Software as a service, or SaaS, is a technology segment that focuses on third party delivery of Cloud based applications. These applications can be targeted at consumers as well as other businesses. By choosing a SaaS solution, businesses can lower their maintenance costs for the software. They can also avoid research and development costs, and simply choose a solution read to go. Licensing and pricing is typically more flexible for SaaS solutions, and finally because they're Cloud applications they're also flexible in how they're accessed or connected to.

Key Takeaways:

  • Business and consumers alike both have uses for SaaS, including reduction in software maintenance costs, and other tasks than can be handled by their SaaS provider, saving key business time.
  • When considering startup, make sure you are targeting a need for many consumers, as almost half of all startups fall due to lack of consumer interest!
  • Develop a monetization strategy early, some prefer to offer a free service, and others prefer to offer a paid service with incentives like better, more customized service.

“The future of your SaaS business largely depends on the quality of your software system and market need for the idea in question”

Read more: https://tech.co/how-to-start-a-successful-saas-business-2017-11