Large companies are no longer cool. The modern business model is tilted towards the concept of sharing, and with the advent of cutting-edge technological innovations, businesses gain benefits while a larger customer base keen to lower risks is helping upcoming players.
A sharing economy is a business concept whereby individuals and even businesses can turn their assets into cash. Monetising and maximising their assets to eliminate excess offers cost-effective alternatives to traditional products and services.
How big can a sharing economy become? PwC predicts that the sharing economy across five key areas -- travel, car-sharing, finance, staffing and streaming -- will total US$335 billion (11 trillion baht) within eight years, accounting for 50% of those markets. Currently they account for 5%.
