Recurring revenue models are quickly gaining popularity in a number of
different industries, and it’s no surprise considering the annual recurring
revenue opportunity for business is predicted to be $500B or more. While
telecommunications was the first major industry to adopt recurring revenue
models, research shows information technology and entertainment are among the
industries increasingly making the move. According to Ventana Research, IT
has seen a rise because a growing number of companies offer services through
cloud computing, and the entertainment industry has embraced the “sharing
economy” with subscription services for movies, music, and more.
Nearly half of U.S. businesses today have already adopted or are considering
adopting recurring revenue models. And not only are companies investing in
this type of services for their customers; they also prefer to ... (more)
A New Way of Thinking with Recurring Revenue
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Today’s most successful brands have switched focus from managing sales
transactions to managing customer experiences with the goal of maximizing the
lifetime value of each relationship. In an environment where customers have
increasing control over the relationships with companies they do business
with, managing every moment of the customer experience is crucial to a
successful recurring revenue business.
Customers want what they want, how they want it, and when they want it. The
businesses t... (more)
Nickelodeon - The Newest Brand to Embrace the Move to Recurring Revenue
Can’t get enough of SpongeBob SquarePants? You’re in luck! Soon you’ll
be able to watch your favorite show on demand.
Nickelodeon owner Viacom recently announced its plan to offer a stand-alone
Internet offering that focuses on mobile viewers for the popular cable
channel. Full details and offerings for the plan, which launches in March,
haven’t been released yet so it’s still unclear how much subscribers
will pay and if they will get the same services as cable and satellite TV
subscribers or access to supple... (more)
By Sean Kirk
According to several recent studies, consumers are still very much on the
fence about the Internet of Things. Before they’ll give IoT a thumbs up,
these studies say, companies will need to earn their trust and offer more
steak and less sizzle in their IoT offerings.
While visiting my sister’s family in the Midwest over Christmas, I
encountered two IoT moments I found revealing. The first showed IoT’s
darker side. While we were walking, my millennial generation niece received a
GPS-triggered message on her iPhone from an establishment nearby. The promo
was apparentl... (more)
By Marie Martin
Some don’t know but “yes” there is a past for the Internet of Things.
What’s really interesting is what the future looks like. Just imagine the
Internet of Things in the year 2025. Can you?
Marie Martin
The post The Internet of Things: Our Homes in 2025 [Infographic] appeared
first on Recurring Revenue Blog | Aria Systems.
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The Aria blog is the place for news, commentary and discussion on monetization, agile billing and IoT. We cover a variety of topics including forces of market disruption, the Monetization of IoT, billing best practices, trending news and what monetization will look like in the future. Our hope is that you’ll become better informed, be entertained and in turn share your thinking, ideas and comments.
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