Volume-based licensing is a model where the cost of the software is based on the number of licenses purchased1. This model is commonly used for software that is installed on a specific number of devices, such as antivirus software or office productivity suites1. Therefore, the number of machines is the most important factor when considering licensing costs in this model. References: CompTIA Cloud+ CV0-003 Exam Objectives, Objective 1.2: Given a scenario, compare and contrast various cloud service models ; Cloud+ Exam CV0-003: CompTIA Cloud+ Licensing Models1