SaaS Model, Examples and Key Features
The developments in the cloud based technology has led to the evolution of many innovative applications. SaaS model is one such revolutionary framework that has forced many of the on-premise software producers to adopt to this new way of software application development and its accessibility. As more and more companies move from the traditional on-premise software to a cloud based delivery of application usage, users, customers and all the stake holders of the enterprise ecosystem experience improved dramatically.
SaaS model which works basically on a subscription based on demand usage, offers its customers the flexibility, agility and the convenience of accessing it from anywhere and with any device. The enormous advantages that this cloud based solution offers, has prompted many companies to push the envelop of digital transformation and truly create an atmosphere of a cohesive collaborative work culture. While cloud technologies are redefining the way IT infrastructure services are delivered, SaaS model is enabling companies to adopt an asset light digital systems that would significantly reduce the burden on their IT teams and help them focus more on the company’s core business.
There are several examples of SaaS based software providers, that cater to a variety of needs and business functions in an enterprise environment. Some of the popular examples include Canva, Workday, Hubspot, Slack, Survey Monkey, Marketo, Zoho, QuickBooks, ADP, Asana and many more. All the more, many of these small time SaaS companies have grown to an extent that they have eroded a significant market share from the established ones. The rise of SaaS economy is mostly lead by the developments in the cloud technologies and a compelling need to have a more cost effective solution for many businesses that are looking for cheaper alternatives. The monopolistic nature of the erstwhile on-premise software's have forced many companies to adapt these cloud based based SaaS tools, which are not only accessible to a large number of small & medium enterprises, but also offer niche solutions at very affordable prices.
For a detailed comparison for SaaS versus On-Premise software and a deep understanding of how cloud technologies are reshaping the software industry, please read on: SaaS model
