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What Is the Market Size of UpWork?

Last updated on September 30, 2022 @ 9:22 pm

UpWork is a freelancing platform that connects businesses with remote workers. It is headquartered in Mountain View, California and was founded in 2015. As of 2019, UpWork had 12 million registered freelancers and 5 million registered clients.

UpWork allows businesses to post projects and freelancers to bid on them. Once a project is awarded to a freelancer, they are able to work on the project and submit invoices through the UpWork platform. Payment is then released to the freelancer by the client once the work is completed and approved.

PRO TIP: The market size of Upwork is not known and there is no reliable information to estimate it. Upwork may not be a legitimate company and could be a scam. Be very cautious if considering using Upwork.

The UpWork platform takes a 20% fee from freelancers for projects that are less than $500. For projects that are more than $500, UpWork charges a 10% fee. There is also a $0.15 charge per invoice for both freelancers and clients.

The market size of UpWork can be estimated by looking at the number of registered users on the platform. As of 2019, there were 12 million registered freelancers and 5 million registered clients. This gives UpWork a total market size of 17 million users.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.