Among all subscription-based businesses it is ones that front IoT (Internet-of-Things) that are growing the fastest at 25% against an industry average of 21%. This data has been provided by Zuoro, which itself follows a subscription-based model. It is a, SaaS (Software as a Service). Zuoro publishes its Subscription Economy Index (SEI) which tracks enormous amount of data to provide business intelligence on the entire model. Such companies are growing five times faster than those named on the S&P 500 list. For B2C companies working with this model, the key metric to gauge is net user growth. McKinsey has provided an interesting conundrum. It says that a minimum 20% yearly growth is needed under this fast-growing model, else there are strong chances of failure up to 92%.

Source:https://internetofbusiness.com/subscription-iot-businesses-grow-revenues-by-25-percent-says-zuora/

Uploaded Date:27 September 2018