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.

The dataset contains the estimated gig workforce in India and their share of the total workforce as per NITI Aayog's Study Report - India's Booming Gig and Platform Economy.

In 2018, ** percent of gig workers in India were involved in high skill work as freelancing IT, design, and management services. A majority of the share of the gig workforce was involved in low-skilled work. Delivery, ridesharing, cleaning, and microtasks were the common low-skilled jobs among gig workers.

In financial year 2020, only about *** percent of the total workers were gig workers with usual principal and subsidiary status. Furthermore, over **** percent of gig workers worked as secretaries, keyboard operating clerks, numerical clerks, material recording, and transport clerks in that year.

This Data aims to explore factors influencing social security for gig workers in India, focusing on worker demographics, gig work characteristics, and access to social security schemes. The study seeks relevant datasets to analyze how socioeconomic and employment factors impact gig workers' participation in social security programs, providing valuable insights for policy development in the evolving gig economy.

According to a report on the gig economy in India in 2018, ** percent of gig workers in India preferred to continue working as gig workers. On the other hand, ** percent of gig workers wanted to quit and take up full time employment.

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.

Other-Cashflows-From-Financing-Activities Time Series for Quess Corp Limited. Quess Corp Limited provides staffing and workforce management services. It offers recruitment solutions for finding c-suite executives; customized solutions for retail needs; and engages in the identification and placement of candidates for an array of IT solutions tailored to organization's requirements. The company also provides digital workplace solutions, cloud and datacenter services, and managed network services; staff augmentation services, such as contract hiring services; hire, train, and deploy (HTD) programs; interview as a service (IAAS), workforce optimization, and operates offshore development centers for flexible staffing; international skill mobility and turnkey workforce solutions; and optimizes IT workforce management through its managed capacity services. In addition, it operates Hamara Academy, an upskilling platform; Hamara Jobs, a proprietary blue-collar auto-hiring technology platform; Hamara HR, an workforce management tool; Hamara Benefits, an employee benefits and financial wellness platform; and Taskmo, an gig discovery platform that enable enterprises scale business operations through digital hiring solutions, as well as offers digital and hyperlocal solutions for financial products, e-commerce, q-commerce, food tech, grocery, mobility, rental, pharmacy, retail, and other industries through its network of gig workers. The company was formerly known as Ikya Human Capital Solutions Limited and changed its name to Quess Corp Limited in January 2015. Quess Corp Limited was incorporated in 2007 and is headquartered in Bengaluru, India.

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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.
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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

The global recruitment and staffing market is a dynamic and expansive sector, projected to experience significant growth over the forecast period (2025-2033). While precise figures for market size and CAGR aren't provided, a reasonable estimation, considering industry trends and the presence of major players like Randstad, Adecco, and ManpowerGroup, suggests a 2025 market size in the range of $300-400 billion USD. A conservative compound annual growth rate (CAGR) of 5-7% is plausible, driven by factors such as increasing globalization, technological advancements (e.g., AI-powered recruitment tools), a growing gig economy, and evolving workforce demographics demanding specialized skillsets. The market is segmented across various employment types (permanent and part-time) and industries (BFSI, IT & Telecom being particularly robust), reflecting diverse hiring needs. Growth is expected to be particularly strong in developing economies like India and China due to rapid economic expansion and a growing young workforce. However, several factors might restrain growth. Economic downturns can significantly impact hiring activity. Competition among staffing agencies is fierce, requiring continuous innovation and adaptation to maintain market share. Additionally, regulatory changes related to labor laws and data privacy can present challenges for companies operating in this space. Geographic variations exist, with North America and Europe currently holding a larger market share, but Asia Pacific is poised for substantial growth in the coming years, driven by robust economic expansion and expanding middle classes in countries like India and China. The increasing adoption of technology within the recruitment process, particularly Applicant Tracking Systems (ATS) and AI-driven solutions, presents both opportunities and challenges for companies, requiring strategic investments in digital transformation.

According to Cognitive Market Research, the global background screening market size will be USD 13245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5298.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3973.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3046.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 662.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 264.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
The drug testing is the fastest growing segment of the background screening industry

Market Dynamics of Background Screening Market

Key Drivers for Background Screening Market

Rising need for risk management to drive market growth

The increasing emphasis on risk management is a key driver positively impacting the growth of the background screening market. Businesses are highly focused on minimizing risks associated with negligent hiring, which could lead to financial losses, workplace violence, and reputational damage. By conducting thorough background checks, companies can ensure that they hire trustworthy employees, reducing the likelihood of legal complications. This is particularly important in sectors such as healthcare, finance, and education, where employee integrity is critical. Additionally, the rise in fraud, identity theft, and cybersecurity threats in recent years has made risk management strategies, including background screening, a necessity. As businesses continue to grow, especially on a global scale, background checks are becoming more integrated into risk mitigation frameworks, contributing to market expansion.

Growth in the gig economy to boost market growth

The rapid expansion of the gig economy is driving the need for enhanced background screening services. As more companies rely on freelancers, contractors, and temporary workers, ensuring that these individuals meet the necessary legal and ethical standards has become crucial. Gig workers often operate with less direct supervision, which increases the need for thorough vetting to ensure that they do not pose a risk to companies or their customers. Background checks help businesses avoid legal issues related to misconduct or unqualified personnel. As the gig economy continues to grow across industries such as ride-sharing, delivery services, and remote freelance work, companies are increasingly investing in quick, scalable, and automated screening tools. This trend will further boost the adoption of background screening services in the market.

Restraint Factor for the Background Screening Market

Limitations in accessing international data to limit market growth

Limitations in accessing international data pose a significant challenge to the growth of the background screening market. As businesses expand globally, the need for comprehensive background checks across different countries has grown. However, differences in privacy laws, data protection regulations, and inconsistent access to public records across nations create barriers to obtaining accurate and timely information. In some countries, legal restrictions prevent background screening providers from accessing criminal records or verifying employment and educational histories. Additionally, language barriers, lack of standardized databases, and varying levels of digital infrastructure further complicate international checks. These challenges can result in delays, increased costs, or incomplete screenings, which reduce the effectiveness of global background checks. As a result, companies may be deterred from conducting thorough international screenings, limiting the market’s overall growth potential.

Impact of Covid-19 on the Background Screening Market

COVID-19 had a negative impact on the...