In recent times, Saas (Software as a service) has gained much popularity in the Information technology industry. It is a software model where the associated software and data are hosted using a cloud computing technology.
Reports show that 74% of companies in the world are using some or other type of cloud computing service. There are numerous cloud Apps available for users of which few famous Apps are CRM, ERP, accounting software, billing and invoicing software, collaboration software and web hosting.
Before choosing Saas model, most of the buyers are worried about cost, features, functionality of Saas, service level agreements, working of Saas provider and safety of data. It was reported that 75% of companies are concerned about security and reliability features associated with the cloud services. More than 54% of respondents are citing security as the main reason for discussion before getting transmitted to cloud.
There will be less downtime in the companies using cloud services and it prevents them from losing revenue worth of $26.5 billion due to downtime.