What is the difference between the demo (free trial) version and the paid version of DxO PhotoLab?

This information applies to version(s): 1, 2, 3, 4, 5

The demo version DxO PhotoLab is a fully functional version of the ELITE edition offered for a 30-day trial.

When the trial period is over, the software still functions, but all output images will contain a watermark.