A sharing economy takes a variety of forms, often leveraging information technology to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services
Sharing Economy is going to replace the traditional economy model, generating more providers of products and services into the market, extending consumers’ choice, and reducing wastes.
“…the sharing economy is deepening and spreading. Thousands of new business now sell access rather than ownership… collaborative consumption is a way to live light, waste less, to protect the environment… de-clutter and save money… ”
“The sharing economy is a little like online shopping, which started in America 15 years ago… This emerging model is now big and disruptive enough… That is a sign of its immense potential… ”
Sharing Economy Prospect
- The Economist : On the internet, everything is for hire.
- “… the consumer peer-to-peer rental market alone is worth $26 billion.”(The Economist, 3/2013)
- “UK Consumer earnings from the Sharing Economy totaled £4.6 billion from May 2012 – May 2013” (The People Who Share, 5/2013)
- “The revenue flowing through the share economy directly into people’s wallets will surpass $3.5 billion this year, with growth exceeding 25%.” (Forbes, 1/2013)
- “According to an article by Jaime Contreras in MIT Sloan Expert, collaborative consumption is a potentially $110 billion market.” (MIT Sloan, 12/2011)
- “By 2020, there will be 31 million members of car-sharing programs worldwide.” (Taskrabbit Slideshare, 6/2013)
“Sharing Economy” Platform Advantage
- “34% of humans are online, but with a growth rate of 566%” (World Internet Isage Stats, 8/2013)
- “75% of participants predicted that their offline sharing will increase in the next five years.” (Shareable Magazine, 2010)
- “43.8% would take part as a consumer, and 31.9% as a provider.”(Collaborative Consumption, 8/13)