Product-as-a-Service (PaaS) is a business model that involves selling the use of a product rather than the product itself. It is a key strategy in the circular economy that promotes resource efficiency and reduces waste. This presentation will explore the role of PaaS in the circular economy technical cycle.
What is Product-as-a-Service?
Product-as-a-Service is a business model that allows customers to access and use a product without owning it. Under this model, the company retains ownership of the product and is responsible for its maintenance, repair, and end-of-life management.