Service subscriptions are agreements where customers pay a recurring fee to access a specific service or product. This model is common in various industries, including streaming services, software, and food delivery. Subscribers typically enjoy benefits like convenience, regular updates, or exclusive content. These subscriptions can be monthly, quarterly, or annual, allowing flexibility for users. Many companies offer free trials to attract new customers, enabling them to experience the service before committing. Overall, service subscriptions provide a predictable revenue stream for businesses while offering consumers ongoing access to desired services.