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7 Reasons You Must Invest in SaaS Application Development

Planning to launch a software product that revolutionizes your industry or fills a gap in your target market? Traditional software development might seem the best option for you. But what if we say there’s a cost-effective and scalable option? We are talking about SaaS application development. It is profitable for both your business and your customers.

7 Reasons You Must Invest in SaaS Application Development

Want to know how? Read the blog post to learn about the benefits of SaaS software over traditional and why you should get one.

What is Software as a Service?

A SaaS is an application or a software which is offered as a service rather as a product. They are known by other names such as software on-demand, application service provider services, or service in the cloud. Such software is accessible from any device as long as it has an internet connection.

SaaS Application Development vs Traditional Software Development

Undoubtedly, traditional software is best for those who want software exclusively for their specific needs and workflows. Such software gives complete control over the maintenance, security, features, and functionality.

Most importantly, they can even run without an internet connection making them the perfect choice for businesses with poor internet connectivity. But traditional software is not budget-friendly. They required dedicated resources like servers and an IT team for development and maintenance.

That’s where SaaS takes the lead.

The entire software is built, deployed, and maintained on the cloud and accessible through the internet. No need to download or install.

Why Choose SaaS Software Development for Your Business?

Reason 1: Your Customers Want it

Every business, whether from healthcare or fintech, wants applications that don’t eat their space. They should be easy to use, install, and maintain.  

Thus, more than half of organizations trust and use Software-as-a-Service solutions. And 80% of businesses will completely adopt SaaS by 2025.

Shortly, such solutions will rule the world of software development and these SaaS 2024 trends are the proof.  

Reason 2: Development on Speed

The quickly you launch a software, the faster you establish yourself as a leader and capture market share before competitors.

Early entry also allows you to secure a user base and build brand loyalty before other companies introduce similar products.

However, traditional software takes months and even years to launch a perfect product. On the other hand, SaaS application development is fast. All because of the readily available tools and resources.

There’s a tool for coding, testing, and deployment. Plus, you can quickly launch an MVP to test the ground reality and add features later without spending more money.

Reason 3. Development of a Budget

Traditional software solutions are expensive because there is a penny involved in everything. From license fees, web hosting, development, hardware, and infrastructure, to the cost of hiring IT staff, you have to pay for all. Whereas SaaS application development is less expensive. 

Why?

  • From servers and storage to the database, everything is shared which costs less than the traditional model.
  • The cloud service provider bears the cost of maintenance and support which means tons of savings for you.
  • Less development cost thanks to cloud-based tools and resources like AWS, GCP, and Microsoft Azure.

On average, the cost of SaaS application development starts from $20,000 and can go up to $500,000. The more complex your application is, higher is the cost.

Also Read: IaaS, PaaS, SaaS: Choosing the Best Cloud Service Model

Reason 4. Repeat Revenue

If a high return on investment is your goal, SaaS application development is the route. Such software operates on a subscription model, providing you with a predictable and stable stream of income.

No more waiting for large upfront payments - customers pay a regular fee to access the services and features of SaaS software.

Reason 5. Higher Customer Engagement

To make your application forever relevant and useful for your customers, you need to constantly update or add new features.

Adding more features once the application is launched in the market is an additional cost. That’s not the case with SaaS applications.

You can add or remove features anytime you want without bearing the additional cost of server or storage.

And all the updates are automatic which means your application is always free from bugs. This ensures less frustration and more engagement among your customers.

Reason 6. Scalability that Grows with You

If your SaaS application turns out as a great hit in your target market, your user base will grow.

More users mean more resources to accommodate everyone’s needs. In other words, there would be an additional expense. That’s pretty hard and expensive with traditional software but not with SaaS applications.

They are built to scale and can easily adapt to accommodate the increased demand without any expensive infrastructure upgrades. This allows you to focus on growing your business without worrying about technical limitations.

Reason 7. Security Your Customers Can Trust

Your customers won’t invest in a software that is easy to hack.

By developing SaaS applications, you ensure their business and data are always in the safe hands. Many SaaS service providers invest heavily in robust security features and data encryption.

This offers a higher level of protection compared to on-premises solutions that may be vulnerable to internal threats or physical disasters.

It’s Time to Take the Action

Choose SaaS application development and get all these seven benefits, from saving money to attracting more customers. Now, it’s time to look for a company that brings your SaaS dreams into the market quickly.

Softude is a SaaS application development company. We have developed a wide range of SaaS software for our clients from diverse industries. Feel free to contact us and discuss your product.

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