Whether we like it or not, our lives are becoming increasingly digital. As a result, our dependency on software is growing by the day. No wonder both consumers and businesses are increasingly looking at how to save money on software. Meanwhile, software companies are reaping the rewards of this burgeoning market (expected to be worth $650bn by 2025). Make no mistake, the software market is growing at a rate of knots and that’s partly thanks to the rise of subscriptions.
Years ago, you could buy a perpetual license for a piece of software and own it forever. If you wanted to upgrade to a new version, that was up to you. Nowadays, most modern software providers don’t offer lifetime licenses at all. Subscriptions are the new, preferred billing model for which to sell software. This is the new age of “software as a service” (SaaS), pioneered by the likes of Adobe about a decade ago now.
SaaS has become the new norm and, with it, both consumers’ and businesses’ software spends have increased. But are there ways to cut your software costs?