China Freelance Platforms Market Size & Outlook, 2023-2030
China freelance platforms market, 2018-2030 (US$M)
Related Markets
China freelance platforms market highlights
- The China freelance platforms market generated a revenue of USD 362.0 million in 2023 and is expected to reach USD 978.1 million by 2030.
- The China market is expected to grow at a CAGR of 15.3% 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 362.0 million |
| Market revenue in 2030 | USD 978.1 million |
| Growth rate | 15.3% (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, China accounted for 7.3% 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 |
|---|
China 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 51.05% in 2023. Horizon Databook has segmented the China freelance platforms market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
China's freelance platforms market has witnessed remarkable growth, driven by various factors that mirror global trends. The proliferation of the gig economy in China has played a key role in shaping the landscape of freelance platforms. As the traditional employment structure transforms, more Chinese professionals are embracing freelance work, seeking flexibility and diverse opportunities.
The surge of globalization has further fueled the growth of China's freelance platforms market. Freelancers in China now have access to a global client base, fostering cross-border collaborations and expanding their reach. This globalization trend has been facilitated by advancements in technology, making it easier for Chinese freelancers to connect with clients from around the world.
The growing trend of remote work, accelerated by technological advancements, has also impacted China's freelance platforms market. Chinese freelancers can now work seamlessly with clients irrespective of geographical boundaries, which bodes well for the market's expansion. Moreover, China's entrepreneurial culture is flourishing, which has significantly influenced the freelance sector.
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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 China freelance platforms market , including forecasts for subscribers. This country databook contains high-level insights into China freelance platforms market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China freelance platforms market size, by component, 2018-2030 (US$M)
China Freelance Platforms Market Outlook Share, 2023 & 2030 (US$M)
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