SaaS solutions are one of the fastest-growing segments in the IT industry. COVID had played a big part as remote working increased during the pandemic and so has the use of SaaS products.
Although global businesses and economies suffered a lot due to the pandemic, SaaS growth continued to rise.
Organizations are now deploying more SaaS products just to improve remote working models and ease out the life of their employees. Also,
the subscription-based pricing models, helps companies to rapidly migrate their software solutions to a SaaS model.
Why is SaaS becoming so popular amongst Organizations?
Organizations are increasingly adopting the subscription-based pricing model to satisfy growing IT needs—despite limited IT budgets particularly for SMBs and startups, they are investing heavily in SaaS products.
SaaS growth rates, IPOs, and acquisitions all indicate this trend is not ending anytime soon.