Nowadays, the software as a service (SaaS) market is increasing and bringing a bunch of digital changes to businesses of all kinds. A lot of companies are picking this model to generate a long-term and easily-expected profit. Let’s see what the statistics says:
- The global SaaS market will reach 380 million U.S. dollars by 2021.
- The global public cloud SaaS market is forecast to reach 157 billion U.S. dollars in size in 2020, more than doubling the market size in 2014.
SaaS application development is a promising scenario for startups. Moreover, the demand for SaaS solutions grows in sync with companies. As a result, the growth of the SaaS market is expected to reach $120 billion in 2021. It seems like a perfect moment for starting a SaaS business. But why are SaaS apps popular among businesses? How much does it cost to develop software of this type? This article will offer answers to these questions.