Demand For Subscription Services Continues to Increase

Written by yaroslav | Published 2019/11/25
Tech Story Tags: subscription | saas | subscription-economy | buy-vs-rent | subscription-services | new-economies | millenials | hackernoon-top-story

TLDR U.S. Census Bureau: 22 million customers are spending $57.6 billion on subscription services and apps. Uber and Airbnb are still the market leaders, operating in most markets, with massive revenues, brand awareness and the amount they’ve raised - over $12 billion and $4.4bn. Subscription services are growing 9x faster than S&P 500 revenues. In the UK, nine out of ten Brits subscribe instead of making one-off purchases. Subscriptions are growing 4x quicker than US retail brands.via the TL;DR App

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Written by yaroslav | PMM at MacPaw. Co-founder at Growth Marketing Stage & ConfidenceCONF.
Published by HackerNoon on 2019/11/25