What is a SaaS Product?
Software as a service (SaaS) (also known as on-demand software) is a software licensing and distribution model in which a centrally hosted software is provided to customers through a licensed subscription over the internet.
Instead of having to procure expensive hardware or installing software, you can easily access an application over the Internet. SaaS products are often called web-based software, rent ware, or hosted software.
The SaaS company simply hosts the software on its servers and delivers it to its subscribed end users via the internet. The SaaS company is responsible for providing access, security features, IT support, and performance during the course of its functioning.
SaaS is a part of cloud computing technology, along with the well-known services of infrastructure as a service (IaaS) and platform as a service (PaaS). A Gartner survey found that more than a third of the organizations see cloud investments as one of their top three investment priorities.