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Total Human Cloud Spending Between USD $47 & $51 Billion
[September 12, 2017]

Total Human Cloud Spending Between USD $47 & $51 Billion


MOUNTAIN VIEW, Calif., Sept. 12, 2017 /PRNewswire/ -- Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, has released new findings and data from research on the human cloud. Covering key findings, market estimates and detailed insights, The Human Cloud, the Gig Economy & the Transformation of Work summarizes the data and information presented in a recent 52-page report*, available for SIA members.

With technology driving transformation across industries and continents, the workforce solutions ecosystem is finding new ways to automate the connection to talent. SIA estimates that total human cloud spending reached between $47 and $51 billion globally in 2016. The business-to-business (B2B) segment of the human cloud grew approximately 20% year-over-year, with remote work arrangements accounting for 80% of human cloud revenue and highlighting flexible work location as one of the benefits of the human cloud.

"We continue to see growing maturity in the human cloud landscape," said Barry Asin, President of Staffing Industry Analysts (SIA). "Going forward more enterprises will incorporate human cloud solutions into their talent supply chain."

The Human Cloud, the Gig Economy & the Transformation of Work includes a ranking of human cloud companies by revenue, comprising companies with revenue of at least $25 million in 2016. China heads up the largest B2B human cloud companies, with the USA making up the rest of the companies included in the top five. Japan, Israel and Australia are also represented among the top ten B2B human cloud companies.

The five largest B2B human cloud companies:



Company

2016 Revenue ($millions)

Headquarters Country

Zhubajie

1,269

China

Upwork

1,200

USA

MBO Partners

404

USA

Gerson Lehrman Group

320

USA

Axiom

250

USA


"Technology is changing how workers manage their careers and how companies procure talent," said David Francis, Senior Research Analyst at SIA. "We think human cloud platforms provide a glimpse into how firms of the future will manage and engage talent and get work done."

SIA features firms from across the human cloud and gig economy at the 2nd annual Collaboration in the Gig Economy conference in Dallas this week. Leading experts share their perspectives on the human cloud in sessions such as The Human Cloud and the Gig Economy: Where to Next?; Disrupting Professional Services; AI and the Gig Economy; Taking the Human Cloud to Enterprise; and Growing your Gig Platform. The conference takes place September 13-14, 2017 at the Omni Dallas Hotel. For more info and the full agenda, visit www.collaborationgigeconomy.com.

The Human Cloud, the Gig Economy & the Transformation of Work summary report can be obtained via the SIA website, under Free Resources. *The full 52-page The Gig Economy and Human Cloud: 2017 Update report is available for SIA's Corporate and CWS Council Members.

About Staffing Industry Analysts (SIA)
SIA is the Global Advisor on Staffing and Workforce Solutions
Elevating the Workforce Solutions Ecosystem

Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA's independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.

Known for our award-winning content, data, support tools, publications, executive conferences and events, we help both suppliers and buyers of workforce solutions make better-informed decisions that improve business results and minimize risk. As a division of the international business media company, Crain Communications Inc., SIA is headquartered in Mountain View, California, with offices in London, England.

Media Contact
Jennifer Arcuni, Communications Director, Staffing Industry Analysts
jarcuni@staffingindustry.com | +1 650-390-6171 | www.staffingindustry.com

 

View original content:http://www.prnewswire.com/news-releases/total-human-cloud-spending-between-usd-47--51-billion-300518241.html

SOURCE Staffing Industry Analysts


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