Putting some light on the SaaS concept!
SaaS is the acronym for Software as a Service. It’s a technique of software delivery that lends value to your business by conveying over a network, the remotely hosted applications, whether from a vendor or a service provider.
What most SaaS providers do is furnish the facility of usage-based subscription which can be purchased both on a monthly or yearly basis. Companies are swiftly switching to SaaS nowadays, for it helps them to remain free of maintaining hardware and other resources, which otherwise they would have required to do. To better infer what SaaS is, you may know that File-sharing services like Dropbox, Email platforms such as Gmail, and Document processing software such as Microsoft Office 365, are all SaaS applications.
What’s the SaaS Market looking like!
With SaaS offering businesses a lot of benefits in terms of speed, cost-effectiveness, simplicity, user accessibility, security, and ceaseless connectivity… the SaaS market would definitely have a bright future. To present facts, it could be rightly noted that, the global SaaS market is forecasted to achieve tremendous growth at a CAGR of 11.7% during the 2020-26 time period, as per the recent studies carried out by the recognized institutes. Being infused with AI technology, in recent times, along with the increased demand for smartphones, tablets, and laptops, high scale adoption of public and hybrid cloud, and sprawling corporate outsourcing, the SaaS is driven towards a far-reaching growth in the near future.
Financial Benefits with SaaS!
SaaS is taking over the cloud computing domain with its potential to bestow businesses with economical merits! The major purpose of SaaS speaks for its merits… SaaS is purported to let organizations withdraw from the heavy investment with regards to infrastructure, logistics, and manpower by providing a feasible option to the on-premise installation. This further advocates for mitigating the expenses like that of hardware acquisition, provisioning, maintenance, in addition to software licensing, installation, and support. Discover below some of the financial benefits that you receive with SaaS:
No Configuration Costs:
With no need for hardware acquisition and installation, the companies are saved from any cost of configuration. In case, if some sort of configuration is required then too it comes to be in a very low value.
The SaaS setup is comparatively easier to the installing of internal IT solutions of varied kinds. Hence, you’re able to pick up your work in a very short time gap after the SaaS is acquired.
No Support Costs:
For SaaS services, you often have support in terms of calling a toll-free number, or assistance through chatbots or messaging, and likewise, hence no need to shell extra pennies for support after final installation.
SaaS services come with the updates included. So, whenever there are any release changes or related updates, they happen automatically and without any additional payment required to be made.
No Staff and Adjustment Costs:
You are saved from staff costs and adjustment costs with SaaS, which otherwise you have to pay to the external service providers and the consultants.
You also receive some financial benefits in respect of negligible external customization costs, and no system maintenance costs pertaining to the monthly and yearly maintenance contracts already made with the service providers. These benefits keep on mushrooming further with the advancements happening in SaaS.
Additional Benefits with SaaS!
This list of benefits is not restricted to the financial aspect, but there are a few other substantial benefits that SaaS stands to offer your venture. Find out here:
Accessibility to Futuristic Applications:
With SaaS, you can receive even the most advanced applications like ERP and CRM at affordable cost, no matter if you lack the resources to purchase, deploy or manage the required infrastructure and software.
Pay for what you use:
As the title suggests, you only have to pay for how much you use, that is to say, the SaaS automatically ascends and descends given the usage proportion.
Free Client Software:
With SaaS, you get the benefit of running most applications straight from your web browser. This means you are never required to purchase, download, or install any special software, even though you might require to avail of a few plugins for some apps.
Easy Workforce Mobilization:
SaaS provides you with the capability to stay free from the development of apps for different systems, and devices for it being the job of the service provider. Your employees can access SaaS apps and related data from any internet-connected computer or mobile device.
Versatile Data Access:
When you work with SaaS, all the data gets stored on the Cloud, hence you can access your information anytime, anywhere, and even in situations where your computer or device fails.
SaaS and its major industries!
Industries at an increasing base are witnessing a worthy transformation by the adoption of SaaS. On one side, where the Engineering sector is utilizing SaaS to eliminate the possibility of conflicts while using the resources, on the other hand, the Banking and Finance sector is employing SaaS to automate many of their tasks especially that of data analysis. Not only this, there are many other industries such as Education, Government, and more that are actively resorting to SaaS and deriving ample benefits from it.
Your roadmap to benefits…
SaaS serves to streamline business models for imparting optimum efficiency across the board. Engage in SaaS Development services and get hold of ample offerings in terms of SaaS Product Conceptualization, SaaS Application Optimization, SaaS Development Consulting, and others. Whether you deal in the B2B, B2C, or B2B2C domain of businesses and startups, SaaS has a great amount of scope for business enhancement to offer you. To experience the highpoints of robust, reliable, and scalable solutions built with avant-garde technology, simply connect with Teksun’s tech mavens!