Software as a Service (SaaS)
Software as a Service (SaaS) is a cloud-based software delivery model that allows users to access software applications via the internet.
- Definition and Scope:
- SaaS provides software applications over the internet, eliminating the need for installation on local devices.
- Common examples include Google Workspace, Microsoft 365, and Salesforce.
- It operates on a subscription model, allowing users to pay for the services they use, often monthly or annually.
- Historical Use of Abbreviations:
- The term 'SaaS' became popular in the early 2000s, though similar concepts were in use prior, with companies like Salesforce launching their service in 1999.
- The transition from traditional software installations to SaaS was driven by advancements in internet speed and cloud technology.
- By 2023, the SaaS market was projected to reach around $172 billion, reflecting its increasing adoption across various industries.
