SaaS stands for “Software as a Service.” It refers to a business model where software is provided to customers over the internet, rather than as a traditional installed application on their own computer.
In a SaaS business model, the software vendor hosts the software and provides access to it over the internet, usually on a subscription basis. This eliminates the need for customers to purchase and maintain expensive hardware and software, as well as reduces the costs associated with software maintenance and upgrades.
Examples of SaaS products include customer relationship management (CRM) software, project management tools, email marketing platforms, and human resource management systems.
SaaS businesses are popular because they offer customers a convenient and cost-effective way to access software and technology. Additionally, SaaS providers can offer their services to a large number of customers over the internet, which allows for scalability and growth.
Overall, the SaaS business model is a rapidly growing segment of the technology industry and is changing the way software is delivered and consumed.
