Microsoft has confirmed that a new standalone version of Microsoft Office for both Windows and Mac will be released for the consumers in the second half of 2021. As that will come with a perpetual license, you won't need to pay any subscription charges other than a one-time purchase fee.
Along with the announcement, Microsoft also announced the next versions of Exchange Server, SharePoint Server, Skype for Business Server, and Project Server, which will also be available in 2021 H2. Continue reading to know more.