Software as a Service (SaaS) is a software distribution model that provides access to software applications over the internet. In recent years, this model has gained tremendous popularity, with many businesses taking advantage of its cost-efficiency and flexibility. Is SaaS still on the rise? The answer is a definitive yes. According to a report from Grand View Research, the SaaS market is projected to reach a whopping $106 billion by the year 2027, representing an impressive growth rate of 16.5 percent from 2020-2027. This means that companies of all sizes can reap the rewards of this expanding trend and make […]
Why SaaS is so popular?
Software as a Service (SaaS) is becoming increasingly popular amongst organizations as a delivery model for software. Projections suggest that the SaaS market will swell to a value of $85.1 billion by the end of 2020. The following article outlines the reasons for this growing popularity. SaaS is a form of software delivery in which applications are hosted by a vendor and made available to customers through the internet. It is subscription-based, meaning customers pay a monthly or annual fee to access the software, and eliminates the need for customers to purchase licenses, hardware, and software, as well as manage […]