The subscription model has significantly impacted the retail industry by shifting the focus from product to the individual customer. It has led to the transformation of brick-and-mortar retail, with a focus on enhancing customers' online experience and using the data obtained from this to inform the stocking of physical stores. Industries such as news, media, and automotive have also benefited from the subscription model, with online subscriptions, on-demand streaming, and car subscriptions respectively. Even industries like construction supplies are moving towards a subscription model with the advent of the Internet of Things. The model is also being used in sectors like healthcare, government, and utilities.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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