The market
for subscription products:
Is available for every type of business: grocery delivery, streaming services, online training, email newsletters, etc.
Has grown nearly 6-fold in the last nine years
Why should a business
implement the subscription model?
Even e-commerce brands are using subscriptions to drive sales. That is because the consumer market has embraced this model, which has increased its popularity.
All you need is to convince users to attach a bank card, continuously give them value, and monitor subscription statuses and payments. Once you can get customers to pay for subscriptions, you'll have regular sales on a monthly or annual basis. This guarantees you steady growth over time.
The numbers
say that:
70%
of business leaders consider subscription business models as a key to prospects in 2023
53%
of all software revenue will be generated from a subscription model by 2022
30-50%
is the average annual subscription billing vendor growth