Today In Data

Platform Economy’s Strong Growth, Based On Trust

Sharing Economy

The platform economy is global in scope, spanning countries, borders, languages and currencies. Digital meeting places, you might call them – bringing buyers and sellers together across any number of verticals, from eCommerce tied to retail to gig economy matchups that get projects done. It’s big business – and about to get bigger, as the stats show, per our latest findings in the Payments and the Platform Economy. Underpinning it all? The glue boils down to one word: trust.

Data:

$335 billion: Estimated size of the global sharing economy by 2025.

$28.6 billion: Projected size of the global electric scooter market by 2025.

$1 million: Guaranteed insurance policy value for each booking on the car sharing platform Getaround.

41.7 percent: CAGR of the global integrated SaaS market between 2018 to 2025.

$490 billion: Projected value of the global telecom API market by the end of 2024.

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