Fiverr Strengths, Domain Expertise, and Key Differentiators
Fiverr is a global platform connecting businesses with skilled freelancers across 400+ categories. Using a Service-as-a-Product ("SaaP") model, buyers can easily purchase digital services from logo design to website development, with prices ranging from $5 to higher amounts. Fiverr transforms the freelancer staffing model into an e-commerce-like experience, employing proprietary machine learning algorithms for a personalized user experience and a robust ecosystem. The platform's mission is to democratize talent access and provide growth opportunities for businesses. With over 4 million global customers, Fiverr's Talent Cloud enables companies to scale teams with professionals from 160+ countries across 550+ categories. Associated companies include ClearVoice, CreativeLive, Working Not Working, SLT Consulting, and Stoke Talent. Explore opportunities on fiverr.com or follow Fiverr on social media for the future of work.
Fiverr Recent Developments
Fiverr has unveiled a suite of new products and solutions, including the Business Solutions suite, tailored for mid to large-sized enterprises, Fiverr Pro, and the debut of Fiverr Neoâ„¢, a neural network-powered tool aimed at enhancing the matching process between talent and customers. Fiverr Pro, formerly Fiverr Business, is positioned as an end-to-end solution for larger organizations, offering an intelligently curated catalog of professional talent alongside advanced business tools.
In October 2021, Fiverr acquired online learning company CreativeLive, a creative and entrepreneurial education platform where people can learn about design, business, photography, video, marketing and more. CreativeLive will remain a standalone organization.
Through COVID-19 it has been supporting its community through its SMBhelp site, through the Freelancers union and with microgrants to help small businesses get on their feet.
Fiverr Mergers and acquisitions (M&A) Activities
In November 2021, Fiverr acquired Stoke Talent, a all-in-one solution to help companies manage their work with freelance talent, for $95 million. This includes tools to onboard, pay, track budgets and more. With Stoke's product suite, Fiverr is looking to add more value to larger businesses and integrate with existing corporate workflows.
In July 2020 Fiverr acquired SLT Consulting a digital marketing agency that had built its business using Fiverr.
In February 2019, Fiverr acquired ClearVoice, subscription-based content marketing platform located in Phoenix, Arizona. Adding ClearVoice to the Fiverr portfolio is another way to ensure that professionals and larger businesses alike can conveniently and consistently access freelance talent for whatever they need, whenever they need it. Currently, content marketing-related services are among the most in-demand services on Fiverr, with content creation being one of the highest grossing verticals on Fiverr Pro, which is Fiverr’s top tier of freelancers. Fiverr intends to continue operating ClearVoice as a stand-alone subsidiary.
Fiverr Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fiverr applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fiverr and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Fiverr Pro, Fiverr Certified, Fiverr Enterprise, Fiverr Workspace, Fiverr Neo customers.
Fiverr Overview
Ownership: - NYSE: FVRR
Number of Employees: 775
Functional Market: Contingent Workforce, Sourcing,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Fiverr Key Cloud and HCM Applications
Fiverr Pro, Fiverr Certified, Fiverr Enterprise, Fiverr Workspace, Fiverr Neo
Fiverr HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fiverr Revenue Breakdown by Type:
Fiverr HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Fiverr HCM Applications Revenues By Verticals, $M:
Fiverr Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Fiverr Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Fiverr Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fiverr Customers
No. of Fiverr Customers: x
No. of Fiverr HCM Applications Customers: x
No. of Fiverr Cloud HCM Customers: x
No. of Fiverr Cloud HCM Subscribers: x
Fiverr has 4.3 million active buyers.
Fiverr Market Opportunities, M&A and Geo Expansions
Fiverr's "Power of Humanity" campaign aligns with a series of strategic initiatives introduced since January, showcasing the company's commitment to innovation. The introduction of new AI categories and the substantial growth in AI services demand underscore Fiverr's responsiveness to evolving market trends. The launch of "Fiverr Neo" and the establishment of an AI Content Hub, featuring Explorers and Tech Hubs, present opportunities for freelancers and businesses to explore and leverage AI in their products, workflows, and services, catering to both those less familiar and more experienced with the technology.
As a result of COVID-19, businesses everywhere have been forced to adapt and think about ways to augment their teams to be more flexible, agile and productive. Freelancers have proven themselves to be advantageous to small and large businesses all over the world, but their services have also proven themselves to be helpful to large non-profits, who typically run on smaller budgets and tight timelines. Overall 45% of businesses are using more freelancers than pre-Covid.
Fiverr Risks and Challenges
Fiverr encounters competition from both online and offline platforms, contending with rivals such as UpWork and Freelancer, which incorporate freelance services within their comprehensive service portfolios.
Fiverr Ecosystem, Partners, Resellers and SI
Fiverr has cultivated one of the world's largest networks of buyers and freelancers, fostering a robust network effect. Successful transactions by Fiverr buyers contribute to a cascade of referrals. As the Fiverr buyer community expands and the platform enhances its support functions for sellers, it attracts more freelancers possessing high-value skills. This influx of skilled freelancers, coupled with the growth of the seller base, enhances the breadth and depth of talent on the Fiverr platform. This, in turn, facilitates the continuous expansion of Fiverr's catalog of Gigs, intensifying the value proposition for buyers and propelling a robust growth flywheel.
In April 2020, Fiverr expanded its international footprint and launched its global marketplace in two new languages, French and Spanish. This followed the success of the company’s foray into the German language in February. International expansion continues to be a key growth strategy for Fiverr, and the potential to unlock further opportunities in the European market is huge. Combined, France and Spain have over six million small businesses and an estimated 25 million independent workers. It has since launched sites in Dutch and Italian.
Fiverr Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Fiverr Public Cloud and Infrastructure (IaaS)
- Fiverr Platform (PaaS)
- Fiverr Application Delivery
- Fiverr Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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