Sharing is not a new concept. The idea of individuals sharing with one another in order to ensure everyone has enough has been around for centuries. Unfortunately, somewhere along the way, people became so wrapped up in corporations, big business, and making money that they all but forgot the once-prevalent act of sharing with neighbors, community members, friends – and quite frankly, anyone who needs something that you can provide. Well, we have started sharing again – and we’re doing so through technology and the sharing economy.
Thanks to peer-to-peer sharing solutions such as Airbnb and Uber, spreading the wealth has recently seen a huge comeback, and it is predicted that this increase in peer-to-peer sharing is only going to continue growing.
So what exactly is in the future of the peer-to-peer sharing economy?
Well, based on the recent, rapid growth seen by the more popular sharing economy companies, it is likely the industry will grow from $14 billion in 2014 to right around $335 billion by 2025. This is enormous, and such growth points to a huge loss in business for companies who are direct competitors of the biggest peer-to-peer sharing companies.
A shift in economic practices such as this will likely lead to an overall change in the way people think about the ownership of items. Assets will be seen as more valuable, but ownership of each and every tool available on the market will no longer be necessary. Even something as simple as a parking spot could become a goldmine, and sharing that spot creates a win-win situation. Learn how you can share your spot below with company’s like ParqEx.
Because the care and keeping of our environment has become so important to so many as of late, this mindset shift could give the sharing economy a large amount of support from eco-conscious individuals. After all, if more people view ownership of certain items as unnecessary, fewer items will be produced in general, resulting in fewer things left sitting unused on shelves or in garages for years on end. Therefore, we foresee the sharing economy becoming a large player in the game of earth conservation.
Another big benefit of the sharing economy is the fact that it makes it virtually impossible for any one company or individual to monopolize an industry. This is because switching from one peer-to-peer sharing platform to another is cheap and painless for consumers, especially since more platforms become available almost weekly.
Because of this, and because the sharing economy is likely to continue seeing rapid growth in the coming years, it is probable that consumers will begin to see more options and the most fair prices in history as the sharing economy begins to replace some of the world’s biggest businesses. This will lead to the further growth and usage of the sharing economy, encouraging others to open up shop as a peer-to-peer sharing platform.
In addition to a shift in the mindset of consumers, it is predicted that we will also begin to see a shift in the mindset of employers everywhere. For instance, because these sharing economy businesses are giving employees more power to jump from one employer to the next, those who do the hiring are going to need to make a switch in how they retain these employees. Instead of threats and barriers which make it difficult to leave, employers will need to embrace the power of the employee and offer them opportunities to grow with their careers. Always ahead of the curve, Uber put this idea into practice when they began helping drivers acquire new vehicles. In this way, they gave their employees the tools they needed to improve as drivers and better their lives.
These are just a few of the major changes we believe the sharing economy will make in the way we live and think about the world. As you can see, the world of peer-to-peer services has an enormous amount of leverage in our society, By using this leverage properly, it is possible that the sharing economy could make some pretty big improvements to our economic health, the state of our planet, and the way individuals view the products they own.
If you are interested in learning more about the sharing economy, listing a parking spot or renting a parking spot, we’d love for you to contact us today at ParqEx.