With a more convenient option such as streaming, all the benefits that CD provided over vinyl became meaningless, as streaming/file storage beat it in every aspect. But vinyl still stayed, as it provides something that neither CDs nor streaming/digital file storage can provide. So as CDs got wiped as a medium, vinyl rose back.
I have observed a similar situation in a completely different industry too. More specifically, with book stores. Before big bookstore chains, we had a lot of independent small book stores (following my earlier analogy, the vinyl). Big chain book stores started appearing and dominating, such as Barnes&Noble (the CD), squeezing out smaller independent book stores. Then came Amazon (the streaming/digital file storage, still following my earlier analogy with music), wiped the floor with the in-betweener medium (Barnes&Noble), and the number of small independent book stores (vinyl) has increased over that entire time period as the in-betweener got wiped. For specific numbers, the number of small independent book stores in the US has increased by about 50% over the past decade (from around 1,600 to 2,500)[0].
Unlike with the in-betweener formats, the original ones will always have something to provide that the future iteration of a "more advanced format" (CD=>streaming) won't be able to provide. And with this in mind, I am happy, as it indicates that physical books and vinyls will be here to stay (albeit not for mainstream usage, but as personal preference pieces for enthusiasts). This isn't some hard rule that is guaranteed to be the case forever, but the current numbers and observations seem to support the idea that this trend will likely last for quite a long time, beyond lifetimes of people currently alive. That's just a pure guess based on the gut feeling.
0. https://www.forbes.com/sites/pamdanziger/2020/02/12/how-indi...