Part 3/9:
While $1.56 billion may appear substantial, it is crucial to note that Upwork’s total addressable market is estimated to be around $560 billion. If these estimates hold true, it suggests a significant runway for growth for the company. Feroldi points out a McKinsey study that forecasts the freelance economy could reach approximately $2.7 trillion by 2025, a projection that further illustrates the expansive opportunities available to Upwork compared to its current achievements.