Software as a service, also popularly known as SaaS is a software distribution setup. It is hosted over the cloud and made available to everyone over the internet. While usually, the software vendor onboards a third-party cloud provider, however big industry players play both the role alone such as Google, Microsoft, Adobe, or Amazon.
SaaS products are not limited to B2B use only. Popular products like Netflix or Spotify are often available to the single consumer which is also categorized as SaaS. The SaaS market is growing rapidly as more and more services are available virtually. The market for SaaS products is estimated to hit $200 billion by 2024.
We are already existing in SaaS fuelled environment. There are many advantages to SaaS solutions compared to other forms of service modules. Here are some benefits:
SaaS is a soft solution ensuring complete scalability. It will allow you to meet the ever-changing needs of your gig without any downtime. It can accommodate newer upgrades and features over time to support a growing business.
SaaS eliminates the need for hardware in your business. As a cloud-hosted solution, the vendor remotely maintained the servers and the databases and launches any upgrades that are required.
As SaaS is not bound by any hardware setup, the solution immediately becomes remote-friendly. SaaS can be accessed on the go from anywhere, anytime. This is as simple as accessing Netflix from any place, anytime as long as you have internet access.