What is the future of the freelance industry in 2022?

 All thanks to COVID-19 pandemic, 2020 brought profound changes across all industries. One of the most significant changes was the boom in freelance work. The so-called “gig economy” has been growing steadily for years. The economic challenges in 2020 and the rise of remote work contributed to even more growth in the number of people taking on freelance work. Let’s look at some of the numbers below to understand the past, present and the future of the freelance industry.

In 2020, 2 million workers joined the freelance economy, raising the percentage of American workers engaged in freelancing full time by 8% to a total of 36%. The freelance sector has grown to generate $1.2 trillion in income annually.

Younger generations of workers are also more likely to participate in the freelance economy, with 50% of Gen-Z and 44% of Millennials working freelance.

Another driving factor in the growth of the freelance economy is that many workers feel that freelancing offers better flexibility. This has become especially relevant with the increasing uncertainty of living life with Covid-19.

Looking at the facts above, it’s quite evident that new technologies, data analytics and social networks would have a huge impact on how people communicate, collaborate and work. According to experts following industries would see a boom in freelance jobs:

• Accounting, finance, and bookkeeping

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• Therapy
• HR and Recruiting
• Computers and IT
• Real Estate

Whether you have been a freelancer for a long time or looking to take a plunge into freelancing, now is the right time to do so.