As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting.
According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million consumers and $57.6 billion in spending each year and these numbers are predicted to continue to rise. PwC estimates that the on-demand economy will reach $335 billion by 2025.
The sharing economy — also sometimes called the gig economy, peer-to-peer economy and on-demand economy – refers to businesses offering goods and services through mobile apps and other digital platforms that quickly match demand and supply.
