Product as a service blog

solar power as a service
Report

Solar Power as a Service

Companies like Tesla offer solar power as a service via a subscription scheme. Renting without long-term contracts make environment-friendly energy more accessible to average homeowners.

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Software as a Service
News

Software as a Service: The WHYs and the WHOs

Software as a Service (SaaS) is a cloud-based software application that users access via the internet. It is cloud-based and users no longer have to purchase expensive software nor download them to their desktop, laptop, or computer network after a costly one-time purchase. The software application could be anything from a gaming software to a business application.

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heating as a service
Report

Heating as a Service: Japan ahead of its time

To rent or lease heaters is now a thing, especially in Japan where heating as a service has become commonplace. The business of renting out heaters was introduced by a Japanese company in 2001. Since then, the company has continued the approach of selling a service, aside from just selling heating appliances. This business practice is now called “product as a service” or PaaS.

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IKEA Furniture as a Service
Case study

IKEA offers Furniture as a Service

IKEA plans to roll out a Product as a Service business model wherein clients can rent Furniture as a Service instead of purchasing fixtures. It’s a bid that appeals to a younger clientele and everyone who is concerned about the cost of ownership when furnishing a home or office. It is also a move towards a circular economy that involves returning old furniture to IKEA for refurbishing and re-selling.

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