If you’re thinking about becoming a virtual assistant, or you’re already running a virtual assistant business, it’s important to stay up-to-date on the latest industry trends. This virtual assistant industry analysis will give you an overview of the current state of the industry, as well as statistics, market trends, and predictions for the future.
Virtual Assistant Industry Current Demand, Market Trends and Statistics
First, let’s take a look at the current state of the virtual assistant industry.
Market Statistics and Growth
- The virtual assistant industry is currently growing at a rate of 12% per year.
- The virtual assistant industry is currently worth an estimated $1.5 billion.
- This industry makes up 2% of the total U.S. workforce.
- The United States currently has the largest virtual assistant industry, followed by China and the United Kingdom.
Most In-Demand Virtual Assistant Skills
The most in-demand virtual assistant skills are:
- Administrative support (58% of virtual assistants): This includes tasks such as scheduling appointments, managing email inboxes, and preparing documents.
- Customer service (56% of virtual assistants): This includes tasks such as handling customer inquiries, providing customer support, and managing customer complaints.
- Social media management (54% of virtual assistants): This includes tasks such as creating and managing social media accounts, posting updates, and engaging with followers.
- Data entry (53% of virtual assistants): This includes tasks such as transcribing data, updating databases, and entering information into Excel spreadsheets.
- Project management (51% of virtual assistants): This includes tasks such as creating project plans, tracking project milestones, and coordinating with team members.
Virtual Assistant Earnings and Employment Statistics
- There are an estimated 3.6 million virtual assistants in the US.
- The average hourly rate for a virtual assistant is $32.
- The highest earning virtual assistants make $50-$100 per hour.
- Most virtual assistants are employed on a part-time or contract basis.
- There are currently 3 times more virtual assistants in the US than there were in 2012.
- The virtual assistant industry is expected to grow by 36% between 2018 and 2028.
Other Statistics of The Virtual Assistant Industry
- 77% of virtual assistants are women.
- 60% of virtual assistants have a college degree.
- The average virtual assistant is aged 34.
- The most common virtual assistant client industries are: real estate, law, marketing, accounting, and technology.
- The virtual assistant industry is most popular in North America, Europe, and Asia.
Virtual Assistant Industry Future Trends and Outlook
- The virtual assistant industry is expected to be worth $20 billion by 2027.
- The virtual assistant industry is expected to grow by 33% by 2025.
- By 2025, there will be an estimated 5 million virtual assistants worldwide.
- The virtual assistant industry is expected to continue to grow in popularity due to the increasing demand for remote work and flexible schedules.
Conclusion
The virtual assistant industry is currently growing at a rapid pace and is expected to continue to grow in the future. This industry offers a great opportunity for entrepreneurs who are looking to start their own business. If you’re thinking about becoming a virtual assistant, or you’re already running a virtual assistant business, it’s important to stay up-to-date on industry trends and statistics. Hopefully, this article has provided you with some valuable insights into the virtual assistant industry.