A major factor in the digital revolution spread across sectors is the increasing popularity of the “Software as a Service” (SaaS) model of deploying information technology.
Research indicates that by 2024, the global SaaS industry will reach or surpass the astonishing USD 623 billion threshold. In every industry, small and medium-sized enterprises (SMEs) stand to gain the most from SaaS.
While large companies have several benefits, the little guys have the power to revolutionize their industry.
SaaS provides them with high-powered resources that let them compete with industry leaders without breaking the bank.
With SaaS, companies only pay for what they use, can easily adjust capacity to meet fluctuating workloads and benefit from the ease of deploying and managing technology without needing additional personnel.
It enables businesses to provide superior service to clients using the same cutting-edge digital methods used by market pioneers.
Do you still have doubts about migrating to SaaS? Here are six arguments for switching to a SaaS model for your company’s digital infrastructure.
1.) Save Money
Since SaaS often exists in a shared or multi-tenant setting, where hardware and software licensing costs are cheap compared to the old approach, it may give advantageous cost reductions.
SaaS also enables small and medium enterprises to utilize a program they otherwise would not use owing to the high license cost, which means that your client base may grow quickly.
Additionally, maintenance expenses are spread out to many people because the SaaS provider owns the environment and divides it among all customers that utilize that service.
In a world where “time is money,” it’s great to know that SaaS can help with both. In most cases, all you need is access to the internet and log in to begin using the software as a service.
Additionally, the vendor takes over the maintenance duties formerly handled by your company’s IT personnel.
As a result, upgrading to new versions of, for example, digital signage software no longer necessitates additional time and resources from the working workforce.
Finally, the learning curve for SaaS products is often less, which implies faster adoption throughout your workforce.
3.) Flexible Infrastructure
By “infrastructure,” we refer to the flexible technological backbone of SaaS solutions that can handle peaks and valleys in demand.
A shop, for instance, could observe a spike in demand for tech support during the holidays.
Investing in more storage or processing capacity may be necessary to process transactions more quickly and provide a consistent, smooth customer experience.
An on-premises IT infrastructure would need a Herculean effort to scale in response to increased demand.
Add to it the expense of maintaining unused capacity that could be required for only a few months out of the year.
If your company uses a SaaS model, you can focus on running your business without worrying about whether or not your IT infrastructure can keep up with customer demand.
In times of crisis, your technology may easily scale up with the help of a SaaS provider’s managed services.
Small firms benefit greatly from this adaptability since they can concentrate on growing their core competencies while letting their supporting infrastructure function without direct oversight.
4.) Improved Accessibility And Collaboration
SaaS solutions are also more accessible and collaborative than traditional software.
Because the software is hosted remotely and accessed over the internet, users can access it from any device with an internet connection, regardless of their physical location.
It makes it easier for employees to work remotely or from different places, which is particularly valuable in the age of the pandemic.
Moreover, SaaS solutions often include collaboration tools that allow multiple users to work on the same project simultaneously.
It can be particularly valuable for small businesses that rely on teamwork to get things done.
5.) Increased Security And Data Protection
Data security is a significant concern for businesses of all sizes, but small companies may have limited resources to invest in security measures.
SaaS solutions often include robust security features like encryption, firewalls and multi-factor authentication.
Additionally, because the software is hosted remotely, it’s often more difficult for hackers to access company data.
Service providers are also typically responsible for data backups and disaster recovery, which can protect small businesses from losing critical data in the event of a system failure or natural disaster.
6.) Scalability And Customization
Small business start-ups may not need all of the features of a comprehensive software solution.
However, as the business grows, it may require additional features or functionality.
SaaS solutions offer the flexibility to add or remove components as needed, allowing small businesses to scale up or down as their needs change.
Additionally, SaaS solutions often include customization options, which can help small enterprises to tailor the software to their specific needs.
It can be particularly valuable for small businesses with unique workflows or processes.
Small businesses must be agile and cost-efficient to remain competitive in a quickly-evolving market.
SaaS solutions offer the perfect combination of affordability and scalability, making them the ideal choice for businesses of any size.
With all of the advantages that SaaS solutions provide, it’s no wonder they are quickly becoming the go-to choice for small businesses. Make the switch today and put your business on the path to success.