HAMPSHIRE, England,
July 24, 2017 /PRNewswire/ --
Transport & Corporate
Space Sectors Drive Growth
A new study from Juniper Research has found that the sharing
economy is set to see substantial growth, as players in more
established sectors, such as transport and space, press their first
mover advantage.
The new research, Sharing Economy: Opportunities, Impacts
& Disruptors 2017-2022, forecasts that the sharing
economy will reach $40.2 billion in 2022, in terms of platform
provider revenues, up from $18.6
billion in 2017.
- Download the free whitepaper: Sharing Economy: 3 Industries
Ripe for Disruption
Market Leaders Capitalise
Since Juniper's previous research, some of the biggest names in
the sharing economy including Uber and Lyft, have
seen much greater returns from driver operations than expected. The
research noted that the proportion taken by these platforms is now
around 30% per journey, as providers capitalise on an established
driver network.
In addition, uptake of many leading sharing services has
increased considerably, with listings on shared space provider
Airbnb growing from 2 million at the end of 2015, to 3 million this
year.
Juniper believes that the space and transport sectors will
continue to dominate the sharing industry. However, the research
found that there is increased pressure on companies such as
TaskRabbit in the shared services sector, as more flexible
start-ups and listing sites gain traction and, ultimately, market
share.
Investors Target Corporate Space
The research identified corporate space as the next
high-growth sector in the sharing economy; an area which has
developed rapidly and somewhat under the radar.
Research author Lauren Foye
explained: "The sharing of corporate space via
platforms such as WeWork and PivotDesk is the next
growth area of the sharing economy, with entire floors of office
blocks kitted out and primed for office
sharing."
Substantial investment is also underway, with Softbank investing
$3 billion in WeWork in February 2017, anticipating sustained growth in
the flexible rental of high-spec, modern office properties.
Consequently, Juniper found that the sector will deliver
substantial returns of over $10
billion by 2022.
Juniper Research provides research and analytical services to
the global hi-tech communications sector, providing consultancy,
analyst reports and industry commentary.
For further details please contact
Sam Smith,
Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com