UK Freelance Platforms Market Size & Outlook, 2023-2030
UK freelance platforms market, 2018-2030 (US$M)
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UK freelance platforms market highlights
- The UK freelance platforms market generated a revenue of USD 364.6 million in 2023 and is expected to reach USD 1,030.1 million by 2030.
- The UK market is expected to grow at a CAGR of 16% 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 364.6 million |
| Market revenue in 2030 | USD 1,030.1 million |
| Growth rate | 16% (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, UK accounted for 7.4% 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 Europe, Germany freelance platforms market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 751.2 million by 2030.
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Freelance Platforms Market Scope
Freelance Platforms Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 51.59% in 2023. Horizon Databook has segmented the UK freelance platforms market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. freelance platforms market has witnessed substantial growth and adoption, reflecting the changing dynamics of the workforce and the evolving preferences of businesses in the U.K. Several factors contribute to the prominence and success of freelance platforms in the U.K., making them integral to the modern work landscape.
Freelance platforms in the U.K. serve as hubs for collaboration and innovation.Businesses seeking fresh perspectives and creative solutions shift to freelancers on these platforms, contributing to a culture of innovation and adaptability across industries.
The U.K. freelance platforms market reflects the nation's technological prowess, cultural shifts towards flexible work arrangements, and the recognition of the economic and strategic advantages offered by freelance platforms. As the gig economy continues to thrive, these platforms are poised to play a central role in shaping the future of work in the U.K.
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Target buyers of UK 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 UK freelance platforms market , including forecasts for subscribers. This country databook contains high-level insights into UK freelance platforms market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK freelance platforms market size, by component, 2018-2030 (US$M)
UK Freelance Platforms Market Outlook Share, 2023 & 2030 (US$M)
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