GlobalData Plc: Technology Advancements Expected to Drive Sharing Economy

·5 min read
GlobalData Plc
GlobalData Plc

Technology has emerged as the key enabler for the adoption of the sharing economy

LONDON, May 18, 2022 (GLOBE NEWSWIRE) -- Sharing economy is an economic system in which private individuals share assets and services, either free or for a charge, often using a community-based online platform. The sharing economy has enjoyed a rapid rise, particularly over the last decade. It has penetrated most industries, facilitated by improvements in the performance of digital platforms and consumers’ increasing willingness to use mobile apps that support peer-to-peer business models. Companies are now using GPS, data analytics, and artificial intelligence (AI) to connect consumers with owners in real-time. GlobalData expects the popularity of the sharing economy model to fuel revenue growth across several markets, including shared mobility, shared property, shared consumer goods, and shared financials.

The Sharing Economy – Thematic Research Report offered by GlobalData Plc provides an overview of the sharing economy theme. The report identifies the key trends impacting the growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends. It also includes comprehensive industry analysis, including analysis of company filings, hiring, and social media trends. The report contains details of M&A deals driven by the sharing economy theme, and a timeline highlighting milestones in the development of the sharing economy.

Key Technology Trends Impacting the Sharing Economy Theme

  • Social media

  • Artificial intelligence (AI)

  • Cybersecurity

  • Blockchain

Social media accounts are also to validate users registering on apps. Signing into sites via Facebook or Google improves the customer experience and ensures that businesses receive accurate customer information. It also enhances security. Whenever a user opts to use a single social sign-in, their social media account is prompted to type in a temporary code. This code can only be accessed through the customer’s registered mobile phone.

For more insights on technology trends impacting the sharing economy theme, download a free sample report

Key Macroeconomic Trends Impacting the Sharing Economy Theme

  • COVID-19

  • China

  • Urbanization

  • Strategic partnerships

  • ESG

The COVID-19 pandemic has caused significant problems for sharing economy companies worldwide. With extended lockdowns in many countries and the global economy entering a deep recession in 2020, companies like Uber, Lyft, Grab, and Airbnb saw bookings drop sharply.

For more insights on macroeconomic trends impacting the sharing economy theme, download a free sample report

Key Regulatory Trends Impacting the Sharing Economy Theme

  • Carbon emissions

  • Data privacy

  • Labor rights

The auto industry is led by regulation as much as it responds to consumer demand. From Corporate Average Fuel Economy (CAFÉ) regulations in the US to Regulation (EU) 2019/631 setting CO2 emission performance standards in the EU and the Bharat regulations in India, all have shaped the average CO2 emission performance standards for the sale of new passenger cars and light trucks.

For more insights on regulatory trends impacting the sharing economy theme, download a free sample report

Leading Companies Associated with Sharing Economy Theme

  • Airbnb

  • Comuto (parent company of BlaBlaCar)

  • Didi Chuxing

  • eBay

  • Expedia Group

  • IWG

  • Kickstarter

  • Lyft

  • ShareNow

  • Uber

  • WeWork

To know more about leading companies associated with the sharing economy theme, download a free sample report

Sharing Economy Market Overview

Key Technology Trends

Social Media, Artificial Intelligence (AI), Cybersecurity, and Blockchain

Key Macroeconomic Trends

COVID-19, China, Urbanization, Strategic Partnerships, and ESG.

Key Regulatory Trends

Carbon Emissions, Data Privacy, and Labor Rights.

Leading Companies

Airbnb, Comuto (parent company of BlaBlaCar), Didi Chuxing, eBay, Expedia Group, IWG, Kickstarter, Lyft, ShareNow, Uber, and WeWork

Sharing Economy Market Report Scope

  • This report provides an overview of the sharing economy theme.

  • It identifies the key trends impacting the growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.

  • It includes comprehensive industry analysis, including analysis of company filings, hiring, and social media trends.

  • It contains details of M&A deals driven by the sharing economy theme, and a timeline highlighting milestones in the development of the sharing economy.

  • The detailed value chain is split into four segments: shared assets and services, infrastructure, sharing economy platforms, and use cases.

Reasons to buy

  • Over the past few years, the sharing economy has grown rapidly, driven by increased urbanization, technological advancements, greater familiarity with peer-to-peer sharing, fewer entry barriers, and the financial gains it offers to consumers. Moreover, high mobile penetration and the increasingly important position of millennials in the global economy—alongside increased demand for shared assets—have paved the way for new business opportunities and additional revenue streams for both individuals and businesses.

  • This report provides a detailed overview of this increasingly important theme, including identifying leading companies across all aspects of the sharing economy.

FAQs

What are the key technology trends impacting the sharing economy theme?

Social media, artificial intelligence (AI), cybersecurity, and blockchain are the key technology trends in the sharing economy.

What are the macroeconomic trends impacting the sharing economy theme?

COVID-19, China, urbanization, strategic partnerships, ESG are the macroeconomic trends impacting the sharing economy.

What are the key regulatory trends impacting the sharing economy theme?

Carbon emissions, data privacy, labor rights are the key regulatory trends impacting the sharing economy theme.

Which are the key companies associated with the sharing economy theme?

Airbnb, Comuto (parent company of BlaBlaCar), Didi Chuxing, eBay, Expedia Group, IWG, Kickstarter, Lyft, ShareNow, Uber, and WeWork are the key companies associated with the sharing economy theme.

Related reports

  • Consumer Behavior Case Study: Sharing Economy – Click here

  • Sharing Economy (Travel and Tourism) – Thematic Research – Click here

  • Sharing Economy in Consumer Goods – Thematic Research – Click here

  • Sharing Economy in Insurance – Thematic Research – Click here

  • Splinternet – Thematic Research – Click here

About us

GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

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GlobalData

Mark Jephcott
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mark.jephcott@globaldata.com
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