Software as a service (SaaS) is a delivery model that became one of the recent advancements in the technology industry. Here, the software is provided online and hosted on a server, so users pay the rent to use the software for a specified time period. Centrally hosted software is being licensed to customers by a subscription plan.
SaaS is already a part of our daily routine, surely most are familiar with such services as Slack, Mailchimp, Google G Suite, Dropbox, or Adobe Creative Cloud.
If you are willing to learn about the SaaS business model, feel free to check our recent blog post. https://jelvix.com/blog/saas-business-model