An Easy Guide for Complete Understanding of SaaS Product Development Process

There has been a 3x increase in the SaaS market in the last five years. The global revenue for the SaaS industry expects to reach $171 billion by the end of 2022. The traditional on-premise model is quickly becoming a thing of the past. This is merely due to the great account of advantages the Software-as-a-Service (SaaS) model offers.

99% of companies on the market adopt at least one SaaS solution to run their business.

Software-as-a-service product is an Internet software product that any user can access without installing anything on your device.

Simplistically, it is a cloud-hosted application that can be accessed on multiple platforms like smartphones or web interfaces.

It provides important characteristics like customization, remote accessibility, scalability, and easy maintenance for a business to grow.

Most importantly, SaaS products do not require any special instrumentation. It is easier for a user to work with a SaaS model of software.

Among the enterprises, 37% use Cloud services as it provides a great level of flexibility.

Due to its popularity and usability, SaaS development has covered almost every sector of the industry and SaaS-based products are in huge market demand.

Types of Cloud Computing Services (IaaS, PaaS, SaaS)

Three main types of Cloud computing are available:

1. Internet-as-a-Service (IaaS)
2. Platform-as-a-Service (PaaS)
3. Software-as-a-Service (SaaS)

All three models explain the modern yet different ways to describe the utilization of the Cloud for business.

Each model offers specific functionality that is important to understand as a business.

The difference between the Cloud services models is very well explained by Albert Barron in his Pizza-As-A-Service analogy.

IaaS

The Infrastructure-as-a-Service model is also understood as Cloud infrastructure services.

The business purchases resources on-demand, despite spending more to buy and manage hardware.

This model can be used if you plan to pay-as-you-use to fit your budget.

Well-known examples include Amazon EC2 and Google Cloud Storage.

PaaS

The Platform-as-a-Service model is also understood as cloud platform services.

The development provides an internet-accessible framework, software, and tools that are required to build an app or software.

The model fits well with the businesses that do not want to take any responsibility themselves but still create a unique application.

Some well-known examples include Google App Engine and Windows Azure.

SaaS

The Software-as-a-Service model is also understood as Cloud application services.

The vendor manages data, servers, and storage without any other requirement.

Here, you do not require to install or run the software on your computer or mobile device.

The only requirement is the Internet on the device and you can have easy access to the services.

Some well-known examples include Google Apps and Salesforce.com

Benefits of Software-as-a-Service

Benefits of SaaS development

• SaaS is mainly sold on a subscription basis that consists of upgrades, maintenance, and a degree of client support. This makes it highly affordable. And as the subscriptions can be managed monthly, there are no high up-front service costs applicable in this specific model.
• The conventional software solutions take weeks or months to implement and deploy. On the other hand, SaaS solutions do not need any tool to be enabled, only a web browser and the internet. This makes it a ready-to-go solution.
• SaaS also nullifies hardware maintenance and software version up-gradation at the user-end. The SaaS service provider handles all this for you so you can give more of your attention to growing your business.
• The complexity of IT infrastructure is looked upon by the service provider. This again will keep you free to achieve greater heights in your business.
• SaaS ensures the performance level of your software and even could be penalized if fail.
• SaaS also enables automated diligent backups without user involvement. It takes care of data integrity and recovery.
• As you just need the internet and browser to work, this allows it to be used from anywhere. Of course, this becomes the greatest advantage.

Read the complete post to know the SaaS development process in detail:?https://www.aceinfoway.com/blog/saas-product-development-process

Also, get a complete checklist for SaaS development to help you keep track of your SaaS product development at each stage.