Not necessarily in the EU. European courts have ruled that software is sold as a good, not a service. EU citizens own the software they buy. Not the IP - you are still not free to make copies as you please - but you can use this property indefinitely. Companies try to weasel around this with US-style EULAs, pretending it is not actually a sale. But it is a sale, if there is a one-time payment and no specified end date, and companies like Microsoft and Adobe have found their EULAs to be legally non-binding in the EU, e.g. when they tried to prevent people from re-selling their software.
Companies do not have to provide updates forever, though. If my Windows becomes practically useless after X years because of unfixed security issues and 3rd party software assuming a more modern OS, then I'm out of luck. But I'm still free to mess around with my rusty Windows, Microsoft is not allowed to lock me out of it.