GITNUX MARKETDATA REPORT 2024

Online Freelance Industry Statistics

The online freelance industry is continuing to grow rapidly, with a projected 50% increase in the number of freelancers by 2027, driven by the rise in remote work opportunities and the flexibility it offers to both individuals and businesses.

Highlights: Online Freelance Industry Statistics

  • Over 1.1 billion people are engaged in some sort of freelancing worldwide.
  • 59% of U.S. freelancers updated their skills in 2020 compared to 45% of non-freelancers.
  • 48% of female freelancers think that freelancing provides the opportunity to use their skills if a traditional job does not.
  • 68% of freelancers surveyed said that they want to do freelance work till retirement.
  • As of 2019, an estimated 57.3 million people freelanced in the US and it contributed $1.4 trillion to the economy.
  • 60% of freelancers report that they’re earning more than when they had traditional job.
  • By 2027, the majority of the U.S. workforce will be freelance at the current growth rate.
  • 25% of full-time freelancers depend on online job platforms for work.
  • Of the global freelancing revenue, 78% is made in Europe and North America.
  • 20% of freelancers make more than $50k per year.
  • 37% of full-time freelancers use specialized skills in their work versus 18% of full-time non-freelancers.
  • There is a 4% rise in freelance earnings in 2020 compared to 2019.
  • Freelancers who skill related training were 55% more likely to earn over $50,000 per year.

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Online freelance platforms have become increasingly popular in recent years, offering a plethora of opportunities for individuals to showcase their skills and connect with clients from around the world. As the gig economy continues to thrive, understanding the latest statistics in the online freelance industry can provide valuable insights for both freelancers and businesses alike. In this blog post, we will explore key statistics and trends that shed light on the dynamics of this rapidly growing sector.

The Latest Online Freelance Industry Statistics Explained

Over 1.1 billion people are engaged in some sort of freelancing worldwide.

The statistic that over 1.1 billion people are engaged in some sort of freelancing worldwide highlights the significant and growing trend of individuals opting for non-traditional employment arrangements. Freelancing allows individuals to work independently, often on a project basis, without being bound to a single employer. This statistic underscores the impact of technological advancements, such as online platforms and digital communication tools, in enabling people to offer their skills and services globally. The flexibility and autonomy that freelancing offers have attracted a vast number of individuals seeking control over their work schedules, projects, and income. This trend is reshaping the traditional employment landscape and presenting new opportunities and challenges for both workers and organizations in the global economy.

59% of U.S. freelancers updated their skills in 2020 compared to 45% of non-freelancers.

The statistic indicates that a higher percentage of freelancers in the United States, specifically 59%, engaged in updating their skills in 2020 compared to non-freelancers, of whom only 45% did the same. This suggests that freelancers are more proactive in seeking out opportunities to enhance their skillsets, potentially driven by the need to stay competitive in the dynamic and often rapidly evolving freelance market. The disparity between the two groups implies that freelancers are more inclined towards self-improvement and adapting to changes in their industry, which may contribute to their ability to thrive in a freelance work environment. This statistic highlights the importance of continuous learning and skill development for individuals in both freelance and traditional employment settings.

48% of female freelancers think that freelancing provides the opportunity to use their skills if a traditional job does not.

This statistic suggests that nearly half, specifically 48%, of female freelancers believe that freelancing offers them the chance to utilize their skills in situations where a traditional job may not provide the same opportunity. This indicates that female freelancers appreciate the flexibility and autonomy that freelancing brings, enabling them to leverage their specific strengths and abilities in a way that aligns with their goals and preferences. Such a high percentage highlights the appeal of freelancing for women in terms of offering a platform for them to showcase their skills and expertise in a more tailored and self-directed manner compared to traditional employment structures.

68% of freelancers surveyed said that they want to do freelance work till retirement.

The statistic “68% of freelancers surveyed said that they want to do freelance work till retirement” suggests that a significant majority of freelancers expressed a desire to continue their freelance careers until they retire from work. This statistic indicates a strong preference among freelancers for the flexibility, autonomy, and work-life balance that freelance work offers compared to traditional employment. The finding highlights the appeal of freelance work as a long-term career choice for many individuals in this sector, potentially indicating a shift in attitudes towards independent work arrangements and self-employment as a viable and sustainable career path.

As of 2019, an estimated 57.3 million people freelanced in the US and it contributed $1.4 trillion to the economy.

The statistic indicates that as of 2019, an estimated 57.3 million individuals in the United States were freelancing, which refers to individuals working independently and not as traditional employees. This number highlights the significant trend towards non-traditional forms of work and the growing gig economy. Additionally, the statistic reveals that freelancing has become a substantial contributor to the US economy, with a reported $1.4 trillion in economic output. This suggests that freelancers play a notable role in driving economic activity, innovation, and flexibility in the labor market, and their impact on the economy should be considered in policy-making and business strategies.

60% of freelancers report that they’re earning more than when they had traditional job.

The statistic “60% of freelancers report that they’re earning more than when they had a traditional job” indicates that a majority of individuals who have transitioned from traditional employment to freelancing have experienced an increase in their earnings. This suggests that freelancing has offered them greater financial opportunities compared to their previous jobs. The statistic highlights the potential for higher income and financial rewards in the freelance market, which could be attributed to factors such as flexibility in setting rates, taking on multiple projects simultaneously, and tapping into a global client base. This data underscores the attractiveness of freelancing as a viable career option for individuals seeking to boost their income levels and financial independence.

By 2027, the majority of the U.S. workforce will be freelance at the current growth rate.

The statistic suggests that by the year 2027, a majority of the U.S. workforce will consist of freelance workers if the current growth rate of freelancing continues. This means that more people are opting for independent work arrangements rather than traditional full-time employment. The trend towards freelancing may be driven by factors such as technological advancements enabling remote work, changing preferences for work-life balance, and a desire for greater flexibility and control over one’s career. This shift in the workforce composition could have significant implications for labor markets, employer-employee relationships, and the overall economy.

25% of full-time freelancers depend on online job platforms for work.

The statistic “25% of full-time freelancers depend on online job platforms for work” indicates that a quarter of freelancers who work full-time rely on online platforms as a primary source of finding and securing employment opportunities. This suggests that these freelancers primarily use digital platforms to connect with clients, find projects, and earn income. The statistic highlights the increasing importance and prevalence of online job platforms in the gig economy, providing freelancers with access to a diverse range of job opportunities and potentially impacting their work stability and income generation.

Of the global freelancing revenue, 78% is made in Europe and North America.

The statistic that 78% of the global freelancing revenue is generated in Europe and North America indicates the significant dominance of these two regions in the freelancing industry. This suggests that a large majority of freelance work is being sourced from and carried out in Europe and North America, highlighting the economic importance and strength of the freelancing sector in these regions. This statistic may be influenced by various factors such as the high demand for freelancers, the presence of established freelancing platforms, and the overall economic prosperity of these regions. Companies and individuals seeking freelancers may be more likely to turn to Europe and North America due to the perceived quality of work, access to a skilled workforce, and potentially higher rates of pay compared to other regions globally.

20% of freelancers make more than $50k per year.

This statistic indicates that 20% of freelancers earn more than $50,000 annually. The percentage suggests that a relatively small but notable portion of freelancers achieve this level of income. This information can be useful for individuals considering freelance work or for businesses looking to hire freelancers, as it provides insight into the earning potential within this sector. It also implies that the majority of freelancers are making less than $50,000 per year, highlighting the variability of income levels in the freelance industry.

37% of full-time freelancers use specialized skills in their work versus 18% of full-time non-freelancers.

This statistic indicates that a higher percentage of full-time freelancers, specifically 37%, utilize specialized skills in their work compared to full-time non-freelancers, of which only 18% do the same. This suggests that freelancers are more likely to bring unique and specialized abilities to their work, potentially adding value to their projects or services. The difference in the utilization of specialized skills between the two groups highlights a potential distinguishing factor between freelancers who often work independently and adapt their skills to meet client needs, and non-freelancers who may have a more standardized role within a traditional employment setting.

There is a 4% rise in freelance earnings in 2020 compared to 2019.

The statement “There is a 4% rise in freelance earnings in 2020 compared to 2019” indicates that, on average, freelancers earned 4% more in 2020 than they did in 2019. This percentage increase suggests a positive trend in freelance earnings over the specified time period, implying potential growth and increased income opportunities for freelancers. The rise in earnings could be attributed to various factors such as increased demand for freelance services, a shift in work patterns due to the COVID-19 pandemic, or changes in the market dynamics. It is important to consider the context and potential influencing factors when interpreting and understanding this statistic to derive meaningful insights about the freelance economy.

Freelancers who skill related training were 55% more likely to earn over $50,000 per year.

This statistic suggests that freelancers who have undergone skill-related training are 55% more likely to have an annual income exceeding $50,000 compared to those who have not received such training. This implies that investing in skill development and training can significantly increase the earning potential of freelancers in the gig economy. The statistic highlights the importance of continuous learning and development in enhancing one’s professional abilities and subsequently, their financial success. By upskilling and staying current with industry trends and demands, freelancers can position themselves for higher earning potential and success in their respective fields.

Conclusion

The online freelance industry continues to see significant growth, with more individuals opting for the flexibility and opportunities it offers. As the gig economy expands and technology advances, freelancing is likely to become an even more viable career option for many professionals. Keeping up with the latest trends and statistics in the online freelance industry can help both freelancers and businesses make informed decisions and adapt to a rapidly changing landscape.

References

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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.

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