According to the information shared by ecommerce major PayPal payment gateway, 25 % of the global freelancers community is from India and subsequently 50% of software freelancers also belong here. The company has published a report on the booming freelancer community, the future prospects of this sector and the potential challenges ahead. The report suggests that a majority of this community are below 45 years of age males. The main focus areas of for the freelancers are web designing, Mobile application development, accounting, data entry and also technical consultation.
Most of the respondents have mentioned that they have seen a rapid growth in the past one year while majority working with international clients and few working with domestic customers as well. It is very well suggested by corporate leaders that India is today the largest freelancer market in the world and is set for more growth. The advancements in banking and fund transfer technology like payment gateways have fuelled this trend by empowering the freelancers to work from anywhere for everywhere.