According to a market report, published by Sheer Analytics and Insights, The India freelance job market was valued at $7.3 billion in 2021 and it is expected to reach $50.4 billion at a CAGR of 16.1%% between 2022 and 2032. Freelancers take tasks from companies and organizations on contract basis. They are self-employed. The job is also known as contract work, where a person can be a contract worker, rather than a permanent worker. Furthermore, this job is an independent job for a laborer who earns wages on a per-job or per-task basis, typically for short-term work. A freelance job can be related to creative, skilled, and service sectors such as in film, art, design, editing, copywriting, proofreading, media, marketing, music, journalism, tourism, photography, tutoring, language translation, catering, and many more. The benefits of a freelance job are having the freedom to work from home or other workplaces, a flexible working schedule, and a better work-life balance. Therefore, due to these benefits and rising factors, the freelance jobs market in India is estimated to drive the growth during the forecast period. However, there is a lack of other benefits such as insurance, retirement plans, and other incentives which are some drawbacks of freelance jobs.
In India, the freelance job is becoming more popular than before. This can be a career choice for a lot of Indian citizens these days. Instead of working regularly, freelance workers are self-employed and offer their services to various businesses and organizations. Therefore, they can work for multiple clients at a time. In India, there are some popular fields in freelance jobs which are writing, design, marketing, and journalism. Over the last few years, freelance workers especially from younger generations are working in these fields and gotten payment based on their working qualities. Moreover, a freelance job can give more flexibility than a singular job. A person can work according to his or her own time and can easily balance between life and work. These pros and benefits are estimated to boost the market in India during the upcoming years.
Over the past few months, the demand for hiring freelance workers have been propelled the Indian freelance job market. The working culture of freelance is ascending towards independence and versatility. Thus, the job culture is developing at a certain pace and many professionals are selecting to discover various work genres. The rising adoption of modern-day work culture is one of the biggest factors driving the growth of freelance marketplace models. In addition, the increasing adoption of advanced technologies such as data analytics, artificial intelligence, and others has decreased the distance between seeker and doer. Hence, this is projected to fuel the market growth during the upcoming periods from 2022 to 2032.
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Key players such as 99designs (Australia), Catalant (U.S), Chegg (India), CrowdSpring (U.S), Envato (Australia), Echo360 Inc (U.S), Freelance India (India), Flexiple (India), Fiverr (Israel), Freelancer.Com (Australia), Gigster (U.S), Guru.Com (U.S), IKEA (Sweden), Internshala (India), INGKA Holding (Netherlands), Nexxt Inc (U.S), PeoplePerHour (U.K), Rockerstop (India), SkyWord (U.S), Toptal (Hungary), Truelancer,Com (India), Upwork Inc (U.S), WriterAccess (U.S), WorknHire (India), Youth4Work (India), among others are leading the Indian freelance job market.
India Freelance Jobs Market Has Been Segmented Into:
India Freelance Jobs Market – by Job Type:
India Freelance Jobs Market – by Enterprise Type:
India Freelance Jobs Market – by Regions:
India
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