GITNUX MARKETDATA REPORT 2024

Must-Know Gig Economy Statistics [Recent Analysis]

Highlights: The Most Important Gig Economy Statistics

  • The gig economy currently accounts for a third of the world’s working population and is projected to reach $500 billion in gross volume in the next five years.
  • The global gig economy generates $204 billion and is expected to grow by 17% by 2023, with the United States predicted to have more gig workers than non-gig workers by 2027.
  • The gig economy is rapidly growing, with 36% of US workers already part of it before the pandemic and an increase due to COVID-19.
  • The gig economy currently accounts for a third of the world’s working population and is projected to reach $500 billion in gross volume in the next five years.
  • The gig economy is expanding rapidly, with over 50% of the US workforce likely to participate by 2027 and generating $204 billion in gross volume globally.
  • The gig economy encompasses a diverse range of workers from different backgrounds, and there is no single, typical gig worker.
  • The Gig Economy Market Report 2022 provides a comprehensive analysis of the industry, including drivers, restraints, and current trends, making it a valuable tool for gaining a competitive edge.
  • The gig economy is expected to reach a gross volume of $455.2 billion in 2023.
  • The gig economy encompasses a wide range of skilled workers who depend on temporary positions for at least part of their economic need, and presents advantages and challenges for marketers.
  • The gig economy offers a range of opportunities for marketing tasks, with advantages such as scalability, cost-effectiveness, and access to global talent.
  • The gig economy is predicted to further democratize work, increase flexibility, revolutionize healthcare, leverage digital tools, and expand sociality
  • The global gig economy generates $204 billion and is expected to grow by 17% by 2023, with the United States predicted to have more gig workers than non-gig workers by 2027.
For students, scientists and academics

Would you like to write scientific papers faster?

Jenni's AI-powered text editor helps you write, edit, and cite with confidence. Save hours on your next paper.

Table of Contents

The gig economy is a rapidly growing sector of the economy, and it’s important to stay up to date on the latest gig economy statistics. In this blog post, we’ll take a look at some of the most interesting and important gig economy statistics, including the number of people participating in the gig economy, the types of jobs available, and the impact of the gig economy on the overall economy.

We’ll also discuss the potential benefits and drawbacks of the gig economy, as well as the potential for growth in the future. By the end of this post, you’ll have a better understanding of the gig economy and its impact on the economy.

Gig Economy: Statistics Overview

The gig economy is rapidly growing, with 36% of US workers already part of it before the pandemic and an increase due to COVID-19.

This offers job opportunities and more flexible lifestyles for workers, while also benefiting businesses that need temporary or part-time workers.

This information can be used to inform decisions about hiring, investments, and other strategies related to the gig economy.

 

The gig economy currently accounts for a third of the world’s working population and is projected to reach $500 billion in gross volume in the next five years.

It also provides insight into the demographics of gig workers, their income, and the market worth of the gig economy. This data can be used to inform policy decisions and to better understand the gig economy.

The gig economy is expanding rapidly, with over 50% of the US workforce likely to participate by 2027 and generating $204 billion in gross volume globally.

This shows the potential of the gig economy to provide flexible, temporary, and freelance jobs to a large number of people, as well as the potential for economic growth.

The gig economy encompasses a diverse range of workers from different backgrounds, and there is no single, typical gig worker.

This matters because it highlights the need for more accurate and comprehensive data to understand the makeup of the gig workforce.

The Gig Economy Market Report 2022 provides a comprehensive analysis of the industry, including drivers, restraints, and current trends, making it a valuable tool for gaining a competitive edge.

This provides industry players with insights on key opportunities and market forecasts, as well as company profiles and verified market forecasts. This information is essential for players seeking to achieve a strong market position.

The gig economy is expected to reach a gross volume of $455.2 billion in 2023.

This shows the potential growth of the gig economy in the near future. This growth is significant because it shows the potential for freelancers to find short-term work, contracted work, or asset-sharing opportunities through digital platforms.

This statistic also highlights the potential for businesses to benefit from the gig economy by connecting with freelancers to complete tasks or projects.

The gig economy encompasses a wide range of skilled workers who depend on temporary positions for at least part of their economic need, and presents advantages and challenges for marketers.

The gig economy is more than just low-skilled odd jobs and that it is important for marketers to understand the advantages and challenges associated with it.

The gig economy offers a range of opportunities for marketing tasks, with advantages such as scalability, cost-effectiveness, and access to global talent.

This highlights the potential of the gig economy to provide a wide range of opportunities for marketing tasks, and the advantages that come with hiring gig workers for these tasks.

It also provides guidance on how to best utilize gig workers, which can help marketing agencies maximize their resources and maximize their profits.

The gig economy is predicted to further democratize work, increase flexibility, revolutionize healthcare, leverage digital tools, and expand sociality – all of which will shape the future of the industry. This matters because it will influence the way people work and how companies interact with their employees, as well as how the industry as a whole evolves.

The global gig economy generates $204 billion and is expected to grow by 17% by 2023, with the United States predicted to have more gig workers than non-gig workers by 2027.

This shows the potential for growth in the gig economy and the increasing prevalence of gig workers in the United States. This information is important for understanding the current and future state of the gig economy and can be used to inform business decisions.

Conclusion

In conclusion, the gig economy is a growing trend that is here to stay. It has created new opportunities for people to make money, while also providing flexibility and autonomy. The gig economy is a great way to supplement income, and its growth is expected to continue.

With the right strategies, businesses can take advantage of the gig economy to increase their profits and reach new customers. As the gig economy continues to grow, it is important to stay informed about the latest gig economy statistics to ensure that businesses are making the most of this new trend.

References

1 – https://symmetrical.ai/blog/gig-economy-statistics/#:~:text=The%20size%20of%20the%20gig,expected%20in%202024%20(Statista).

2 – https://financesonline.com/gig-economy-statistics/

3 – https://teamstage.io/gig-economy-statistics/

4 – https://www.gigeconomydata.org/basics/who-participates-gig-economy

5 – https://www.businessresearchinsights.com/market-reports/gig-economy-market-102503#:~:text=Report%20Overview&text=The%20global%20gig%20economy%20market%20size%20was%20USD%20355%20billion%20in%202021.

6 – https://www.statista.com/statistics/1034564/gig-economy-projected-gross-volume/

7 – https://blog.conveyancemarketinggroup.com/what-does-the-gig-economy-mean-for-marketers

8 – https://marketingmagazine.com.my/how-does-the-gig-economy-really-impact-marketers/

9 – https://www.rallyware.com/blog/gig-economy-trends-2022-gig-work-in-the-post-covid-world-5-predictions

10 – https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/gig-economy-trends-and-impact-small-and-medium-practices

ZipDo, cited June 2023: Gig Economy Statistics

FAQs

What is the Gig Economy?

The Gig Economy is an economic system in which individuals work on a contract or freelance basis, often for multiple employers.

What are the benefits of the Gig Economy?

Benefits of the Gig Economy include flexibility, increased earning potential, and the ability to work from anywhere.

What types of jobs are available in the Gig Economy?

Types of jobs available in the Gig Economy include freelance writing, web design, graphic design, virtual assistant, software development, and more.

How does the Gig Economy affect the workforce?

The Gig Economy affects the workforce by providing more opportunities for individuals to work independently and on their own terms.

What are the risks associated with the Gig Economy?

Risks associated with the Gig Economy include lack of job security, lack of benefits, and the potential for exploitation.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents