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Revenera Research Shows 70 Percent of Software Suppliers Collect Usage Data, But Only 26 Percent Believe They Do it Well
"Revenera says that simply collecting data isn’t enough. Leading companies automate the process and access to the data to get the best possible results out of their usage insights."
Software companies plan on switching to subscription models in the next 18 months in hopes for a better revenue
"More than half of the companies in the software industry are planning on moving to subscription models in the next year or so."
Businesses to move to a subscription-based model by 2023
“A study by Revenera showed that 51% of businesses use subscription or perpetual licensing. It was also stated that subscription and usage-based models will record the strongest growth in the next 18 months. Many organizations are looking to change their models in order to access new markets as well as create a recurring revenue stream.”
Revenera Monetization Monitor Research Finds That 79 Percent Of Software Suppliers Will Collect Usage Data by 2023
"Part of an annual series, this report identifies best practices for collecting and analyzing software usage data, as demonstrated by the 26 percent of respondents who report the ability to collect this very well (a number that jumps to 38 percent for suppliers using a commercial software usage analytics solution).”