Online Outsourcing Spending Up 11.75% in Q3 According to WhichLance.com

The Freelance Marketplace Review, compiled by WhichLance.com found that spending across the leading 10 freelance marketplaces had increased to $78.6m USD in Q3 2010, an 11.75% increase on Q2.

Online PR News – 22-November-2010 – – The Freelance Marketplace Review, compiled by WhichLance.com found that spending across the leading 10 freelance marketplaces had increased to $78.6m USD in Q3 2010, an 11.75% increase on Q2.

The report compiles data from the top 10 freelance marketplaces to provide an independent review of online outsourcing. Other key findings in the Q3 report were that oDesk and Elance increased their market leading position with their market share up 1% in the quarter to over 70% of the total spending. oDesk was clear market leader by billings, with $32.6m in spending, equal to almost 40% of the total spending recorded.

Elance increased the size of its freelance workforce by over 80% in the reporting period to 129,697. Meanwhile Australian based Freelancer.com passed the 1.8m registered users threshold making it the leading marketplace by number of users and volume of traffic.

Our latest freelance marketplace review shows the online outsourcing arena continues to display strong growth. We are excited to play a small role in promoting this industry. We look forward to reporting on many more periods of growth to come.

Little known marketplace LimeExchange posted significant increases in turnover, with billings up $250,000 in the reporting period, and increase of 56% over the 2nd quarter of 2010.

Commenting on the review, Saif Bonar, founder of WhichLance said “Our latest freelance marketplace review shows the online outsourcing arena continues to display strong growth. We are excited to play a small role in promoting this industry. We look forward to reporting on many more periods of growth to come”.

The full review can be downloaded here:

http://whichlance.com/review/freelance-market-review-q3-2010.pdf

Editors Notes
WhichLance.com is the world's only outsourcing comparison site dedicated to providing users of online outsourcing marketplaces an independent platform through which they can find, compare and evaluate all the leading freelancing and online outsourcing marketplaces.

WhichLance was launched at the end of April 2010.

The Freelance Marketplace Review is compiled on a quarterly basis, the Q3 review is the third to have been produced to date.

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+44 7966 960 625

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