Rising Trend of Subscription Model in eCommerce [2022]

The market for subscription commerce is expanding rapidly. Through it, several prosperous firms have already greatly grown. Dollar Shave Club, Blue Apron meal kits, and many other recent examples of subscription-based business models are some of the best ones.

A survey revealed that approximately 16% of eCommerce businesses in North America and Europe intended to launch subscription services in 2021, per one statistic. The number of online shoppers has even increased with the growth of eCommerce. The number of internet buyers worldwide climbed to 2.14 billion in 2021.

The market for subscriptions to on-demand material, seasonal products, or e-learning has expanded into the subscription universe. If used properly, it is one of the most widely used models and makes it easier to scale up and grow your organization.

Get in-depth knowledge on how subscription commerce operates, its types, the factors driving its popularity, how to launch a subscription business with Magento, and how to make any product a subscription-based offering with this blog.

You may learn more about the growing popularity of the subscription model in e-commerce by reading this blog.

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The online business membership model is developing at high rate with increasingly more web based business organizations currently offering membership based administrations to their purchasers.

The worldwide membership online business market size is supposed to increment from $72.91 billion of every 2021 to $120.04 billion out of 2022. What's more, it is normal to reach $904.2 billion by 2026. That is an increment of around $784 billion, contrasted with the ongoing year.