The subscription economy is rising worldwide, fuelled by the growth in the digital economy and changing buying preferences from ownership to usership. For the first time since its inception in 2012, Zuora’s SEI (Subscription Economy Index) growth rate reached 437% in 2021.
A subscription economy is a model for the trade of desired content, products and services in exchange for recurring, scheduled payments, and this growth is also being anticipated in APAC.
A study by Citi’s Treasury and Trade Solutions with Longitude found that:
- 46% of C-suite executives polled believed that subscription-based models will be widespread...