In a short period of time, Software as a Service (SaaS) has gone from novelty to mainstream and is expected to grow 17% CAGR to $160 billion globally by 2021. Vendors are shifting from on-premise, licensed software to cloud-based offerings and businesses are responding by continuing to shift more of their critical business applications to the cloud.
SaaS is a method of software delivery that allows data to be accessed from any device through an internet connection and web browser. In this model, software vendors host and maintain the servers, databases, and code that constitute an application, and customers are billed on a pay-for-use or subscription basis. Under the SaaS delivery model, users no longer need to install and run applications on individual computers or in their data centers, reducing fees for both hardware and software maintenance.
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