We can define the lifecycle of a digital product in five steps.
The following phases typically make up a digital product's lifecycle:
A. Introduction: The product is introduced to the public or made accessible to users.
B. Growth: With frequent updates and enhancements, user adoption and market penetration rise.
C. Product maturity: At this point, the product is stable, has a sizable user base, and undergoes a few significant changes.
D. Decline: User interest and market demand fall off, possibly as a result of rivalry or technological development.
E. End of life: The product is discarded or swapped out for newer models.