Over the past years, producers and manufacturers have been focusing on selling their products in one-time transactions. This is what we now call the linear economy.
Manufacturers still own the product and thus the residual value, they have influence on the design and can take design into consideration to make products easier to refurbish and thus give them a second life.
Some of the industries that are taking huge advantage of the PaaS model are especially companies that manufacture products.
Flexibility to pay/upgrade their payment options every month. More customer support and loyalty. Lower upfront costs to buy a product. The possibility of getting renewed products once their subscription is over.