3 Benefits of Investing in the SaaS Model
As businesses find ways to cut corners and increase productivity in the wake of the economic challenges brought on by the COVID pandemic, the SaaS (Software as a Service) model is a growing trend that seems to be here to stay. To give you an idea of its growth rate and future potential, a recent press release from Gartner states that global end-user spending on public cloud services is expected to exceed $480 billion in 2022, with businesses leading the pack in expenditures.
The explosion of SaaS adoption makes a lot of logical and financial sense, especially post-COVID. In the report, senior research director at Gartner, Henrique Cecci, states: “The economic, organizational and societal impact of the pandemic will continue to serve as a catalyst for digital innovation and adoption of cloud services. This is especially true for use cases such as collaboration, remote work, and new digital services to support a hybrid workforce.”
So what is it about SaaS that has everyone’s attention, including companies looking for better solutions to streamline their IT departments’ processes and efficiency? Here are the top three benefits of investing in the SaaS model in 2022, and why your company should be on board.
SaaS Saves Money
According to one CompTIA survey, 44% of companies and individuals who adopt software as a service do it for its cost-benefit. Since most SaaS applications are subscription-based services, small businesses and start-up companies can more easily handle the costs associated with their daily operations. One monthly fee that allows multiple users to access the service without downloading copies of expensive software adds up significantly, especially when a company employs a large remote workforce.
The Software as a Service model also saves money on IT costs, since the installation, configuration, and maintenance of the software are handled by the provider. This removes a lot of responsibility that would normally go to personnel in a company’s IT department, allowing businesses to streamline their IT processes and personnel needs. This model also makes financial sense when a company only requires short-term access to a cloud service and can cancel the subscription when it is no longer needed.
SaaS Solves Compatibility Challenges
When a company’s day-to-day operations are moved to a remote workspace, issues with software versions, operating systems, and multiple remote access points are handled on the SaaS provider’s end. This decreases the strain on IT departments since users won’t be calling in with compatibility problems.
Additionally, since cloud-based services can be accessed as long as there is an internet connection, and can be tailored to allow specific permissions based on the user’s role and location, the potential to streamline operations via the cloud is significant. This becomes even more of a benefit when a company not only invests in a SaaS model but also in a SASE (Secure Access Service Edge) framework. The two together combine the benefits of cloud computing with a solid security framework that protects each network access point, regardless of where it is located around the globe.
SaaS enables Success
Ultimately, adopting SaaS can be an enormous benefit to any company looking for strategies to ensure future growth and success. Simply looking at the success of SaaS providers such as Workday, Zoom, Intuit, and Salesforce is proof enough that companies are benefiting by using them.