I am having a bit of trouble coming up with an appropriate term for software that is locally installed, and fully owned by the buyer. This would be the opposite of the term “software as a service”, which usually refers to a software service that is rented and most often installed outside the organisation (e.g. Cloud software). Would you have any suggestions?
“Local installation” is what comes to mind first, but it doesn’t quite fit the bill here since it doesn’t indicate the ownership explicitly.
That would be software as a product. Here is the explanation:
The traditional model of software distribution, in which software is purchased for and installed on personal computers, is sometimes referred to as software as a product.