Software as a Service, better known as SaaS, can comprise a wide variety of applications. It can be business software or a communications system. The most popular examples include Netflix, Spotify, and Amazon Prime!
Surprised? Well, these services provide you with software that can be used as you please. Another great way to identify a SaaS is that they typically charge you a subscription fee to access licensed content, be it entertainment content or business software.
In terms of business, SaaS can provide many solutions such as project management, accounting, document management, and much more.
By 2022, BMC expects SaaS to create revenue of $140 billion. Moreover, with 44% of companies intending to increase their investment in SaaS, there’s no denying that SaaS has a bright future ahead.
So, without further ado, let’s take a look at the trends that will dominate the SaaS market for years to come!
1. Vertical SaaS
If the first thing that came to your mind when you read the term Vertical SaaS is a highly narrow set of solutions, you’re completely right!
Vertical SaaS is designed to solve a particular problem and is narrowed down to specific industries such as healthcare, hospitality, retail, or tourism. However, since it’s designed to address specific problems of a specific industry, it is by no means a simple system.
It needs to address organization-specific requirements, which means the consumers need to have a high degree of customization power. Expect Vertical SaaS to increase in adoption and revenue for the next five years and even beyond.
2. Micro SaaS
Again, the hint is in the name, and Micro SaaS is focusing on small businesses that require a targeted approach and not a broad and general solution. Micro SaaS allows small businesses to reap the benefits without any geographical restrictions, such as the eCommerce industry.
It allows small businesses to benefit from reduced costs, dedicated user bases, and connectivity to the clients directly while improving their satisfaction.
3. AI Integration
One of the most promising and hyped-up SaaS trends is the integration of Artificial Intelligence tools. AI integration is a popular trend these days among business sectors all over the world. There was a time when AI had its doubters, but now its integration is well and truly in progress.
Sectors such as data surveillance and monitoring, and healthcare stand to benefit from it, and AI is being touted as a highly effective technology for SaaS development in the near future.
Get SaaS Business Solutions in Colorado Springs With Us
Axis Business Technologies offers SaaS solutions in Colorado Springs for small and large businesses. Popular and essential business SaaS solutions such as G Suite and Office 365 are available at affordable plans, based on your business needs.
Get in touch with us now to learn more about how we can provide the right SaaS solution for your business!
