Freelancing Statistics 2022 Growth, Market Share and Its Future

In immediately’s dynamic world, few of us would need to discover this world and earn to make residing by working as per us, in a couple of place and flexi-time. Sure, that’s ‘Freelancing’. Right this moment we’ll study in and outs of this section of manufacturing.

Key options of Freelancing Statistics

• The time period “freelancing”, as it’s typically referred to, can imply many issues to completely different individuals. It’s not essential to be a freelancer in case you are a free agent, somebody who performs duties and jobs with out being a part of any particular company or firm.
• It is very important remember that freelancing contains any sort of profession: impartial net designer, marketer, author, or private coach. Let’s assessment the important thing statistics that describe freelancing as will probably be in 2021.
• At the moment, the US has 57,000,000 freelancers.
• 86% are freelancers who do business from home. Nevertheless, espresso retailers are rising in popularity.
• 84% consider work provides them the liberty to guide the life-style that they need.
• 64% of freelancers surveyed mentioned their total well being was higher.
• 46% of freelancers are drawn to their work by the freedom it affords.
• 41% of freelancers discover work by purchasers they’ve labored with prior to now.
• The US had the best demand for freelancers in 2020.
• The US GDP contains virtually 5% of the freelance business.
• 53% of Technology Z employees are freelancers.

Let’s See Its Development

• Now that we perceive the significance of freelance work and the way it may be profitable, let’s study what the long run holds.
• Typically, freelancing is prone to turn out to be extra standard within the coming years, which many freelancers consider can be true. If the previous development 12 months is any indication, it’s protected sufficient to foretell that almost all of freelancing sectors will see giant will increase in jobs and employees.
• These are the numbers:
• In 2020, 41% of American employees labored for themselves. That’s an improve of 13% in 2013.
• Nevertheless, those that don’t work for themselves solely noticed a 2% development.
• 28% of People work full-time as freelancers, as much as 17% from 2014.
• The worldwide freelance platform market will develop at a 15.3% annual charge between 2021-2026.
• 36% of employees claimed that they freelanced even through the pandemic. That’s a rise of 8% from 2019.
• 58% are open to freelancing, whereas 42% aren’t.
• 53% of freelancers really feel that demand will rise over the extent it was earlier than this pandemic.
• 34% started working as freelancers on the begin of the pandemic.

Freelancing Earnings Statistics

• Freelancing is a well-liked alternative due to all its potential success. But, many individuals discover that the shortage of stability in a job is an issue. It’s typically stigmatized that freelancers make much less cash than those that have a everlasting jobs.
• However is that concern grounded in actuality? Do freelancers have sufficient programming or design abilities to pay the payments and make sufficient cash?
• Let’s learn the way a lot freelancers actually make.
• 30% of freelance employees make greater than $seventy-five annually.
• Freelancing usually makes more cash for males than it does for girls (in some cases, even 4 instances).
• The US is the main rising freelance financial system, with 78% income development year-over-year.
• On Upwork, content material writers sometimes make anyplace between 10$ and eight$ per hour, with the bulk making round 25$ per hour.
• Copywriters might earn as excessive as 250$ an hour, however that is fairly uncommon.
• Freelancers make 66% greater than of their earlier jobs.
• The median annual wage for freelance web site designers is 77,200 USD.
• Search Engine Optimization consultants are one other class of well-paid freelancers. Their common wage is 59,000 USD.
• Through the pandemic so far, People who freelance have contributed 1.2 trillion {dollars} to the financial system.
• Expert service makes up 45$ and freelancers common 28$ per hour.

Jobs that may be Freelance

• Though artists and creatives have historically occupied the freelancing sector, the number of jobs and demand for freelancers appear to extend.
• These are a number of the most sought-after freelance jobs on the planet as of 2021.
• Content material writing is a highly regarded occupation for freelancers.
• Most freelancers within the US work throughout the artistic subject.
• The 75% who work within the artwork and designing business are freelancers.
• 55% are freelancers working in leisure.
• Development has 55% of its workforce as a freelancer.
• Internet design is a high 15 ability that Upwork freelancers most need.
• web optimization consulting is a superb possibility for freelancers on the lookout for stability. It will probably show you how to create your individual web optimization company and lots of different advantages.
• web optimization consulting and advert administration are probably the most high-paying freelance roles.

Freelance Market Share

• Freelancers have many choices to seek out gigs. Listed below are three websites that allow them join with purchasers and freelancers.
• Upwork Freelancer.com and Fiverr at present rank among the many high three web sites. Every web site has its personal advantages, so it’s value testing all three websites if you wish to begin freelancing.
• Right here’s an inventory of what every of the biggest Freelancing Platforms has to supply.

Upwork

• Upwork boasts greater than 17,000,000 customers.
• Most employees are licensed consultants and might cost an hourly charge or mission charge primarily based on their particular person choice and never a hard and fast charge like Fiverr.
• Upwork’s income for the previous 2 quarters was $124.4 million, and $2237.8 million.
• Upwork predicts income of $490-$494 Million in 2021
• Upwork at present serves 30% of Fortune’s 100 companies.

Inputs from Freelancer.com

• com at present have greater than 31 million lively customers. This makes them the biggest platform.
• com options over one thousand eight hundred completely different job classes
• com reported a 39% soar in gross fee quantity, to 1 hundred ninety-two level 9 million {dollars} in Quarter one-2021.
• com was established as an outsourcing marketplace for consultants

Inputs from Fiverr

• Revenues for Quarter three-twenty one grew 42% year-over-year
• Fiverr boasts greater than 7,000,000 registered customers.
• Fiverr sells something and everybody is usually a vendor. Each job is simply 5 {dollars}.
• Fiverr provides you an opportunity to win a contract each 4 minutes.
• Entrance-end Builders earn {dollars} 5 to greenback fifteen an Hour on Fiverr

Statistics of Freelancing to Replicate Upon

• Freelancers have been contributing greater than $1.4 Trillion to the U.S. financial system.
• With the regular rise of expert employees taking over freelancing each single 12 months, freelancers at the moment are the favourite to turn out to be the bulk workforce within the U.S. throughout the subsequent few.

• As of March 2019, Google’s workforce comprised 120,000 contractors/freelancers, greater than the variety of everlasting staff on its payroll, which was round 102,000.

• The US has the fastest-growing freelance financial system at 78% year-on-year development.
• Direct response copywriting is likely one of the highest-paying freelance abilities.
• You’ll be able to earn extra as a freelancer in case you are specialised in your position. Software program builders could make as excessive as $1000 USD/hr.
• Expertise is subsequently some of the sought-after occupations by new freelancers. The opposite occupation is finance/enterprise administration.
• Discrimination in the direction of females is frequent even within the fashionable freelancing world. Male freelancers earn as much as 4 instances greater than ladies.

Supply: Forbes

What Subsequent for Freelancing?

• Are there any future alternatives for freelancing jobs? The numbers present that sure.
• The business of freelancers appears to be rising exponentially. We are going to have a look into the way forward for freelancing.
• The worldwide gig financial system will attain $455 Billion by 2023, in response to projections.
• By the 12 months 2027, it’s assumed that almost all of the workforce can be Freelancing
• By the 12 months 2027, freelancers are projected to make up nearly all of the workforce in america, with 50.9% of the working inhabitants.
• 59% of non-freelancers say it’s possible that they’ll do freelance work sooner or later.
• The overwhelming majority of freelance employees (91%) consider that the way forward for freelance work is optimistic.
• In comparison with fifty-seven level three million United States freelancers in 2017, the quantity is about to rise above ninety million by 2028
• You understand how brilliant and promising the long run seems for freelancing.
• However how are you going to flip these statistics to your benefit? This freelancing pattern can be utilized in numerous methods.
• Because the freelance market grows, it’s a sensible thought for freelancers to begin to kind relationships with purchasers instantly.
• It is a nice alternative, for companies, to increase their community of freelancers and outsource sure duties that may make your corporation run extra effectively.
• Freelancers want to ascertain sturdy relationships with potential purchasers as quickly as they will. Your abilities will show you how to negotiate contracts and be a extra profitable freelancer.
• Freelancing is changing into a viable profession possibility for expert professionals in nations with restricted home alternatives.
• Pakistan, India & Bangladesh are the highest ten nations with the fastest-growing earnings for freelancers.

Supply: CNBC

• SMBs profit from freelancers who provide an economical options and are versatile. In accordance with stories, SMBs are happy with freelancers. They plan on rising their use of freelancers.
• These three statistics will help that truth:
• 70% of SMBs primarily based within the U.S. labored with freelancers at minimal as soon as
• 81% of those corporations intend to rent freelancers but once more
• 83% agree that freelancers tremendously assist their companies

Supply: LinkedIn

• In 2018, 48% extra companies employed freelancers than in 2017.
• As freelancers have turn out to be simpler to seek out work, and as firm insurance policies are extra aligned with processes equivalent to distant working, this pattern will proceed to develop.

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Supply: Inavero Report

• Freelancing alternatives are rising with on-line freelancing platforms being a catalyst
• 71% of freelancers said a rise within the work they’re able to get on-line over the earlier a number of years. On-line platforms present an ideal means for freelancers to hook up with corporations and vice-versa.
• Within the close to time period, The Freelancing Market share is predicted to extend
• Within the coming years, there can be regular development within the freelancing business.
• The worldwide freelance market financial system can be value 4 hundred and fifty-five billion {dollars} by 2023.
• In 2017, america employed fifty-seven level three million freelancers. This quantity will virtually double by 2028. Greater than ninety million freelancers are anticipated to be within the US alone.
• It’s anticipated that freelancers will quickly make up the bulk US workforce. In 2027, 51% of the workforce can be made up of freelancers.
• The Covid-19 panic slowed freelancing careers
• The freelancing enterprise was additionally hit onerous by the coronavirus pandemic. Because of the pandemic coronavirus, round 28% had been pressured to cease freelancing within the US. It’s roughly 10% of the US labor drive.
• 12 out of 20 top-demand abilities in freelancers’ job market are associated to
• Corporations seeking to rent freelancers want to pay attention to probably the most sought-after abilities. These embody IT-related and numerous applied sciences. They embody Blockchain (Amazon DynamoDB), React Native (Angular), Pc Imaginative and prescient, Go, and lots of different IT-related abilities.
• 12 out of 20 top-demand abilities in freelancers’ job market are associated to
• Corporations seeking to rent freelancers want to pay attention to probably the most sought-after abilities. These embody IT-related and numerous applied sciences. They embody Blockchain (Amazon DynamoDB), React Native (Angular), Pc Imaginative and prescient, Go, and lots of different IT-related abilities.
• Within the close to time period, The Freelancing Market share is predicted to extend
• The marketplace for freelance work is predicted to increase steadily sooner or later.
• The worldwide freelance financial system is predicted to achieve $455 billion US {dollars} by 2023.
• There have been roughly 57.3 million People who had been freelance in 2017, in response to america. This quantity is projected to just about double in 2028. Greater than 90 million freelancers are anticipated to be within the US alone.
• It’s anticipated that freelancers will quickly make up the bulk US workforce. In 2027, 51% of the workforce can be made up of freelancers. Almost 50% of all companies make use of freelancers
• 48% of corporations employed freelancers in 2018, in comparison with 43% in 2017. As freelancers have turn out to be simpler to rent, and as firm insurance policies are aligned with processes equivalent to distant working, that is anticipated to proceed to develop.
• Freelancing alternatives are rising with on-line freelancing platforms being a catalyst

• 71% of freelancers said a rise within the quantity they had been in a position to get work over the previous a number of years. This may be attributed to the truth that on-line platforms present an ideal means for freelancers to hook up with corporations and vice-versa.

Barry Elad

Barry is a lover of every part expertise. Determining how the software program works and creating content material to shed extra mild on the worth it provides customers is his favourite pastime. When not evaluating apps or packages, he is busy attempting out new wholesome recipes, doing yoga, meditating, or taking nature walks along with his toddler.