What is Software-as-a-Service (SaaS)?
SaaS is changing the way businesses and individuals use software. Instead of buying software as a one-time purchase and installing it on a single device, SaaS allows users to access applications through the internet on a subscription basis. This means greater convenience, flexibility, and often lower costs for users compared to traditional software. A well-known example is Microsoft. In the past, people had to buy Microsoft Office as a one-time purchase, install it via a CD-ROM, and use it on a single computer. Today, Microsoft 365 offers the same software—like Word, Excel, and PowerPoint—through a cloud-based subscription, allowing users to access their files from anywhere and enjoy regular updates. Source: Company data
Advantages of SaaS
SaaS provides multiple benefits for businesses and users. Here are some key advantages: Stable and Predictable Revenue: Subscription-based pricing ensures businesses receive regular income, making it easier to plan for…
