Sharing economy platforms operating in transport and accommodation alone could be worth a combined $500bn by 2020, according to a whitepaper from Mastercard and The Future Agenda. Crowdfunding and peer-to-peer lending is predicted to be the fastest-growing sharing economy sector, with a CAGR of 63% between 2013 and 2025, followed by online staffing at 37%. In addition, there are many other examples where people have been able to share goods or services without needing intermediaries such as banks or credit card companies. Trust, improving the experience, and creating greater value through interconnectivity will be pivotal to the sector's growth, summarised the report.
Sharing economy platforms operating in transport and accommodation alone could be worth a combined $500bn by 2020, according to a whitepaper from Mastercard and The Future Agenda. Crowdfunding and peer-to-peer lending is predicted to be the fastest-growing sharing economy sector, with a CAGR of 63% between 2013 and 2025, followed by online staffing at 37%. New sectors will emerge and winners are expected to "dominate, consolidate and broaden their service". Trust, improving the experience, and creating greater value through interconnectivity will be pivotal to the sector's growth, summarised the report.