Fiverr Opens New Vertical Focused on Data Related Services

Rhea-AI Summary

Fiverr International Ltd. (NYSE: FVRR) has launched its first new vertical in over nine years, focused on data-related services. This strategic move responds to the growing demand from small businesses, 67% of which invest over $10K annually in analytics. The data market is projected to expand from $169 billion in 2018 to $274 billion by 2022. Fiverr aims to empower smaller firms by providing access to skilled data professionals, thereby enhancing operational efficiency and decision-making capabilities.

Positive

• Launch of first new vertical in nine years focused on data services.
• Addresses the growing demand from small businesses for data-driven decision-making.
• The data analytics market is projected to grow significantly, indicating a favorable environment for new services.

Negative

• None.

Fiverr International Ltd., (NYSE: FVRR), the company that is changing how the world works together, announced today the launch of its first new vertical in over nine years dedicated to services related to data. The use of data and analytics is no longer limited to big companies with deep pockets. It’s widespread, with 67% of small businesses revealing that they spend more than $10K a year on analytics*. Investing in data science and analytics can help companies make more informed decisions, improve their operational efficiency, and ultimately increase their revenue.

Fiverr announced today the launch of its first new vertical in over nine years dedicated to services related to data. (Graphic: Business Wire)

The modern business landscape is a data-driven environment, with the big data and business analytics market valued at $169 billion in 2018 and expected to grow to $274 billion by 2022**. The role of data is to empower business leaders to make decisions based on facts, trends and statistical numbers that are unique to that business. But with so much information out there, business leaders must be able to sift through the noise, and get the right information, so that they can make the best decisions about strategy and growth.

“Small businesses need to feel empowered to take advantage of the kind of data driven decisions big corporations have been mining for years. However 57%* say they don’t have the right people to manage the process of implementing the solutions,” said Micha Kaufman, Fiverr CEO. “As all kinds of businesses are being forced to shift their operations online, the need for the insights data can deliver becomes even greater. By opening a vertical focused solely on data services, we are providing business buyers the ability to tap into talented data analysts, data scientists and more, on-demand. These skilled freelancers can help implement solutions to help businesses make data driven decisions to improve, enhance and ultimately grow. This dedicated vertical is enhancing Fiverr’s user experience to meet a growing demand for these types of services.”

The new vertical will feature six main categories and additional subcategories including:

• Data science
• Data analytics
• Data processing
• Data visualization
• Databases
• Data entry

Click here to find out more about Fiverr’s new data vertical and here to view the variety of services available on the platform.

*https://1path.com/blog/data-visualization/data-analytics-survey-results/

**https://www.statista.com/statistics/551501/worldwide-big-data-business-analytics-revenue/

About Fiverr

Fiverr’s mission is to change how the world works together. For over 10 years, the Fiverr platform has been at the forefront of the future of work connecting businesses of all sizes with skilled freelancers offering digital services in more than 500 categories, across 8 verticals including graphic design, digital marketing, programming, video and animation. In the twelve months ended December 31, 2020, over 3.4 million customers bought a wide range of services from freelancers across more than 160 countries. We invite you to become part of the future of work by visiting us at fiverr.com, read our blog and follow us on Facebook, Twitter and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210324005454/en/

FAQ

What is Fiverr's new vertical focused on?

Fiverr's new vertical, launched in March 2021, is dedicated to data-related services.

How much do small businesses spend on analytics according to Fiverr's press release?

67% of small businesses spend over $10K a year on analytics.

What is the projected growth for the data analytics market?

The data analytics market is expected to grow from $169 billion in 2018 to $274 billion by 2022.

What is the impact of the new vertical on Fiverr's services?

The new vertical enhances Fiverr's offerings by providing access to skilled data professionals for small businesses.

When was Fiverr's new vertical launched?

Fiverr's new vertical was launched in March 2021.