Process Outsourcing Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The Recruitment Process Outsourcing (RPO) market continues to evolve, adapting to the ever-changing dynamics of the global business landscape. RPO providers offer a comprehensive suite of services, seamlessly integrating entities such as talent acquisition strategy, performance management, quality of hire, process automation, contract staffing, and talent management. These solutions enable organizations to effectively address ongoing challenges, including skills gap analysis, executive search, and employer branding, while navigating the complexities of change management and strategic workforce planning. Moreover, RPOs play a crucial role in ensuring compliance audits and technology integration, allowing businesses to stay abreast of regulatory requirements and leverage advanced HR technologies.
The RPO market also caters to various sectors, addressing the unique needs of permanent staffing, project-based staffing, independent contractors, and the gig economy. Additionally, RPOs provide essential services in areas such as background checks, compensation and benefits, retention rates, and diversity and inclusion initiatives. Recruitment metrics, risk management, company management, candidate experience, and HR consulting are other critical areas where RPOs excel. By optimizing workforce planning and workforce optimization, RPOs help organizations adapt to the shifting landscape of the talent market. In the realm of talent acquisition, RPOs employ various strategies, including recruitment marketing, candidate sourcing, and HR business partnering, to attract and retain top talent.
Training and development programs further enhance the value proposition, ensuring a high-performing workforce that drives business success. In summary, the RPO market is characterized by continuous growth and innovation, as it addresses the evolving needs of organizations across various sectors. RPOs provide comprehensive solutions that encompass talent acquisition, performance management, technology integration, and workforce optimization, enabling businesses to effectively navigate the complexities of the talent market and maintain a competitive edge.
How is this Recruitment Process Outsourcing Industry segmented?
The recruitment process outsourcing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
IT and telecom
Manufacturing
BFSI
Healthcare
Others
Type
Large enterprises
SMEs
Geography
North America
US
Canada
Europe
France
Germany
UK
Middle East and Africa
UAE
APAC
Australia
China
India
South America
Brazil
Rest of World (ROW)
By End-user Insights
The IT and telecom segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth due to the adoption of just-in-time recruitment and the implementation of social, mobile, analytics, and cloud (SMAC) technologies. Just-in-time recruitment enables clients to quickly respond to their hiring needs by accessin
The United States are the biggest market for freelancers' platform Fiverr. The e-commerce connecting companies to freelancing professionals in tech or creative fields saw the revenue increase from 2020 to 2023. In the United States, the annual revenue grew from *** to *** million U.S. dollars over the considered period. Founded in Israel, Fiverr expended its market presence in Europe, too. In 2023, buyers based in Europe generated revenue worth nearly ** million U.S. dollars.
As of the second quarter of 2025, there were around 4.4 million self-employed workers in the United Kingdom. During this provided time period, self-employment in the UK has grown steadily, from 3.2 million in December 2000 to a peak of over five million at the end of 2019. After the COVID-19 pandemic, however, self-employment has fallen to levels not seen since the middle of 2015 and has struggled to recover to its pre-pandemic peak. Demographics of the self-employed There has consistently been more men self-employed than women in the UK, with recent figures showing that over 2.8 million men and over 1.5 million women were self-employed. As of 2024, the most likely age group to be self-employed were those aged 65 or over, with over a third of workers in this age group self-employed. In the same year, around 16.5 percent of workers in London were self-employed, compared with the UK average of 13.1 percent, making London the region with the highest rate of self-employment in the UK. Self-employment support scheme In response to the COVID-19 pandemic, the UK government unveiled various measures to mitigate the economic costs to businesses and individuals. For self-employed workers, this manifested itself as the Self-Employment Income-Support Scheme, which was in its third iteration, or tranche, by December 2020. During the first tranche, which ran from March to July, there were 2.7 million claims made in total, with claims to the second and third tranches numbering 2.4 million and 1.7 million, respectively. As of December 13, 2020, the overall value of these claims amounted to 14.5 billion British pounds.
A 2023 survey conducted among Generation Z in Indonesia found that most respondents across all age groups had freelance work as their side jobs. Meanwhile, only about a ***** of respondents aged between 21 and 26 had no extra income sources. With living costs consistently on the rise, many Indonesian Gen Z members rely on side jobs to support themselves financially. Aiming for financial stability Many Generation Z members in Indonesia are part of the sandwich generation, where they have to support both their children and parents. Moreover, Gen Z spends most of their income on food as a basic necessity, leaving them with limited savings. Despite their efforts to invest for the future, most Indonesian Gen Z have not saved enough for emergency funds. The rise of the creator economy among Gen Z Known for their digital fluency, Gen Z in Indonesia drives the creator economy as they become increasingly interested in online side hustles. They are significantly influenced by social media in various aspects of life, from purchasing behavior to travel inspirations. Gen Z utilizes these platforms not only for self-expression but also to build personal brands and businesses, allowing them to generate extra income.
In 2023, the projected gross volume of the gig economy is expected to reach ***** billion U.S. dollars. The gig economy is commonly defined as digital platforms that allow freelancers to connect with potential clients for short-term jobs, contracted work, or asset-sharing.