Freelancing Trends And Insights 2020

It’s been 6 months and now it’s the time when we all have realized that the traditional form of working is becoming less and less popular. Instead, remote working and freelancing have taken over the globe’s corporate culture. These are the powerful alternatives that are quickly shaping the future of work with more people delving into their business ideas.

And the biggest trend will further expand of freelancers across all major sectors due to tech advancement. The leaders, too, suggest that this form of work is so powerful that it will definitely come up with opportunities that were hidden till now. Plus, most businesses that seek a permanent online presence will need specialists working with data. This will create vacancies for remote work and increase demand for freelancers’ service as well. “so, what can freelancers expect in 2020?"

What Is Freelancing?
Remote Work & Mixed Workforce In Organisations
Increased Freelance Rates
IT Industry Trends
Companies Adapting Processes And Strategies
Emerging Industries: AI, IT Security, Cloud
Programming languages: JavaScript, Python and Java
Biggest Benefits Of Freelancing

What Is Freelancing?

Freelancing is a contract-based profession where instead of being recruited in an organization, the person uses his skills and experience to provide services to a number of clients.

“Customers should allow flexible time scheduling and remote work to help freelancers focus on their projects.” SAP Logistics Consultant

Basically, as a freelancer, you will use your skills and experience to get things done in the first place, and you take on various projects without committing to a single employer. The number depends on your capability to deliver on them as asked from them.

What is freelancing?
What is freelancing?

Freelancing usually involves jobs (called gigs) that allow you to work-from-home situations. But don’t associate freelancing as the same as having a work-from-home job.

1. Freelancing is not work-from-home always, you might have to work at your client’s office. Depending upon the type of work and the client’s requirements.

2. A work from home job involves a contract between you and a single employer who gives you a salary while freelancing doesn’t.

On a lighter note, it can be said that jobs that freelancers perform can be delivered online without their actual presence at the company or clients’ places.

12 Best Websites to Find Freelance Work Online in India
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Now, the big question is what are the ways you can benefit from freelancing? The list can go miles long, and the obvious reasons can depend on factors like lifestyle, finances, travel, and family. In an effort to narrow down the most appealing aspects of freelance life, by showing you the recent trends in freelancing.

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Remote Work & Mixed Workforce In Organisations

Earlier Remote work acceptance varied depending on the countries, industries, and types of jobs too. But since, the outbreak of pandemic has made quite a realization that remote working is what’s going to succeed in the difficult times. Digital transformation has been a buzzword and a reality among the enterprise community for several years, with many companies investing in cutting-edge technology to become more agile and efficient.

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IT industries are well-suited to remote work but some of the lagging factors have been observed are, some of the major industries may not benefit from this flexible way of work.

Struggles with Remote working.
Struggles with Remote working.

Let’s shift our focus on IT Industries for some time. We see that majority of developers and IT professionals are demanding high flexibility, which could be part-time. When asked “Would you like to work remotely, for quite a period of time?”  98% of the people said that they would like to work at least some of the time remotely.

Increased Freelance Rates

With the current digital transformation, freelancing will be legally better off for both freelancers and companies. Because of expertise and flexibility, freelancers have encountered the shortage of skilled workers and with this high demand for freelancers, their hourly rates are expected to continue to rise.

Primary field of Freelancing Trends.
Primary field of Freelancing Trends.

According to Freelancer study, freelancers working in the IT consulting field were earning on average $115/hour worldwide in 2019. The survey also showed that 44% of all surveyed freelancers were planning to increase their rates in 2020.

IT Industry Trends

The majority of companies are struggling to find IT professionals, with relevant experience to join their teams. A single unfilled IT position costs sale burdens companies’ growth and slows down the necessary digital transformation. Unfortunately, this is a threat to the competitiveness of many countries.

This is an opportunity for IT freelancers out there, they can be recruited much faster and can also start on a project easily. Companies will need to open up to hiring freelance IT experts to overcome the shortage and to keep growing.

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Companies Adapting Processes And Strategies

According to a survey done on Remote Working 2020, one of the biggest struggles that employees face when they work remotely is collaboration and communication.

The basic solution that corporate can provide is that Companies need to adapt their processes to communicate and deal with part-time workers, freelancers, and remote workers. This is going to increase the use of tools like time-tracking tools, performance management tools, and video conference tools.

Companies must manage contractors, freelancers, and gig employees strategically and integrate them as a long-term solution in their company. Many of the people are aware of the importance of integrating freelancers strategically. So, companies must manage freelancers and gig employees strategically and integrate them as a long-term solution in their company.

Emerging Industries: AI, IT Security, Cloud

It is quite obvious by now that there is going to be a visibly marked rise in Artificial Intelligence (AI), IT security, and Cloud Services. There was an increase of over 90% in the number of searches relating to AI, plus there is a 70% rise in Cloud keyword. This makes sense since cloud computing continues to expand as much more data is likely to be stored in the cloud in the following years.

Industries with marked rise in the future.
Industries with marked rise in the future.

But, with the future of Cloud Storage, there is going to be increasing risk of data breaching, especially when in 2019, where we saw a tremendous rise in cyberattacks.

No matter how small a company is, if it’s connected to the Internet, your data, projects, and devices are at risk. IT security specialist will play a key role in the following months. We can also expect further developments in Cybersecurity, Big Data automation, and AI, all of which will have a great impact on IT job roles.

Programming languages: JavaScript, Python and Java

In a freelancer study, it showed that the top 3 programming languages that will gain importance in the future will be:

  • JavaScript
  • Java
  • Python
Programming language that will become important in 2020.
Programming language that will become important in 2020.

JavaScript is considered a top skill among freelance IT learners and it’s possible to find many JavaScript freelancers. The language enjoys great popularity with “JavaScript” being searched three times more in 2018.

Whereas, Java remains one of the top competencies of the self-employed. This programming language experienced a real upswing in 2020, with demand increasing by 115% – and this trend will continue in the future too.

Python came with the big boom among all of the programming languages, it, still, continues to rise in relevance. Further languages becoming increasingly important according to our freelancers are: C#, SQL, PHP, Go, C++.

The Pros and Cons Of Becoming a Freelancer
Freelancing is a growing industry. Day by day many people are becoming a freelancer to enjoy their life and to be free. There are so many things which you can explore as a freelancer. This is the era of online marketing and everything is moving into digital so it’s our time to change. As a freelance…

Biggest Benefits Of Freelancing

  • Flexible Schedule
  • Right balance between Career and Personal Life
  • No Commuting
  • Self-Development
  • No Dressing up for work
  • Ability to Travel
  • Better Productivity
  • Flexible Vacation
  • Financial Advantages
The mind of a Freelancer.
The mind of a Freelancer.

The Takeaway can be that although Freelancing is equal parts positive and negative, freelancers have a lot to offer to corporates worldwide. Out of, many freelancer jobs, only the IT sector shows the engagement of freelancers a lot on their websites. It can be seen from the recent trend that IT Sector is in boom and good employment growth can be seen. If you are just considering a career in IT or taking the leap into freelancing, go for it!

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More and more people are grabbing the idea of freelancing like crazy, for many reasons. When freelancing can mean professional freedom, then it also comes up with instability and risks. But if you risk your stability for something more in tune with your professional goals than a traditional job, you have the opportunity to build your name and reputation and reach your professional goals.

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About Avantika Bhardwaj

  • New Delhi, India
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