The Growth of Sharing Economy

Once upon a time, in the age of Mad Men, the ownership of a house, car and even the idea of possession allocation was considered the peak of living the dream. Possession used to be how one shows off their wealth.
However, in more recent times with the advancement of technology, the concept of a less is more and collaborative standpoint has attained steady grounds and it is pushing ownership to the curb. Minimalism is now the new luxury of this modern world.
Nonetheless, certain smart folks have started figuring out and distributing assets that kindle the growth of the economy and turning resources that have gone stale into money.
Also, the whole emancipation from ownership has gradually become a free notion and sharing has started fostering the seeds of community. This is where sharing economy and its growth comes in.
What Is Sharing Economy?
The sharing economy is referred to as an economic system wherein services or even assets are evenly shared between persons or businesses for either free or for a specific fee.
Moreover, the idea behind it is to improve asset usability and to make their lifespan much more worthwhile.
For users, they are now much more capable of seeking out things, most times through apps and they get to use them easily. Currently, the sharing economy has been forecasted to increase or grow from its fifteen billion dollars back in the year 2014 to a whopping $335 billion in the year 2025. Much more rapidly, we are moving to the world of the sharing economy.
Participants Of The Sharing Economy
Best believe that there are so many businesses and persons involved in the whole concept of a shared economy. Here's how:
Should you need a very affordable yet swift way to move around town, there are many choices now. From scooters to bikes to cars, all kinds of sharing economy options are available at your fingertips. Some assets are being underutilized in our world as people already have so many things attached to themselves.
Where are you going to stay for the night? You can choose Airbnb for a room or boutique hotel rooms or even a van from Outdoorsy if you want a road trip kind of night. How about a camping night at Hipcamp? 
Also, you need to a photoshoot for your Instagram, there are expert camera gear you can use from the prominent lensrental.com and if you need computers for your recently hired team filled with designers, you can rent Apple computers as well.
As earlier mentioned, there are so many people and companies that have assets begging to be utilized. This makes certain that the sharing economy is steadily growing as it has so many things to offer such as the fact that it has already expanded from peer to peer to corporations to customers.

• Cost-saving incentives

We have items idling away in our homes which makes up about eighty percent of the things we barely use in a month. These items have a shelf life and can get damaged rapidly. With sharing for a small fee or possibly renting them out, more people get to make use of them and money is obtained.

• It is greener

Since the issue of sustainability is a major focus of the sharing economy, you may have computers idling by that you can put up for rent.
When these computers are rented out, all of your projects become profitable and you end up reducing the number of e-waste that will end up possibly in landfills.
Summing It Up
Note that, sharing is not a new approach or technique of life. There have been shared or rentable goods available for years. The sharing life is not just more convenient, it is cheaper and more sustainable.