We now officially live in a subscription economy… and it’s worth trillions of dollars. The global live streaming market is predicted to hit $247 billion by 2027 …By the end of next year, IDC expects that 53% of all software revenue will come through subscription models.
The idea of recurring revenue has been around a long time, but the past three years have seen it become a huge megatrend. When you apply it to the auto industry, you could get a serious disruptor of our views of car ownership. Just like Adobe made it possible for so many more people to use its high-end software packages, so might car subscription services make it that much easier for people to drive a car–or a second (or third) vehicle. When you add in the EV element and its soaring demand, you get what we think is one of the best innovators in this tech-driven field: Facedrive #autos #industries #autoindustry #auto #economy #livestreaming #trend #subscription #ownership #industrial #market #streaming #carownership #subscriptioneconomy