Software businesses of every industry and all sizes, from small startups to large enterprises, are looking for ways to accelerate their software development process in the race to innovate and deliver their offerings to their customers ahead of their competition.

Software-as-a-Service (SaaS) and cloud-based technologies offer businesses cost savings in running their apps freeing them of hardware and infrastructure costs, reduced maintenance and time management, as well as low pay as you go subscription pricing, and trades capital expenses for operating expenses. In addition, SaaS provides automated and seamless updates with the latest technologies and features, load balancing, backups, and service level agreements (SLAs) to provide business continuity.

But maybe, the most underlying value provided by SaaS solutions is the flexibility and agility that it offers to businesses. That is, the ability to deploy faster with lower investment risk, maximize performance, and scale by adding or subtracting resources as needed to meet changing market conditions.

Companies choosing to take advantage of cloud-based apps with a SaaS business model are increasing in number. Let’s take a closer look at some of the key benefits of SaaS.