Software as a Service or SaaS will be used by 78% of companies by the end of the year.

Cloud computing allows any business to take advantage of online apps without the need to install them. The result is a 94% uptake of SaaS services by technology professionals and a spending increase of forty-four percent.

But what is Software as a Service? And how can it benefit your business?

This article explains what SaaS is and how it differs from traditional software.

We highlight its benefits and examine SaaS pricing models. You’ll also discover how to invest in this fast-growing technology.

Read on to learn everything you need to know about Software as a Service.

What Is SaaS?

Software as a Service (SaaS) lets you access quality applications via the Internet/Cloud.

Gone are the days of having to download and install software onto your computer. Instead, SaaS uses your web browser to access apps on any device.

The technology is robust enough to offer an excellent user experience (UX) while also offering some premium benefits.

Benefits of SaaS

Unlike traditional CDs or installable files, SaaS offers a simple solution to accessing software. Benefits include:

  • Accessibility – works on any Internet-enabled device, from laptops to mobile phones
  • Compatibility – operating systems no longer matter as SaaS is platform-independent
  • Less investment – no expensive hardware needed, just an Internet connection
  • Automatic backups – SaaS automatically saves your work and backs-up data securely to the Cloud

One huge advantage of SaaS is its lower prices compared to previous software distribution platforms.

Because of the smaller overheads, vendors pass on those savings to customers. Instead of spending thousands of dollars for multiple licenses, you can achieve better results for a fraction of the price.

Software as a Service Examples

SaaS covers a wide spectrum including apps traditionally confined to high-powered computers.

Lumen5 offers video creation for social media. The AI technology uses a drag-and-drop interface to create movies within your browser.

Dropbox and Evernote are well-known SaaS examples that provide Cloud-based storage and note-taking. Businesses the world-over use them to store files and share information with staff and suppliers.

SaaS Model for Business Investment

Your business can benefit from the benefits of SaaS but why stop there?

The SaaS industry expects to generate $141 billion over the next two years. You can invest in a growth of 13% per annum if you act now.

Revenue from these services comes through various subscription models including:

  • Flat-rate pricing
  • Usage-based pricing
  • Tiered-pricing

And many more! The key is to research your competition, the type of SaaS service you want to invest in, and the pricing model.

Learn some secrets and take advantage of this industry while it’s still in its infancy. Select the right SaaS service and you could become the next Salesforce.com!

Software as a Service and More at BTM

On-demand software as a service lets your business access a range of applications online.

From CMS apps to operating systems, you can harness the power of the Internet to tap into a full range of services. The smart business owner not only benefits from SaaS but should consider buying into this expanding marketplace.

Read more about the SaaS model in our technology section.

You can also browse our business category for advice on using IT to save and make you money. And don’t forget to bookmark our site for information on SEO and financial news.