Australia Freelance Platforms Market Size & Outlook
Australia freelance platforms market, 2018-2030 (US$M)
Related Markets
Australia freelance platforms market highlights
- The Australia freelance platforms market generated a revenue of USD 213.2 million in 2023 and is expected to reach USD 611.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 16.2% from 2024 to 2030.
- In terms of segment, platform was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Freelance platforms market data book summary
| Market revenue in 2023 | USD 213.2 million |
| Market revenue in 2030 | USD 611.1 million |
| Growth rate | 16.2% (CAGR from 2023 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Services |
| Key market players worldwide | Fiverr International Ltd, Upwork Inc, Toptal, PeoplePerHour, 99designs, DesignCrowd, crowdSPRING, WorkGenius, Paro, Contently, Gigster |
Other key industry trends
- In terms of revenue, Australia accounted for 4.3% of the global freelance platforms market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China freelance platforms market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 544.5 million by 2030.
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Freelance Platforms Market Scope
Freelance Platforms Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia freelance platforms market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to freelance platforms market will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 51.55% in 2023. Horizon Databook has segmented the Australia freelance platforms market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for freelance platforms in Australia has surged in recent years as more people seek to leave the restrictions of the workplace. Digital technologies and peer to peer marketplaces majorly influence the freelancers and portfolio workers in Australia's labor market.
Currently, freelancers constitute over a third of the Australian workforce, driven by a desire for autonomy and flexibility. This rise in freelance culture benefits businesses by allowing flexibility in sourcing and collaborating with diverse skill sets.
However, it also challenges the traditional power dynamics between clients and freelancers, highlighting the need for businesses to adapt to the unique characteristics of freelancers, including the importance of maintaining flexible hours and the ability to work remotely.
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Target buyers of Australia freelance platforms market databook
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Our clientele includes a mix of freelance platforms market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia freelance platforms market , including forecasts for subscribers. This country databook contains high-level insights into Australia freelance platforms market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia freelance platforms market size, by component, 2018-2030 (US$M)
Australia Freelance Platforms Market Outlook Share, 2023 & 2030 (US$M)
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