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Market News 2021: Gig Based Business Market Research, Development, Top Companies, Trends and Growth 2021 to 2025

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Chicago, United States: The latest report from Report Hive Research says the Gig Based Business Market will grow with a stable CAGR for the coming years. The publication offers a glimpse into the historical market data and the milestones it has reached. The report also includes an assessment of current market trends and dynamics to reflect the evolution of the Gig Based Business market. The analysts used the Five Forces analysis and Porter’s SWOT analysis to detail the various elements of the market. In addition, he studies socio-economic factors, political changes, and environmental norms that can affect the Gig Based Business market.

The research report is designed to give readers an unbiased look at the Gig Based Business market. Therefore, in addition to statistics, it also contains opinions and recommendations from market experts. This gives readers a holistic view of the global market and its segments. The research report includes a study of the market segments by type, application and region. It helps identify segment-specific drivers, constraints, threats and opportunities.

Get Free PDF Sample Copy of this Report to understand the structure of the complete report: (Including Full TOC, List of Tables & Figures, Chart)

The Following Companies are Major Contributors to the Gig Based Business Market Research Report: TaskRabbit, Guru, Rover, HopSkipDrive, Freelancer, Fiverr, Favor Delivery, Upwork, DoorDash, BellHops, Turo

Segment Analysis

The report categorizes the Gig Based Business industry by segment, including product type and application. Each segment is valued based on its growth rate and share. In addition, analysts examined potential regions that could prove useful for Gig Based Business manufacturers in the coming years. The regional analysis includes reliable value and volume forecasts and thus helps market participants to better understand the Gig Based Business industry as a whole.

Request For Customization: https://www.reporthive.com/request_customization/2298157

Geographical scenario:

-Middle East and Africa (Gulf States and Egypt)
-North America (USA, Mexico and Canada)
-South America (Brazil etc.)
-Europe (Turkey, Germany, Russia, UK, Italy, France, etc.)
-Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Scope of the Report:

The Gig Based Business Market Research Report is a comprehensive publication that aims to determine the financial outlook for the market. For the same reason, it offers a detailed understanding of the competitive landscape. It examines some of the leading players, their leadership styles, their status in research and development, and their expansion strategies.

The report also includes product portfolios and a list of products in development. It provides a detailed explanation of the advanced technologies and investments to upgrade existing technologies.

Collectively, this research repository encapsulates data of Gig Based Business market to offer strategic decision-making abilities to various investors, business owners, decision-makers as well as policymakers.

Key questions answered in the report:

1. What is the Keyword Market’s Growth Potential?
2. Which product segment will get the lion’s share?
3. Which regional market will lead in the coming years?
4. Which application segment will grow steadily?
5. What growth opportunities could arise in the Gig Based Business industry in the coming years?
6. What are the main challenges for the Gig Based Business market in the future?
7. Which companies lead the Gig Based Business market?
8. What are the main trends that are positively influencing market growth?
9. What growth strategies are players considering to stay in the Gig Based Business market?

Table of Contents

1 scope of research
2 summary
3 Competition from manufacturers
4 Market size by type
5 Market size by application
6 Market Size by Region
7 Company profile
Eight value chain and sales channel analyzes
9 Analysis of market drivers, opportunities, challenges and risk factors
10 key findings from the Gig Based Business study
11 Appendix

Get Free Sample Copy of this report: https://www.reporthive.com/request_sample/2298157

Key target audience for Gig Based Business report:

The report is insightful documentation and provides significant insights to customers, business owners, decision-makers, providers, distributors, suppliers, policymakers, manufacturers, investors, and individuals who have a keen interest in the Gig Based Business market.

How Report Hive Research is different than other Market Research Providers:

The inception of Report Hive Research has been backed by providing clients with a holistic view of market conditions and future possibilities/opportunities to reap maximum profits out of their businesses and assist in decision making. Our team of in-house analysts and consultants works tirelessly to understand your needs and suggest the best possible solutions to fulfill your research requirements.

Our team at Report Hive Research follows a rigorous process of data validation, which allows us to publish reports from publishers with minimum or no deviations. Report Hive Research collects, segregates, and publishes more than 500 reports annually that cater to products and services across numerous domains.

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As Congress scrutinizes gig worker rules, small-business owners need to know the basics – The Philadelphia Inquirer

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Uber’s UK ruling could have implications for gig economy startups

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Former Uber drivers Yaseen Aslam and James Farrar first brought their case against Uber in 2016
(Carl Court/Getty Images)

The UK’s Supreme Court has rejected Uber‘s appeal against an earlier ruling that said its drivers must be classified as workers, a result that may have a significant impact on other gig economy companies.

The decision—which cannot be appealed—means thousands of UK Uber drivers cannot qualify as being self-employed, entitling them to both minimum wage and holiday pay. The ridehailing company could now face paying substantial compensation to its drivers.

The ruling, which criticized Uber for sidestepping UK labor laws to withhold benefits, could influence other battles between gig workers and the companies that hire them. Earlier this month, the Independent Workers’ Union of Great Britain appealed against a court decision preventing riders for food delivery startup Deliveroo from engaging in collective bargaining due to their self-employed status. Deliveroo, which is backed by investors including Durable Capital Partners and Amazon, is looking to go public this year.

“Employees should benefit from improved rights; however, employers are likely to face increased costs of labor and disruption to their business models, which have proven to achieve rapid scale with gig workers,” said PitchBook analyst Nalin Patel. “The ruling may also now set a precedent in the UK and force other gig economy startups that utilize the self-employed contractor model to rethink how they operate in the region moving forward.”

Former Uber drivers James Farrar and Yaseen Aslam originally won their tribunal against Uber in 2016. Uber appealed the decision, but it was upheld in 2017, and again in 2018 by the High Court.

“This ruling will fundamentally re-order the gig economy and bring an end to rife exploitation of workers by means of algorithmic and contract trickery,” said Farrar, who is also a general secretary with the App Drivers and Couriers Union. “Uber drivers are cruelly sold a false dream of endless flexibility and entrepreneurial freedom.”

In a statement, Uber’s regional general manager for Northern and Eastern Europe, Jamie Heywood,  said the court decision was focused on a “small number of drivers” who used the app in 2016. Since then, he said the company had made changes to its business,  providing free insurance in case of sickness or injury. He added: “We are committed to doing more and will now consult with every active driver across the UK to understand the changes they want to see.”

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The future is now for gig-based entrepreneurship – San Gabriel Valley Tribune

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With Californian Kamala Harris as vice president, it’s clear the new Biden administration is taking its cues from the once-Golden State on labor policy.

In one of its first acts in office, the Biden Administration placed a regulatory freeze on a Department of Labor regulation enacted in the waning days of the prior administration relating to independent contractors.  The rule, according to labor and employment law firm Fisher Phillips, “aims to make it easier for businesses to classify workers as independent contractors.”

It’s unlikely this rule to give more workers freedom to be their own boss and set their own schedules will survive in a Biden administration that was heavily reliant upon labor unions for money and manpower to win the 2020 campaign.

Meanwhile, House Democrats recently re-introduced the controversial PRO Act in Congress, which “seeks to reduce the use of the independent contractor classification by companies such as Uber,” according to CNBC.

Both of these efforts followed the lead of California’s liberal legislative majority, which two years ago enacted the controversial Assembly Bill 5 to severely restrict the ability of Californians to work as independent contractors.  Their goal is to increase union membership and dues and force people to work in traditional, 9-to-5, union jobs that are relics of the past.

Doubling down on AB 5-type restrictions at the national level – which may be the Biden administration’s goal with the nomination of Julie Su, California’s chief AB 5 enforcer, as deputy Secretary of Labor – would be a tremendous mistake.  It would threaten innovation and hurt the ability of Americans who have lost their jobs to put food on the table during a global pandemic.

As documented in the new Pacific Research Institute study, “The Small Business Gig,” Americans are increasingly working in the gig economy.  They don’t want government – whether in Sacramento or Washington, DC – dictating how they can earn a living.

A 2018 Gallup survey found that 36 percent of U.S. workers have some sort of a gig worker arrangement.  Whether renting out an extra room to earn cash to pay the mortgage or using an app to earn a living on an alternate schedule, the gig economy is increasing opportunities for Americans to become entrepreneurs, while providing customers with lower cost services.

Many in California state government see the gig economy as exploitative and disruptive.  But data from the ADP Research Institute shows that 70 percent of gig workers are independent workers by choice.  Gig Economy Data Hub research found that more than two-thirds of gig economy workers are satisfied with their current work arrangement.

Government shouldn’t pick winners and losers in the economy.  New restrictions on the gig economy, like those proposed in Congress, will limit people’s freedom to become entrepreneurs while institutionalizing the old way of doing work.

Instead of adopting regulations at the federal level that 58 percent of Californians – Democrats, Republicans, and independents alike – rejected when they passed Proposition 22 in November, the Biden administration and Congress should take the opposite approach and enact market-based policies to encourage entrepreneurship and innovation.

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