Saudi Arabia Freelance Platforms Market Size & Outlook
Saudi Arabia freelance platforms market, 2018-2030 (US$M)
Related Markets
Saudi Arabia freelance platforms market highlights
- The Saudi Arabia freelance platforms market generated a revenue of USD 133.6 million in 2023 and is expected to reach USD 300.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.3% 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 133.6 million |
| Market revenue in 2030 | USD 300.9 million |
| Growth rate | 12.3% (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, Saudi Arabia accounted for 2.7% 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 Middle East & Africa, South Africa freelance platforms market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 306.2 million by 2030.
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Freelance Platforms Market Scope
Freelance Platforms Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 54.04% in 2023. Horizon Databook has segmented the Saudi Arabia freelance platforms market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
In the Saudi Arabia, the freelance platforms market has witnessed substantial growth in recent years, reflecting the nation's commitment to economic diversification and technological advancement. As one of the largest economies in the Middle East, KSA has embraced the gig economy, with a surge in demand for freelance services across various sectors.
Platforms such as Ureed have gained popularity among Saudi freelancers and businesses alike, facilitating a dynamic marketplace for diverse skill sets, including graphic design, programming, content creation, and digital marketing.
The increasing adoption of digital transformation initiatives by Saudi businesses has driven the demand for freelance talent, offering companies the flexibility to tap into a global pool of skilled professionals. According to Forbes, the number of registered freelancers in Saudi Arabia has witnessed a 157% increase from 2020 to August 2023.
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Our clientele includes a mix of freelance platforms market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia freelance platforms market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia freelance platforms market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia freelance platforms market size, by component, 2018-2030 (US$M)
Saudi Arabia Freelance Platforms Market Outlook Share, 2023 & 2030 (US$M)
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