What does software subscription means?

Software subscription refers to a licensing model where users pay a recurring fee, typically monthly or annually, to access and use software rather than purchasing a one-time license. This model often includes benefits such as regular updates, customer support, and access to new features. It allows for more flexible budgeting and can be more cost-effective for businesses that need to scale usage up or down. Examples include cloud-based applications like Microsoft 365 and Adobe Creative Cloud.