What does the term "on-premise software" refer to?

The term "on-premise software" specifically refers to software that is installed and operated on local servers or personal computers within an organization's facilities. This means the organization has full control over the software and its environment, including storage, security, and updates. On-premise solutions can be customized to meet specific organizational needs and do not rely on external internet access to operate, although they may connect to the internet for certain functionalities or updates.

In contrast, the other options describe different types of software deployment models. Managed cloud software, for example, operates in remote locations and is maintained by service providers. Publicly accessible software applications refer to programs that are provided over the internet and are available to a wide audience, which is distinct from the more controlled environment of on-premise software. Lastly, software that requires internet connectivity typically belongs to the realm of cloud applications or SaaS (Software as a Service), which stands in contrast to the local approach of on-premise installations.