Infographic: Understanding the Sharing Economy

SHARING ECONOMY Collaborative Consumption, Relationship Economy, Access Economy, Peer-to-Peer Economy One of TIME Magazine's 10 ideas that will change the world (2011) What? Economic Model based on 'Access to' rather than 'Ownership of' physical and human assets like time, space and skills. Why? 76 YEARS for Telephones to reach half the US World Population will be 9.3 BILLION 7 times more devices than people by 2050 population, Smartphones took less than BY 2020 35% expected 10 years increase in global food demand BY 2030 Peer to Peer Social Networking Innovative Mobile Technologies • Peer to Peer Payment Systems • Reduced Transaction Costs • Increasing Population Density Need for more Resources Technology Desire for Community A US consumer spends 58 MINUTES DRIVERS OF SHARING ECONOMY • Dissatis fied with Consumerist Culture per day on their smartphone Cities occupy 0.5% of the Fconomy world's land surface and CONSUME 75% Companies that provide access over ownership could generate of its natural resources. • Monetize Excess or Idle Inventory Increase Financial Flexibility Access Over Ownership Influx of VC Funding $3.5 BILLION in 2013 Average Usage of an Electrical Drill $2.46 billion funding in Sharing Economy startups in the last 7 MONTHS $ is a mere 12 MIN per year Who? 40% 38% 會 命 介 命 介 令 介 令 介 會 介 命 介 命 介 會 介 會 VS 62% •... The Stakeholders • Providers of Services, Space, or Resources • Consumers of these Services Traditional Service Providers THE PEOPLE 01 • Nonprofits, NGOS, focusing on empowering or advancing sustainability THE TECHNOLOGISTS 02 • The startups • The investors • Sharing advocates and lobbyists THE ESTABLISHED 03 Incumbent Corporations Respective Lobbyists Governments, supporting innovation as well as protecting their vested interests THE INFLUENCERS 04 • Press and Media • Thought Leaders Customer/Consumer shift happening in society Producers Sellers Manufactures Transport Hoteliers Operators Consumer 000000000 Lenders Banks Teachers Universities Where? Goods PRE OWNED GOODS kijiji Threadflip craigslist ebay yerdle LOANER PRODUCTS RENTTHERUNWAY ROCKSBOX ³ sh shop it to me Pleygo love, wear. return. CUSTOM PRODUCTS Etsy Quirky THE GROMMET Services Elance freelancer QDesk crowdSPRING PROFESSIONAL Angies list Instacart PERSONAL TaskRabbit my TaskAngel Transportation TRANSPORTATION SERVICES lyA Side car LOANER VEHICLES zipcar CAR 2GO Space LIQUIDSPACE Desks Near. Me OFFICE SPACE ShareDesk PLACES TO STAY Zonefinestay airbnb Money MONEY LENDING LendingClub PROSPER Circleup KICKSTARTER indiegogo CROWDFUNDING Online Content You Tube napster MUSIC/VIDEOS INFORMATION WIKIPEDIA The Free Encyclopecdia When? 1968 Tragedy of the Commons 1978 "Collaborative Consumption" coined eraigslist ebay 1995 еBay Craigslist 2001 Wikipedia atbub 2008 Task Rabbit Airbnb Indiegogo CAR 2GO Kickstarter 2009 KICK STARTER Daimler launches Car2Go Uber What's Mine Is Yours: The Rise SKILL 2010 of Collaborative Consumption SHARE Skillshare TIME Magazine's 10 ideas that will change the world 2011 TIME) (W Volkswagen Quicar Car Share lyR 2012 Ly ft Ford launches Ford2Go 2013 Ford IKEA Ikea launches Second Hand marketplace How Much? $350 billion in revenue from the sharing economy in 2013 (intelligenthq.com) $2.46 billion funding in the last seven months Collaborative Economy will double this year %$4 Consume P2P rental market is worth $26 billion Investments of Lending Club total $2.6 %24 billion (Forbes) %$4 AirBnB predicts claims eclipse Hilton as the largest hotelier in 2014 Why Not? What's Holding it back Sharing Economies advocate less consumption. This is detrimental for Economies that are fueled by consumer spending which results in Unemployment. Regulations such as taxation, insurance, zoning and licensing and consumer protection. Adequately sized Marketplaces required for sustainable sharing economies Sources: www.forbes.com/sites/shelisrael/2014/01/02/ jeremiah-owyang-profiting-from-a-collaborative-economy www.web-strategist.com/blog/2014/08/11/ecosystem-guide-the-12-players-of-the-collaborative-economy www.intelligenthq.com/business/guide-sharing-economy-part-one www.crowdcompanies.com/blog/graphic-a-timeline-of-corporations-in-the-collaborative-economy www.pwc.co.uk/issues/megatrends/issues/megatrends-collisions. jhtml www.web-strategist.com/blog/2014/03/03/report-sharing-is-the-new-buying-winning-in-the-collaborative-economy www.shareable.net/blog/research-why-big-companies-must-join-the-collaborative-economy Juggernaut %24 %24 Social %24 %24