Microsoft has announced that it would be releasing the next installment of Office later this year.
In the update, Microsoft Office 2021 will be both available for Windows (32-bit and 64-bit) and macOS devices. Unlike the subscription-based Office 365, where you need to pay every year for you to have Office, this time it would be a pay-once-and-have-for-life-office suite.
Other than it would be receiving a Dark Mode, Dynamic Arrays, and XLOOKUP for Excel, there were no other details that were revealed for Office 2021.
The Office 2021 and Office LTSC (long-term servicing channel) for businesses will be both supported for five years instead of the up-until-now 7 years. A 10% price increase will be made for all Office Professional Plus and Standard along with its individual apps and will remain the same for the rest.