Software as a Service (SaaS) is considered as the most thriving branch on the IT market. Analysts from Forrester Research estimated the average market value growth at 56.2% annually and forecast that it will continue to burgeon by 2020 at a speed of 18.9% per year. It does not shock anyone that the SaaS is growing quickly. This type of business model has plenty of advantages that attract new entrepreneurs to follow the very software distribution model. Then again, organizations are all the more eager to pick SaaS over on-premises applications, as it is more gainful and secure arrangement.
What is SaaS?
Software as a service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet. SaaS is one of three fundamental classes of distributed computing, close by infrastructure as a service (IaaS) and platform as a service (PaaS).
It eliminates the need for an organization to install and run applications on their devices. This reduces the expense of hardware purchasing, installing and maintenance; as well as software licensing, installation and support.
Benefits of SaaS
- Pay Per Use: With Saas, you pay for what you need, without worrying to purchase hardware to host your new applications. Instead of arranging internal resources to install the software, the vendor provides APIs and performs much of the work to get their software working for you. The time to a working solution can drop from months in the traditional model to weeks, days or hours with the SaaS model. In some businesses, IT wants nothing to do with installing and running a sales app. In the case of funding software and its implementation, this can be a make-or-break issue for the sales and marketing budget, so the lower cost really makes the difference.
- Automatic updates: Rather than purchasing new programming, clients can depend on a SaaS supplier to consequently perform updates and fix administration.
- Eliminates waste of time: Entirely customizable and configurable, SaaS will deliver exactly what your business requires. This eliminates excessive software and disarray as well as streamlines your workforce by saving time.
- Scalability: Additional storage or services can be accessed on demand without needing to install new hardware and software.
- Work from anywhere: Since the software is hosted on the cloud server and accessible over the internet, users can access it via mobile devices where they are connected. This includes checking customer order histories prior to a sales call as well as having access to the real time data and real time order while talking to the customers.