The year 2021 offers the best SaaS model with one of the most reputed and beneficial types of Software. A SaaS app works as an ultimate tool to fix any issue for users and business owners to get profitable products. Furthermore, creating and launching Software as service applications takes time, money, and, of course, a lot of research to carry out any business project.
The process of any design agency is not just about launching a good-looking website but also building a whole SaaS product from scratch and making use of it when possible. Based on the study, the SaaS market accounted for nearly US $31 billion in 2015 and is estimated to expand by 18% by the year 2025, which accounts for US $172 billion. If you or your team have a fantastic idea to develop the Software, then SaaS is the best option to grow your business.
Here, in this guide, we’ll discuss SaaS applications and why you should develop and build a successful model.
What is a SaaS application?
SaaS (Software as a Service) is the best option for small to medium businesses. It offers cost-effective solutions and uses traditional in-house Software. The application made from SaaS apps eliminates the financial risk of costly Software that embraces various spheres like a different business app like payroll, HRM, office, CRM, and other resource planning software. Anyone who is seeking a small budget and cloud-based technologies can use SaaS applications.
Why one need SaaS applications for your business?
- Flexibility and Scalability
If you’re seeking to grow your business and need flexibility in your application, SaaS is the best option. Using the SaaS model can change the overall look of your app and make it easier for a user to understand. If you’re new to the business, opt for a less risky environment and manage the backend with the Cloud. The model offers a flexible-based license and can easily be managed.
- Reduced Application Cost
Lowering the cost of a business app can benefit you in several ways. SaaS comes with low maintenance costs and reduces the percentage of your business unit budget. This means you can invest in other companies using the secure business application. Moreover, it helps in saving time and cost by bringing down the investment risk.
- Speed Factor and ease to use
The selection and deployment of business applications deploy faster and bring down the administration with adding installation efforts. SaaS deploy quickly allowing you to stay on a competitive edge with pace-up business benefits.
- Time management and performance
The time is here to deploy a cloud solution across various regions and avoid the total cost associated with rollouts. To run SaaS applications, you’ll not be wasting time in setting up infrastructure across multiple sites. Along with on-premise setups, the performance depends on cloud-based apps and in-house servers meeting user and business requirements.
What are the benefits of Software as a service?
- Lower Cost: SaaS offers a cost-saving and multi-tenant environment that allows businesses to carry out the high licensing cost. The maintenance cost is lower and the price is split among all service users.
- Ease of distribution: SaaS allows to buy a subscription by using the online services and installing it. It comes with the opportunity to purchase a subscription and access their services with ease.
- Effortless Scalability: You don’t need to buy additional software licenses or server space. You need to upgrade the subscription plan and accommodate new users to cut down on subscription costs.
- Accessibility: The user needs a computer and a stable internet connection to access cloud-hosted tools for various applications like mobile phones, remote desktops, etc.
- Easier Updates: It comes with a traditional model that the service provider cannot control. It concerns the user to install Software and update it.
How to develop SaaS Applications successfully?
Step 1: Ideation
It’s the first step of developing a SaaS application. If you have any ideas to explore, here is the challenge you need to come up with. Also, you can hire a SaaS application development company and ask them to guide you better. Determine the unique feature you need to add in there and identify who would be using the SaaS app. Identify the target audience and research SaaS application development trends.
Step 2: Research SaaS application trends
The next step is to track the research trends and achieve their essential success. Do understand the trend and enhance your app by keeping it significant. Several top SaaS trends are available out there, such as Artificial Intelligence, growing API connections, and vertical SaaS. Additionally, the vertical SaaS adds benefits like pre-defined metrics, customer intelligence, enhanced data governance, and migration to PaaS.
Step 3: Document your needs
If you have done enough ideation and research on market trends for your SaaS application, then one needs to document requirements to build an MVP. It contains core MVP document requirements that need essential functions at a basic level. Understand the project need and functional specifications by making a series of stories using a different approach. It ensures a different approach and entails system requirements that one needs to develop.
Step 4: MVP (Minimum Viable Product)
It’s one of the essential steps that come after documenting requirements. The features are performed at the primary level where MVP allows users to use the proposed product and solve it with ease. To solve the easy task with MVP, SaaS products pick different technology stacks and use approaches specially selected.
Configure Your Business Structure with Best MVP based IT Solutions
Step 5: Find Developers and Start development.
Suppose you have already started validating the idea and added your documented requirement, then it’s time to pick up the technology stack. Building a SaaS platform needs the best SaaS development service provider who converts your dream into reality. Hire a SaaS app development services company, use the best web services, and provide information in users’ web browsers.
Step 6: Maintenance
After SaaS application development is completed, now it’s time to deliver and deploy the SaaS application. It mainly depends on the various products that’s well tested. The development team checks the quality of the final version of a SaaS application thoroughly. The Cloud hosting provider adds AWS, Microsoft Azure, and Google Cloud with an accessible web server deploying SaaS solutions.
Step 7: Marketing
Execute the step even before the development of the SaaS application. It’s worth advertising the brand that generates excitement, gains traction, and builds success. For example, Dropbox creates a landing page and promotes it on social media by obtaining email ids from thousands of people. Few networks include Facebook, Reddit, Twitter, Instagram, and LinkedIn, which helps to grow your social networks and generate higher ROI.
How to migrate to the SaaS model from the existing model?
Step 1: Evaluate your environment.
Create a list of on-premise infrastructure and applications. The SaaS development company launched a SaaS migration that takes a hard look at an existing product. One needs to examine the existing infrastructure and determine each application status. The effort needs to switch to a higher output value where upgrading is the slightest need.
Step 2: Choose the Cloud Environment
If you’re planning to migrate your existing app to a SaaS model, decide what type of Cloud is best suitable for your applications. The public Cloud needs to offer a common offsite server that is convenient and based on a pay-per-use model. On the other side, the private Cloud does single-occupant solutions with better reliability and control.
Step 3: Select the right cloud provider.
Now, it’s time to identify the architecture the need for the migration and create a list of apps you need to migrate. Consider the storage requirement and computing power when migrating the apps to a SaaS model. Check if your hosting needs load balance, outsource cluster, or database replication. Choose the cloud provider that meets all your requirements and consider all factors when choosing the provider.
Step 4: Perform the necessary refactoring
Before moving from an existing application, you need to work on your services and ensure that you work as effectively in the Cloud as possible. Let’s say you might have refactored the app, which works well with different running instances to allow dynamic scaling. Save more on Cloud services and utilize better dynamic cloud capabilities instead of allocating resources ahead of time statically.
These methods would surely help migrate your existing application to the SaaS business model without building the app from scratch.
Wrap up
We know that the market for SaaS applications is emerging at a rapid pace. The time is here to come out with offering a unique app idea. Also, you need to add proper planning and analysis before developing a SaaS application for your businesses. If you’re still looking for a SaaS development service provider, we have an expert team to build a SaaS application business model for you. Discuss your ideas and requirements with our technical expert team.