Definition of SaaS:
SaaS stands for "Software as a Service." It refers to a model of software delivery in which a software application is hosted by a third-party provider and made available to customers over the internet.
What is SaaS?
In the SaaS model, customers pay a subscription fee to access the software on a recurring basis, rather than purchasing it outright. The software provider is responsible for hosting, maintaining, and updating the software, and customers access the software through a web browser.
Why is SaaS a popular business model?
SaaS is a popular model for delivering software because it allows customers to access the software on an as-needed basis and eliminates the need for expensive upfront purchases or installations. It also allows the software provider to offer the software as a service, rather than a product, which can provide a more predictable and stable revenue stream.
Overall, SaaS is a popular and increasingly prevalent model for delivering software, and it is used by a wide range of companies in a variety of industries.