Today, the US freelance market is a $ 1.5 trillion economy, which has rapidly emerged as a huge competition for conventional workforce model.Researches show that almost 50% of millennial workers are freelancing and by the year of 2020, 43% of US workforce will be freelancers. According to the recent report of Upwork and Freelancers Union, an estimate of $57.3 million Americans is freelancing right now. It accounts for 36% of the total US workforce. When talking in terms of economy and revenues, this 43% alone contributes an approximate of $ 1.4 trillion annually. And by 2027 the majority of US workforce will turn into freelance, the prediction stands.