![]() At any given time, the platform has approximately 100,000 jobs available across a wide range of skills.įor comparison,, another leading international freelance platform, has 30 million registered freelancers. Upwork, which is considered one of the largest online freelance marketplaces globally, has about seven million registered freelancers and 12 million registered clients. Upwork has seven million registered freelancers. However, it should be noted that the higher value released by Freelancer could be indicative of estimation difficulty. In terms of total market value, Freelancer, Upwork, and Fiverr are the top freelancing websites.įreelancer, Upwork, and Fiverr are all valued at hundreds of billions of dollars and generate several billion in revenue each year.Īccording to research on online freelancing platforms, Fiverr estimates that their total addressable market is $115 billion, Upwork estimates that their total addressable market is $560 billion, and Freelancer estimates that their total addressable market is $5 trillion. ![]() economy on a yearly basis, freelance work adds more money to the nation’s economy than the construction and transportation industries. Income made by freelance workers represents 5% of the United States’ gross domestic product or total market value.Ĭontributing more than $1 trillion to the U.S. Of that 10%, however, 88% of people said they planned to return to freelancing in the future. Of the 12% of the labor force that started freelancing for the first time during the pandemic, 48% of them already see it as a full-time and long-term career opportunity.Īlthough the number of new freelancers increased during the pandemic, it should be noted that 10% of existing freelancers stopped working due to COVID shutdowns. The onset of the COVID-19 pandemic in 2020 resulted in an influx of new freelance workers across the nation. In 2020, an additional 12% of people in the United States started freelancing for the first time. ![]() Thus, according to the data, approximately 25.3 million people, of the total 70.4 million individuals performing freelance work across the country, are full-time freelance workers. Research suggests that 36% of the freelancing workforce in the United States do so full-time on a long-term basis. The top ten global markets for freelancers also included Pakistan, Ukraine, The Philippines, India, Bangladesh, Russia, and Serbia.ģ6% of freelancers are full-time, long-term freelancers. was followed by the United Kingdom and Brazil, with year-on-year revenue growth of 59% and 48%, respectively. In 2019, the United States was ranked as the largest freelance market in the world, with a 78% year-on-year revenue growth. The United States has the largest freelancer market in the world based on year-on-year revenue growth. The Freelance Industry | Freelancing by Industry | Freelancers | Benefits | Challenges | Trends There are an estimated 1.2 billion freelancers in the world - that’s over 34% of the global workforce.įor further analysis, we broke down the data in the following ways: The number of freelancers in the United States has increased by almost 33% between 20.įreelancers earn, on average, $28 an hour for performing skilled services.Ĭomputer programming, marketing, IT, and business consulting are top industries for freelancing, with 50% of freelancers providing such services.įreelancing is expected to grow by approximately 14% over the next six years. ![]() With that in mind, let’s break down the benefits and challenges of freelancing, along with the trends and predictions related to the future of freelancing in the United States:ħ0.4 million Americans did freelance work in 2022.įreelancers contribute $1.3 trillion to the United States’ economy each year.Īs of 2022, 36% of the U.S. Even despite the fact that the COVID-19 Pandemic is starting to have less of a hold on the U.S., many Americans who got a taste of freelancing are eager to keep the new lifestyle going. As more and more people have adapted to working at home, the number of them adopting freelance work has been growing at unprecedented rates.
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