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What's next in the sharing economy?

Sharing Economy is the peer to peer based activity of sharing assets, products, services in an online-based community. It enhances the usability of under-used assets and expands their lifetime in the sharing economy platforms. For more info, refer to this presentation.

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What's next in the sharing economy?

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  1. WHAT’S NEXT IN SHARING ECONOMY?

  2. SYNOPSIS BENEFITS OF SHARING ECONOMY ● IS SHARING ECONOMY SAFE? ● COUNTRIES WELCOME SHARING ECONOMY ● FUTURE OF SHARING ECONOMY ● 2

  3. What is sharing economy? ● It is peer to peer based activity of sharing assets, products, services in an online based community. ● It enhances the usability of underused assets and expand their lifetime in the sharing economy platforms. 3

  4. Benefits of sharing economy

  5. It is providing unique and personalized experience and helps in increasing user engagement and retention rates. New inventions and modern technologies like AI, big data, machine learning algorithms are helps in reaching a wider audience. ➔ ➔ Business models like commision based, subscription based, lead generation fee, listing fee, freemium services and helps in earning steady revenue. ➔ 5

  6. IS SHARING ECONOMY SAFE? 6

  7. Safety Measures of the sharing economy: Identity verification is also important because it helps for both check in and check out process to avoid fraudulent transactions. ➔ The most common way used by sharing economy is verifying the user’s email address and phone numbers with a OTP Biometric authentication is the most welcoming technology. It is even more seamless and secure too ➔ ➔ 7

  8. Countries welcoming sharing economy 8

  9. In the US, the sharing economy is used by 44.8 million users and 162 million people providers on sharing platforms. The user growth will expand to 86.5 million by 2021. ● The China’s sharing economy is using by 700 million people and it has already reached $763.5 billion, 47.2% has been increasing and expecting to grow more than 30%. ● In UK, total transactions will take place at 140 billion by 2025 nad this is expected to grow 60%. ● In Europe, the expected growth will be €570 billion in the upcoming years. ● 9

  10. Future of sharing economy 10

  11. Employment opportunities Sharing economy platforms like income. Airbnb, Uber is providing many opportunities for people to earn It is much easier way to get income by listing out their properties or services. 1 2 11

  12. Market Potential The market reach occurs at a higher rate because of smartphone users are increased by 79.3% from 64% globally. 1 The revenue has increased from $5billion USD to $35.5 billion and will expand to many sectors in the upcoming years. 2 12

  13. CONCLUSION ● Have a plan to build your own sharing economy platforms? ● Our RentALL team is having the best industrial knowledge and familiar with technology frameworks 13

  14. Thanks! For more updates, visit www.rentallscript.com/blog/ 14

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