In 2017 the number of companies operating in the sharing economy will continue to rise rapidly as more and more business models are experimented with. Household names already include Uber, Airbnb etc. The public seems to be embracing this phenomenon and are flocking to join these platforms across the globe.
The ‘sharing economy’ movement delivers a whole new range of ideas and services. Often utilising our modern digital tools of smart phones, apps, location based technology, near-field communications, fixed broadband, social networks, m-payments etc – the notion is to share excess goods and services with the broader community, sometimes for profit. In particular - mobile apps are being developed in order for consumers to easily access the shared opportunities. This report explores the emerging phenomenon of the Shared Economy and provides valuable examples from around the world.
The sharing and networking economy is opening up a whole new range of business opportunities for personal and personalised services. Interesting business models based around car and bike sharing, money lending, clothing swaps, pet minding and currency exchange are emerging. Legal and regulatory issues are arising due to some of the services disrupting and transforming existing industries (e.g. Uber, Lyft).
Number of pages 12
Last updated 1 Jan 2017
Analysts: Paul Budde
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