Mexico Freelance Platforms Market Size & Outlook
Mexico freelance platforms market, 2018-2030 (US$M)
Related Markets
Mexico freelance platforms market highlights
- The Mexico freelance platforms market generated a revenue of USD 185.7 million in 2023 and is expected to reach USD 665.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 20% 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 185.7 million |
| Market revenue in 2030 | USD 665.5 million |
| Growth rate | 20% (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, Mexico accounted for 3.8% 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 Latin America, Mexico freelance platforms market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 665.5 million by 2030.
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Freelance Platforms Market Scope
Freelance Platforms Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 54.01% in 2023. Horizon Databook has segmented the Mexico freelance platforms market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The freelance platforms market in Mexico is experiencing substantial growth, driven by a confluence of factors. As the gig economy gains prominence globally, Mexico has emerged as a key player, witnessing an increasing number of freelancers actively participating in various sectors.
Platforms such as Workana, Freelancer.com, and Upwork have become instrumental in connecting Mexican freelancers with international clients, providing opportunities in diverse fields such as digital services, marketing, design, and software development. Several key drivers are propelling the growth of the Mexican freelance platforms market.
Economic factors, including the need for flexible work arrangements and income diversification, are also contributing to the rise in freelancing. According to Payoneer, Mexico has 72% YoY revenue growth in freelancing. In addition, digital transformation across industries has created a demand for specialized skills, fostering a conducive environment for freelancers.
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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 Mexico freelance platforms market , including forecasts for subscribers. This country databook contains high-level insights into Mexico freelance platforms market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico freelance platforms market size, by component, 2018-2030 (US$M)
Mexico Freelance Platforms Market Outlook Share, 2023 & 2030 (US$M)
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