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7 Unbelievable Benefits About Choosing Software As A Service

Everything you need to know about Software as a Service development (from planning to design, building, testing, deploying, and managing).

Application Development for SaaS

Software-as-a-Service (SaaS) is a licensing and delivery model for software that substitutes the traditional software paradigm of selling a product or service just once.

Because it provides recurring revenue in a monthly or annual subscription payment, the SaaS business model is popular.

Major corporations are pouring money into their SaaS platform development teams to reap the economic benefits of

SaaS-based platforms.

Many additional issues arise from SaaS development, such as knowing cloud technology and how to provide quality service at scale to consumers without requiring significant downtime to offer fixes and upgrades.

Throughout this book, we’ll cover all of these aspects of the SaaS application development process.

Let’s start with some of the reasons why you should consider developing SaaS applications.

Why SaaS?

  • Because of the numerous advantages that SaaS-based software provides, its popularity is steadily growing.
  • If your company is considering developing software, a SaaS solution may be the best alternative.
  • An existing software company can sometimes be transformed into a SaaS model without disturbing its current customer base.
  • As you may know, SaaS apps are hosted in the cloud and do not require installation, with the software firm handling upgrades and maintenance.
  • The software as a service (SaaS) is not offered with a perpetual license; instead, it is given to customers on a subscription basis.
  • When comparing SaaS and online applications, there is usually some ambiguity. Software as a service (SaaS) is a more precise concept and methodology for licensing and delivering software.
  • Any application that can be accessed using a web interface is referred to as a web application.
  • Using cloud-based technologies and storage, anyone may design SaaS apps on a shoestring budget.

Let’s talk about the present situation of the SaaS sector now that we’ve explored why you might pick SaaS.

The State of SaaS

SaaS solutions are here to stay due to their ease of use and affordability. The cloud computing sector as a whole has exploded in popularity, with Gartner forecasting an 18 percent increase in global public cloud end-user spending in 2021.

The most extensive section of this market, SaaS, is expected to reach $117.7 billion by 2021.

As the industry develops and evolves, there are several rising SaaS trends to keep an eye on.

Let’s take a closer look at these trends:

Product-led growth: Product-led SaaS companies often offer a free trial, or freemium revenue model, that allows users to try out their product to keep them after the trial period is over. Customers will gladly upgrade to the paid version if they believe the service is valuable enough.

Micro SaaS is becoming increasingly popular. Companies identify a specific problem in a narrow market and fix it with the fewest resources possible. Card, for example, is a tiny SaaS startup that allows customers to build free, completely responsive one-page websites.

Low-code tools: Low-code platforms provide users with a development environment to use a graphical user interface to generate software and new components (such as drag-and-drop functionality). This is the polar opposite of how sophisticated code is traditionally written.

Collaboration tools (SaaS) have exploded in popularity as remote work has become the norm. Slack, Zoom, and Confluence have become indispensable for firms that operate entirely online. As more businesses adopt remote work, this tendency is expected to continue.

Latest IPOs

  • In recent months, there has been a slew of high-profile SaaS IPOs. 16 SaaS firms went public in the second half of 2020. Unity, Asana, and Snowflake are some examples.
  • The number of SaaS IPOs, as well as the amount of money they receive, has skyrocketed. In the last 12 years, SaaS IPOs have more than doubled, with IPO offerings increasing by around 40%.

Consider Some Of The Saas Model’s Benefits

Because it is entirely cloud-based, SaaS can deliver significant cost reductions. This means you pay for what you need in terms of data and bandwidth, and you don’t have to invest in your costly server network.

Application deployment has never been easier due to speed and accessibility. Cloud apps can be deployed more quickly, lowering the time-to-market for your product or service. Customers can use any internet-connected device to access your service.

1. Faster Benefit Time

The software is installed and configured, unlike the traditional model. You can provision a server for a cloud instance in a few hours and start using the application. This reduces installation and configuration time and can help with software deployment issues.

2. Low-Cost

Because SaaS is usually shared or multi-tenant, the hardware and software license costs are lower than the traditional model.

Another benefit is that SaaS allows small and medium businesses to use software that would otherwise be out of reach due to high licensing costs.

Because the SaaS provider owns the environment, maintenance costs are shared among all customers.

3. SCALABILITY 

Most SaaS solutions are hosted in scalable cloud environments with multiple SaaS integrations. Unlike the traditional model, you don’t need new software. Now you need to enable a new SaaS offering, and the SaaS provider will handle server capacity planning. You’ll also be able to scale your SaaS use up or down based on your needs.

4. New releases (upgrades)

By upgrading SaaS, the service provider makes it available to their customers. Upgrades and new releases are cheaper and more accessible than buying and installing an upgrade package (or paying for specialized services to get the environment upgraded).

5. Convenient use and proof-of-concept

SaaS products are simple to use because they include best practices and samples. Users can do proof-of-concept and test new software features ahead of time. You can also migrate between multiple instances with different versions. Even large environments can use SaaS to try out the software before buying it. 

Conclusion: SaaS is an amazing platform that solves critical business needs of clients.

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