Once there was a time when the softwares were carried in floppy discs, CD drives and flash drives. As the technology was advancing, everything then started moving into cloud or remote servers. At present, most of the applications and productivity tools that the world uses are cloud-based or web-based. Software as a Service or popularly known as SaaS is one such form of cloud apps that went popular with the global communities. With SaaS platforms, users don’t have to download and install any applications on their devices. They can just run these applications over the browser. With this comes the flexibility to use them anywhere, unlike the traditional software solutions.

SaaS tools come with a good set of advantages like accessibility, compatibility, andoperational management. In addition to that, SaaS models offer lower upfront costs than traditional software download and installation, making them more available to a broader range of businesses, making it easier for smaller companies to disrupt existing markets while empowering suppliers.

While it offers great advantages, it comes with a disadvantage: most applications need the Internet to run seamlessly. However, the increasing availability of the Internet, lower internet rates and high-speed networks such as 5G make this less of an issue. Additionally, some SaaS applications have an offline mode that allows basic functionality.

In the past few years, the demand for subscription-based pricing models has skyrocketed. It has already surpassed the revenue coming from the traditional software. This means a great potential for the growth of SaaS products in the coming years as their Total Cost of Ownership (TCO) matches that of the on-premise software deployment models.

Here in this edition of CEO Views, we see how these SaaS technology platforms are revolutionizing businesses across the globe. Also, we would look at some of the best companies out there in the market who are making a dent with the unique products they have got up in their sleeves.