The concept of Software as a Service
SaaS stands for Software as a Service that a company uses software to provide customers with a service. In this model, SaaS companies host and maintain the servers, databases, and the code that makes up an application. With SaaS model, the user does not pay for the software itself. Instead, it works like a rental. They have the authorization to use it for a period of time and pay for the software that they are using. As SaaS continues to help businesses and individuals work more efficiently, the world has taken notice. By 2022, the SaaS market is expected to reach $164.29 billion, according to Transparency Market Research.
Benefit of SAAS
Benefit of SAAS
SaaS can provide great advantages for most businesses, primarily in costs and flexibility.
Lower up-front cost
SaaS is generally subscription-based and has no up-front licence fees resulting in lower initial costs. The SaaS provider manages the IT infrastructure that is running the software, which brings down fees for hardware and software maintenance.
Set up and deployment
SaaS application is already installed and configured in the cloud. This minimises common delays resulting from often lengthy traditional software deployment.
The SaaS providers deal with hardware and software updates, deploying upgrades centrally to the hosted applications and removing this workload and responsibility from you.
All you need to access a SaaS application is a browser and an internet connection. This is generally available on a wide range of devices and from anywhere in the world, making SaaS more accessible than the traditional business software installation.
SaaS providers generally offer many subscription options and flexibility to change subscriptions as and when needed, eg when your business grows, or more users need to access the service.
SaaS is continuing to evolve, and will continue to have an impact on how the average business operates. The notion of subscription-based, cloud-accessible applications is unlikely to vanish anytime soon.
As SaaS businesses begin to solve the problems they have with fragmentation and difficulties with integration, the market for these tools will only widen.