The Insight Files
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The Insight Files
Consumer trends and news curated by Tourism Australia
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Sharing economy to triple by 2020

Sharing economy to triple by 2020 | The Insight Files | Scoop.it

According to Juniper Research, the sharing economy is set to triple in value, to over $20 billion a year by 2020. This revenue growth will be driven by the sectors of transport, goods, services, music and video and space. Among its predictions, Juniper has identified that ride-sharing (largely led by Uber) will be worth $6.5 billion by 2020. Additionally, space rental, including the likes of Airbnb, is tipped to be worth more than ridesharing by 2019. Find out more.

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The rise of the sharing economy in 2015

The rise of the sharing economy in 2015 | The Insight Files | Scoop.it

Even beyond the world of travel, it is hard to argue with the statement that 2014 was the year of the sharing economy. From Uber’s $40 billion valuation, to Airbnb being named Inc.’s Company of the Year, it was difficult to avoid coming across the sharing economy world no matter where you looked this past year. 2015 will be the year the sharing economy space becomes even more mainstream, providing a better, more curated and professional experience. Early on it was enough for sharing economy companies to operate as siloed marketplaces. They brought parties together enabling them to transact, but after that initial introduction the companies in the middle had little to do with the actual experience. As 2014 ended and 2015 is beginning we are seeing a shift away from the amateurism that has defined the sharing economy to date, and towards the curated professional experience that will be required going forward. Click here to learn more.

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The economic effects of ridesharing in Australia

Ridesharing is one part of the growing 'sharing economy' which, enabled by digital tools, is transforming the Australian economy. The agility of new businesses and their widespread impacts have captured the attention and imagination of the public, industry and the government - right up to the Prime Minister. This report from Deloitte provides an initial assessment of the economic effects of ridesharing for Australia - what it means for drivers on the Uber platform, regulators, traditional businesses and most importantly, consumers. Download the report here.

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