Why SaaS (Software as a Service) is good for your business?

Software as a Service is considered as the most thriving branch on the IT market. Analysts from Forrester Research estimated the average market value growth at 56.2% annually and forecast that it will continue to burgeon by 2020 at a speed of 18.9% per year. It comes as no surprise that the SaaS market is expanding rapidly. This type of business model has plenty of advantages that attract new entrepreneurs to follow the very software distribution model. On the other hand, companies are more willingly to choose SaaS over on-premises apps, as it is more beneficial and secure solution.

Let’s Discuss the 5 Solid Reasons why SaaS ?

Speed to market

Traditional software required extensive planning and lengthy project management to deploy. Change management programs were created, transition phases planned, transformation programs developed, risk mitigation plans devised and user acceptance tests implemented. Deployments could take weeks, months or even years.

SaaS enables businesses to pass ownership of applications to individual business units instead of being reliant on your in-house IT department. By empowering your business units to take ownership, they can deploy within minutes. This cuts the time to benefit and allows for rapid deployment with little risk. The usual pain points associated with large software deployments, such as budget approval, project management and scaling infrastructure, are mitigated.

Service Delivery Automation

In my opinion, the best thing about operating in the SaaS model is its automation. The system works 24/7, so you can gain new clients at every moment of the day. There will always be a significant bunch of clients that enter your website and buy a subscription plan at once without any question. It means that you get revenues even when you and your whole staff sleep.

Infinite Scalability

SaaS applications usually reside in infinitely scalable cloud environments. As businesses grow, their applications can grow with them and not hold them back. With on-premise software, businesses either must plan ahead and invest into an infrastructure that they may not need for several years or incrementally upgrade their hardware as they grow larger and become more profitable.

Security

Yes, SAAS is considered by technology experts to be more secure than traditional data methods.

Many of today’s SAAS companies run on the most trusted and secured
infrastructure in the world. There are procedures in place to make sure SAAS systems remain secure and safe.

Standard practices need to be followed when designing a SAAS infrastructure, Any and every connection should be encrypted, information while at rest should be encrypted and of course the platform should be hosted at a data center that already has security certifications specific to the industry the software serves.

Low Costs

Moore’s law tells us that the number of transistors in an integrated circuit doubles approximately every two years. In other words, computers improve at an exponential rate. The flip side of this is that existing hardware becomes obsolete extremely quickly.

For most small and midsize businesses, the upfront cost of hardware acquisition and maintenance of on-premise systems is much higher compared to the cost of a cloud-based setup. The SaaS licensing model also provides a predictable cost structure for businesses with tight IT budgets.

Since SaaS is typically subscription-based (aka, no licensing fees) there are lower costs upfront. SaaS exists in the cloud, meaning hardware installation costs are completely eliminated. Without hardware — you don’t have to continuously pay for hardware maintenance. This makes SaaS advantageous for startups.

Some examples of a cloud-hosted SaaS include Google’s G-suite, Microsoft’s OneDrive, and pretty much any cloud-based solution that’s paid for on a monthly basis for access to applications. SaaS is more practical, more convenient, and more flexible than its counterparts, so what are you waiting for? To get started with SaaS, or want to know more drop us a mail at info@exonapps.com

At Exon Apps we have successfully delivered SaaS based Projects to our clients with 100% satisfaction which results into optimized business processes, increased customer engagement rate and achieved exponential growth.