What you should know to build a successful SaaS business?

  • What you should know to build a successful SaaS business?

Do you want to step into the fast-growing technology of a SaaS-based business model then this article is for you? In this article, you will know why it is very beneficial for your business and why you should implement it.

What is Software as a Service(SaaS):

SaaS is basically a cloud hosting application that works for the user through a web browser, unlike software that used to be physically installed in the hardware to be used.

Even the service and maintenance for the servers are done online letting the user free from the burden of maintenance.

SaaS products are not sold to the user but are instead rented on a subscription basis, this means to keep on using the software you should keep on subscribing to the plans.

SaaS programs are designed to work on any device, whether be it a mobile or a desktop, the user can access the application anytime anywhere.

Why SaaS applications are so popular:

Due to their affordability and easy user interface, SaaS applications are touching new heights every year. The estimated amount spent in 2021 by companies on SaaS applications is 142.5 US billion dollars and is estimated to grow to 197.6 billion in 2023. SaaS applications based on the cloud are also disrupting the supply chain industry and it is estimated to generate 11 billion dollars by 2023. Adobe has become the world’s largest SaaS company by generating 215.6 billion dollars in the year 2022. The US is the leading country in SaaS applications with 16,000 companies based on the SaaS platforms which generate 333,9 billion dollars every year.

Benefits of SaaS application:

  • Simple and straightforward: SaaS applications are totally built on the cloud which means that there is no physical resource used, which means there is no need for physical burden. This leads to launching the app more easily than the traditional installed app.
  • Lower cost: SaaS applications pocket friendly to develop. The software and infrastructure development costs are cut down if you choose a SaaS application over a traditional app. Moreover, if you want to upgrade your app by adding new features, this could be done easily by integrating the features through tools and technologies.
  • Flexible and Scalable: The app should be flexible to manage the ever-changing demands of the customers. SaaS applications are very flexible and easy to upgrade with new features with the help of third-party tools.

SaaS applications come in subscription format which means you can change your subscription plan as your business scale upwards.

  • Secure: High level of security and confidentiality is provided on SaaS base app to the customer data. To remove all the security concerns SaaS applications use AWS-like cloud-based services. Data from the users is stored in isolated servers and an id password is required by users to access their accounts. Data can be stored in common servers or private servers according to the company’s demands.
  • Frequent updates: it is easy to provide updates for SaaS applications as they are stored on cloud servers. In the case of traditional software updates the user should give up some data to update the software, but such is not the case with the SaaS app 
  • Anytime, anywhere, any device access: this is the main reason why SaaS applications are so popular. Since SaaS apps are hosted in the cloud and accessible through any browser, it is free from usage on any specific device. Users can access the app on any device anywhere and at any time they like.

Different SaaS development solutions:

Depending on the usage and objectives there are many SaaS applications in the market. Here are some of them.

CRM SaaS apps: to effectively keep a track of the customer’s behaviors, companies use Customer relationship Management products to make informed decisions. Salesforce is the best example of a SaaS CRM application.

Project management software: developing project management software from the scratch is a very expensive process. Thus many companies, to keep a track of their applications uses SaaS-based apps in project management.

Fintech SaaS apps: SaaS applications are also used to automate billing processes. Stripes are the best example of fintech SaaS apps that come with security and various payment options.

EPR applications: soon web-based applications are going to replace traditional apps. Business analysts and dashboards support SAP SaaS platforms which allow businesses to have better insights into their processes.

Choosing Ahex Technologies to develop your SaaS: Ahex has been in the SaaS development industry for quite a long time and by teaming up with us you are avoiding all the hassle of doing things yourself. We handle all the software development steps so that you can come up with outside-the-box ideas to implement. Whatever features you want to have in your app, Ahex technologies can help you make it happen.