SaaS or Software as a Service is a current phenomenon in the world of technology nowadays. It is an on-demand, cloud-based delivery model for software applications. Over the years, SaaS has grown quite steadily. However, these solutions are becoming more and more popular nowadays, thanks to the advantages of cloud computing and rage of benefits it offers. When it comes to SaaS, a service provider hosts the application at a remote location, and the user can access that by using a web browser. With the years to come, usage of SaaS is only expected to grow even further. So, here we are listing out few trends that can eventually shape the industry later on.
Considering the effectiveness of SaaS, it has grown ahead itself to something new termed as XaaS model (Everything as a service). Nowadays the majority of manufacturers and channel partners are using pay-as-you-go models to compute their organizations as they welcome the latest technology through cloud-based services. It is believed that XaaS will bring more innovations to cloud-based businesses.
According to the latest industry trends, few organizations are trying to migrate their data to cloud software and platform services. However, few of the companies are seeking for service resolutions in order to merge within the current infrastructure to make it better. With the presence of legacy systems and concerns related to data security, the responsibility completely lies on SaaS MSP, when it comes to full integration without leaking any critical data.
With the constantly evolving technology market, soon DaaS (Data as a Service) will have a significant presence. The main idea of DaaS is to help organizations with the wide variety of cloud-based data at very minimal cost so that organizations can become smarter when it comes to decisions related to strategy planning.
Security will play a very important role in the upcoming days. With the rise of smartphone users, now cyber offenders have multiple entry points for security breaches, exposing personal and enterprise networks. As mentioned, remote working exposes employees to public open spaces with unencrypted networks making them more vulnerable to various threats. Nowadays malware can be injected in all kind of devices, which can eventually intercept the transferred data leaving more to be protected. So, with more and more innovations one can easily expect increased security solutions in the upcoming years.
Soon smartphone-friendly apps are going to be norm in the industry. Thanks to the growing usage of smartphones and tablets amongst the employees and customers. According to the recent survey, 35 percent of respondents said that they are planning to increase spending on mobile systems in 2017, among all the respondent’s 10 percent are currently beta-testing apps and 21 percent are looking to add team members with mobile application and device management skills. With the growing usage of mobility, organizations are saving costs, and now they can work remotely and can increase customer response time.
Artificial Intelligence will play a big part soon. Last year, Google Home, Amazon Alexa, and Siri’s Macbook debut brought AI personal experience within reach of people. The same trend can be anticipated this year when home enhancement and simplification is the key trend. For example, there will be developments in everyday activities such as switching on lights, opening, and closing of garage doors, switching sir conditioning on and off, etc. All these will be possible with the help of a smartphone.
According to a recent study, till date, more than 75 percent enterprise don’t possess a complete organization cohesive cloud strategy. Without the clarity into what software employees are using for their day to day processes, CIOs are failing to regulate processes, create plans, and preserve a critical business data. So, to discover various shadow IT departments, soon SaaS discovery tools will function to alert organizations and to find solutions.
Within a very short period, an increasing number of financially powerful cloud application MSP’s are advancing above the mark of $50 million mark. Which is eventually helping them to produce a surplus of venture capital firms who are on the lookout of making new investments. The result is an explosion in the sector of SaaS, however, soon the funding will become increasingly controversial.
SaaS applications are easy fit for small businesses and startups, where deploying and managing on-premise infrastructure is not a great idea. According to recent research, more than 6,000 European organizations, which range from pre-startups to established small businesses found many growth options. Whereas more than 64 percent of the survey respondents were already using the cloud-based software. By 2017, the percentage is expected to grow up to 78 percent. As per the research, financial management, project management, customer management, and marketing are the key areas where the organizations are seeking support from SaaS vendors.
So, here are some of the key trends of SaaS, that can eventually change the market. However, we still expect more and more SaaS companies to expand their limits and move into different segments while evolving from single product services to platforms.
In 2021, Global Economic Growth was 5.5%. But the latest UN Report predicts only 4% Global Economic Growth in 2022,...Read more