7 Numbers to Know About the Subscription Economy
We all know that subscriptions seem to be all anyone is talking about, but where is this actually heading?
- 💸 Digital subscriptions expected to double to $1.5T USD by 2025
- 🗺 The US consumes 53% of all digital subscriptions
- 🛍 e-commerce subscriptions are the #1 category, expected to grow 63% over 5-years to $478B USD
- 👩💻 SaaS is the next largest category, expected to double to $307B USD
- 📱 Mobile app spending continues to grow to $270B USD
- 📺 Streaming services set to hit $155B USD with over 1.1 billion SVOD subscribers
- 📈 The business of running a subscription business is booming at $10.5B USD, with over 100 SaaS companies listed on G2
More information including links to reports available here 👇:
https://www.namiml.com/blog/7-numbers-to-know-about-the-global-subscription-economy
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Was eagerly thinking of any numbers related to the subscription industry and tada.. your post! :)
Thanks for the share buddy.
Thanks for sharing - the subscription economy continues to grow indefinitely.
Im working my backside off to build my bootstrapped tech startup and get a slice of the pie... even if it's the tiniest of percentages, that will do for me and Contapp.
However, it's a lot easier said than done, even if your platform is superior to those that have been in the app stores for 10+ years.
Any tips to drive traffic to the app store, preferably organic?
The folks over at AppFigures have a bunch of really good content on this.
In particular, they've got some App Store Optimization Guides:
https://appfigures.com/resources/guides
And they also do a teardown series looking at specific apps and showing what they are doing right and wrong:
https://appfigures.com/resources/app-teardowns
Thanks a lot, I have an AppFigures account, so i'll check that out!
Thanks for sharing! :)