That subscription cost also includes 1TB of OneDrive file storage, which you don't get with the perpetual licence. The subscription automatically includes Publisher and Access (which is only available in the perpetual model if you upgrade to the most expensive 'Professional' tier). If you get the 365 subscription that can be shared with up to 5 other people, then it becomes significantly cheaper to go with the subscription model (even if you only end up sharing with 1 other person). Not the person you were conversing with, but there are several advantages, depending on your use-case:
Also, if release cycle is 3 years, and the subscription for 3 years costs are equal to standalone version.
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