It is one of the best sources of making a good profit at minimum cost.

Have a look at some fantastic SaaS-based business model stats: By the end of 2020, 41% of workloads will be located on the public cloud.71% of businesses across the globe are deploying cloud-based SaaS business models to improve the delivery speed of IT service.The SaaS market’s cumulative size across the globe by the end of the year 2020 is projected to reach around $157 billion.73% of organizations across the globe indicated that nearly all their mobile apps will be SaaS by the end of the year 2020.

This usually required months of planning, significant capital investment, and difficult buy-in from other departmental heads.

All of the maintenance burdens get shifted to the cloud provider who is better positioned to capitalize on high volume discounts and economies of scale that come from maintaining a multi-tenant data center environment.For an enterprise cloud, computing has very low entry-exit and switching costs.

As customers rent on a monthly basis, there is a stable recurring month-to-month revenue stream.

Compliance SaaS vendors are usually very knowledgeable and experienced when it comes to deploying applications that comply with regulations like HIPAA, Sarbanes-Oxley (SOX) and PETA and their facilities are frequently audited.