The Wall Street Journal reports that some estimate that the collaborative consumption industry could be worth as much as $100 billion.
In the article by Ben Rooney, Sharing Gains Currency on Internet, he states:
‘…How big the sector will be is anyone’s guess; estimates go as high
as $100 billion. U.S. analysts Frost and Sullivan have estimated that
just one sector—the car sharing industry in North America—will be worth
$3.3 billion by 2016. Last year Airbnb joined the exclusive $1 billion
Brent Hoberman of venture capital firm Profounders says this is an
attractive market and one in which it has made a number of investments.
“It plays in lots of trends; unused assets, people not being as
materialistic, and it is also green,” he says.
Of course the idea of people sharing rides or swapping homes is
nothing new; what is new is the scale the internet brings to create real
companies. But that scale brings its own problems, one of which is
liquidity, i.e. having enough buyers and sellers, or borrowers and
Read entire article HERE