SaaS, commonly known as Software as a Service, is a popular business model in which businesses host and license their software on a subscription basis from a cloud-based server. Even though it dates back to the 1960s, now it has reached its peak.
Sixty years ago, very few organizations could afford to purchase computers and servers and manage them. They would, therefore, link their monitors to a central database where they could subscribe to the services they wanted to. All users now have to do is connect to the internet, open their web browser, and then enter the URL of the software application.
Nowadays, SaaS continues to help companies and individuals work more efficiently and by 2022 the SaaS market is expected to hit $164.29 billion, according to Transparency Market Research.Read more