SaaS

What is SaaS?

Software as a Service -- is a software that you can access via your Internet browser without the need to download it onto your computer, laptop or smartphone.

Why You Should Choose SaaS over Traditional or Licensed Software? Advantages

1)Low Cost: One of the major benefits of SaaS is its operational costs

2)Easy to Use: SaaS apps are easy to use. You only need to access the SaaS website or app and log in to your personalized dashboard

3)Offers Easy Integration with Other Software: Almost all SaaS providers offer easy integration with other software. For example, if you use HubSpot and wish to connect Salesforce.

4)Lots of Customization Available: SaaS is not a one-size-fits-all software. Instead, they offer lots of customizations, and you can choose your own set of features and integrations

5)Eliminates Workload of Upgrades: SaaS removes the need for manual upgrades and messy updates. All the updates automatically happen in the server and are taken care of by the SaaS company.

6)Flexible Pricing: SaaS offers flexible pricing options for every business, large and small, depending on their exact needs

Top SaaS Stats, Trends and Forecasts

Top Trends About SaaS

80 % Business Uses at least One SaaS application
A survey by Finances Online suggests that about 86% of companies will be running entirely on SaaS by 2023:
Enterprise SaaS revenue crossed the $100 billion-mark in 2019 and is growing at an average rate of 30% per annum.
The usage-based pricing model (aka “pay as you go”) is on the rise and is quickly becoming the most preferred pricing offer for SaaS companies.
93% of C-suite executives are adopting or planning to adopt cloud SaaS.
70% of CIOs are attracted to cloud-based SaaS for its agility and scalability.
38% of companies adopt cloud-based systems to enhance disaster recovery.

How SaaS Differs from Traditional Software

SaaS

SaaS model requires a fee to be paid on a recurring basis. Most SaaS companies offer a seven-day or a one-month free trial to all users before the payment is charged.
SaaS software, there is no need to install anything on your computer or laptop, as the software runs on a cloud server.
SaaS offers automatic software updates that need no actions taken from the user.
Multiple users can use SaaS software at a time
SaaS offers better security, and there is no need for data backups.
SaaS company takes care of the maintenance costs of running the software, which cuts down a significant chunk of expenses, making SaaS software cost effective and user friendly.
SaaS software can be accessed from any desktop computer, laptop, tablet or mobile phone.

Traditional Software

Traditional software, a one-time fee is charged where the buyer pays a fixed amount in advance before purchasing the software.
Traditional software runs on a computer or laptop and requires the software to be installed before the application can begin functioning.
frequent updates are needed with the traditional software model (which can be annoying!).
Only a single (or a couple) user can use traditional software, which often requires user training to get started
Traditional software relies on the protection of your system's antivirus, and you need to make regular backups of your important data.
Traditional software requires a single software for every computer, with extra maintenance costs borne by the person or the company using the software, making traditional software more costly.
Traditional software, on the other hand, can be used only from a single system on which the software is installed.

Example of saas Product

G-Suit (Google)
Netflix
HubSpot
Salesforce
Amazon Prime
Slack
WhatsApp
ServiceNow
Shopify
Mailchimp

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