The SaaS model is fast gaining immense popularity, with customers increasingly opting to buy periodic subscriptions to cloud-based services/solutions rather than shell out top coin for buying a product that has to be physically installed and maintained.
Software as a Service (SaaS) is one of the fastest-growing businesses in the world today. By the end of this year, the total global revenue of SaaS companies is expected to touch $106 billion. While t his is great news for future prospects, it also means that there will be stiff competition for success in the narrow space. To stand out from the crowd, SaaS companies will have to constantly think about ways to differentiate themselves.