"In just under two decades, subscription services have changed the way people shop, play and work. Businesses are also taking advantage of subscription services. As we head for the middle of 2025, though, the subscription economy is showing signs of yet another shift as it expands beyond digital services. What may the future hold? Related: The Subscription Economy Is Growing Fast. Here's How Your Business Can Adapt and Thrive. The rise of the subscription economy"
"Since the early 1800s, consumers could access magazine subscriptions through the mail. In Britain, milk deliveries have been handled by subscriptions since the 1860s. More recently, the subscription economy has become synonymous with a wide range of services from media to meal deliveries. As an ecommerce business model, subscription-based businesses have been outperforming their traditional counterparts for some time, with subscription revenues growing five times as fast between 2012 and 2018 as the average of the S&P 500."
Netflix shifted from DVD delivery to streaming in 2007, illustrating rapid change driven by subscriptions. In under two decades, subscription services transformed how people shop, play and work, and businesses increasingly adopt subscription models. Subscription services have historical roots in early 1800s magazine mailings and 1860s British milk deliveries. Recent expansion covers media, meal deliveries and broader ecommerce. Subscription revenues outpaced the S&P 500 between 2012 and 2018. By late 2024, Americans spent nearly $1,000 per year on subscriptions and the market may exceed $900 billion by 2026. Consumers favor convenience and access; younger generations adopt subscriptions faster.
Read at Entrepreneur
Unable to calculate read time
Collection
[
|
...
]