Luxury Cruise Industry Market Size and SWOT Analysis

The luxury cruise industry is projected to rapidly expand within the next decade. However, the industry as a whole is sensitive to bad publicity. In 2017, the estimated market size of the luxury cruise industry was $25.8 million. Below, we discussed our SWOT analysis of the luxury cruise industry in more detail.

Luxury Cruise Industry Market Size and SWOT Analysis

Luxury Cruise Line SWOT

Strengths

The luxury cruise industry is a rapidly expanding segment of the cruise industry. Between 2018 and 2027, the luxury cruise industry is expected to double in size from 544,900 guests in 2018 to about 1,095,286 guests in 2027. According to U.S. News, the top seven luxury cruise lines in terms of quality are Seabourn, Viking, Crystal, Azamara, Regent, Oceania, and Silverseas respectively. In terms of the market, Viking owns 26% of the market. While Viking owns about a fourth of the market, the market is considered healthy due to its expected growth. Both of these statistics are global data points as luxury cruise brands are international entities. Contrary to popular belief, cruises, both in terms of luxury cruises as well as mid-market cruises, is a market that is almost recession-proof. In 2012, cruises as a whole contributed $42 billion to the U.S. economy.

Weaknesses

The primary weakness of the luxury cruise market is its aging market. Luxury cruises skew older. While the market is expected to expand as noted above, the luxury cruise industry has to reach newer customers in terms of age as well as other demographic features. Luxury cruises need to expand to and cater to new countries.

Opportunities

Luxury cruises are expanding to new markets in Asia. Currently, the United States and Europe are the primary market for both luxury cruises and mid-market cruises. About 11.5 million customers were Americans according to 2016 data, the latest available. Chinese customers numbered at 2.1 million. American customers number about as much as the next nine highest countries combined.

Luxury cruises must attract younger and multigenerational customers. Attracting younger customers who desire luxury cruises will require a pivot. Sustainability is a desired quality for younger customers as well as some older customers. Some customers of luxury cruises desire “transformational” cruises that offer new experiences rather than simple relaxation.

Threats

The luxury cruise industry as well as the cruise industry as a whole is very sensitive to bad publicity. Crimes or accidents weigh heavily on the mind of consumers when they occur. Commissioning new ships or upgrading old ships is an extremely expensive procedure. One threat to the industry is if a potentially rocky economic era affects the market. Companies expect the industry to expand according to projections and thus have commissioned new ships. The rapid and high spending may not pay off if the market contracts which leaves these companies with expensive assets.

Luxury Cruise Industry Market Size

In 2017, the estimated market size of the luxury cruise industry was $25.8 million. Some of the major players within this industry include Viking Ocean with a 35.7% market share, Silversea with 13% market share, MSC with a 9.2% market share, Crystal with 7.8% market share and Seaburn and Regent both with a 7.6% market share.

THE MARKET SIZE OF THE LUXURY CRUISE INDUSTRY AND THE MAJOR PLAYERS

In 2016, the market size of the luxury cruise industry was estimated at $24.7 million, increasing to $25.8 million in 2017. Over the last five years, demand for cruising has increased by 20.5% with the demand exceeding supply and the growth facilitated by sustained consumer interest in cruising. @1

According to the Cruise Industry News, there has also been an increase in the number of ships, increasing from 45 ships in 2018 to 84 ships in 2027, representing an increased capacity of 139%. Across the world, the US has the highest number of cruise ship passengers, at 11.9 million.

Some of the companies that offer this service include: Regent Seven Seas Cruises, Pullmantur Cruises, TUI Cruises, Norwegian Cruise Line, MSC Cruises (USA) Inc., Holland America Line, Cunard Line, Celebrity Cruises, Azamara Club Cruises, AIDA Cruises, Costa Cruise Lines, P&O Cruises, Oceania Cruises and Princess Cruises. The major players include:

  • Viking Ocean-35.7%  
  • Silversea- 13%  
  • MSC-9.2%  
  • Crystal-7.8% 
  • Seabourn-7.6%  
  • Regent-7.6%
  • Ponant-5.7%
  • Hapag-LIyod-3.5%  
  • Windstar-3.2%
  • Ritz Carlton-2.7%  
  • Scenic-2.4%  
  • Paul Gauguin-1%
  • Seadream-0.6% 

Luxury Cruise Industry Growth Factors

The luxury cruise industry in the United States is growing at 5.42% yearly. Of the 11.5 cruise passengers in the United States in 2017, we’ve estimated that about 2% of them are luxury cruise passengers as compared to 5% share globally. In 2017, about 234,000 Americans boarded the luxury cruise liners, and this figure is expected to reach 396,500 annual luxury cruisers by 2027. Luxury cruise lines headquartered in the United States are Crystal, Seabourn, Regent, Windstar, Ritz-Carlton, Paul Gauguin, and SeaDream. From recent records, there was an increased number of bookings made which led the cruise industry to create more ultra-luxury cruise ships. The affluent travelers are driving the growth due to their increased interest in spending their holidays and vacations on-board ultra-luxury cruise liners.

RESEARCH METHODOLOGY

To determine the growth rate and growth factors of the luxury cruise market in the United States, we thoroughly searched industry-related articles, research papers, reports, and publications. From our search, we were not able to obtain specific market research studies that directly address the growth rate of the luxury cruise market, specifically for the United States.

We, therefore, calculated the growth rate using available statistics. For this research, the growth rate provided was based on the analysis of the estimated number of luxury passengers in the country. We utilized a top-down analysis and methodology. For example, we first determine the global market figure and determine the US market share. We’ve explained below our detailed calculations, assumptions, and estimations.

THE UNITED STATES LUXURY CRUISE INDUSTRY GROWTH RATE

According to a report released by the Cruise Industry News in 2019, there are 13 cruise lines operating in the luxury segment globally. The report also noted that the global luxury cruise ship would grow 139% (about 9% annual growth rate) from 2017 to 2027. Of the 13 global luxury cruise lines, 7 of these are US-based. Globally, the luxury segment is expected to record 1.3 million passengers by 2027. From the report, we extracted the US-based companies’ projected market shares and calculated their number of passengers.

US-based luxury cruise % share and number of passengers by 2027:

  • Crystal (7.8%) = 1.3 million * 7.8% = 101,400
  • Seabourn (7.6%) = 1.3 million * 7.6% = 98,800
  • Regent (7.6%) =1.3 million * 7.6% = 98,800
  • Windstar (3.2%) = 1.3 million * 3.2% = 41,600
  • Ritz-Carlton (2.7%) = 1.3 million * 2.7% = 35,100
  • Paul Gauguin (1%) = 1.3 million * 1% = 13,000
  • SeaDream (0.6%) = 1.3 million * 0.6% = 7,800

Total of the above = 396,500

To determine the current or recent number of luxury passengers of the above luxury cruise lines, we compared the 2017 statistics provided by Cruise Market Watch. In 2017, the overall cruise market recorded 26 million passengers. We multiplied the percentage share of the above luxury cruise lines to get the total luxury passengers in the United States.

US-based luxury cruise % share and number of passengers in 2017:

  • Crystal (0.2%) = 26 million * 0.2% = 52,000
  • Seabourn (0.2%) = 26 million * 0.2% = 52,000
  • Regent (0.3%) = 26 million * 0.3% = 78,000
  • Windstar (0.2%) = 26 million * 0.2% = 52,000
  • Ritz-Carlton = No record as it will only begin sailing by 2020.
  • Paul Gauguin (0.0%) = 0 (very small number) 
  • SeaDream(0.0%) = 0 (very small number) 

Total of the above = 234,000

We calculated the annual growth rate by using the CAGR formula:

Annual growth rate, CAGR = ((2027 value/2017value)^(1/10 years) -1 ) * 100

= ((396,500/234,000)^(1/10 years)-1) * 100

= 5.42%

GROWTH DRIVERS

  • Affluent travelers are driving the growth due to increased interest in spending their holidays and vacations on-board ultra-luxury cruise liners. Notably, there was an increased number of bookings by these demographics recently, which led the cruise industry to create more ultra-luxury cruise ships.
  • Another major driver of growth is that more affluent and luxury travelers are seeking “authentic experience.” According to the Virtuoso’s 2018 Luxe Report and was also backed by Seabourn’s findings, “affluent consumer is placing an even greater emphasis on seeking truly authentic, memorable experiences whereas in years past they would spend more on luxury goods.”
  • Other factors driving the growth include the increased interest on “pristine, unfrequented, and unique destinations” which is offered by these ultra-luxe cruise liners. From a report, the top factors and motivations for choosing luxury travels are: 1) exploring new destinations, 2) crossing off bucket-list items, 3) seeking authentic experiences, 4) rest and relaxation, and 5) personal enrichment.

Tags: luxury cruise growth factors, luxury cruise industry, luxury cruise SWOT, luxury cruise trends

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

The largest workforce on the planet

Wonder which organisations boast the most employees? Here are the top 30 of the world’s largest workforce based on 2017 statistics.

1. United States Department of Defense: 2.87 million employees

The world’s number one employer, the United States Department of Defense has a total of 2.87 million active servicemen and women. As well as boasting the largest number of staff of any military force, the United States military also enjoys the biggest defense budget on the globe, which hit $534.3 billion (£402.9bn) in 2016.

2. People’s Liberation Army: 2.35 million employees

China’s armed forces are the second-biggest in the world with 2.35 million active personnel and a similar number of reservists. The People’s Liberation Army (PLA), which comprises the nation’s Ground Force, Navy, Air Force, Rocket Force and Strategic Support Force, is the planet’s largest-growing force to boot, and has undergone rapid modernisation in recent years.

3. Walmart: 2.3 million employees

The largest private sector employer in the world, Walmart has 2.3 million staff in the US and selected countries worldwide.The family-owned retail giant is also the planet’s biggest company based on revenue, with an annual turnover of $480 billion (£361.8bn), and includes several major subsidiaries, such as the UK’s Asda chain of supermarkets and South Africa’s Massmart.

Joint 4. China National Petroleum Corporation: 1.5 million employees

Along with the Sinopec Group, China’s National Petroleum Corporation has a monopoly on oil and gas production in the country. The colossal company, which has a workforce of 1.5 million, also operates rigs and refineries in 30 countries around the world, including Canada, Venezuela, Iran and Azerbaijan.

Joint 4. McDonald’s: 1.5 million employees

Counting the fast food company’s many franchises, McDonald’s global workforce consists of around 1.5 million employees worldwide, making it the world’s second-largest private employer. The hamburger chain has a presence in over 100 countries and serves an impressive 69 million diners a day.

Joint 6. Indian Armed Forces: 1.4 million employees

India’s Armed Forces, comprising the country’s Army, Navy and Air Force, have just over 1.4 million active personnel and 1.2 million reserve troops. As a nuclear and key regional power, India is a big spender on foreign weaponry, and the country was the largest importer of defence equipment in 2014.

Joint 6. Indian Railways: 1.4 million employees

Famed for its punctuality and bewildering scale, India’s state-owned railway network has around 1.4 million staff on its books. The massively extensive network, which operates both suburban and long-distance services, covers hundreds of thousands of miles in the country and carries a jaw-dropping 8.1 billion passengers a year.

8. United Kingdom National Health Service: 1.3 million employees

The world’s largest and oldest public healthcare system is renowned for being one of the planet’s biggest employers. According to NHS figures, the workforce totals 1.3 million employees, but other estimates, which include temporary and freelance staff, put the number closer to 1.6 million.

9. Foxconn: 1.2 million employees

The Taiwan-based Hon Hai Precision Industry Company, which is better-known as Foxconn, is China’s biggest private employee. The contract manufacturer, which has attracted criticism for its work practices, produces tech on behalf of Apple, Samsung, and more. And while it has began to replace its human workforce with robots, the firm still counts 1.2 million employees.

Joint 9. Korean People’s Army: 1.2 million employees

North Korea’s armed forces comprise 1.2 million active personnel and millions of reservists, who are constantly on a war footing. While many of its citizens go hungry, the repressive rogue state ranks number one in the world for military spending relative to GDP, channelling a significant proportion of the budget into its infamous nuclear program.

11. Armed Forces of the Russian Federation: 1 million employees

Russia’s armed forces include the country’s Ground Forces, Aerospace Forces, Navy, Strategic Missile Troop, and Airborne Divisions, as well as its Special Ops Forces. The number of active and reserve servicemen and women is set in stone by a presidential decree, which is currently at a million active troops and up to a whopping 20 million reservists.

12. China Post: 941,211 employees

The biggest postal service on the planet, China Post has a total of 941,211 employees. The company oversees the nation’s post offices, stamp production and so on, and boasts some of the world’s largest sorting offices, as well as a huge fleet of postal delivery vehicles, postal trains and aircraft.

13. State Grid Corporation of China: 926,067 employees

Bearing in mind China’s huge population, it’s no wonder so many of the country’s state-owned monoliths appear in this round-up. The world’s largest utility company, China’s State Grid Corporation benefits from a monopoly of the power industry in the People’s Republic. It has 926,067 staff and a mind-boggling 1.1 billion customers.

14. Sinopec Group: 713,288 employees

This Chinese government-owned enterprise is the largest oil refining and petrochemical business in Asia, and one of the biggest companies in the world based on revenue. The firm, which has its headquarters in Beijing, is involved with oil and gas exploration and refining, and produces a host of petroleum-based products.

15. Pakistan Armed Forces: 643,800 employees

Pakistan’s Armed Forces number 643,800 active personnel, and the military can call up over half a million reservists if need be. The country’s Army, Navy, Air Force and the SD Force comprise one of the most respected forces in the world, and Pakistan has more UN peacekeeping troops deployed overseas than any other country.

16. Volkswagen: 626,715 employees

The world’s second-biggest automaker and the largest in Europe, Germany’s Volkswagen has factories in scores of countries around the globe, including the US, Mexico, Brazil and South Africa, and a total of 626,715 employees on its books, eclipsing the workforce of rival automakers, and then some.

17. United States Postal Service: 625,113 employees

The United States Postal Service is the world’s second largest with a workforce of 625,113. An independent agency of the federal government mandated by the Constitution, the service is legally required to deliver mail at uniform cost and quality to all Americans, no matter where they live in the country.

18. Republic of Korea Armed Forces: 625,000 employees

South Korea’s armed forces total 625,000 active personnel and over three million reserve troops. Given the hostile stance of its troublesome neighbor, North Korea, the country has developed extra-robust defences and enjoys access to the latest military equipment courtesy of the USA, its key ally.

19. Compass Group: 527,180 employees

One of the biggest private sector employers in the world you’ve never heard of, the UK’s Compass Group is the largest food service company on the planet. The firm, which operates in over 50 countries worldwide, provides catering for everything from schools and hospitals to prisons, and serves billions of meals a year.

20. Armed Forces of the Islamic Republic of Iran: 523,000 employees

Iran’s armed forces include the Islamic Republic’s Army, the much-feared Revolutionary Guard Corps and the equally formidable Law Enforcement Force, the country’s police. According to the experts, the Iranian military lacks state-of-the-art equipment but remains one of the strongest forces in the region.

21. Deutsche Post DHL Group: 510,000 employees

Europe’s largest postal and international courier service has over half a million employees. The company’s postal operation delivers 59 million letters a day in Germany, and its shipping carrier DHL is one of the world’s biggest, and the main global competitor of America’s UPS and FedEx.

22. Agricultural Bank of China: 501,368 employees

The Agricultural Bank of China is another of the country’s ‘Big Four’ state-owned banks. The bank, which has a total of 2.7 million business clients and 320 million personal account holders, issued its first IPO in 2010, the world’s biggest at the time, and has offshoots in locations worldwide, from New York to Tokyo.

23. People’s Army of Vietnam: 482,000 employees

A regional force to be reckoned with, the People’s Army of Vietnam has 482,000 active personnel and a staggering three million reservists.

24. Gazprom: 467,400 employees

The gargantuan energy company, which is majority owned by the Russian state, controls the world’s largest reserves of natural gas and holds a near-monopoly of exports of the commodity. The country’s chief employer, Gazprom has a strong international presence to boot and additional interests in media, aviation and finance.

25. China Mobile Communications: 463,712 employees

Another Chinese state-owned enterprise with an enormous workforce, China Mobile Communications is the country’s premier telecoms firm and the largest mobile phone operator on the globe. All in all, the company, which dominates the domestic market, has a total of 859.9 million paying subscribers.

26. Industrial & Commercial Bank of China: 461,749 employees

One of China’s ‘Big Four’ government-owned banks, ICBC is the world’s largest bank and public company in terms of assets. The bank, which has a workforce of 461,749, boasts 5.8 million corporate customers and 530 million personal customers worldwide, and owns several foreign banks, including Standard Bank Argentina and Turkey’s TekstilBank.

27. Aviation Industry Corp. of China: 457,097 employees

This massive state-owned aerospace and defence company develops aviation technology for China’s military, as well as aircraft and components for the commercial and overseas markets. In fact, AVIC plays a key role in the global aviation industry, supplying parts to the likes of Boeing, Airbus and GE.

28. Kroger: 443,000 employees

Kroger is America’s largest supermarket chain and the third-largest retailer in the country after Walmart and Costco. The Cincinnati-headquartered chain operates 2,778 supermarkets and multi-department stores, 786 convenience stores and 326 jewellery boutiques in 34 states, but has zero international presence, making it largely unknown outside of the USA.

29. Egyptian Armed Forces: 438,500 employees

One of the largest military forces on the planet, the Egyptian Armed Forces consist of the country’s Army, Navy, Air Force and Air Defence Command. The military, which is currently battling an insurgency on the Sinai Peninsula, counts a total of 438,500 active personnel, including around 300,000 conscripts.

30. Jardine Matheson: 430,000 employees

This vast British conglomerate, which is based in Hong Kong, has a wealth of business interests, primarily in Asia, and a total of 430,000 staff. Jardine Matheson’s many subsidiaries include the Mandarin Oriental Hotel Group, car dealership Jardine Motors and Dairy Farm, a pan-Asian retailer that operates stores on behalf of IKEA, 7-Eleven, and more.

the largest companies in the world, largest workforce in the world, largest employees in the world
World’s Largest Employees

Tags: biggest companies based on employees, largest companies, largest companies in the world, largest employees in the world, largest organizations, largest workforce, market research

The World’s Top and Biggest Companies By Revenue And Market Cap

Key and top performing companies in the world (global) by market value in 2019; The world’s leading companies; The 50 most profitable and best companies worldwide

Key and top performing companies in the world by market value 2019

Apple led the ranking of the world’s largest companies in 2018 with a market value of US$ 961.3 billion. Some of the most recognizable companies in the world, Amazon, Alphabet (Google), Microsoft, and Facebook followed closely behind, rounding out the top five. Apple also led the way in 2018 as the world’s most profitable company (see list and chart below), with a net income of US$59.4.

Determining value

Market value and market capitalization are two terms frequently heard when discussing the profitability and viability of companies. Put simply, market capitalization, or market cap, is the worth of a company based on stock price; an important metric when determining value for potential trading opportunities.

Market value, however, is what a company is worth in a much broader context and can change greatly depending on the business cycle. It is determined by multiple factors, including stockholder equity, corporate debt, and the market environment as a whole.

The world’s top and leading companies

In fiscal year 2018, Apple’s global revenue stood at US$265.6 billion, but somewhat surprisingly, did not manage to crack the top ten of companies with the largest revenue. The American multinational retailer Walmart led the way as the largest company in the world when considering revenue and employment.

RankCompany NameMarket Value,
in US$ billion
1Apple961.3
2Microsoft946.5
3Amazon.com916.1
4Alphabet863.2
5Berkshire Hathaway516.4
6Facebook512
7Alibaba480.8
8Tencent Holdings472.1
9JPMorgan Chase368.5
10Johnson & Johnson366.2
11Visa351.9
12ExxonMobil343.4
13ICBC305.1
14Walmart296.1
15Bank of America287.3
16Nestlé281.3
17Samsung Electronics272.4
18Procter & Gamble265.3
19Royal Dutch Shell264.9
20Intel263.1
21Cisco Systems248.3
22Mastercard247.1
23Verizon Communications239.7
24Walt Disney238.1
25AT&T233.3
26Chevron228.3
27Home Depot226.8
28China Construction Bank225
29Nike224.3
30Taiwan Semiconductor222.4
31Roche Holding222
32Ping An Insurance Group220.2
33Pfizer218.6
34Wells Fargo214.7
35Boeing214.5
36UnitedHealth Group212.8
37Coca-Cola203
38PetroChina198.7
39China Mobile197.6
40Agricultural Bank of China197
41Comcast192
42Merck & Co.189.1
43Oracle186.3
44PepsiCo178.2
45Kweichow Moutai177.1
46Toyota Motor176.6
47Novartis175.6
48HSBC Holdings175.5
49Citigroup161.1
50Netflix157.3
Top 1 to 50 of the 100 largest companies in the world by market value in 2019
RankCompany NameMarket Value,
in US$ billion
51Unilever153.6
52L’Oréal Group153
53BP149.5
54Total149.5
55McDonald’s148.8
56Bank of China143
57BHP Billiton138.3
58SAP134.9
59Adobe Systems132
60Philip Morris International131.5
61China Merchants Bank130.4
62Abbott Laboratories129.8
63Reliance Industries126.4
64Broadcom126.1
653M126.1
66PayPal125.8
67Union Pacific125.6
68IBM124.9
69Honeywell International123.1
70AIA Group122.2
71Salesforce.com120.9
72Eli Lilly119.3
73United Technologies118.1
74Novo Nordisk116.3
75Tata Consultancy Services116.1
76Royal Bank of Canada114.9
77AbbVie114.7
78China Life Insurance114.2
79Accenture113.9
80NVIDIA113.4
81Medtronic113
82Softbank112.4
83Naspers111.3
84Amgen109.3
85Texas Instruments108.4
86Costco Wholesale108.1
87Sinopec105.6
88AIRBUS104.9
89Thermo Fisher Scientific103.9
90TD Bank Group103.8
91Allianz102.3
92Sanofi102
93Altria Group101.8
94Rio Tinto100
95Saudi Basic Industries100
96AstraZeneca99.2
97United Parcel Service98.3
98Linde98.3
99Inditex98
100Anheuser-Busch InBev0.7
Top 51 to 100 of the 100 largest companies in the world by market value in 2019
Sources: Statista

The 50 most profitable and best companies worldwide

In 2018, Saudi Aramco, the Saudi Arabian petroleum and natural gas company, was the most profitable company in the world by net income, with 110.97 billion U.S. dollars. Apple, the Industrial & Commercial Bank of China, Samsung Electronics, and China Construction Bank rounded out the top five spots in the ranking of most profitable companies.

The most profitable companies worldwide in 2018
The 50 most profitable companies worldwide

What is net income?

Net income, or net profit, is the figure that gives the most complete overview of a company’s profitability: Net income accounts for all money that flows in and out of a company, and is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins, with corporations in the financial industry reporting about 380 billion U.S. dollars of profit in 2018.

The Apple doesn’t fall far

In terms of market value, Apple was the leading company in the world in 2018. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.

Company NameRevenue;
$ billion in 2018
Saudi Aramco110.97
Apple59.53
Industrial & Commercial Bank of China45
Samsung Electronics39.9
China Construction Bank38.5
JPMorgan Chase & Co.32.47
Alphabet30.74
Agricultural Bank of China30.66
Bank of America Corp.28.15
Bank of China27.23
Royal Dutch Shell23.35
Gazprom23.2
Wells Fargo22.39
Facebook22.11
Intel21.05
Exxon Mobil20.84
AT&T19.37
Citigroup18.05
Toyota Motor16.98
China Development Bank16.74
Microsoft16.57
Ping An Insurance16.24
Fannie Mae15.96
Verizon15.53
Johnson & Johnson15.3
Chevron14.82
Volkswagen14.32
Micron Technology14.14
SK Hynix14.13
HSBC Holdings13.73
Rio Tinto Group13.64
Sberbank13.27
Alibaba Group Holding13.09
SoftBank Group12.73
Novartis12.61
Disney12.6
PepsiCo12.52
China Merchants Bank12.18
Taiwan Semiconductor Manufacturing12.04
UnitedHealth Group11.99
Tencent Holdings11.9
Petronas11.87
China Mobile Communications11.75
Comcast11.73
Total11.45
Pfizer11.15
Bank of Communications11.13
Home Depot11.12
Unilever11.08
Roche Group10.74
Sources: Statista

Tags: biggest companies by revenue, biggest companies in the world, biggest company by profit, largest companies in the world, most profitable companies, most valuable companies, most valuable companies in the world, most valued company in the world, market research, industry statistics, market trends

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

You are a small business owner. You are just starting your business. You need a website. You need an accountant. You need a software engineer. You need a virtual assistant. You have a low startup cost. You need people so that your business will grow.

ANALYSIS OF FACEBOOK AND ITS USERS

How many users does Facebook have?

With almost 2.5 billion monthly active users as of the fourth quarter of 2019, Facebook is the biggest social network worldwide. In the third quarter of 2012, the number of active Facebook users surpassed one billion, making it the first social network ever to do so. Active users are those which have logged in to Facebook during the last 30 days. During the last reported quarter, the company stated that 2.9 billion people were using at least one of the company’s core products (Facebook, WhatsApp, Instagram, or Messenger) each month.

Facebook users definition: Facebook measures monthly active users as users that have logged in during the past 30 days. Figures do not include Instagram or WhatsApp users unless they would otherwise qualify as such users, respectively, based on their other activities on Facebook.

Number of monthly active Facebook users worldwide
(Source: See 1 below); Number of Facebook users worldwide

Cumulative number of monthly Facebook product users

Facebook product users definition: According to Facebook, “we define a monthly active person (MAP) as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our “Family” of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement. The numbers for MAP do not include users on our other products unless they would otherwise qualify as MAP based on their other activities on our Family products.”

During the last reported quarter, the company stated that 2.89 billion people were using at least one of the company’s core products (Facebook, WhatsApp, Instagram, or Messenger) each month.

  • Q2 2018: 2.50 billion 
  • Q3 2018: 2.60 billion
  • Q4 2018: 2.64 billion
  • Q1 2019: 2.69 billion
  • Q2 2019: 2.76 billion
  • Q3 2019: 2.82 billion
  • Q4 2019: 2.89 billion

(Source: See 2 below)

How Facebook started

Facebook was founded in 2004 by Harvard student Mark Zuckerberg and some of his contemporaries. Facebook service was initially only available to Harvard students but soon expanded to regional universities, the Ivy League and further colleges before opening up to high school students and global users aged 13 or over. Currently, Facebook is the biggest social networking service based on global reach and total active users. As of October 2018, India, the United States and Indonesia rank first in terms of Facebook user base size (see chart below).

Leading countries based on Facebook audience size
Leading countries based on Facebook audience size as of April 2020
(Source: See 3 below)

How Facebook works

Facebook users must register before using the social network and are free to create a personal profile in order to interact with other users which they can add as friends. Furthermore, Facebook users may join user groups based on workplace, college or school and can also categorize their Facebook contacts into lists. Users can post status updates or other content and message each other. Facebook users can also interact with a wide selection of applications including social games (see chart below) or other services like the photo-sharing app Instagram (see chart below).

Top and most popular Facebook games in 2020
Most popular Facebook games as of March 2020, based on monthly active users
(Source: See 4 below)
Number of monthly active Instagram users
Number of monthly active Instagram users from January 2013 to June 2018
(Source: See 5 below)

Mobile Facebook usage

The social network is also accessible to mobile web users and has published a series of apps based on original Facebook features such as Facebook Messenger, which had 1.3 billion monthly active users as of the most recently reported period. The wide range of Facebook-related apps ensure that the company is one of the most popular app publishers worldwide based on downloads.

Number of monthly active Facebook Messenger users
Number of monthly active Facebook Messenger users from April 2014 to September 2017
(Source: See 6 below)

Demographics of Facebook users

Facebook Advertising Statistics

Other relevant Facebook statistics:

Facebook – Government Requests Report: Facebook shares information about the requests they receive from governments around the world and their approach to handling them.

First Facebook Data Center: In mid-2011, a small team of Facebook engineers started tackling the big challenge of scaling the Facebook computing infrastructure in the most efficient and economical way possible. Working out of an electronics lab in the basement of the Palo Alto, California headquarters, the team designed the first FB data center from the ground up. A few months later Facebook started building it in Prineville, Oregon.

All About Facebook Live: Live is the best way to interact with Facebook viewers in real time. Field their burning questions, hear what’s on their mind and check out their Live Reactions to gauge how your broadcast is going.

Facebook, Twitter Play Different Roles in Connecting Mobile Users to News: Facebook sends by far the most mobile readers to news sites of any social media site, while Twitter mobile users spend more engaged time with news content, according to the Pew Research Center.

Social Media Marketing: The history of Facebook’s evolution from a student website into a huge network spreading across the globe

Source 1: Statista; Source 2: Statista; Source 3: Statista; Source 4: Statista; Source 5: Statista; Source 6: Statista

demographics of facebook users, facebook, facebook history, facebook user number, facebook user numbers, facebook users numbers, how many facebook messenger users, how many facebook users, how many instagram users, monthly active facebook users, most popular facebook games

Cheapest drop shipping and wholesale suppliers

Here we present to you the cheapest drop shipping and wholesale suppliers for your online store. Are you ready?

You want to sell products online. You want to start your small online business with a low budget. You don’t have enough space or a warehouse to stock your products. No worries! These dropshipping suppliers will do all the job for you. You only need to integrate them in your store. Below, we listed the best, quality proven, experienced, cheapest and lowest suppliers just for you.

The below suppliers are recommended for your online business and they were chosen with the following considerations:

  • They offer the best prices in order that you can have or start a business with low startup costs and make good profits.
  • They can ship all over the world to enable you to cater to international customers.
  • They are considered the largest e-commerce wholesale companies that ships and offer comprehensive products where you can choose a variety of products to sell including toys, office supplies, trendy clothing, tech products, and many more. (Topical products will be a separate suppliers as most of these wholesale suppliers only supply the specific product.)
  • They are wholesalers and at the same time they also offer drop-shipping services and can ship products direct to your customer, thus, saves your time and you don’t need to do inventory. All you do is to pay the product and give instructions to ship directly to your customer.

1. Chinabrands.com

Chinabrands.com is one of the biggest B2B international dropshipping company and one of many online seller’s favourite distributor that ship products around the world and known to offer the cheapest discounted price even buying only 1 pc as compared to wholesale price. They mostly owned the products they sell and also have a warehouse in the United States. In order to get products from them, you need to create an account on their website. You can choose from hundreds to thousands of products per category (from electronics, computer and phone parts, to men’s and women’s wear, beauty products, all kinds of toys, robotics, and many more) and all details are provided including their wholesale/ resellers price. You can also check their best seller and Amazon’s favorite products. They can directly ship the product to your customer using the dropshipping instruction or you may opt to ship to your own address. I made a screenshots on sample products that you maybe interested in. You can browse all others in their website.

DHgate sample dropshipping products

One of Chinabrands’ Amazon sellers favourite products

DHgate sample dropshipping products
DHgate sample dropshipping products
DHgate sample dropshipping products
Chinabrands sample dropshipping products

2. DHGate.com

DHGate.com is another dropshipping (wholesale) company that ships products around the world and a home to wholesalers and direct distributor companies. They have thousands of products to choose from and you can sort them by lowest price, by customer review, or their best selling products. If you buy in bulk purchase, the lower the price. To order, one needs to register in their website and follow the ordering instructions provided. You can also message the supplier for any instructions either you want to ship the product to your adress or to your customer address directly. It’s all up to your choice. I also made a screenshot of their sample products of your interest. 

DHgate sample dropshipping products
DHgate sample dropshipping products

Kids’ toys and tech

DHgate sample dropshipping products
DHgate sample dropshipping products

3. Alidropship.com

This is another B2B company that accepts dropshipping and wholesale price. This is owned by one of the biggest wholesale platform, Aliexpress.com. I was not able to sign in their website but it says it has million products to choose from. You can choose any product of your choice and can compare wholesalers’ price to choose the cheapest price. You can do dropship by signing in their website. Here are just few of the many products at wholesale prices.

Aliexpress sample dropshipping products
Aliexpress sample dropshipping products

The above 3 companies are considered the biggest and where you can find the cheapest prices that someone needs to start a business at low startup costs. I have also included here other companies that do dropship but for specific products only.

4. Doba.com

https://www.doba.com/hot-products/electronics-computers/

If you are looking for high tech electronic products and kids’ toys, Doba offers these products at wholesale price and offers dropship. Sign in to their website to see more than 2 million products to choose from.

Suppliers for Topicals:

1. Professor Sasquatch Hemp CBD Skincare

Professor Sasquatch has formulated a unique line of wholesale Hemp CBD Topical skincare products that give fast-acting & long-lasting relief that soothes without numbing or any other adverse effects. Fast shipping, excellent quality & high profits. 

2. Natural Partners

https://www.naturalpartners.com/us/browse/herbs/topical-applications/_/N-102442

They offer prices range from $12 to $50. They also offer free shipping for orders more than $250. They offer brands such as Ayush Herbs, Herb Pharm, Professional Formulas, Results RNA, Well-In-Hand Topical ProRemedies, and Wise Woman Herbals.

3. Bargain Wholesale

https://www.bargainw.com/wholesale/1243/Topical-Ointments.html

If you’re looking into really cheap and good prices, try Bargain Wholesale. They have warehouses in Houston and Los Angeles and can ship nationwide. Their prices are as low as less than $1 for ointments, petroleum jelly and creams.

This supplier also have stationeries/ office supplies at a really good prices. Check it here https://www.bargainw.com/wholesale/1280/Stationery.html

Tags: cheapest price, cheapest wholesale supplier, drop ship, dropshipping, ecommerce wholesale supplier, low startup budget, lowest cost to start your business, online store dropshipping, topical products supplier, worldwide drop-shipping, market research, industry trend

Most successful and top freelance and job marketplaces

Overview, company details, and user demographics of the most successful and top freelance and job marketplaces and platform in the world

In this article, we go through details of the known job board and freelance marketplaces in the world. Details included are their founding year, revenues, geographic reach, product/ services offered and price offering, number of users or members, and who are their primary audience.  The companies analysed here are LinkedIn, AngelList, TopTal, Indeed, Upwork, CareerBuilder, Monster, and Fiverr.

LINKEDIN

Linkedin, top marketplace

Website: http://linkedin.com/

Headquarters: California, United States

Year founded: 2003

Revenue: $6.75 billion (FY 2019)

Geographic reach: Global (spread in over 200 countries)

Product/ services offered and price offering:

1. Talent Solutions:

  • sold to professional recruiters and employers and accounts for 65% of Linkedin’s total revenue
  • offers a suite of recruitment tools designed to streamline hiring processes
  • Price:The LinkedIn Talent Solutions pricing guide is not published on its website. However, a third-party site claimed that its Recruiter Lite tool costs $2,399 per year while the annual fee for its Recruiter solution starts at $8,999.

2. Marketing Solutions:

  • provides a platform for companies to advertise to LinkedIn users.
  • it accounted for 18% of total revenue from a combination of advertising sold to online marketers and the sale of “sponsored updates” posted to a target audience of members in the LinkedIn feed.
  • Price: While LinkedIn advertising costs vary by the advertiser, LinkedIn does require companies to bid a minimum of $2 for cost-per-click (CPC) and cost-per-impression (CPM) campaigns. On average, however, businesses pay $5.26 per click and $6.59 per 1000 impressions, as well as $0.80 per send for Sponsored InMail campaigns.

3. Premium Subscriptions:

  • accounts for Linkedin’s 17% of revenue
  • it allow members to increase their search results significantly, send messages on LinkedIn’s email system (rather than just receive them), contact members outside of their networks, and see information about people who have viewed their profiles.
  • Price: LinkedIn Premium is offered in four tiers, ranging from $29.99 to $59.99 per month for job seekers, $79.99 per month for sales professionals, and $119.95 per month for recruiters. Annual billing offers slight discounts.

Number of users: 660 million as of 2019

Who are their primary audience:

Top country of users:

  • US: 165 million users
  • India: 62 million
  • China: 48 million

LinkedIn User demographics:

  • Over 30 million companies have profiles on LinkedIn
  • Over 90 million LinkedIn users were senior-level influencers
  • More than 63 million were in decision-making positions
  • Over 17 million are opinion leaders
  • Over 10 million are c-level executives, among others
  • 46 million are students
  • 87 million are Millennials of which (11 million of whom are decision makers
  • Of the total, 40 million are ‘mass affluent’ users (that’s the higher end of the mass market)
  • 57% of LinkedIn members are male, 43% are female
  • 60 percent of LinkedIn’s audience have a college degree or higher.
  • Around 40 percent of LinkedIn’s audience earns over 4100k per year in terms of household income.

ANGELLIST

Angellist top marketplace

Website: angel.co

Headquarters: California, United States

Year founded: 2010

Revenue: $35 million (estimate)

Geographic reach: Global (available in all major regions). The company have investments in 38 countries.

Product/ services offered and price offering:

1. Economics of Syndicates

  • The best seed funds generate fantastic returns for their investors. But they require investors and managers to make a long-term commitment to investing large amounts of capital.
  • A syndicate creator or lead gets 15% to 25% of the carry of every investor in his/her syndicate and Angellist always receives 5% of said carry.

2. Rolling Venture Fund

  • Under its structure, fund managers raise a certain amount of permanent capital, then set up quarterly commitments that roll in automatically.
  • The fund manager accepts the same management fees and carry as with a typical fund, with the ability to invest throughout the cycle as soon as the first commitment has closed.
  • AngelList charges new fund managers a 1% fee capped at $25,000 per year, as well as 5% carry on dollars brought in for investment through the AngelList platform. (Its syndicates operate with a similar carry structure and a one-time setup fee.)

3. Price Guide

  • Free Online Price Guide for all Antiques & Collectibles
  • Price Guide has an integrated marketplace that lists the items you want to purchase based on your location first. It’s cheaper and easier to use than Ebay. Yet, still has a $1 listing fee so it wont have spam like Craigslist.
  • Price Guide also has an integrated subscription section to give more in-depth content. With the $20/month subscription antique dealers can have a major edge over the market. For example: if a book is listed for $15-$25 it might actually be worth $200 if it is a first edition. The Subscription Section would tell you that the book is a “first edition copy”, if the 3rd word on the 5th page is misspelled.

Number of users: 3.6 million (as of January 2020)

Who are their primary audience:

Top country (based on website users)

  • United States (43.04%)
  • India (20.10%)
  • Canada (6.24%)
  • United Kingdom (5.35%)
  • Brazil (2.0%)

Top region/country for investments

  • United States (920)
  • Europe (73)
  • Canada (67)
  • India (53)

AngelList Users demographic statistics

  • More than 50,000 investors
  • Used by over 800,000 start-up companies
  • AngelList’s user base is more focused around startups
  • More than 2 million job-hunters. These demographics main interest include Machine Learning & Artificial Intelligence, Data & Analytics, Social Good, Consumer, Healthcare, and Blockchain & Cryptocurrency.
  • Of the more than 1 million product makers using the AngelList, 27% are developers/engineers, 16% are CEOs/founders, 11% design, 8% marketing, 8% account management, 5% product managers, 5% business development, 4% business analysts, 3% attorneys, 3% creators, and 10% others.

TOPTAL

Toptal top marketplace

Website: http://www.toptal.com

Headquarters: California, United State

Year founded: 2010

Revenue: $200 million (revenue in FY 2018)

Geographic reach: Global (with over 500 core team members in 60+ countries and have experts in over 100 countries, most being located in the Americas and Europe)

Product/ services offered and price offering:

Toptal platform for freelancers

  • an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers in the world.
  • Top companies hire Toptal freelancers for their most important projects.
  • Toptal offers payment by hourly rate, by project or fixed fee. On Toptal, as you’re working with the cream of the crop, hourly rates are typically $50 per hour and above.
  • Toptal requires an upfront deposit of $500 regardless of the cost of your project, by quotation. This is refundable should you not end up hiring. Unfortunately, they are not upfront about their fees and will quote on a case by case basis.
  • In summary, Toptal charges their clients at a rate higher than their freelancers rate, and the rates are all dependent on many factors, ie. how big the project is, their freelancers rate,

Number of users: Estimated over 1 million freelancers applied but 3% are accepted, which makes about 30,000 registered users

Who are their primary audience:

Top country (based on website users)

  • United States (21.87%)
  • India (13.14%)
  • China (5.04%)
  • United Kingdom (4.10%)
  • Canada (2.81%)

TopTal user demographics statistics

  • About 30,000 freelancers/engineers who are developers, desingers, finance, project managers, and product managers.
  • The top users’s interest are: programming (63% of the total audience), advise (72%), web design and development (69%), and cloud computing (67%).

INDEED

Indeed top marketplace

Website: http://www.indeed.com

Headquarters: Texas, United States

Year founded: 2004

Revenue: $1 billion

Geographic reach: Global (available in more than 50 countries and 28 languages)

Product/ services offered and price offering:

  • Because of its ability to pull job listings from many diverse sources, the site offers a comprehensive listing of available job openings, which can be searched for by keyword, job title, industry, or level of experience.
  • Indeed.com has also added services like resume storage, salary comparisons, employment-related news and trends, and user forums.
  • Indeed.com earns a profit using a pay-per-click model. That means employers posting jobs pay a small fee each time a job seeker views a posting. Most clicks on Indeed.com cost between $0.25 – $1.50. The site also earns revenue through traditional website advertising.

Indeed.com Pricing Plans:

  • Free Trial
  • Indeed.com Free Job Posting: Free, Accept Mobile Applications
  • Indeed.com Sponsored Jobs: As Little As $5/day, Pay Only When People Click on Your Jobs, Reach More Candidates through Desktop, Mobile and Job Alerts
  • Design A Hiring Campaign: Sponsor Jobs from your Career Site or ATS, Appear Above Free Listings in Sponsored Search Results, Indeed.com will help you set a Budget and choose which Jobs to Sponsor

Number of users: Over 250 million unique visitors each month

Who are their primary audience:

Top country (based on website users)

  • United States (57.03%)
  • Canada (9.47%)
  • Japan (3.75%)
  • Germany (3.62%)
  • Australia (3.16%)

Indeed user demographics statistics

  • Indeed top users’s interest are: employment (100% of the total audience), social media (89%), general merchandise (78%), and software (74%)
  • Over 200 million jobseekers in Indeed and about 120 million resumes are available in the platform.
  • As many as 3 million businesses post their open jobs on Indeed.

UPWORK

Upwork top marketplace

Website: http://www.upwork.com

Headquarters: California, United States

Year founded: 1999

Revenue: $253.4 million

Geographic reach: Global (network of global freelancers in over 180 countries)

Product/ services offered and price offering:

  • In 2016, the company changed its pricing setup so it makes money on both sides of every transaction: taking a cut of fees charged by freelancers, and also charging a transaction fee for clients.
  • In fact, for lower-dollar contracts (up to $500), Upwork can wind up making a fee equal to 22.75 percent of the freelancer’s fee, simply for setting up the exchange.

Upwork Basic plan

  • Most businesses start with the Upwork Basic plan.
  • This means it’s free to post a job, and the only amount you’ll only pay is the rate you and your freelancer agreed upon, plus a standard payment processing and administration fee which is generally 3%.

Upwork Plus

  • Upwork offers plans for businesses who need a higher level of support.
  • Upwork Plus offers a dedicated advisor, and many larger companies choose Upwork Business for access to more of Upwork’s technology and services, or Upwork Enterprise, which can be customized to their company’s needs.
  • Plus: $49.99/month
  • Business: $499/month
  • Enterprise: Price varies (service is customized to each company’s need)

Number of users: 16 million freelancers and over 5 million clients

Who are their primary audience:

Top country (based on website users)

  • United States (26.37%)
  • India (9.58%)
  • Philippines (6.38%)
  • United Kingdom (3.92%)
  • Pakistan (3.69%)

Upwork users demographics statistics

  • Upwork top users’s interest are: – Business and Services (100% of the total audience) – Finance and Economics Services (76%) – Web Design and Development (57%) – Cloud Computing (60%) – Graphics (55%) – Marketing and Advertising (70%)
  • About 76% of its total users are freelancers.
  • More than 20% of Upwork users are clients looking for services.

CAREERBUILDER

CareerBuilder top marketplace

Website: http://www.careerbuilder.com

Headquarters: Illinois, United States

Year founded: 1995

Revenue: $714 million

Geographic reach: Global (global reach with services in over 200 markets worldwide)

Product/ services offered and price offering:

  • CareerBuilder is a global, end-to-end human capital solutions company focused on helping employers find, hire and manage great talent.
  • It offers services to help employers hire in the U.S., Europe, Asia, and Canada. This includes a resume search engine, job boards, information for labor markets, and other recruitment and HR software solutions, including career search services.

Pricing and subscription:

  • CareerBuilder’s pricing starts at $419.00 per job if you don’t post jobs on a regular basis, and only want to post one job. It’s a bit more expensive than their subscription plan, but makes sense if you only hire occasionally.
  • CareerBuilder’s subscription pricing ranges from $199.00 for a single active job post to $499.00 per month for up to five active CareerBuilder job postings. The CareerBuilder job posting cost increases a bit if you don’t do the subscription plan.

CareerBuilder Applicant Tracking

  • CareerBuilder Applicant Tracking pricing starts at $219.00 per month.
  • There is not a free version of CareerBuilder Applicant Tracking.

CareerBuilder Employment Screening

  • Help you move candidates through your hiring process with a holistic suite of background check and verification services that save you time, automate your process and give you peace of mind with a company with over two decades of experience.
  • Price is not available or not made publicly available.

Number of users:

  • More than 24 million monthly visitors
  • CareerBuilder powers the career sites for more than 10,000 websites, 140 newspapers, and leading portals.

Who are their primary audience:

Top country (based on website users)

  • United States (95.01%)
  • India (1.22%)
  • Canada (0.42%)
  • Philippines (0.29%)
  • United Kingdom (0.22%)

CareerBuilder user demographics statistics

  • 6.13% of all 18 to 29 of age internet users in the US visited CareerBuilder. Additionally, 7.6% of all 30 to 49 of age internet users visited the site and 4.13% of all 50 to 64 of age.
  • More than 70 percent of CareerBuilder’s consumer audience is on mobile devices.
  • CareerBuilder’s top users interest are: employment (100% of the total audience), internet or portals (80%), social media (87%), general merchandise (66%), banking (47%), and software (55%).

MONSTER

Monster top marketplace

Website: monster.com

Headquarters: Massachusetts, United States

Year founded: 1999

Revenue: $890 million (Monster Worldwide, parent company revenue); $144.8 million (Monster.com, online job market revenue)

Geographic reach: Global (International reach with a presence in more than 50 countries around the world, including a flagship office in North America and offices in France, the United Kingdom, Canada, South Korea, Australia, Germany and more.)

Product/ services offered and price offering:

  • An online network that enables jobseekers to find jobs and employers to access jobseekers.
  • Job seekers can find jobs, build and post resumes, and access career information while employers can access hiring tools to post jobs, find resumes, screen candidates, and streamline the hiring process.
  • Job categories listed on the site include IT, sales, marketing, finance and accounting, customer service, human resource, administration, production and engineering, supply chain management, financial services, construction, machinery, consumer goods, telecommunications, pharmaceuticals, education, petroleum, and more.

Hiring solutions:

– The company’s hiring solutions are free and so are the services for anyone wanting to start a venture. Job Boards / Job

Posting costs:

– Monster’s pricing starts at $375 for a single posting and decreases the more jobs you have to post. For 100 – 249 posts you’ll pay $130 or $135 per job posting, depending on how long you need the post to be visible.

SearchMonster:

  • Starter (one-off hiring needs): $249/month for 1 active job
  • Standard (for small expanding teams): $449/month for 2 active jobs
  • Premium (for rapidly growing teams): $999/month for 5 active jobs

Number of users: 49 million users

Who are their primary audience:

Top country (based on website users)

  • United States (71.62%)
  • India (6.64%)
  • Canada (3.40%)
  • United Kingdom (2.96%)
  • Philippines (1.68%)

Monster user demographic statistics

  • Monster’s top users interest are: employment (100% of the total audience), internet or portals (74%), social media (86%), news and media (70%), general merchandise (67%), software (61%), and banking (4%).
  • More than 1 million per month (or 29 resumes every minute) are uploaded by job seekers.

FIVERR

Fiverr top marketplace

Website: http://www.fiverr.com

Headquarters: Tel Aviv, Israel

Year founded: 2010

Revenue: $75.5 million (for FY 2018)

Geographic reach: Global (freelancers spans across more than 160 countries)

Product/ services offered and price offering:

  • Fiverr is a platform that helps employers find talent for their projects.
  • The service facilitates meetings between employers and freelancers who can aid them in brand building or their marketing efforts, providing them with access to a vast pool of highly-qualified freelancers.
  • The platform allows entrepreneurs to discover freelancers by having them come in contact with service sellers in three different levels.

Buying freelance services:

– If you are buying freelance services on Fiverr, you will pay a processing fee of US$1 for purchases up to and including US$20. For orders more than US$20, Fiverr charges 5% of the total.

Selling your freelance services:

– If you are selling your freelance services, 20% of every job you complete is taken by Fiverr.

Others: Fiverr also charges fees for removing funds from your account, which are detailed below.

  • PayPal: 2% of the sum withdrawal amount up to US$1
  • Fiverr Revenue Card: US$1 within 2 days or US$3 within 2 hours
  • Local Bank Transfer (LBT): US$3 per transfer
  • Direct Deposit (ACH): US$1 per transfer (US only)

Number of users: More than 6 million buyers and freelancers (also called sellers)

Who are their primary audience:

Top country (based on website users)

  • United States (24.29%)
  • Pakistan (10.01%)
  • Bangladesh (6.91%)
  • India (6.55%)
  • United Kingdom (5.20%)

Fiverr user demographics statistics

  • Fiverr’s top users interest are: business and industry (100% of the total audience), marketing and advertising (60%), finance and economics (59%), and web design and development (46%).
  • Currently listing over 3 million gigs in more than 100 different categories.
  • About 87% of the total users of Fiverr are clients (5.6 million) or also called buyers and 13% are freelancers/sellers (more than 830,000).
  • Of the total 5.6 million buyers, 2.1 million (38%) are active buyers.
  • Of the total sellers, 255,000 (31% of the total) are active sellers.
  • Geographic location of sellers: 31.57% belongs to United States, followed by Pakistan (9.27%) and India (7.73%).
  • 32% of the total sellers has a gig in the Graphics Design category, which is also the highest number of sellers among all categories.

angellist, company details, fiverr, indeed, Linkedin, monster, number of users, pricing details and offering, top freelance marketplace, top job board platform, toptal, upwork, market research, market trends, industry statistics, total addressable market

Are you interested in this type of research? Contact us in our email or you can also check existing industry reports here <<market reports>>

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

Industry sizes in the United States

Chemical, Oil and Gas, Plastics, Tire, and Rubber, Pharma and Biotech, Food and Beverage, and Consumer Goods Industry sizes in the United States

According to the BEA published report, retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

  • For retail trade, real value added—a measure of an industry’s contribution to GDP—increased 7.4 percent in the fourth quarter, primarily reflecting an increase in other retail, which includes gasoline stations and nonstore retailers.
  • Finance and insurance increased 5.1 percent in the fourth quarter. The largest contributor to the increase was securities, commodity contracts, and investments.
  • Utilities increased 23.3 percent in the fourth quarter, primarily reflecting an increase in electric power generation.
  • Nondurable goods manufacturing decreased 2.8 percent, primarily reflecting decreases in food and beverage and tobacco products as well as petroleum and coal products.
  • Other services, except government, decreased 1.6 percent, in the fourth quarter. The largest contributors to the decrease were repair and maintenance as well as personal and laundry services.
  • Mining decreased 1.6 percent, primarily reflecting a decrease in support activities for mining.
Source: BEA website

We’ve analyzed and compiled each major selected industry according to industry size–small, medium, and large businesses.

1.0 CHEMICAL INDUSTRY

According to the Bureau of Labor Statistics, there are a total of 18,438 companies within the chemical industry in the US, including 15,069 small companies, 2,748 medium-sized companies and 621 large companies. The chemical industry in the US employees about 847,600 individuals. Some key players of the US chemical industry are DowDuPont, BASF, LyondellBasell, and Praxair.

Small companies

  • Companies with 5 to 9 employees = 2,537
  • Companies with fewer than 5 employees = 7,349
  • Companies with 10 to 19 employees = 2,351
  • Companies with 20 to 49 employees = 2,832
  • Total number of small businesses = 7,349 + 2,537 +2,351 + 2,832  = 15,069

Medium-sized companies

  • Companies with 50 to 99 employees = 1,578
  • Companies with 100 to 249 employees = 1,170
  • Total number of medium-sized companies = 1,578 + 1,170  = 2,748

Large companies

  • Companies with 250 to 499 employees = 328
  • Companies with 500 to 999 employees = 168
  • Companies with 1000 or more employees = 71
  • Total number of large companies = 382 + 168 + 71  = 621

Chemical Industry Revenues By Company Size

Since there was no preexisting data on the estimated revenues for small, medium, and large companies within the chemicals industry in the US, we used the available information to triangulate an estimated average figure for each group.

Findings

  • The revenue range of small-sized companies with a size of under 50 employees in Chemical Industry is $0.01 Million — $1,000.00 Million.
  • The estimated average revenue of small-sized companies is $2.03 Million (calculated)
  • The revenue range of medium-sized companies with 50-499 employees in the Chemical Industry is $0.02 Million — $4,584.96 Million.
  • The estimated average revenue of medium-sized companies is $72.33 Million. (calculated)
  • The revenue range of large-sized companies with more than 500 employees in the Chemical Industry is $0.99 Million — $31,657.00 Million.
  • The estimated average revenue for large-sized companies is $1.328 Billion. (calculated)

2.0 OIL AND GAS INDUSTRY

To gather data, we consulted government agencies such as the Bureau of Labour and Statistics (BLS), the U.S. Census Bureau and the American fact finder, as well as industry groups and organizations such as the American Petroleum Institute (API), the American Gas Association (AGA), the U.S. Oil and Gas Association (USOGA) and the American Natural Gas Alliance (ANGA) for any data or pointer that would enable to estimate the number of oil and gas companies in the U.S.

Furthermore, we fount out that according to the Independent Petroleum Association of America (IPAA), there are about 9,000 independent oil and natural gas producers in the U.S. These companies span 33 different states and offshore sites. Also, Independent producers develop about 90% of the wells in the U.S. and produce 54% of America’s oil and 85% of its natural gas. We adopted these data to provide an estimate of the number of small, medium and large-sized oil and gas companies in the U.S., given that the IPAA represents a majority of the oil and gas industry and data regarding the remaining segment of the industry was widely unavailable during the research.

In order to estimate the required information, we further determine, for use as a proxy, the percentage of small, medium and large-sized companies in the U.S. and obtained the following results. Small businesses/companies, which are those with less than 50 employees, represent 97.11% of all businesses/companies in the U.S. Medium businesses/companies, which are those with between 50 and 249 employees, represent 2.52% of all businesses/companies in the U.S. Large businesses/companies, which are those with 250 or more employees, represent 0.37% of all businesses/companies in the U.S.

Combining the results, then, the number of small, medium and large-sized oil and gas companies in the U.S. is estimated as follows.

  • The Number of small oil and gas companies = 9,000 * 97.11% = 9,000 * 0.9711 = 8,740
  • Number of medium oil and gas companies = 9,000 * 2.52% = 9,000 * 0.0252 = 227
  • Number of large oil and gas companies = 9,000 * 0.37% = 9,000 * 0.0037 = 33

3.0 PLASTICS, TIRE & RUBBER INDUSTRY

The United States’ tire, rubber and plastic industry is dominated by small-sized companies. However, the majority of the companies deal with all the three items of interest, i.e., tire, rubber, and plastic.

To find the list of companies dealing with tire, rubber, and plastic in the United States, we searched sites that have main interests in tire, rubber and plastic such as Rubbernews. However, we did not find any hard data from such sites. Next, we visited Hoovers to find companies dealing with rubber, plastic, and tires. Below are the figures that we found and the calculations that followed:

Rubber and plastic companies with:

  • 0-4 employees = 4,342
  • 5-10 employees = 2,609
  • 11-49 employees= 3,420
  • 50-99 employees = 1,103
  • 100-499 employees= 1,189
  • 500-999 employees = 162
  • 1000-4999 employees = 153
  • >5000 employees= 16

Tire companies with:

  • 0-4 employees = 361
  • 5-10 employees = 72
  • 11-49 employees =75
  • 50-99 employees =15
  • 100-499 employees= 21
  • 500-999 employees = 6
  • 1000-4999 employees = 9
  • >5000 employees = 5

The computation:

Small companies employ under 50 employees, therefore, small companies = 4,342 + 2,609 + 3,420 + 361 + 72 + 75. There is a total of 10,879 small companies in the United States.

Medium companies employ 50-249 employees. Therefore, medium companies = 1,103 + 446 + 15 +8. There is a total of 1,572 medium companies in the United States.

Large companies employ 250 or more employees. Therefore, large companies = 746 + 162+153+16 + 13+6+9+5. Thereare 1,110 large companies in the United States.

Since we only have the number of companies that employ 100 – 499 and we do not have the breakdown for medium businesses that employ 100-249 and 250 – 499, we made the assumption:

100-249 = 3 : 8

100-249 = 37.5%

Therefore, using the total number of companies included in the 100-499 list, we assumed that there are 37.5% of companies that employ 100-249 employees.

  • 1,189 * 37.5% = 446 companies for 100-249
  • 746 companies for 250-499
  • 21 * 37.5% = 8 companies for 100-249
  • 13 companies for 250-499

FOR SMALL-SIZED COMPANIES

Small-sized companies have less than 50 employees. There are 10,879 tire, rubber and plastic small companies in the United States. Some examples of small-sized tire companies are Giti Tire Manufacturing Ltd., Omni United Inc., B.A.S. Recycling Inc., Airboss Rubber Compounding Inc., and Continental Automotive Systems Inc.

Examples of rubber and plastic small-sized companies include Nppi Intermediate Inc., Firestone Natural Rubber Company LLC, Anagram International Inc., Selig Sealing Holdings Inc., and Pierburg Pump Technology US LLC.

FOR MEDIUM-SIZED COMPANIES

Medium-sized companies employ between 50 and 249 employees. There are 1,572 companies medium-sized companies in the US that deal with tire, rubber, and plastics. Some examples of medium-sized companies dealing with tire include ITW Global Tire Repair Inc., Setco Inc., New Pride Tire Inc., R.D.H. Tire and Retread Company, and Sumerel Tire Service Inc.

Some medium-sized rubber and plastic companies in the United States include BWAY Corporation, North America Packaging Corp, Porex Corporation, Northern Pipe Products Inc., and Vinyltech Corporation.

FOR LARGE-SIZED COMPANIES

Firms that have 250 or more employees are referred to as large-sized companies. There is a total of 1,110 companies of tire, rubber, and plastic that are considered to be large scale companies in the United States. The biggest tire companies in the United States include Bridgestone Americas Inc., The Goodyear Tire & Rubber Company, Michelin North America Inc., Continental Automotive Inc., and Cooper Tire & Rubber Company Inc.

The largest rubber and plastic companies in the United States include Jarden Corporation, Berry Global Group Inc., Rubbermaid Incorporated, Griffon Corporation, and Omaha Intermediate Holding LLC.

4.0 PHARMA & BIOTECH PROCESSING

According to the 2016 Statistics of U.S. Businesses (SUSB) data presented by the Census Bureau the following is the breakdown of establishments in the pharma and biotech processing industry.

325412 – Pharmaceutical Preparation Manufacturing

  • Total: 1,017
  • 0-4: 319
  • 5-9: 168
  • 10-19: 97
  • <20: 584
  • 20-99: 208
  • 100-499: 122
  • <500: 914
  • 500+: 103

325414 – Biological Product (except Diagnostic) Manufacturing

  • Total: 235
  • 0-4: 62
  • 5-9: 29
  • 10-19: 28
  • <20: 119
  • 20-99: 47
  • 100-499: 20
  • <500: 186
  • 500+: 49

Biological Product (except Diagnostic) Manufacturing and Pharmaceutical Preparation Manufacturing

·  Total : 1,252

  • 0-4: 381
  • 5-9: 197
  • 10-19: 125
  • <20: 703
  • 20-99: 255
  • 100-499: 142
  • <500: 1100
  • 500+: 152

Therefore, in the pharma & biotech processing/manufacturing industry in the United States, there are 703 companies with less than 20 employees; 397 with between 20 and 499 employees; and 152 companies with more than 500 employees.

5.0 FOOD & BEVERAGE PROCESSING

We made assumptions in relation to the number of employees that accounts for each level of business. They are as follows:

Based on data provided by Hoovers, the only number of employees available are 11-49, 50-99, 100-499, 500-99, 1000-4999, and more than 5000 employees. Therefore, companies with 11 to 49 employees are small businesses, 100 to 499 are medium business, and 1000 to 4999 are large businesses. Using this assumption, the calculated total number of businesses for each sub-sector in the food & beverage processing industry is as follows:

Small / medium / large

  • Bakery product manufacturing – 1435 / 121 / 6
  • Animal Production – 1851 / 40 / 3
  • Dairy production – 518 / 98.5 / 9
  • Breweries – 314 / 31.5 / 2
  • Food manufacturing – 495 / 65.5 / 2
  • Fruit and vegetables processing – 490 / 94.5 / 11
  • Seafood Processing – 145 / 37.5 / 2
  • Soft drink manufacturing – 159 / 31.5 / 4
  • sugar manufacturing – NA / 9 /1
  • Poultry Manufacturing – 56 / 25 / 7

TOTAL: small (5463), medium (554), and large (47)

6.0 CONSUMER GOODS MANUFACTURING

In the Census data, the number of firms was broken down according to the size of employees. The segments provided are as follows: from 0 to 4 employees, from 5 to 9 employees, from 10 to 19 employees, from 20 to 99 employees, from 100 to 499 employees, and from 500 and above employees. According to the Trade Industry website and also from the Small Business Administration (SBA) government website, 0 to 99 employees are categorized as small businesses in the United States, 100 to 499 are considered mid-size enterprises, and 500 or more employees are large enterprises. The data we provided, therefore, follow this categorization.

From our calculation, we sum up the total companies by size for the consumer goods manufacturing industry—195,728 (total small businesses), 4,294 (total medium or mid-size businesses), and 2,133 (total large enterprises).

chemical industry, consumer goods manufacturing, food and beverage, oil and gas, pharma and biotech, plastic tire and rubber, small medium and large businesses, market research, market trends, industry statistics

Top Instagram Influencers on Hispanic Music, Culture, and Lifestyle

Ever wonder who are the leading and most popular Hispanic influencers on Instagram who enjoy music and culture, and have travel and lifestyle focused feeds and are currently located in the United States? We have listed seven of them here. Check them out.

Hispanic Influencers on Instagram - United States

Biggest Hispanic Influencers on Instagram – United States

7 popular Hispanic Influencers on Instagram in the US who enjoy music and culture, and have travel and lifestyle focused feeds are Michele, Tessa Juliette, Stephanie, Evelyn Peguero, Venessa Acosta, Martha Naguera, and Jeanine Romo.

1. Michelle

Michelle is a Cuban-American influencer and features the best of her hometown Miami, Florida on her feed as well as her adventures to exotic locales. She has 10.8k followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @mapsandmuses.

2. Tessa Juliette

Tessa is a Cuban-American explorer who aims to show wanderlusters that they can travel to the most beautiful destinations on any budget. She has 52k followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @travel_wheretonext.

3. Stephanie

Stephanie is a Colombian-American venturer based in New York who highlights the Latin lifestyle. She has 5,581 followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @wanderlustbeautydreams.

4. Evelyn Peguero

Evelyn is a Dominican AfroLatinidad influencer based in the US. She educates her audience about the realities of living and traveling with epilepsy. She has 25.3k followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @_blueve.

5. Venessa Acosta

Vanessa is a Bolivian-Argentinian photographer and traveler based in Los Angeles who enjoys food and music. She has 10.5k followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @fromabolivian.

6. Martha Naguera

Martha is a Venezuelan-Italian traveler based in the US. She advocates travel on a budget and loves exploring different cultures. She has 28.6k followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @marthamanz.

7. Jeanine Romo

Jeanine Romo is Mexican-American influencer based in California. She loves adventure and music. She also loves educating people on Latin culture. She has 4,338 followers on Instagram. Here is the link to her website and Instagram page. Her Instagram handle is @lewildexplorer,

How social media influencers affect their followers?

One important way this affects us mere social media mortals is body image.

recent survey found that more than half of 18 to 34-year-olds feel that social media (along with reality TV) has a negative effect on how they see their bodies. 

The ComRes survey of 2,000 British adults for BBC 5 Live also suggested that younger people were more likely to consider having cosmetic surgery.

Discussing how social media puts pressure on young people, psychiatrist Sandeep Ranote added: “A lot of social media platforms like Instagram and Snapchat are all about posting images that can be changed. They’re not real… the impact of that on young people is that it leads you to think that’s how you should look.

“Seeing that constantly can make you feel that you are not good enough and that can have an effect on your emotional health.”

Tags: culture, hispanic influencers, instagram, lifestyle, music, top instagram influencers, market research, industry statistics

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

Startup incubator market in the Middle East and North Africa (MENA) region

Globally, the number of incubators and accelerators are growing at an average of 18.68% annually, from about 560 companies in 2009 to about 2,616 in 2018. Reports stated that this global trend likely resemble the Arab region industry, as for example, the Kingdom of Saudi Arabia (KSA) is seeing a surge in the number of organizations to support entrepreneurs- with an opportunity to learn from international models as well as customize them for the greater good of the up-and-coming regional ecosystem.

First, we define this market as per follows: “Business incubation programs are often sponsored by private companies or municipal entities and public institutions, such as colleges and universities. Their goal is to help create and grow young businesses by providing them with necessary support and financial and technical services.”

We have provided our summary in graphs and charts form as below and the detailed findings, calculations, estimations, assumptions, and statistics used to derive these figures can be found in the “Findings” section of this report.

Estimated and projected number of incubators in the MENA region
Total number of accelerators, incubators, and co-working spaces in MENA region

Annual estimated total investments raised by MENA incubators
Annual estimated number of businesses that are ready for investment through MENA incubators
Estimated number of new jobs created by MENA incubators
Market shares of clients (industry) that will be served by MENA incubators
Total target audience: number of SMEs in MENA
Total target audience: number of startups in MENA region

FINDINGS

Market size, growth and trend

Globally, the number of incubators and accelerators are growing at an average of 18.68% annually, from about 560 companies in 2009 to about 2,616 in 2018. Reports stated that this global trend likely resemble the Arab region industry, as for example, the Kingdom of Saudi Arabia (KSA) is seeing a surge in the number of organizations to support entrepreneurs– with an opportunity to learn from international models as well as customize them for the greater good of the up-and-coming regional ecosystem. 

“A report by Wamda Research Lab (WRL) in 2017 noted that the number of entrepreneurship support organizations in Saudi Arabia, including incubators, accelerators, co-working spaces and funds, nearly tripled, growing from 13 between 2006 and 2010, to 36 between 2011 and 2015” or that translates to about 22.59% annually. In the whole ARAB region, the number is about 86. As per the latest list by Wamda, the number of incubators in the MENA region is about 15 in 2015, which is about 18% of the overall incubators, accelerators, and co-working space companies. Assuming that the trend continues on in the next decade, then we can roughly project that the number of incubators annually is as per below:

[Estimated and projected number of incubators in the MENA region]

  • 2015: 15
  • 2018: 15 * 1.2259 * 1.2259 * 1.2259 = 28
  • 2021: 28 * 1.2259 * 1.2259 * 1.2259 = 51
  • 2022: 51 * 1.2259 = 63
  • 2023: 63 * 1.2259 = 77
  • 2024: 77 * 1.2259 = 94
  • 2025: 94 * 1.2259 = 115

In terms of the total investment raised, one MENA incubator can raise an average of Euro 750,000 (US$836,000), or which equates to an average 17 companies per incubator that are ready for investment (or graduates) while one incubator can support 65 SMEs on average. The average number of new jobs created by one MENA incubator is 100. 

Using the above number of incubators annually and the average investment value per incubator, then we can determine rough estimates of how much money will be invested by these incubators yearly;

[Estimated total investments raised by MENA incubators]

  • 2015: 15 * $836,000 = $12.54 million
  • 2018: 28 * $836,000 = $23.41 million
  • 2021: 51 * $836,000 = $42.64 million
  • 2022: 63 * $836,000 = $52.67 million
  • 2023: 77 * $836,000 = $64.37 million
  • 2024: 94 * $836,000 = $78.58 million
  • 2025: 115 * $836,000 = $96.14 million

[Estimated number of businesses that are ready for investment (or graduates) through MENA incubators]

  • 2015: 15 incubators * 17 companies = 255 businesses
  • 2018: 28 incubators * 17 companies = 476 businesses
  • 2021: 51 incubators * 17 companies = 867 businesses
  • 2022: 63 incubators * 17 companies = 1,071 businesses
  • 2023: 77 incubators * 17 companies = 1,309 businesses
  • 2024: 94 incubators * 17 companies = 1,598 businesses
  • 2025: 115 incubators * 17 companies = 1,955 businesses

[Estimated number of SMEs that are supported by MENA incubators]

  • 2015: 15 incubators * 65 SMEs = 975 SMEs
  • 2018: 28 incubators * 65 SMEs = 1,820 SMEs
  • 2021: 51 incubators * 65 SMEs = 3,315 SMEs
  • 2022: 63 incubators * 65 SMEs = 4,095 SMEs
  • 2023: 77 incubators * 65 SMEs = 5,005 SMEs
  • 2024: 94 incubators * 65 SMEs = 6,110 SMEs
  • 2025: 115 incubators * 65 SMEs = 7,475 SMEs

[Estimated number of new jobs created by MENA incubators]

  • 2015: 15 incubators * 100 new jobs = 1,500 jobs
  • 2018: 28 incubators * 100 new jobs = 2,800 jobs
  • 2021: 51 incubators * 100 new jobs = 5,100 jobs
  • 2022: 63 incubators * 100 new jobs = 6,300 jobs
  • 2023: 77 incubators * 100 new jobs = 7,700 jobs
  • 2024: 94 incubators * 100 new jobs = 9,400 jobs
  • 2025: 115 incubators * 100 new jobs = 11,500 jobs

In terms of sector, below is the market shares of clients that will be served by the MENA incubators.

  • ICT = 65%
  • Energy and Environment = 12%
  • Business Services = 10%
  • Life Sciences = 7%
  • Other industries = 6%

Total Addressable Market (TAM)

According to a report released by McKinsey, MENA region sees brighter future in terms of entrepreneurial growth, quoted: “Undergoing a period of great social, political, and economic transformation, the Middle East and North Africa (MENA) region is becoming a burgeoning hub of commercial innovation and entrepreneurship. Home to a population of more than 430 million people across its constituents and with a GDP of USD $2.8 trillion,9 the states across the region are experiencing a new wave of economic activity, and their digital future looks even brighter. MENA is projected to exhibit real GDP growth in the coming years, reaching $3.4 trillion in GDP value by 2020; however, the region has in fact realized only 8.4 percent of its digital potential.”

To determine the total addressable market of Qewam, we look at the total number of companies that could benefit from the services it offers–the SMEs and the startups in the region.

Number of SMEs in MENA region

Approximately 90% of the total businesses in MENA region are considered SMEs (small-to-medium enterprises), or that’s about 23 million SMEs in total. However, reports stated that only 8% of SMEs have online presence and nearly 63 percent of the MSMEs do not have access to finance. 

  • Estimated number of SMEs in MENA = 23 million
  • Estimated number of SMEs with financial access = 37% * 23 million = 8.51 million
  • Estimated number of SMEs without financial access = 63% * 23 million = 14.49 million
  • Estimated number of SMEs in MENA with online presence = 8% * 23 million = 1.84 million

Number of startups in MENA region

There are over 3,000 startups in the MENA region and 42% of these are located in the UAE and about 12% of these are in Egypt. 

In terms of the total funding, the UAE took in the most funding (60%), while Egypt accounted for the maximum number of deals in the region (25%). Startups in the UAE benefited from government support, corporate venture interest, and growing investor appetite for startups. The total funding in the MENA region was $704 million in 2019, a 13% increase from 2018.

Top competitors

Below are the notable 15 MENA incubators. The business model provided in this report was quoted or based on Wamda provided analysis. 

1. ANPT incubators

This startup incubator was launched in 2009 by the ANPT and its geographic focus is in Algiers, Oran, Annaba and Ouargala, Algeria.

Business model: “The ANPT (National Agency for the Promotion and Development of Technological Parks) features offices in Algiers, Oran, Annaba, and Ouargala Technoparks, for a minimum of 24 months, at a monthly rate of 5850 DZD (around $73 USD). Startups that work here receive a large array of services, including coaching, training, press relations management, assistance, and management of patent registration, and industrial and intellectual property protection. Project holders at the idea stage can benefit from free incubation until their company starts generating revenue.”

2. TIEC 

This company is based in Cairo and Assiut, Egypt and was launched in September 2010, on a governmental initiative from ITIDA (Information Technology Industry Development Agency).

Business model: “TIEC Incubation offers entrepreneurs with an ICT-related prototype a one-year incubation program consisting of up to 120,000 EGP (around $16,700 USD) of in-kind services such as consultancy services, software, hardware, and marketing, access to technical, subject-matter advice, business consulting, mentoring, as well as a working space in either Cairo’s Smart Village or in Assiut. Since it is a semi-governmental entity, TIEC does not take any equity in startups and does not charge startups to participate.”

3. AUC Venture Lab

Based: Cairo, Egypt

Launched: July 2013, by The American University of Cairo

Business model: “AUC Venture Lab offers eight months of incubation to the startups that have graduated from its acceleration program. Startups get access to the same network of investors, training, project management, and assistance as before.”

4. iPark

Based: Amman, Jordan

Launched: March 2003

Business model: “iPARK offers a fully equipped physical space to work from, with 45 independent office units which vary in size from three to eight+ person offices, as well as business services ranging from management team support, development, mentoring, and guidance to marketing and public relations, talent acquisition and recruitment, accounting services, and legal services.”

5. Berytech

Based: Beirut, Lebanon

Launched: June 2001

Business model: “The Berytech team assigns entrepreneurs a mentor to accompany them during their incubation period, follow up on management and budget, and periodically audit their process. Startups have access to either of their three sites in Beirut, with fees starting from $250 USD per month for a desk. Eligible startups can benefit from grants up to $15,000 USD and from up to six months free of hosting/services. They can also apply for VC money through the Berytech fund.”

6. AltCity

Based: Beirut, Lebanon

Launched: July 2011

Business model: “AltCity is a coworking space-turned-café and incubator. Entrepreneurs who work there get access to regular support meetings with the AltCity team, legal assistance, and contacts with banks, lawyers, investors, and potential team members. More services are to come in the future. Entrepreneurs at AltCity can also participate in the many startup-related events organized by the AltCity team.”

7. PICTI

Based: Ramallah, and Gaza, Palestine

Launched: 2004

Business model: “The Palestine Information and Communications Technology Incubator (PICTI) has offices in the West Bank and Gaza. In addition to the space and seed funding, PICTI offers full incubation services such as networking, and legal and financial coaching through PICTI business advisors, its Network of Mentors (PNM), as well as international networks such as Mowgli, Youth Employment Network (YEN), and BiD NETWORK. PICTI is a not-for-profit organization with a minimal equity shares recovery model.”

8. Business and Technology Incubator (BTI) 

Based: Gaza, Palestine

Launched: 2006

Business model: “This incubator offers a workspace and services, sets up training programs, and organizes events to match experts and investors with technology entrepreneurs. BTI offers its services for free, thanks to partnerships and funding from the World Bank, the UK’s Quality Improvement Fund (QIF), BiD Network, and many others.”

9. PalInnO

Based: Nablus, Palestine

Launched: June 2013 

Business model: “PalInnO is an organization that aims at creating bridges between Palestine’s most innovative hi-tech entrepreneurs and the global market. They invest in and incubate Palestinians startups, offering office space, as well as professional consulting and mentoring from Silicon Valley experts. Among their programs is the Palestine to Silicon Valley program (P2SV), which takes startups through three phases: 1) two-month incubation at their space in Palestine; 2) market validation in Europe; and 3) investor pitching in Silicon Valley, as explained in Wamda’s profile on PalInnO. The incubator takes shares in the companies it incubates in exchange for seed funding of up to $50,000 USD, office space, mentorship, and IT equipment.”

10. Badir Incubator for Information and Communication Technology

Based: Riyadh, Saudi Arabia 

Launched: 2008, by Badir Program for Technology Incubators affiliated to the King Abdul Aziz City for Science and Technology

Business model: “The Badir incubator offers a place to work to Saudi Arabian technology entrepreneurs at the idea stage, as well as workshops, and various services such as business plans, and legal, administrative, commercial, and marketing assistance.”

11. Afkar

Based: Riyadh, KSA, and Dubai, UAE

Launched: September 2013, by digital media company Intigral 

Business model: “Akfar.me supports startups that will build products and services tailored to the needs of Intigral’s existing clients. The incubator offers selected startups room in Intigral’s offices in either Dubai or Riyadh for three months, $20,000 USD in seed investment, in exchange for 5% to 20% of ownership in the product, access to their clients in Africa, Asia, and the MENA markets (with a focus on KSA), and mentoring. The incubator has brought on board mentors from MEVP, MBC Ventures, STC Ventures, AstroLabs, Arabnet, Wamda, and more.”

12. Wikistartup

Based: Tunis, Tunisia

Launched: October 2011

Business model: “The private – read: not free – incubator has two main activities: individual coaching to help startups set business plans, raise funds, and develop their businesses, and two training sessions for investors and innovation entrepreneurs, as well as a seminar on alternative funding and a session they market as the Business Angel Academy.”

13. Impact

Based: Tunis, Tunisia

Launched: December 2013, by LAB’ESS

Business model: “IMPACT offers social entrepreneurship companies a yearlong incubation program, including a workspace in the innovation hub Maison des Associations, strategic and individual coaching on-site, collective trainings, and coaching sessions with IHEC Business schools professors and mentors from the Groupe SOS, and access to associations support organization BAC and IMPACT’s extensive networks.”

14. in5

Based: Dubai, UAE

Launched: May 2013, by Dubai Internet City

Business model: “In5 is an innovation hub hosted by Dubai Internet City (DIC). in5 assists entrepreneurs with establishing their business within the TECOM Freezone, gives them access to a pool of mentors and investors, offers access to seminars and workshops with industry experts and specialists, and gets them in to a range of SME networking events. in5 doesn’t fund startups, but offers discounts on registration, licensing, and visa fees, and offers fancy affordable offices (1,000 AED, or $272 USD, per month) for up to three months.”

15. Silicon Oasis Founders (SOF) 

Based: Dubai, UAE

Launched: September 2013, by Dubai Silicon Oasis Authority (DSOA)

Business model: “Silicon Oasis Founders works with local entrepreneurs in the technology sector. While any entrepreneur can rent a seat or an office, starting from less than 12,000 AED (around $3,200 USD) per year (including the license), only selected entrepreneurs get access to the services, offered by the incubator, an entity entirely owned by the government of Dubai, in exchange for equity. Among those services are a mentoring program, HR advice, strategy, investment and pitching support, accounting services, company setup and creation, visas, as well as access to a pool of partners.”

business incubation programs, co-working spaces, market size growth and trend, MENA region, Middle East and North America, startup accelerator, Startup incubator, startup industry, startup investment, target audience, market research, market trends, industry statistics, market size, total addressable market, top companies

At Mhojhos Research, we deliver outstanding market report results across many industries. Market research is key to a new business becoming a profitable entity. It anticipates and minimizes risk, identifies potential customers and helps ensure success.

Social Housing Market Analysis and Trends in England

Main market: Social housing in England
Scope of the research includes the following:

  1. Social housing market trends
  2. Predictions around funding including general needs and supported housing
  3. Also any trends or predictions on homelessness
  4. What the predictions are regarding social housing in the near and more distant future
  5. Any other relevant statistics

SUMMARY
In this research, we define social housing as “low cost rented housing and low cost home ownership for people who may not be able to access the private market. It includes council housing and homes provided by housing associations.”

Of the total house dwellings in England, about xx% of these are considered social housing.

(Graphs and charts are provided in the report.)

Fig. 1

total number of social housing in England

Fig. 2

current number of households in need of social housing in England

Fig. 3

Past and projected figure on the number of homeless households in Great Britain and England

Fig. 4

Homelessness by type in England

Fig. 5

Social housing demand, government target and estimated base on previously built houses

FINDINGS


Social housing market trends


As of latest statistics, there are x.xx million social housing, either rented from councils or housing associations, listed for England in 2018. Of these, x.xx million are rented from housing associations while x.xx million were council homes. Social housing in England is about xx% of the total house dwellings. Below are their figures in the recent previous years.

  • 2017 = x million ( x million are rented from housing associations while x million were council homes)
  • 2016 = x million ( x million n are rented from housing associations while x million were council homes)
  • 2015 = x million ( x million n are rented from housing associations while x million were council homes)
  • 2014 = x million ( x million n are rented from housing associations while x million were council homes)


Predictions around funding including general needs and supported housing


According to a factual government report , “ during the height of council building, in the 1950s, councils built on average around 147,000 homes a year while in the past 10 years councils have averaged building around 1,400 homes a year and this is due to a number of Government restrictions and lack of funding available.”


In England, public spending on housing has lagged behind expenditure on other public services over the past twenty years and the focus of spending has increasingly been on housing benefits rather than investment in new social or affordable housing.


England needs to build four million new homes to deal with an escalating crisis, according to research, prompting calls for the government to dramatically increase funding and set more ambitious targets. Groundbreaking research by Heriot-Watt University says England has a backlog of x.xx million homes, meaning 340,000 new homes need to be built each year until 2031. This figure is significantly higher than the government’s current target of 300,000 homes annually and over the past five years, house-building has averaged xxx,xxx a year.


Accordingly, the government will continue to provide the major source of finance for housing providers. Homes England has been extremely active in pushing its £x.xxbn Home Building Fund through different channels. However, research shows that the government has been shifting and juggling with other priorities and many observers believe there is a risk that funding for affordable homes could get lost.

All other included in the findings:

– Social housing market trends

– Predictions around funding including general needs and supported housing (including Great Britain)

– Trends or predictions on homelessness and social housing in the near and more distant future

– Include all references and graphs

Social housing market trend in England

SCOPE: - Social housing market trends - Predictions around funding including general needs and supported housing - Trends or predictions on homelessness and social housing in the near and more distant future - Include all references and graphs

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Tags: council homes, future of housing in England, house dwelling trends, housing associations, social housing in England, market research, market size, market growth, industry research, total addressable market

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