The Rise of the Sharing Economy

Over the past decade, the world has witnessed the rise of a new sharing economy – one where people use Internet and mobile technologies to access goods and resources provided by their peers, rather than a traditional corporate vendor. As of 2013, the five main sectors of the sharing economy comprised a market of about US$ 15 Billion globally, according to PwC. By 2025, PwC says, this market will grow to US$ 335 Billion, more than 20 times its current size and equal to the traditional rental market.

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