What is SaaS ? Top 10 Most Popular SaaS Application.

Software as a Service is one of the most admired and adopted business models that brings greater benefits to both the offering company and its users ( ROI ), so both sides benefit.

Global cloud adoption will continue to expand rapidly. Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022. Additionally, by 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.

From software development to entertainment and finance, SaaS application development solutions have covered almost every niche, and today you can see many examples of SaaS applications around you.

There are basically 3 cloud-based services - SaaS, PaaS and IaaS, of which SaaS is the most popular. It is a cloud-based model where all the maintenance of the software, including updates, deployment, enhancements, etc., is handled by the operating organization.

Users only have to pay monthly or annual subscription fees. Many popular SaaS-based services, such as Google Drive and Slack, are available for free with certain restrictions.

Why has SaaS Application Become So Popular?

• Low initial cost:- If you want to develop your own software, it will definitely cost you a fortune and you will have to dig deep into your pockets if you want to add some complex functionalities.

• Time savings:- SaaS applications can be a huge time saver because all updates and enhancements are outsourced to the provider. This allows you to focus on your core business without having to worry about the latest technological developments.

• Scalability:- This is another important feature of the SaaS model for small businesses that face frequent changeovers in their processes. Since all SaaS applications are subscription-based, you have the flexibility to change your plan as needed.

• Try and use:- Most premium brands and providers always offer a free trial to use their SaaS app first. So pay only if it solves your problem and meets your needs, otherwise just move on and find an alternative without wasting a single penny, it's that simple.

Top 10 Most Popular SaaS Applications:

• SalesForce

A best-in-class platform that provides comprehensive solutions for customer relationship management and sales team management.

Year of launch: 1999

Revenue: $26.45 billion (2022)

• Zoom

All-in-one video communications platform with best-in-class features and super-simple user interface.

Launch year: 2011

Revenue: $1.06 billion (2021)

• Google Applications (G Suite)

With its comprehensive product line, G Suite offers a comprehensive ecosystem for individuals, small businesses and companies. Its availability on all devices and connectivity with Android set it apart from the competition.

Launch year: 2006 (initial release)

Revenue: $4.99 billion (2021 - Google Cloud)

• Slack

Slack offers an ideal way to communicate and collaborate when email is too much (too formal) and messaging apps are too informal. Its simple user interface and integration with multiple apps make it a virtual hub for many businesses.

Launch year: 2013

Revenue: $273 million USD (2022)

• HubSpot

HubSpot offers businesses a great way to automate their marketing and sales efforts with its simple UI. It provides easy access to all relevant information so customers can make informed marketing and sales decisions.

Launch year: 2006

Revenue: $1.3 billion USD (2021)

• Shopify?

It allows people with no programming skills to set up their e-commerce platforms with built-in SEO features, access to apps, and integration with multiple payment gateways.

Launch year: 2006

Revenue: $4.6 billion (2021)

• SAP Concur

Concur helps organizations effectively manage spend by getting employees and management on the same page. It's a cloud-based platform that can be used via the web, smartphone or tablet.

Year of launch: 1998

Revenue: 707 million euros (first quarter 2021)

• Adobe Creative Cloud

It gives access to many creative applications such as Photoshop, Acrobat DC, Premiere Pro and Illustrator. You get access to thousands of fonts, collaborate with your team, and engage in a community.

Launch year: 2011

Revenue: $4.11 billion (2021)

• Netflix

Netflix's entire value proposition is to provide its customers with high-quality entertainment throughout the day. This promise includes access to an extensive catalogue of content, including diverse content. Netflix offers streaming on demand, access around the clock, and no ads.

Launch year: 1997

Revenue: $6.64 billion (2021)

• Atlassian Jira

Jira is suitable for different types of users such as developers, project managers, engineers, non-technical professionals, etc. Integration with third-party software allows you to manage your projects effectively.

Launch year: 2002

Revenue: $2 billion USD (2021)

Conclusion:

SaaS represents a new way of doing things. It allows you to reach a wider audience, roll out applications quickly, and streamline your business operations. SaaS software allows you to focus on your core business without having to worry about maintenance and upgrades. That's why the number of SaaS development agencies has nearly tripled in recent years.

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