Digital Nomadism Is on the Rise and Not Going Away!

According to some estimates, 35.7 million Americans, or 22% of the total, will be working remotely by 2025. In addition, due to the epidemic, an increasing number of people are choosing a location-independent, technology-enabled lifestyle that allows them to travel and work from anywhere. They are known as digital nomads, and the tendency is growing.

The digital nomad lifestyle was on the rise for several years even before Covid-19 hit, the number of digital nomads in the United States increased since by almost 50% to 11 million by 2020.

Here are some of the reasons why businesses implement Work-from-anywhere policies.

According to a recent Qualtrics survey, 80% of job seekers said it was vital that their future careers allow them to reside anywhere they wanted. Employers are taking notice. Many companies, like Lift, Airbnb, and 3M, are shifting to permanent flexible work arrangements as employees prefer to work remotely. For example, Spotify promotes the idea that “work isn’t something you go to, it’s something you do.” Their work-from-anywhere technique allows employees to work from any location within certain geographic boundaries. If a position is located in Sweden, for example, the worker may be able to work remotely throughout Europe.

Digital nomads are being drawn to foreign countries.

The rising popularity of this new location-independent lifestyle has increased the demand for digital nomad visas. According to the trend-tracking website Exploding Topics, searches for the term “nomad visa” have climbed 2,400% in the last five years. As a result, countries are offering visa extensions to lure international visitors into staying for an extended time. Brazil, for example, has rules governing the issuing of temporary visas and residency permits to foreigners working for multinational corporations. As a result, they can stay for one year before renewing their visa. In addition, Indonesia has announced the creation of a new visa that will be valid for five years, which is longer than any other digital nomad visa currently available. At the moment, 46 countries have joined the digital nomad visa bandwagon.

Families are embracing the digital nomad way of life.

Many people imagined that digital nomads were twenty-something travelers who traveled from hostel to hostel looking for a place to plug in their laptops. On the other hand, flexible work and homeschooling have ushered in a new breed of digital nomads that hopes to explore the world while creating memorable memories with their children. This is known as the “anywhere worker,” according to a recent Lonely Planet poll. High-tech jobs may be found practically anywhere, with 61% of people working full-time. In addition, 70% of persons in this category are between the ages of 24 and 44, with 35% between 45 and 54. Almost half are married, and 70% are parents who travel with their families, unlike the ordinary digital nomad.

More products and services are available to assist digital nomads.

Many goods and services have emerged to help digital nomads navigate their lifestyle challenges. Here are a couple of such examples:

Coliving and coworking spaces.

These amenities help to relieve the stress of managing work and travel. Connecting with others encourages you to settle in, complete your tasks, and find inspiration. Coworking spaces for digital nomads often provide a place to work, temporary housing, and access to a local network of like-minded people.

Package tours

You’re in luck if you’re ready to hit the road and let someone else handle the details. For example, nomad Cruise and Remote Year bring together groups of professionals who live and work remotely for a few weeks to a year. These companies manage all logistics, allowing you to focus on your work and travel to new destinations.

Job postings and online resources

It is now easier for digital nomads to find jobs thanks to the rise of online talent marketplaces and remote employment websites. In addition, other excellent websites offer a plethora of useful information. For example, Nomad List provides information about the cost of living, internet speeds, taxes, visas, and other topics for over 1,200 locations worldwide.

People prefer experiences to material possessions.

There has been a shift from stressing possessions to emphasizing experiences. Younger generations choose to invest in activities such as concerts, rock climbing, and cooking classes. According to one poll, more than three-quarters of Millennials would spend their money on an experience or event than on a product. Furthermore, 55% of Millennials believe they spend more money on events and live experiences.

Final Thoughts

It turns out that being productive doesn’t require you to be connected to your desk for eight hours a day, five days a week. You can travel the world, meet individuals from diverse backgrounds, and work when you want. Check out our website blog for more valuable information on the nomad lifestyle.