Report: Subscription Economy Could Be Worth $100 Billion

A report from a company called Zuora says that the “subscription economy” is a $100 billion market for IT. The subscription economy is all about signing up for services that have a monthly or annual fee. In the consumer world, it’s how companies like Netflix, Hulu, Pandora and Spotify do business, and for enterprises, it’s common with cloud computing and software as a service vendors.

The report predicts that 20 percent of Fortune 1000 companies will adopt subscription billing by 2020. “The 20th century Era of Products is coming to an end. People are realizing they have all the stuff they need, and there’s now a chance to subscribe to services that give them the outcome they want without buying the product,” Zuora CEO and founder Tien Tzuo said. “As a result, companies in publishing, media, healthcare, airlines, security, telecommunications and manufacturing are transforming into software and services businesses and, rather than focusing on shipping more product, they are instead focused on growing and monetizing a loyal customer base.”

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin


The Latest

positive contribution tech

Technology’s Positive Contributions to Society

Technology has and continues to improve our lives. From the business world to the world of medicine, and our day-to-day lives, you can’t go a day without interacting with at least one form of technology. While some fear technology may be going too far, there are many ways in which

How to Choose From The Best Big Data Platforms in 2023

How to Choose From The Best Big Data Platforms in 2023

As big data continues to become increasingly popular in the business world, companies are always looking for better ways to process and analyze complex data. The process critically depends on the platform that manages and analyzes the data. In this article, we will provide a guide to help you choose

Why transparent code is a good idea

Why Transparent Code is a Good Idea

Code is used to make up the apps and software we use every day. From our favorite social media platforms to our online banking services, code is the framework used to build these tools that help make our lives easier. Code is complex. Software today requires large teams of programmers

The Role of WordPress Hosting in Website Speed and Performance

The Role of WordPress Hosting in Website Performance

The term “WordPress hosting” refers to a specific type of web hosting service that offers hardware and software configurations tailored to the needs of WP sites. It’s important to remember that a WP hosting package is not required to host WordPress webpages. WP web pages are also compatible with standard

Data Privacy vs. Data Security: What you Should Know

Data Privacy vs. Data Security: What you Should Know

Data privacy and data security are often used interchangeably, but they are two completely different things. It’s important to understand the difference for anyone who handles sensitive information, such as personal data or financial records. In this article, we’ll take a closer look at data privacy vs. data security. We’ll